Square Foot Research Singapore

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OPTIMA @ TANAH MERAH

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Project Information

Project Name

OPTIMA @ TANAH MERAH

Street Name

Tanah Merah Kechil Avenue

Property Type

Condominium

Tenure

99 Yrs FROM 2008

District / Planning Area

D16 / Bedok

Completion

2012

Number of units

297 units

Indicative price range / Average*

S$ 1,140 - S$ 1,510 psf / S$ 1,412 psf

Indicative rental range / Average*

S$ 3.58 - S$ 7.22 psf pm / S$ 4.93 psf pm

Implied rental yield

4.19%

Historical high

S$ 1,631 psf in Jan 2013 for a 484-sqft unit

Indicative average price from historical high

-13.4%

Historical low

S$ 586 psf in Aug 2009 for a 1,884-sqft unit

Buyer profile by status#

Singaporean 81.1%, PR 12.5%, Foreigner 5.0%, Company 1.4%

Buyer profile by purchaser address#

HDB 41.6%, Private 58.4%

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
(%)
OPTIMA @ TANAH MERAH 99 Yrs FROM 2008 2012 - 1,140 1,412 1,510 3.58 4.92 7.22 4.2
THE GLADES 99 yrs FROM 2013 2016 172 1,556 1,676 1,816 4.19 5.98 7.87 4.3
CASA MERAH 99 yrs FROM 2006 2009 178 1,303 1,380 1,442 2.97 4.16 4.95 3.6
EAST MEADOWS 99 yrs FROM 1998 2002 265 1,214 1,218 1,222 3.04 3.74 4.41 3.7
URBAN VISTA 99 yrs FROM 2012 2016 280 1,230 1,534 1,724 2.82 5.23 7.78 4.1
GRANDEUR PARK RESIDENCES 99 yrs FROM 2016 2020 359 1,570 1,844 2,001 5.26 6.67 8.22 4.3
EAST VILLAGE Freehold 2014 421 1,853 1,853 1,853 2.77 5.00 6.33 3.2
PALMWOODS 99 yrs FROM 1996 1999 450 833 833 833 2.76 2.76 2.76 4.0
THE TANAMERA 99 Yrs FROM 1990 1994 461 1,120 1,120 1,120 2.90 3.48 4.21 3.7
STRATFORD COURT 99 Yrs FROM 1995 1998 490 929 1,028 1,101 2.88 3.64 4.11 4.3

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

The developer's estimated breakeven is for subscribers only. Subscribe now to see every bit of information!
Status Name Location Land attributes Estimated Breakeven

on 14 Feb 2012

(Now known as ECO)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 28,644.5
Site GFA (sqm) 60,154.0
Highest bid ($m) 345.9
Highest bid ($psf) 534.2
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 Far East & Frasers & Sekisui

on 22 Oct 2012

(Now known as The Glades)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 31,881.5
Site GFA (sqm) 51,011.0
Highest bid ($m) 434.6
Highest bid ($psf) 791.4
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 Keppel Land

on 6 Aug 2012

(Now known as Urban Vista)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 13,998.5
Site GFA (sqm) 39,196.0
Highest bid ($m) 285.2
Highest bid ($psf) 676.0
Number of bids 14
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 Fragrance / Aspial

on 26 Feb 2016

(Now known as Grandeur Park Residences)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 24,394.0
Site GFA (sqm) 51,228.0
Highest bid ($m) 419.4
Highest bid ($psf) 760.6
Number of bids 8
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 CEL Residential Development Pte. Ltd.

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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