MELROSE PARK
UrbanLens Analysis
MELROSE PARK commands $2,635 PSF -- 20% above what District 10 typically fetches ($2,197 PSF). Great World MRT sits just 386m away (5-min walk), a clear connectivity win. Against 19 NASSIM at $3,381 PSF, the 22% discount is worth examining closely.
Prices are up 13.7% 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, D'LEEDON has gained 10.0% 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 2.4% lags the CCR segment average of 3.0%. Investors here are betting on price growth over rental returns.
At 170 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.