MERAWOODS
UrbanLens Analysis
At $1,472 PSF, MERAWOODS prices 0% above the District 23 median. Compare that to HILLHAVEN at $2,133 PSF -- a 31% premium that buyers need to justify. The 11-minute walk to Bukit Gombak MRT (914m) is workable, though not the kind of proximity that commands a premium on its own.
The 6.5% gain in two years signals steady demand -- solid, not speculative. With 13 deals in two years, the pricing data has reasonable statistical weight. For context, SOL ACRES has gained 7.7% over the same period.
The 999-year lease is freehold in all but name. Lease decay is irrelevant for any practical investment horizon, and financing terms mirror true freehold. Gross yield of 2.7% lags the OCR segment average of 3.4%. Investors here are betting on price growth over rental returns.
The 305-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| HILLHAVEN | $2,133 | — | +3.3% |
| LUMINA GRAND | $1,517 | — | -0.6% |
| SOL ACRES | $1,467 | — | +7.7% |
| THE MYST | $2,071 | — | -0.4% |
| THE BOTANY AT DAIRY FARM | $2,010 | — | -2.4% |
PSF Trend
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