Melrose Park
Melrose Park is a 999-year leasehold condominium located in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin), part of the Core Central Region (CCR). The development was completed in 2000 and comprises 170 units, on a lease that commenced in 1877. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
MELROSE PARK is a 999 yrs lease commencing from 1877 condominium at KELLOCK ROAD in District 10 (CCR), developed by DBS REALTY (PRIVATE) LIMITED (DBS LAND GROUP), comprising 170 units, completed in 2000.
Location & Connectivity
MELROSE PARK is approximately 460m from Great World MRT station, with 7 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Great World | Thomson-East Coast Line | 460m |
| Havelock | Thomson-East Coast Line | 610m |
| Tiong Bahru | East-West Line | 880m |
| Orchard Boulevard | Thomson-East Coast Line | 1.1 km |
| Somerset | North-South Line | 1.2 km |
| Orchard | North-South Line | 1.2 km |
Schools & Education
19 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Kheng Cheng School | Primary | 470m |
| Gan Eng Seng School | Secondary | 650m |
| Gan Eng Seng Primary School | Primary | 660m |
| Fairfield Methodist School (Primary) | Primary | 980m |
| Outram Secondary School | Secondary | 1.2 km |
| Henderson Secondary School | Secondary | 1.3 km |
| River Valley Primary School | Primary | 1.3 km |
| CHIJ (Kellock) | Primary | 1.4 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 5 | $2,541 psf | $3,366,000 |
| 4 BR | 4 | $2,690 psf | $4,575,700 |
| 5+ BR | 2 | $1,747 psf | $7,144,400 |
Market Position
MELROSE PARK has recorded 11 sales at an average price of $4,492,873.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at MELROSE PARK typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 3 BR | $6,907/mo | $3,366,000 | 2.46% | $205/mo |
| 4 BR | $8,039/mo | $4,575,700 | 2.11% | $176/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 3 | $2,038 psf | — |
| 2022 | 1 | $2,081 psf | ↑ 2.1% |
| 2023 | 1 | $2,555 psf | ↑ 22.8% |
| 2025 | 3 | $2,599 psf | ↑ 1.7% |
| 2026 | 3 | $2,804 psf | ↑ 7.9% |
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MELROSE PARK prices sit at a fresh series high after a 7.9% gain on the prior period, now 37.6% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 10 reads 113.4 as of June 2026 — down 2.0% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | $2,946 psf | 666 |
| LEEDON GREEN | Freehold | $2,786 psf | 575 |
| D'LEEDON | 99 yrs lease commencing from 2010 | $1,869 psf | 453 |
| D'LEEDON | — | $1,889 psf | 416 |
| HYLL ON HOLLAND | Freehold | $2,649 psf | 328 |
What Could Work Against You
- Only 3 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
Best suited for
Who This Actually Suits
This is a strong match for mrt-walkable commuters, sea-view / waterfront, long-term hold (10+ yr) and en-bloc speculators. Located ~463m from Great World MRT, this property is a comfortable daily walk for transit commuters.
For foreign / absd-aware buyers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for yield-focused investors and cpf-only buyers — other options likely serve them better. CCR (Core Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
MELROSE PARK is a 999 yrs lease commencing from 1877 development in District 10 (CCR), with 170 units, offering a gross yield of 1.9%.
At ~$2,702 psf, it reflects its premium CCR positioning.
Explore the full MELROSE PARK dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing MELROSE PARK against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Merah — 4-room average $894,787 (250m away), an upgrader gap of about $3,600,000
- Central Area — 4-room average $1,088,814 (1 km away), an upgrader gap of about $3,400,000
- Queenstown — 4-room average $1,002,705 (1.7 km away), an upgrader gap of about $3,500,000
FAQ
What is the average PSF for MELROSE PARK?
Is MELROSE PARK freehold?
What is the rental yield for MELROSE PARK?
Which MRT is nearest to MELROSE PARK?
Sources & Next Steps
- MELROSE PARK Dashboard — Live charts and analytics
- URA — Official transaction data
- District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) — District 10 neighbourhood guide
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
- Rental data: 259 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 11 records analysed · Source: URA private-sale caveats