Meraprime

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  2
 2
 0

Sale Price *

Average
S$ 2,020 psf
Range
S$ 1,906 - 2,153 psf

Rental Price **

Average
S$ 6.0 psf pm
Range
S$ 5.1 - 7.1 psf pm

Rental Yield **

3.6%

Rental income expressed as a percentage of the property's value.

Amenities

3.6
3.6

Convenience

4.2
4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Meraprime is a leasehold (99 yrs from 2003) condominium completed in 2006. It is developed by MCL LAND (BALMORAL 2) PTE LTD and designed by RSP ARCHITECTS PLANNERS & ENGINEERS (PTE) LTD. The development occupies a land area of 5,111 sqm and a Gross Floor Area of 21,466 sqm. It consists of 213 units. According to records, buyers of this development are Singaporean 65.6%, PR 19.6%, Foreigner 14.8%, Company 0.0%.

MERAPRIME is located along Jalan Bukit Ho Swee in Bukit Merah, in District 3. It is accessible through the nearest MRTs including Tiong Bahru EW17 and Havelock TE16.

Based on transaction data in the last 12 months, sale prices range from S$ 1,906 psf to S$ 2,153 psf at an average of S$ 2,020 psf. Its highest recorded transaction was S$ 2,153 psf in Dec 2023 for a 840-sqft unit. Its lowest recorded transaction was S$ 538 psf in May 2005 for a 1,119-sqft unit. Its current rental yield is at 3.6%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, YOUR GROCER PRIVATE LIMITED, NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Shopping Mall(s): TIONG BAHRU PLAZA, VALLEY POINT SHOPPING CENTRE, CONCORDE SHOPPING CENTRE.

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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5
"Very nice condo"
O* G**
Google Review     |   05 Jun 2022
4
"Its was fun but kinda boring"
S****** C****
Google Review     |   26 Apr 2021
2
"The place is rather nice with friendly neighbors. But as a visitor, the guardhouse was a nightmare. Guard is happily stationed in his little air conditioned room while using his fingers and waving around, expecting guests to stand in the hot sun, scan and fill up a form full of unnecessary information, followed by demanding identification card even though it was against the law. Rarely see such rude behaviors considering that these staffs are the first things that people sees whenever they enter the condo."
J R
Google Review     |   13 Apr 2021
5
"Home sweet home! I see many cars in the car park downstairs everyday in contrary to the 1-star review. What is he talking about!"
I**** C
Google Review     |   07 Feb 2021
1
"Given the good location, which I agree with. I think the asking rent price for the apartment units are ridiculous. 5k plus for a 3 bedroom apartment with such pitiful condo facilities The facilities are not even well maintained. Interior of many units are so dated. I could find a HDB 3 bedroom for half of the price and beautifully renovated on a high floor. I rather rent for the HDB apartment next door, on a higher floor with all the convenience and nice views. I will still have excess for gym membership or country club membership. Hardly any car in the basement showing that this is mainly a cash cow for landlords milking away tenants. Seriously, an old condominium asking for the sky with no efforts made to provide value for tenants."
A***** P***
Google Review     |   01 Feb 2021
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

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SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
301
1
2

MERAPRIME - 301 - 1 - 2

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of MERAPRIME (Limited to 10)

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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of MERAPRIME

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of MERAPRIME

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

View More

thumb-images
10
$2,345,000

    • 3 beds
    • 3 baths
    • Condominium
    • D3
    • 2006
    • 99 years
    • S$ 2,100 psf
    • Jalan Bukit Ho Swee
    Bill Singh
    send_enquiry
    thumb-images
    10
    $2,750,000

      • 4 beds
      • 3 baths
      • Condominium
      • D3
      • 2006
      • 99 years
      • S$ 2,090 psf
      • Jalan Bukit Ho Swee
      Edward Tan
      send_enquiry
      thumb-images
      10
      $2,350,000

        • 3 beds
        • 3 baths
        • Condominium
        • D3
        • 2006
        • 99 years
        • S$ 2,100 psf
        • Jalan Bukit Ho Swee
        Frederick Foo
        send_enquiry

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        FAQs about MERAPRIME

        What is the nearest MRT Station to MERAPRIME ?
        The nearest MRT Station from MERAPRIME is Tiong Bahru EW17 MRT

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