We track 17 sales and 32 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MERA TERRACE dashboard.
- Average sale price: $3,588,523 across 17 transactions
- Estimated gross rental yield: 2.0%
- District 16 PSF ranking: Premium tier (top 8%)
- Freehold tenure · OCR · D16 · 124 units
About MERA TERRACE
MERA TERRACE is a freehold condominium, located at SEAGULL WALK in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) (Outside Central Region), developed by MALAYAN CREDIT LTD, comprising 124 residential units, completed in 1997.
As a freehold property, MERA TERRACE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MERA TERRACE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 15 | $2,201 psf | $3,553,326 |
| 5+ BR | 2 | $1,058 psf | $3,852,500 |
Sales Market Overview
MERA TERRACE has recorded 17 sale transactions with an average transaction price of $3,588,523, ranging from $2,650,000 to $4,705,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 7 | $1,621 psf | $3,229,286 | — |
| 2022 | 1 | $2,062 psf | $3,330,000 | ↑ 27.3% |
| 2023 | 1 | $2,403 psf | $3,880,000 | ↑ 16.5% |
| 2024 | 5 | $2,330 psf | $3,762,600 | ↓ 3.0% |
| 2025 | 2 | $2,560 psf | $4,134,000 | ↑ 9.9% |
| 2026 | 1 | $2,545 psf | $4,108,888 | ↓ 0.6% |
MERA TERRACE ranks in the top 8% of condos in District 16 by average PSF.
Compared to the OCR average of $1,550 psf, MERA TERRACE trades 33.3% above the segment benchmark.
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Rental Market Overview
MERA TERRACE has recorded 32 rental transactions with monthly rents averaging $5,906/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 32 | $5,906/mo | $3,700/mo | $7,400/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 5 | $4,500/mo |
| 2022 | 6 | $5,717/mo |
| 2023 | 7 | $6,343/mo |
| 2024 | 6 | $6,167/mo |
| 2025 | 7 | $6,329/mo |
| 2026 | 1 | $6,500/mo |
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Investment Analysis
Based on average rents and sale prices, MERA TERRACE delivers an estimated gross rental yield of 2.0%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 16
Side-by-side comparison against the most actively traded condos in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PINERY RESIDENCES | 99 years leasehold | — | $2,551 psf | 549 |
| VELA BAY | 99 years leasehold | — | $2,869 psf | 371 |
| SCENECA RESIDENCE | 99 yrs lease commencing from 2021 | 268 | $2,084 psf | 269 |
| THE BAYSHORE | 99-year leasehold | 1038 | $1,234 psf | 247 |
| THE GLADES | 99 yrs lease commencing from 2013 | 726 | $1,613 psf | 226 |
Location Map
Map shows MERA TERRACE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MERA TERRACE
- Upper Changi MRT
- Simei MRT
- Expo MRT
- Expo MRT
- Singapore University of Technology and Design
- United World College of South East Asia (East)
- Angsana Primary School
Nearby MRT Stations
MERA TERRACE is 670m from Upper Changi MRT (Downtown Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Upper Changi | DT34 | Downtown Line | 670m |
| Simei | EW3 | East-West Line | 1.3 km |
| Expo | CG1 | East-West Line | 1.3 km |
| Expo | DT35 | Downtown Line | 1.3 km |
Nearby Schools
There are 8 schools within 2 km of MERA TERRACE, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Singapore University of Technology and Design | Tertiary | 600m |
| United World College of South East Asia (East) | International | 880m |
| Angsana Primary School | Primary | 1.2 km |
| North London Collegiate School Singapore | International | 1.3 km |
| Chongzheng Primary School | Primary | 1.4 km |
| Springfield Secondary School | Secondary | 1.4 km |
| Changkat Primary School | Primary | 1.5 km |
| Park View Primary School | Primary | 1.7 km |
FAQ
What is the average price for MERA TERRACE?
What is the rental yield for MERA TERRACE?
Is MERA TERRACE freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 17 transactions analysed
- Rental data: 32 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for MERA TERRACE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.