District 03 · Bukit Merah · RCR
Meraprime
Jalan Bukit Ho Swee · Condominium · 99 yrs lease commencing from 2003
Current PSF
$2,198
+0.0% vs district median
Gross yield
3.2%
median rent $6,800/mo
3-year gain
11.3%
Transactions · 5y
30
3 in last 12 months
Nearest MRT
Tiong Bahru Mrt Station · 127.8m
EWL
Future MRT
West Coast Mrt Station
CRL · 2032
Vs local HDB
+179% premium
HDB median $789 psf
Area income
$8,500/mo median
residential zone
En-bloc potential30 / 100
23 years old · composite of plot use, age, tenure, value gap & size
Lease decay76 years left
worth 89.0%of freehold today (Bala’s Table) · loses ~5.4pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
+4.5%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
5%
PSF dispersion within project
The neighbourhood
P1 ring
Zhangde Primary School 375m · Phase 2C 0.9× · Alexandra Primary School 603m · Phase 2C 1.1× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Outram Secondary School · 1.0km
Food
Beo Crescent Market · 202m - 6 hawker centres within 1km
Green
Kim Pong Park · 439m - 3 parks within 1km
Mall
Valley Point Shopping Centre · 666m
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
Price trend average PSF by year
2021
$1,635
2022
$1,766
+8%
2023
$2,002
+13.4%
2024
$2,008
+0.3%
2025
$2,079
+3.5%
2026
$2,228
+7.2%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 2BR | $5,000/mo | $5.88 | 3.2% | 51 |
| 3BR | $6,500/mo | $5.65 | 3.1% | 179 |
| 4BR | $7,100/mo | $5.26 | 2.9% | 34 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| May 2026 | $3,020,000 | 1,313 | $2,300 | 06-10 |
| Feb 2026 | $2,830,000 | 1,313 | $2,155 | 31-35 |
| Aug 2025 | $2,350,000 | 1,098 | $2,140 | 16-20 |
| Jun 2025 | $2,288,888 | 1,098 | $2,085 | 21-25 |
| Apr 2025 | $2,388,000 | 1,173 | $2,035 | 11-15 |
| Feb 2025 | $2,700,000 | 1,313 | $2,056 | 26-30 |
| Dec 2024 | $2,308,000 | 1,173 | $1,967 | 01-05 |
| Dec 2024 | $2,268,000 | 1,119 | $2,026 | 16-20 |
| Oct 2024 | $2,626,000 | 1,313 | $2,000 | 16-20 |
| Sept 2024 | $2,580,000 | 1,313 | $1,965 | 21-25 |
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More in District 03
The HDB blocks next door
The entry point, measured: what the resale flats around Meraprime actually sell for - this project trades at 3.7× the nearest block’s PSF.