Melrose Court

Apartment · in Novena, District 12, Singapore · Freehold · Completed 1996

Data through 1 June 2011

Intro: Melrose Court provides a quiet, low-density freehold living experience in District 12 that keeps residents within walking distance of Hong Wen School 🏫.
Good to know: Completed in 1996 as a boutique four-storey apartment project 🏗️; Located in the Novena planning area with multiple schools within a one-kilometer radius 📚.
Practical note: The development is a bit of a walk from Boon Keng MRT, so it may better suit those who prefer cycling or short bus rides for their daily commute 🚌.

D12RCRCentralNovena

< 1km

MRT Station

Near

$1M+ HDB

> 1K

MOPs in Town

Mega

Development

< 10y

Property Age

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

Melrose Court project details

Street

Lorong Limau

Property Type

Apartment

Completion

1996

Total Units

-1

Plot Ratio

2.8

Unit Size

958 - 38,610 sqft

Tenure

Freehold

Lease Remaining

Freehold

Postal Sector

MRT and LRT stations near Melrose Court

Boon Keng985 m MRTMRT

See details on nearby stations

Primary schools near Melrose Court

Hong Wen School513 m

See details on nearby schools

Melrose Court price, PSF and transaction trends

69%

HDB Buyers

$61.4M+

Total Transacted

01-10-1995

First Transacted

20-08-2010

Last Transacted

Total Transactions

Melrose Court transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Melrose Court, the median price was S$701,500 and the median PSF was S$564 psf. The newest record shown is from 20 August 2010. The annual project median was 69.8% higher in 2010 than in 1997; unit mix can affect year-to-year comparisons.

Recent Melrose Court transactions

Date	Sale type	Price	PSF	Size
20 August 2010	Resale	S$22,000,000	S$1,140 psf	19,305 sqft
20 August 2010	Resale	S$22,000,000	S$1,140 psf	19,305 sqft
26 November 2009	Resale	S$795,000	S$596 psf	1,335 sqft
28 June 2007	Resale	S$660,000	S$454 psf	1,453 sqft
15 August 2003	Resale	S$443,000	S$462 psf	958 sqft

Melrose Court median transaction PSF (S$)

Melrose Court annual price trend

Year	Median price	Median PSF	Recorded sales
2010	S$22,000,000	S$1,140 psf	2
2009	S$795,000	S$596 psf	1
2007	S$660,000	S$454 psf	1
2003	S$443,000	S$462 psf	1
2001	S$520,000	S$543 psf	1
2000	S$852,500	S$501 psf	2
1999	S$575,000	S$542 psf	6
1997	S$785,000	S$672 psf	8

33.3%

% Profitable

Profitable

Unprofitable

> 6% Annualized

5.3 yrs

Avg Holding

-$180,673

Total Profits

Melrose Court annualized profit %

View full details

Melrose Court rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for Melrose Court, the median monthly rent was S$2,400, with records ranging from S$2,100 to S$3,500.

Recent Melrose Court rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 June 2011	—	S$2,800	S$3 psf	900-1000
1 May 2011	—	S$2,800	S$2 psf	1100-1200
1 December 2010	—	S$2,400	S$1 psf	1800-1900
1 December 2010	—	S$2,100	S$2 psf	1300-1400
1 August 2010	—	S$2,300	S$2 psf	1300-1400

Melrose Court rental volume

View full details

Frequently asked questions about Melrose Court

How much do units at Melrose Court cost?

The latest 12 recorded sales show a median price of S$701,500 and a median of S$564 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Melrose Court?

The latest recorded median monthly rent is S$2,400. Rental yield is indicative and can vary by unit and costs.

Is Melrose Court freehold or leasehold?

Melrose Court has a tenure of Freehold.

When was Melrose Court completed?

Melrose Court was completed in 1996.

Which MRT or LRT station is nearest to Melrose Court?

Boon Keng is the nearest station shown, at an estimated straight-line distance of 985 metres.

Which primary schools are near Melrose Court?

The primary schools shown within the page’s one-kilometre search are Hong Wen School (513 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 June 2011. Figures are indicative and do not constitute financial advice.