We track 35 sales and 225 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MERAWOODS dashboard.
- Average sale price: $1,913,911 across 35 transactions
- Estimated gross rental yield: 2.4%
- District 23 PSF ranking: Mid-range (top 55%)
- 999 yrs lease commencing from 1885 · OCR · D23 · 305 units
About MERAWOODS
MERAWOODS is a 999 yrs lease commencing from 1885 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 305 residential units, completed in 1999.
With approximately 72 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 MERAWOODS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 25 | $1,331 psf | $1,647,516 |
| 4 BR | 4 | $1,382 psf | $2,030,750 |
| 5+ BR | 6 | $1,437 psf | $2,946,000 |
Sales Market Overview
MERAWOODS has recorded 35 sale transactions with an average transaction price of $1,913,911, ranging from $1,080,000 to $3,238,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 9 | $1,151 psf | $1,437,222 | — |
| 2022 | 7 | $1,326 psf | $1,965,143 | ↑ 15.2% |
| 2023 | 5 | $1,405 psf | $1,692,600 | ↑ 6.0% |
| 2024 | 5 | $1,430 psf | $2,275,600 | ↑ 1.8% |
| 2025 | 8 | $1,513 psf | $2,171,861 | ↑ 5.8% |
| 2026 | 1 | $1,506 psf | $3,080,000 | ↓ 0.5% |
MERAWOODS ranks in the top 55% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, MERAWOODS trades 12.6% below the segment benchmark.
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Rental Market Overview
MERAWOODS has recorded 225 rental transactions with monthly rents averaging $3,775/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 80 | $3,149/mo | $2,000/mo | $4,300/mo |
| 3 BR | 127 | $3,903/mo | $2,300/mo | $5,300/mo |
| 4 BR | 18 | $5,658/mo | $3,450/mo | $7,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 40 | $2,761/mo |
| 2022 | 41 | $3,440/mo |
| 2023 | 45 | $4,191/mo |
| 2024 | 44 | $3,991/mo |
| 2025 | 43 | $4,290/mo |
| 2026 | 12 | $4,108/mo |
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Investment Analysis
Based on average rents and sale prices, MERAWOODS delivers an estimated gross rental yield of 2.4%. 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 MERAWOODS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MERAWOODS
- Hume MRT
- Bukit Gombak MRT
- Hillview MRT
- Bukit Batok MRT
- Bukit View Primary School
- Princess Elizabeth Primary School
- Huamin Primary School
Nearby MRT Stations
MERAWOODS is 740m from Hume MRT (Downtown Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Hume | DT4 | Downtown Line | 740m |
| Bukit Gombak | NS3 | North-South Line | 900m |
| Hillview | DT3 | Downtown Line | 1.2 km |
| Bukit Batok | NS2 | North-South Line | 1.3 km |
Nearby Schools
There are 3 schools within 2 km of MERAWOODS, including 2 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 420m |
| Princess Elizabeth Primary School | Primary | 940m |
| Huamin Primary School | Primary | 1.7 km |
FAQ
What is the average price for MERAWOODS?
What is the rental yield for MERAWOODS?
Is MERAWOODS 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: 35 transactions analysed
- Rental data: 225 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 MERAWOODS
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