MERAPRIME
UrbanLens Analysis
At $2,046 PSF, MERAPRIME prices 6% below the District 03 median. Compare that to ZYON GRAND at $3,046 PSF -- a 33% premium that buyers need to justify. Being 2 minutes on foot from Tiong Bahru MRT (145m) adds genuine convenience and supports the pricing.
The 13.4% gain in two years signals steady demand -- solid, not speculative. 10 transactions over two years is modest; the trend is directional, not definitive. For context, STIRLING RESIDENCES has gained 5.5% over the same period.
With ~76 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.5% tracks the RCR average of 3.5%. At $6,969/month median rent, income is market-rate -- neither a standout nor a weakness.
With 213 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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