MERA SPRINGS
UrbanLens Analysis
At $1,970 PSF, MERA SPRINGS prices 23% above the District 08 median. Compare that to STURDEE RESIDENCES at $2,122 PSF -- a 7% premium that buyers need to justify. The 9-minute walk to Novena MRT (701m) is workable, though not the kind of proximity that commands a premium on its own.
The 7.5% gain in two years signals steady demand -- solid, not speculative. 4 transactions over two years is modest; the trend is directional, not definitive. For context, CITY SQUARE RESIDENCES has gained 6.7% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. Gross yield of 2.4% lags the RCR segment average of 3.5%. Investors here are betting on price growth over rental returns.
At 129 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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