Square Foot Research Singapore

Check out more Transaction Price, Rents, Trends and Analysis Data for 8M RESIDENCES on EdgeProp Singapore.
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8M RESIDENCES

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Project Information

Project Name

8M RESIDENCES

Street Name

Margate Road

Property Type

Apartment

Tenure

Freehold

District / Planning Area

D15 / Marine Parade

Completion

2016

Number of units

68 units

Indicative price range / Average*

S$ 1,987 - S$ 2,206 psf / S$ 2,097 psf

Indicative rental range / Average*

S$ 5.06 - S$ 6.18 psf pm / S$ 5.64 psf pm

Implied rental yield

3.23%

Historical high

S$ 2,261 psf in Apr 2023 for a 646-sqft unit

Indicative average price from historical high

-7.3%

Historical low

S$ 1,322 psf in Apr 2015 for a 1,421-sqft unit

Buyer profile by status#

Singaporean 75.9%, PR 16.5%, Foreigner 6.3%, Company 1.3%

Buyer profile by purchaser address#

HDB 30.6%, Private 69.4%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

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Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
8M RESIDENCES Freehold 2016 - 1,987 2,097 2,206 5.06 5.64 6.18 3.2
RIVAGE Freehold 2009 33 1,814 1,814 1,814 - - - -
MEIER SUITES Freehold 2012 61 1,608 1,745 1,881 4.11 4.11 4.11 2.8
ARTHUR 118 Freehold 2006 105 1,791 1,870 1,948 3.35 4.29 5.00 2.8
EQUATORIAL APARTMENTS Freehold 1981 152 1,734 1,748 1,762 2.76 3.10 3.27 2.1
LA MEYER Freehold 1994 211 1,816 1,816 1,816 2.76 3.22 3.87 2.1
THE VIEW @ MEYER Freehold 2009 216 2,229 2,229 2,229 4.05 4.53 4.85 2.4
THE SEAFRONT ON MEYER Freehold 2010 231 2,204 2,258 2,312 3.11 4.33 5.15 2.3
THE BELVEDERE Freehold 2007 246 2,441 2,441 2,441 4.29 4.75 5.19 2.3
THE ATRIA AT MEYER Freehold 1996 293 2,156 2,156 2,156 3.39 3.88 4.29 2.2

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

There are no nearby land sales or new launches

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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