We track 5 sales and 70 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE MERLOT dashboard.
- Average sale price: $1,009,600 across 5 transactions
- Estimated gross rental yield: 3.7%
- District 8 PSF ranking: Mid-range (top 65%)
- Freehold tenure · RCR · D8 · 42 units
About THE MERLOT
THE MERLOT is a freehold condominium, located at KENG LEE ROAD in District 8 (Little India) (Rest of Central Region), developed by FRAGRANCE PROPERTIES PTE LTD, comprising 42 residential units, completed in 2009.
As a freehold property, THE MERLOT does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE MERLOT:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 2 | $1,461 psf | $755,000 |
| 2 BR | 3 | $1,336 psf | $1,179,333 |
Sales Market Overview
THE MERLOT has recorded 5 sale transactions with an average transaction price of $1,009,600, ranging from $710,000 to $1,320,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,374 psf | $710,000 | — |
| 2022 | 1 | $1,131 psf | $998,000 | ↓ 17.7% |
| 2023 | 2 | $1,522 psf | $1,060,000 | ↑ 34.6% |
| 2026 | 1 | $1,382 psf | $1,220,000 | ↓ 9.2% |
THE MERLOT ranks in the top 65% of condos in District 8 by average PSF.
Compared to the RCR average of $2,049 psf, THE MERLOT trades 32.4% below the segment benchmark.
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Rental Market Overview
THE MERLOT has recorded 70 rental transactions with monthly rents averaging $3,117/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 42 | $2,851/mo | $1,800/mo | $3,500/mo |
| 2 BR | 20 | $3,335/mo | $1,100/mo | $4,500/mo |
| 3 BR | 8 | $3,969/mo | $3,150/mo | $4,750/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 9 | $2,456/mo |
| 2022 | 21 | $2,905/mo |
| 2023 | 13 | $3,323/mo |
| 2024 | 14 | $3,418/mo |
| 2025 | 9 | $3,444/mo |
| 2026 | 4 | $3,263/mo |
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Investment Analysis
Based on average rents and sale prices, THE MERLOT delivers an estimated gross rental yield of 3.7%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 8
Side-by-side comparison against the most actively traded condos in District 8 (Little India):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PICCADILLY GRAND | 99 yrs lease commencing from 2021 | 407 | $2,168 psf | 426 |
| CITYLIGHTS | 99 yrs lease commencing from 2004 | 600 | $1,767 psf | 133 |
| CITY SQUARE RESIDENCES | Freehold | 910 | $1,894 psf | 115 |
| STURDEE RESIDENCES | 99 yrs lease commencing from 2015 | 305 | $1,999 psf | 107 |
| KERRISDALE | 99 yrs lease commencing from 1998 | 481 | $1,398 psf | 91 |
Location Map
Map shows THE MERLOT (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE MERLOT
- Novena MRT
- Farrer Park MRT
- Newton MRT
- Newton MRT
- Little India MRT
- St. Margaret'
- St. Margaret'
- CHIJ Our Lady Queen of Peace
Nearby MRT Stations
THE MERLOT is 740m from Novena MRT (North-South Line), with 8 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Novena | NS20 | North-South Line | 740m |
| Farrer Park | NE8 | North-East Line | 900m |
| Newton | NS21 | North-South Line | 910m |
| Newton | DT11 | Downtown Line | 910m |
| Little India | NE7 | North-East Line | 930m |
| Little India | DT12 | Downtown Line | 930m |
| Rochor | DT13 | Downtown Line | 1.4 km |
| Jalan Besar | DT22 | Downtown Line | 1.4 km |
Nearby Schools
There are 17 schools within 2 km of THE MERLOT, including 3 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| St. Margaret's Secondary School | Secondary | 240m |
| St. Margaret's Primary School | Primary | 320m |
| CHIJ Our Lady Queen of Peace | Primary | 590m |
| LASALLE College of the Arts | Tertiary | 1.1 km |
| Farrer Park Primary School | Primary | 1.1 km |
| Singapore Chinese Girls' School (Primary) | Primary | 1.1 km |
| ACS (Junior) | Primary | 1.1 km |
| Anglo-Chinese School (Primary) | Primary | 1.2 km |
| St. Anthony's Primary School | Primary | 1.5 km |
| St. Joseph's Institution | Secondary | 1.5 km |
| St. Andrew's Secondary School | Secondary | 1.7 km |
| St. Andrew's Junior College | Jc | 1.7 km |
FAQ
What is the average price for THE MERLOT?
What is the rental yield for THE MERLOT?
Is THE MERLOT 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: 5 transactions analysed
- Rental data: 70 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 THE MERLOT
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.