THE MERCURY

SHANGHAI ROAD
RESALE CONDODistrict 10
Great World MRT · 10 min walk (761m)CCRFreehold
Gross Yield
3.8%
Median Rent
$4,198
per month
Total Units
67
2Y PSF Change
+4.7%
4 txns in 24m
Median PSF
2,116
▼ 5.4% QoQ
Total Sales
12
since 2021-05
Price Range
$1.3M–$2.4M
all-time
Unit Size
771 sqft
Floors 1–16

UrbanLens Analysis

THE MERCURY trades at $2,118 PSF, sitting NaN% below the District 10 median of $0 PSF. At 10 minutes from Great World MRT (761m), transit access is passable but not a differentiator.

Prices have essentially flatlined over two years (+4.7%), suggesting a market in equilibrium. 4 transactions over two years is modest; the trend is directional, not definitive.

Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. At 3.8% gross yield versus the CCR average of 0.0%, rental returns are above-market. The $4,198/month median rent makes this genuinely compelling for income investors.

The 67-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.

PSF Trend

Quarterly
1,896
2022-Q2
2,000
2022-Q3
2,096
2023-Q2
2,047
2023-Q3
2,078
2024-Q1
2,039
2024-Q2
2,279
2025-Q2
2,157
2025-Q3

Recent Transactions

Data refreshed monthly · Last transaction: Aug 2025
DatePriceSizePSFFloor
Aug 2025$1,370,000635 sqft$2,15706-10
May 2025$2,380,0001,044 sqft$2,27906-10
May 2024$1,295,000635 sqft$2,03906-10
Mar 2024$1,320,000635 sqft$2,07811-15
Aug 2023$1,300,000635 sqft$2,04701-05
Jun 2023$2,188,8881,044 sqft$2,09611-15
Jul 2022$1,270,000635 sqft$2,00001-05
Jun 2022$1,980,0001,044 sqft$1,89606-10
Mar 2022$1,285,000635 sqft$2,02311-15
Feb 2022$1,340,000635 sqft$2,11016-20
Showing 10 of 12 transactions

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