We track 11 sales and 15 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the RIVERSIDE MELODIES dashboard.
- Average sale price: $2,233,626 across 11 transactions
- Estimated gross rental yield: 2.7%
- District 12 PSF ranking: Above average (top 48%)
- Freehold tenure · RCR · D12 · 41 units
About RIVERSIDE MELODIES
RIVERSIDE MELODIES is a freehold condominium, located at ST. MICHAEL'S ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by MELODIES LTD, comprising 41 residential units, completed in 2014.
As a freehold property, RIVERSIDE MELODIES does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at RIVERSIDE MELODIES:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 3 | $1,484 psf | $1,597,667 |
| 4 BR | 6 | $1,484 psf | $2,198,300 |
| 5+ BR | 2 | $1,305 psf | $3,293,544 |
Sales Market Overview
RIVERSIDE MELODIES has recorded 11 sale transactions with an average transaction price of $2,233,626, ranging from $1,463,000 to $3,600,288.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,385 psf | $1,733,400 | — |
| 2022 | 3 | $1,289 psf | $2,925,696 | ↓ 6.9% |
| 2023 | 2 | $1,447 psf | $1,800,000 | ↑ 12.3% |
| 2024 | 2 | $1,563 psf | $2,009,000 | ↑ 8.0% |
| 2025 | 1 | $1,709 psf | $2,428,000 | ↑ 9.3% |
| 2026 | 1 | $1,605 psf | $2,280,000 | ↓ 6.1% |
RIVERSIDE MELODIES ranks in the top 48% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, RIVERSIDE MELODIES trades 29.2% below the segment benchmark.
Loading chart data...
Rental Market Overview
RIVERSIDE MELODIES has recorded 15 rental transactions with monthly rents averaging $4,967/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 3 | $4,167/mo | $4,000/mo | $4,300/mo |
| 3 BR | 4 | $5,250/mo | $4,900/mo | $6,200/mo |
| 4 BR | 8 | $5,125/mo | $4,800/mo | $5,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2023 | 5 | $5,240/mo |
| 2024 | 3 | $4,833/mo |
| 2025 | 6 | $4,817/mo |
| 2026 | 1 | $4,900/mo |
Loading chart data...
Investment Analysis
Based on average rents and sale prices, RIVERSIDE MELODIES delivers an estimated gross rental yield of 2.7%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,645 psf | 306 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows RIVERSIDE MELODIES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- RIVERSIDE MELODIES
- Potong Pasir MRT
- Boon Keng MRT
- Geylang Bahru MRT
- Woodleigh MRT
- Bendemeer MRT
- Bendemeer Primary School
- Bendemeer Secondary School
- Stamford Primary School
Nearby MRT Stations
RIVERSIDE MELODIES is 660m from Potong Pasir MRT (North-East Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Potong Pasir | NE10 | North-East Line | 660m |
| Boon Keng | NE9 | North-East Line | 930m |
| Geylang Bahru | DT24 | Downtown Line | 990m |
| Woodleigh | NE11 | North-East Line | 1.5 km |
| Bendemeer | DT23 | Downtown Line | 1.5 km |
Nearby Schools
There are 12 schools within 2 km of RIVERSIDE MELODIES, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bendemeer Primary School | Primary | 650m |
| Bendemeer Secondary School | Secondary | 650m |
| Stamford Primary School | Primary | 960m |
| Assumption Pathway School | Secondary | 960m |
| Hong Wen School | Primary | 1.3 km |
| Balestier Hill Primary School | Primary | 1.3 km |
| School of Science and Technology | Jc | 1.4 km |
| Beatty Secondary School | Secondary | 1.5 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.5 km |
| De La Salle School | Primary | 1.6 km |
| Farrer Park Primary School | Primary | 1.8 km |
| CHIJ Our Lady Queen of Peace | Primary | 2.0 km |
FAQ
What is the average price for RIVERSIDE MELODIES?
What is the rental yield for RIVERSIDE MELODIES?
Is RIVERSIDE MELODIES 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: 11 transactions analysed
- Rental data: 15 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 RIVERSIDE MELODIES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.