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District 03 · Bukit Merah · RCR

Harvest Mansions

Havelock Road · Apartment · 99 yrs lease commencing from 1993

Current PSF
$0
-100.0% vs district median
Gross yield
-
median rent $4,200/mo
3-year gain
0.0%
Transactions · 5y
8
0 in last 12 months
Nearest MRT
Havelock Mrt Station · 234.768m
TEL
Future MRT
King Albert Park Mrt Station
CRL · 2032
Vs local HDB
-
HDB median $789 psf
Area income
$8,500/mo median
residential zone
En-bloc potential35 / 100
33 years old · composite of plot use, age, tenure, value gap & size
Lease decay66 years left
worth 83.6%of freehold today (Bala’s Table) · loses ~5.7pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
10%
PSF dispersion within project
3D →
Havelock Road, District 03 · 1 km P1 ring · mrt · school · food · park · mall · health · zones: parks, commercial, reserve - hover
The neighbourhood
P1 ring
River Valley Primary School 669m · Phase 2C 1.0× · Afterschool @ River Valley Primary School 669m · Alexandra Primary School 842m · Phase 2C 1.1× balloted · Zhangde Primary School 903m · Phase 2C 0.9× - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Outram Secondary School · 693m
Food
Zion Riverside Food Centre · 287m - 5 hawker centres within 1km
Green
Ganges Ave Os · 98m - 4 parks within 1km
Mall
Concorde Shopping Centre · 283m
Health
Singapore General Hospital (hospital) · 1.2km

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

TE16 Havelock MRT construction site 20201101 175823zhenkang · CC BY-SA 4.0
Zion Riverside Food Centre, exteriorKbseah · CC BY-SA 4.0

Price trend average PSF by year

2021
$1,189
2022
$1,447
+21.7%
2024
$1,392
-3.8%

Rental by bedroom

BedroomsMedian rentRental PSFYieldContracts
2BR$4,000/mo$3.81-86
3BR$7,750/mo$3.97-6

Recent transactions URA, latest 10

DatePriceArea (sqft)PSFFloor
Dec 2024$2,570,0001,981$1,29806-10
Aug 2024$1,600,0001,076$1,48606-10
Dec 2022$1,480,0001,023$1,44701-05
Sept 2021$1,228,0001,023$1,20106-10
Sept 2021$1,200,000947$1,26706-10
Aug 2021$1,220,0001,023$1,19306-10
Aug 2021$1,170,000947$1,23501-05
Aug 2021$1,100,0001,023$1,07601-05
Jul 2021$1,150,0001,023$1,12501-05
Jun 2021$1,160,000947$1,22501-05
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Grounded in this project’s data - yield, en-bloc, lease, nearby condos.

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More in District 03

The HDB blocks next door

The entry point, measured: what the resale flats around Harvest Mansions actually sell for - this project trades at 0.0× the nearest block’s PSF.

Data: URA private residential transactions & rentals (5-year window, updated weekly), data.gov.sg, OneMap, LTA DataMall. PSF and yield figures are computed from actual transactions and rental contracts - not estimates.
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Data: URA, HDB & SingStat (via data.gov.sg), OneMap © SLA, LTA DataMall, MOE - used under the Singapore Open Data Licence.