We track 33 sales and 298 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MERAPRIME dashboard.
- Average sale price: $2,094,617 across 33 transactions
- Estimated gross rental yield: 3.5%
- District 3 PSF ranking: Mid-range (top 54%)
- 99 yrs lease commencing from 2003 · RCR · D3 · 213 units
About MERAPRIME
MERAPRIME is a 99 yrs lease commencing from 2003 condominium, located at JALAN BUKIT HO SWEE in District 3 (Tiong Bahru, Queenstown) (Rest of Central Region), developed by MCL LAND (BALMORAL 2) PTE LTD, comprising 213 residential units, completed in 2006.
With approximately 76 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MERAPRIME:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 4 | $1,907 psf | $1,601,200 |
| 3 BR | 29 | $1,858 psf | $2,162,675 |
Sales Market Overview
MERAPRIME has recorded 33 sale transactions with an average transaction price of $2,094,617, ranging from $1,481,800 to $2,830,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $1,607 psf | $1,696,960 | — |
| 2022 | 13 | $1,766 psf | $1,966,976 | ↑ 9.9% |
| 2023 | 5 | $2,002 psf | $2,079,600 | ↑ 13.3% |
| 2024 | 5 | $2,008 psf | $2,422,400 | ↑ 0.3% |
| 2025 | 4 | $2,079 psf | $2,431,722 | ↑ 3.6% |
| 2026 | 1 | $2,155 psf | $2,830,000 | ↑ 3.7% |
MERAPRIME ranks in the top 54% of condos in District 3 by average PSF.
Compared to the RCR average of $2,049 psf, MERAPRIME trades 9% below the segment benchmark.
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Rental Market Overview
MERAPRIME has recorded 298 rental transactions with monthly rents averaging $6,042/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 57 | $4,891/mo | $3,900/mo | $6,000/mo |
| 3 BR | 203 | $6,205/mo | $4,400/mo | $8,700/mo |
| 4 BR | 38 | $6,897/mo | $4,950/mo | $8,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 62 | $4,948/mo |
| 2022 | 65 | $5,752/mo |
| 2023 | 52 | $6,708/mo |
| 2024 | 56 | $6,265/mo |
| 2025 | 52 | $6,667/mo |
| 2026 | 11 | $6,681/mo |
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Investment Analysis
Based on average rents and sale prices, MERAPRIME delivers an estimated gross rental yield of 3.5%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 3
Side-by-side comparison against the most actively traded condos in District 3 (Tiong Bahru, Queenstown):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ZYON GRAND | 99 yrs lease commencing from 2024 | 1079 | $3,053 psf | 630 |
| AVENUE SOUTH RESIDENCE | 99 yrs lease commencing from 2018 | 1074 | $2,261 psf | 582 |
| STIRLING RESIDENCES | 99 yrs lease commencing from 2017 | 1259 | $2,278 psf | 463 |
| PENRITH | 99 yrs lease commencing from 2024 | 462 | $2,796 psf | 451 |
| ONE PEARL BANK | 99 yrs lease commencing from 2019 | 774 | $2,569 psf | 428 |
Location Map
Map shows MERAPRIME (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MERAPRIME
- Tiong Bahru MRT
- Havelock MRT
- Great World MRT
- Redhill MRT
- Outram Park MRT
- Gan Eng Seng School
- Gan Eng Seng Primary School
- Henderson Secondary School
Nearby MRT Stations
MERAPRIME is 130m from Tiong Bahru MRT (East-West Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Tiong Bahru | EW17 | East-West Line | 130m |
| Havelock | TE16 | Thomson-East Coast Line | 660m |
| Great World | TE15 | Thomson-East Coast Line | 1.2 km |
| Redhill | EW18 | East-West Line | 1.3 km |
| Outram Park | EW16 | East-West Line | 1.5 km |
| Outram Park | NE3 | North-East Line | 1.5 km |
| Outram Park | TE17 | Thomson-East Coast Line | 1.5 km |
Nearby Schools
There are 13 schools within 2 km of MERAPRIME, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Gan Eng Seng School | Secondary | 260m |
| Gan Eng Seng Primary School | Primary | 320m |
| Henderson Secondary School | Secondary | 800m |
| Outram Secondary School | Secondary | 960m |
| Bukit Merah Secondary School | Secondary | 1.1 km |
| Kheng Cheng School | Primary | 1.2 km |
| Cantonment Primary School | Primary | 1.2 km |
| River Valley Primary School | Primary | 1.3 km |
| Fairfield Methodist School (Primary) | Primary | 1.5 km |
| CHIJ (Kellock) | Primary | 1.5 km |
| Radin Mas Primary School | Primary | 1.5 km |
| Tanglin Secondary School | Secondary | 1.9 km |
FAQ
What is the average price for MERAPRIME?
What is the rental yield for MERAPRIME?
Is MERAPRIME 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: 33 transactions analysed
- Rental data: 298 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 MERAPRIME
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.