Merawoods
Merawoods is a 999-year leasehold condominium located in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang), part of the Outside Central Region (OCR). The development was completed in 1999 and comprises 305 units, on a lease that commenced in 1885. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
MERAWOODS
Over the 12 months to Jul 2026, Merawoods recorded 10 resale transactions at a median $1,507 psf (median price $2,122,500), and 44 rental contracts at a median $4,250/mo, a gross rental yield of 2.4%. Source: URA caveat data, as of Jul 2026.
Merawoods's median of $1,507 psf over the trailing 12 months places its pricing below roughly 56% of District 23 condos; resale liquidity has been moderate with 10 caveats lodged; the 2.4% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jul-26 | $2,050,000 | $1,443 psf | 1,421 sqft | 01 to 05 | 4BR |
| Feb-26 | $3,080,000 | $1,506 psf | 2,045 sqft | 01 to 05 | 5BR |
| Dec-25 | $2,220,000 | $1,562 psf | 1,421 sqft | 06 to 10 | 4BR |
| Nov-25 | $2,095,000 | $1,557 psf | 1,345 sqft | 01 to 05 | 3BR |
| Nov-25 | $1,455,000 | $1,453 psf | 1,001 sqft | 01 to 05 | 3BR |
| Oct-25 | $3,078,000 | $1,589 psf | 1,938 sqft | 06 to 10 | 5BR |
| Oct-25 | $2,028,000 | $1,507 psf | 1,345 sqft | 06 to 10 | 3BR |
| Oct-25 | $1,498,888 | $1,497 psf | 1,001 sqft | 06 to 10 | 3BR |
Can I afford Merawoods?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $2,122,500.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.