CASA MERAH
UrbanLens Analysis
CASA MERAH commands $1,493 PSF -- 1% above what District 16 typically fetches ($1,478 PSF). Tanah Merah MRT sits just 243m away (3-min walk), a clear connectivity win. Against BAGNALL HAUS at $2,500 PSF, the 40% discount is worth examining closely.
Prices are up 14.5% over two years, reflecting genuine buyer interest without bubble-level exuberance. 43 transactions over two years gives deep liquidity and reliable pricing signals. For context, GRANDEUR PARK RESIDENCES has gained 10.0% over the same period.
Roughly 79 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.1% tracks the OCR average of 3.4%. At $5,001/month median rent, income is market-rate -- neither a standout nor a weakness.
The 556-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| BAGNALL HAUS | $2,500 | — | 0.0% |
| SCENECA RESIDENCE | $2,067 | — | -0.8% |
| URBAN VISTA | $1,570 | 4.0% | +3.9% |
| ECO | $1,521 | 3.9% | +5.0% |
| GRANDEUR PARK RESIDENCES | $1,965 | 3.3% | +10.0% |
PSF Trend
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