Meralodge
Meralodge is a freehold condominium located in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang), part of the Outside Central Region (OCR). The development was completed in 1997 and comprises 87 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
MERALODGE is a freehold condominium at HILLVIEW AVENUE in District 23 (OCR), developed by CCL PROPERTIES (HILLVIEW) PTE LTD, comprising 87 units, completed in 1997.
Location & Connectivity
MERALODGE is approximately 440m from Hume MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Hume | Downtown Line | 440m |
| Hillview | Downtown Line | 1.2 km |
| Bukit Gombak | North-South Line | 1.2 km |
| Bukit Batok | North-South Line | 1.4 km |
Schools & Education
3 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Bukit View Primary School | Primary | 570m |
| Princess Elizabeth Primary School | Primary | 1.2 km |
| Huamin Primary School | Primary | 1.8 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 3 | $1,245 psf | $1,381,667 |
| 4 BR | 5 | $1,362 psf | $2,317,600 |
| 5+ BR | 1 | $1,592 psf | $3,050,000 |
Market Position
MERALODGE has recorded 9 sales at an average price of $2,087,000.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at MERALODGE 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 | $4,068/mo | $1,381,667 | 3.53% | $294/mo |
| 4 BR | $4,617/mo | $2,317,600 | 2.39% | $199/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,101 psf | — |
| 2022 | 1 | $1,182 psf | ↑ 7.3% |
| 2023 | 1 | $1,266 psf | ↑ 7.1% |
| 2024 | 2 | $1,345 psf | ↑ 6.3% |
| 2025 | 4 | $1,474 psf | ↑ 9.6% |
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The latest reading marks the highest point in this series — MERALODGE prices have climbed 33.9% since 2021.
Price Index Check
The ShiokNest Price Index for District 23 reads 125.7 as of June 2026 — up 2.1% 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 |
|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | $1,390 psf | 572 |
| MIDWOOD | 99 yrs lease commencing from 2018 | $1,737 psf | 546 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | $1,661 psf | 459 |
| THE MYST | 99 yrs lease commencing from 2023 | $2,093 psf | 390 |
What Could Work Against You
- With just 4 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
Best suited for
Who This Actually Suits
The profile fits long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units) best. Freehold tenure removes lease-decay drag for a 10+ year hold.
For mrt-walkable commuters and heavy renovation / value seekers, it can work — but weigh the trade-offs before committing.
yield-focused investors should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
MERALODGE is a freehold development in District 23 (OCR), with 87 units, offering a gross yield of 2.1%.
At ~$1,474 psf, it represents a competitive entry point in the OCR segment.
Explore the full MERALODGE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing MERALODGE against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Batok — 4-room average $626,224 (420m away), an upgrader gap of about $1,450,000
- Central Area — 4-room average $1,088,814 (1.7 km away), an upgrader gap of about $1,000,000
FAQ
What is the average PSF for MERALODGE?
Is MERALODGE freehold?
What is the rental yield for MERALODGE?
Which MRT is nearest to MERALODGE?
Sources & Next Steps
- MERALODGE Dashboard — Live charts and analytics
- URA — Official transaction data
- District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) — District 23 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: 9 transactions
- Rental data: 61 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Dec 2025 · 9 records analysed · Source: URA private-sale caveats