MELOSA
UrbanLens Analysis
MELOSA commands $1,527 PSF -- 3% above what District 14 typically fetches ($1,488 PSF). Aljunied MRT is 520m away (7-min walk), functional but not a headline selling point. Against PARC ESTA at $2,271 PSF, the 33% discount is worth examining closely.
Prices are up 5.3% over two years, reflecting genuine buyer interest without bubble-level exuberance. 4 transactions over two years is modest; the trend is directional, not definitive. For context, PARK PLACE RESIDENCES AT PLQ has gained 4.8% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At 54 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC ESTA | $2,271 | 3.6% | +7.8% |
| PENROSE | $2,092 | 3.3% | +18.8% |
| SIMS URBAN OASIS | $1,903 | 4.0% | +11.3% |
| EUHABITAT | $1,414 | 4.2% | +3.1% |
| PARK PLACE RESIDENCES AT PLQ | $2,254 | 3.8% | +4.8% |
PSF Trend
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