Riverside Melodies
Located in District 12 (Toa Payoh, Serangoon, Balestier), Riverside Melodies is a freehold condominium in the Rest of Central Region (RCR). Completed in 2014, the development comprises 41 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
RIVERSIDE MELODIES is a freehold condominium at ST. MICHAEL'S ROAD in District 12 (RCR), developed by MELODIES LTD, comprising 41 units, completed in 2014.
Location & Connectivity
RIVERSIDE MELODIES is approximately 660m from Potong Pasir MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Potong Pasir | North-East Line | 660m |
| Boon Keng | North-East Line | 930m |
| Geylang Bahru | Downtown Line | 990m |
| Woodleigh | North-East Line | 1.5 km |
| Bendemeer | Downtown Line | 1.5 km |
Schools & Education
12 schools within 2 km (4 within 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 |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 4 | $1,531 psf | $1,648,250 |
| 4 BR | 6 | $1,484 psf | $2,198,300 |
| 5+ BR | 2 | $1,305 psf | $3,293,544 |
Market Position
RIVERSIDE MELODIES has recorded 12 sales at an average price of $2,197,491.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at RIVERSIDE MELODIES 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 | $5,250/mo | $1,648,250 | 3.82% | $319/mo |
| 4 BR | $5,125/mo | $2,198,300 | 2.80% | $233/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,385 psf | — |
| 2022 | 3 | $1,289 psf | ↓ 6.9% |
| 2023 | 2 | $1,447 psf | ↑ 12.3% |
| 2024 | 2 | $1,563 psf | ↑ 8.0% |
| 2025 | 1 | $1,709 psf | ↑ 9.3% |
| 2026 | 2 | $1,638 psf | ↓ 4.1% |
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RIVERSIDE MELODIES prices have cooled 4.1% from the 2025 peak, yet remain 18.3% above where the series began in 2021.
Price Index Check
The ShiokNest Price Index for District 12 reads 147.7 as of June 2026 — up 14.3% 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 |
|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | $2,730 psf | 741 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | $1,649 psf | 312 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | $1,845 psf | 202 |
| TREVISTA | 99 yrs lease commencing from 2008 | $1,711 psf | 150 |
| VERTICUS | Freehold | $2,127 psf | 131 |
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.
- At 41 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits mrt-walkable commuters, car-owning households, long-term hold (10+ yr) and freehold / generational hold best. MRT proximity is the standout commute feature for daily transit users.
yield-focused investors and boutique low-density (<100 units) should treat this as a shortlist candidate, not a default choice.
resort facilities should probably look elsewhere. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
Verdict
RIVERSIDE MELODIES is a freehold development in District 12 (RCR), with 41 units, offering a gross yield of 2.7%.
At ~$1,662 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full RIVERSIDE MELODIES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing RIVERSIDE MELODIES against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (300m away), an upgrader gap of about $1,300,000
- Toa Payoh — 4-room average $929,793 (590m away), an upgrader gap of about $1,250,000
- Geylang — 4-room average $761,443 (1.7 km away), an upgrader gap of about $1,450,000
FAQ
What is the average PSF for RIVERSIDE MELODIES?
Is RIVERSIDE MELODIES freehold?
What is the rental yield for RIVERSIDE MELODIES?
Which MRT is nearest to RIVERSIDE MELODIES?
Sources & Next Steps
- RIVERSIDE MELODIES Dashboard — Live charts and analytics
- URA — Official transaction data
- District 12 (Toa Payoh, Serangoon, Balestier) — District 12 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: 12 transactions
- Rental data: 15 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2026 · 12 records analysed · Source: URA private-sale caveats