District 04 · Bukit Merah · RCR
Caribbean At Keppel Bay
Keppel Bay Drive · Condominium · 99 yrs lease commencing from 1999
Current PSF
$1,923
+13.5% vs district median
Gross yield
3.6%
median rent $7,300/mo
3-year gain
8.1%
Transactions · 5y
183
37 in last 12 months
Nearest MRT
Telok Blangah Mrt Station · 644.423m
CCL
Future MRT
West Coast Mrt Station
CRL · 2032
Vs local HDB
+144% premium
HDB median $789 psf
Area income
$8,500/mo median
residential zone
En-bloc potential32 / 100
27 years old · composite of plot use, age, tenure, value gap & size
Lease decay72 years left
worth 87.0%of freehold today (Bala’s Table) · loses ~5.8pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
+1.6%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
10%
PSF dispersion within project
The neighbourhood
Food
Telok Blangah Hawker Centre & Market · 947m
Green
King'S Dock Park · 473m - 2 parks within 1km
Mall
Depot Heights Shopping Centre · 1.6km
Health
Singhealth Polyclinics (Bukit Merah Polyclinic) (polyclinic) · 1.8km
Who lives in Bukit Merah
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
151,250
Median age
46 yrs
41% under 40 · getting older
Children 0–9
12,440
▼ 15% since 2015 · future P1 demand
Household size
2.7 avg
Homes
89% HDB
9% condo · 0% landed
Degree holders
32%
residents 15+
Commute
63% transit
17% drive
45 min+ to work
16%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Price trend average PSF by year
2021
$1,585
2022
$1,714
+8.1%
2023
$1,811
+5.7%
2024
$1,845
+1.9%
2025
$1,864
+1%
2026
$1,958
+5%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $5,300/mo | $6.24 | 3.9% | 405 |
| 3BR | $7,350/mo | $5.44 | 3.4% | 644 |
| 4BR | $10,900/mo | $5.89 | 3.7% | 152 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $3,550,000 | 1,636 | $2,170 | 01-05 |
| Jun 2026 | $2,600,000 | 1,270 | $2,047 | 01-05 |
| Jun 2026 | $2,450,000 | 1,281 | $1,913 | 06-10 |
| May 2026 | $2,750,000 | 1,324 | $2,077 | 01-05 |
| May 2026 | $2,430,000 | 1,378 | $1,764 | 01-05 |
| May 2026 | $1,730,000 | 893 | $1,936 | 01-05 |
| Apr 2026 | $2,830,000 | 1,356 | $2,087 | 06-10 |
| Mar 2026 | $2,395,000 | 1,281 | $1,870 | 01-05 |
| Mar 2026 | $2,300,000 | 1,206 | $1,908 | 01-05 |
| Mar 2026 | $1,835,000 | 904 | $2,029 | 06-10 |
HomeRadar AIlive
Ask anything about CARIBBEAN AT KEPPEL BAY
Grounded in this project’s data - yield, en-bloc, lease, nearby condos.
Sign in with Google to ask · AI-generated from this page’s data - may be inaccurate. Not financial advice.
More in District 04
The HDB blocks next door
The entry point, measured: what the resale flats around Caribbean At Keppel Bay actually sell for - this project trades at 3.4× the nearest block’s PSF.