23 Mei Hwan Drive

Terrace House · in Serangoon, District 20, Singapore · Freehold · Completed 1980

Data through 1 July 2026

Intro: 23 Mei Hwan Drive is a terrace house located along Mei Hwan Drive within District 20 with a freehold tenure. It was completed in 1980. So far it has been transacted a total of 3 times, amounting to $7.5M+ in total.

D20OCRNorth EastSerangoon

23 Mei Hwan Drive project details

Street

Mei Hwan Drive

Property Type

Terrace

Completion

1980

Total Units

-1

Unit Size

2,970 sqft

Tenure

Freehold

Lease Remaining

Freehold

Postal Sector

MRT and LRT stations near 23 Mei Hwan Drive

Lorong Chuan473 m MRTCC14

See details on nearby stations

Primary schools near 23 Mei Hwan Drive

St. Gabriel'S Primary School598 m
Chij Our Lady Of Good Counsel631 m
Kuo Chuan Presbyterian Primary School759 m

See details on nearby schools

23 Mei Hwan Drive price, PSF and transaction trends

33%

HDB Buyers

$7.5M+

Total Transacted

13-06-1997

First Transacted

17-10-2011

Last Transacted

Total Transactions

23 Mei Hwan Drive transaction volume

New SaleSub SaleResale

Among the latest 3 recorded sales for 23 Mei Hwan Drive, the median price was S$2,180,000 and the median PSF was S$734 psf. The newest record shown is from 17 October 2011. The annual project median was 145.2% higher in 2011 than in 1997; unit mix can affect year-to-year comparisons.

Recent 23 Mei Hwan Drive transactions

Date	Sale type	Price	PSF	Size
17 October 2011	Resale	S$3,800,000	S$1,280 psf	2,970 sqft
27 August 2010	Resale	S$2,180,000	S$734 psf	2,970 sqft
13 June 1997	Resale	S$1,550,000	S$522 psf	2,970 sqft

23 Mei Hwan Drive median transaction PSF (S$)

23 Mei Hwan Drive annual price trend

Year	Median price	Median PSF	Recorded sales
2011	S$3,800,000	S$1,280 psf	1
2010	S$2,180,000	S$734 psf	1
1997	S$1,550,000	S$522 psf	1

100.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

7.2 yrs

Avg Holding

$2.2M

Total Profits

23 Mei Hwan Drive annualized profit %

View full details

23 Mei Hwan Drive rental prices and estimated yield

Past 1 month

$3.29

Avg PSF Rental

No. of Rentals

Among the latest 12 recorded rental contracts for 23 Mei Hwan Drive, the median monthly rent was S$5,725, with records ranging from S$3,150 to S$18,500.

Recent 23 Mei Hwan Drive rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 July 2026	—	S$7,400	S$3 psf	2000-2500
1 July 2026	—	S$5,600	S$2 psf	2000-2500
1 July 2026	—	S$5,850	S$3 psf	1500-2000
1 July 2026	—	S$6,000	S$3 psf	1500-2000
1 July 2026	—	S$7,500	S$4 psf	1500-2000

23 Mei Hwan Drive rental volume

View full details

Frequently asked questions about 23 Mei Hwan Drive

How much do units at 23 Mei Hwan Drive cost?

The latest 3 recorded sales show a median price of S$2,180,000 and a median of S$734 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at 23 Mei Hwan Drive?

The latest recorded median monthly rent is S$5,725. Rental yield is indicative and can vary by unit and costs.

Is 23 Mei Hwan Drive freehold or leasehold?

23 Mei Hwan Drive has a tenure of Freehold.

When was 23 Mei Hwan Drive completed?

23 Mei Hwan Drive was completed in 1980.

Which MRT or LRT station is nearest to 23 Mei Hwan Drive?

Lorong Chuan is the nearest station shown, at an estimated straight-line distance of 473 metres.

Which primary schools are near 23 Mei Hwan Drive?

The primary schools shown within the page’s one-kilometre search are St. Gabriel'S Primary School (598 m), Chij Our Lady Of Good Counsel (631 m), and Kuo Chuan Presbyterian Primary School (759 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 July 2026. Figures are indicative and do not constitute financial advice.