We track 9 sales and 61 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MERALODGE dashboard.
- Average sale price: $2,087,000 across 9 transactions
- Estimated gross rental yield: 2.1%
- District 23 PSF ranking: Mid-range (top 56%)
- Freehold tenure · OCR · D23 · 87 units
About MERALODGE
MERALODGE is a freehold condominium, located at HILLVIEW AVENUE in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by CCL PROPERTIES (HILLVIEW) PTE LTD, comprising 87 residential units, completed in 1997.
As a freehold property, MERALODGE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MERALODGE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 3 | $1,245 psf | $1,381,667 |
| 4 BR | 5 | $1,362 psf | $2,317,600 |
| 5+ BR | 1 | $1,592 psf | $3,050,000 |
Sales Market Overview
MERALODGE has recorded 9 sale transactions with an average transaction price of $2,087,000, ranging from $1,280,000 to $3,050,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,101 psf | $1,280,000 | — |
| 2022 | 1 | $1,182 psf | $1,285,000 | ↑ 7.3% |
| 2023 | 1 | $1,266 psf | $2,180,000 | ↑ 7.1% |
| 2024 | 2 | $1,345 psf | $2,325,000 | ↑ 6.3% |
| 2025 | 4 | $1,474 psf | $2,347,000 | ↑ 9.6% |
MERALODGE ranks in the top 56% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, MERALODGE trades 13% below the segment benchmark.
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Rental Market Overview
MERALODGE has recorded 61 rental transactions with monthly rents averaging $3,721/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 30 | $3,253/mo | $2,250/mo | $4,500/mo |
| 3 BR | 25 | $4,068/mo | $2,600/mo | $5,500/mo |
| 4 BR | 6 | $4,617/mo | $3,650/mo | $5,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 12 | $2,888/mo |
| 2022 | 11 | $3,273/mo |
| 2023 | 13 | $4,235/mo |
| 2024 | 10 | $4,210/mo |
| 2025 | 11 | $3,982/mo |
| 2026 | 4 | $3,850/mo |
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Investment Analysis
Based on average rents and sale prices, MERALODGE delivers an estimated gross rental yield of 2.1%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Location Map
Map shows MERALODGE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MERALODGE
- Hume MRT
- Hillview MRT
- Bukit Gombak MRT
- Bukit Batok MRT
- Bukit View Primary School
- Princess Elizabeth Primary School
- Huamin Primary School
Nearby MRT Stations
MERALODGE is 440m from Hume MRT (Downtown Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Hume | DT4 | Downtown Line | 440m |
| Hillview | DT3 | Downtown Line | 1.2 km |
| Bukit Gombak | NS3 | North-South Line | 1.2 km |
| Bukit Batok | NS2 | North-South Line | 1.4 km |
Nearby Schools
There are 3 schools within 2 km of MERALODGE, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 570m |
| Princess Elizabeth Primary School | Primary | 1.2 km |
| Huamin Primary School | Primary | 1.8 km |
FAQ
What is the average price for MERALODGE?
What is the rental yield for MERALODGE?
Is MERALODGE 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: 9 transactions analysed
- Rental data: 61 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 MERALODGE
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.