THE MERLOT
UrbanLens Analysis
THE MERLOT is a boutique freehold development of 42 units on KENG LEE ROAD in District 08. Located 9 minutes on foot from Novena MRT, it benefits from reasonable rail connectivity. However, there have been no meaningful resale transactions in recent periods, making current market pricing opaque.
Without recent transaction data, buyers must rely on the competitive set for pricing guidance. Nearby STURDEE RESIDENCES trades at $2,122 PSF with a 3.88% gross yield and has moved +7.6% recently. CITYLIGHTS at $1,921 PSF provides another reference point (3.4% yield), having shifted +8.6%. CITY SQUARE RESIDENCES ($2,072 PSF) rounds out the local competitive picture.
District 08 private stock carries a median of $1,607 PSF and an average gross yield of 3.84%. With only 42 units, THE MERLOT is a boutique project where liquidity is inherently thin. Prospective buyers in this city fringe pocket should factor in limited price discovery and potential resale difficulty when evaluating entry.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| STURDEE RESIDENCES | $2,122 | 3.9% | +7.6% |
| CITYLIGHTS | $1,921 | 3.4% | +8.6% |
| CITY SQUARE RESIDENCES | $2,072 | 2.9% | +6.7% |
| CITYSCAPE @FARRER PARK | $1,677 | 2.8% | +7.9% |
| KERRISDALE | $1,616 | 3.3% | +17.4% |
PSF Trend
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