Square Foot Research Singapore

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MERA SPRINGS

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Project Information

Project Name

MERA SPRINGS

Street Name

Carlisle Road

Property Type

Condominium

Tenure

Freehold

District / Planning Area

D8 / Kallang

Completion

2008

Number of units

129 units

Indicative price range / Average*

S$ 1,858 - S$ 1,871 psf / S$ 1,865 psf

Indicative rental range / Average*

S$ 3.42 - S$ 4.62 psf pm / S$ 4.04 psf pm

Implied rental yield

2.60%

Historical high

S$ 1,871 psf in Feb 2023 for a 1,550-sqft unit

Indicative average price from historical high

-0.3%

Historical low

S$ 608 psf in May 2006 for a 1,152-sqft unit

Buyer profile by status#

Singaporean 82.6%, PR 9.7%, Foreigner 6.5%, Company 1.2%

Buyer profile by purchaser address#

HDB 34.0%, Private 66.0%

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

Location

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
(%)
MERA SPRINGS Freehold 2008 - 1,858 1,865 1,871 3.42 4.02 4.62 2.6
THE MERLOT Freehold 2009 71 1,495 1,522 1,548 4.12 5.55 6.36 4.4
6 DERBYSHIRE Freehold 2017 131 2,174 2,174 2,174 4.71 6.03 8.00 3.3
ADRIA Freehold 2013 188 2,002 2,002 2,002 5.29 6.45 7.54 3.9
FYVE DERBYSHIRE Freehold Uncompleted 194 2,400 2,400 2,400 - - - -
LUCIDA Freehold 2011 207 1,648 1,648 1,648 3.93 5.40 6.46 3.9
KENG LEE COURT Freehold 1985 218 1,437 1,437 1,437 4.00 4.28 4.62 3.6
THE URBANITE Freehold 2014 233 1,253 1,419 1,584 4.62 4.96 5.78 4.2
VANADIUM Freehold 2007 246 1,597 1,597 1,597 4.67 4.71 4.76 3.5
LION TOWERS Freehold - 249 1,735 1,735 1,735 2.43 3.00 3.41 2.1

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

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Status Name Location Land attributes Estimated Breakeven

on 30 May 2018

(Now known as Neu at Novena)

Street
Site use Residential
Sale Type
Tenure fh
Site area (sqm) 2,062.2
Site GFA (sqm) 6,689.3
Highest bid ($m) 106.0
Highest bid ($psf) 1,472.2
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer RH Novena Pte Ltd (Roxy-Pacific)

on 8 Nov 2017

(Now known as 35 Gilstead)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 3,528.0
Site GFA (sqm) 4,939.0
Highest bid ($m) 87.1
Highest bid ($psf) 1,638.0
Number of bids 11
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Tee Land

on 13 Dec 2017

(Now known as Fyve Derbyshire)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 1,719.3
Site GFA (sqm) 4,938.1
Highest bid ($m) 73.9
Highest bid ($psf) 1,390.0
Number of bids 7
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Roxy-Pacific Holdings

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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