Melrose Park
Kellock Road · District 10 · Core Central Region (CCR) · 999 yrs lease commencing from 1877
Melrose Park is a condominium development in District 10 (CCR). Based on 11 URA-recorded transactions from 2021–2026, its median price is $4,300,000, with prices moving about 14.6%/yr and a gross rental yield near 2.2%.
The verdict · for an investor
Melrose Park · Condominium · District 10 · Leasehold
On balance, Melrose Park points up.
Strong track record — the fundamentals buyers pay up for are here.
Why it's pushing up
What matters most for you
- Convenient — MRT about 7 min on foot; 9 supermarkets, 7 food & retail spots nearby.
- Rentable — ~2.2% gross yield; transport and schools nearby keep tenants coming.
And what makes it better
- Every unit type has risen — 5-bed +97.8%, 4-bed +20.1% since 2021.
- A Primary-1 priority school within 1km — a real family draw.
What's holding it back
- Its recent +14.6%/yr rode a hot cycle — don't bank on that pace repeating.
- The market's near the top of its cycle — mind your entry price.
- Larger units — entry starts around $4.75M, not an easy first step.
Should I buy?
If you'll hold 5+ years and don't overpay.
Rental yield
gross, on this project
Priced vs nearby
mid-priced for the immediate area.
Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.
Pick your exact unit — then check your price
Your unit’s exact size
Every real size that has sold here (URA caveats). Pick yours — or the closest.
What 1,701 sqft (5-bed) units go for here
The price they’re asking
Type the price they’re quoting — we’ll judge it against what this exact size really sold for. No opinion until you do.
Recent 1,701 sqft sales
What it rents for — and if that works
The rent you’d get
The price to fight for — and the endgame
No agent, no listing, no one paying us — so we’ll say it plainly, whichever side of the table you’re on, for the size you picked.
If you’re buying
≤ $4.62M
Aim at the middle or below. A patient buyer has been getting closer to $4.46M.
If you’re selling
~$4.82M
List at the top of fair; realistic close is $4.62M–$4.68M unless it’s a high floor.
Why no rush either way: Seller’s Stamp Duty means a buyer can’t sell penalty-free for ~4 years — so you’re holding regardless. That’s your leverage to negotiate down now, not overpay.
The reality check — does the gain even make sense?
Our blunt read: ~$13.43M over 10 years at this project’s own pace. It works — but forward from a cycle top, treat it as a maybe, not a promise. This is our own POV, not a forecast — the pace is the project’s own (~14.6%/yr), and past pace never promises the future.
Built from URA transactions for Melrose Park — an opinion to decide and negotiate with, never a valuation and never financial advice.
If you’re buying — the outlook
Melrose Park
Core Central Region (CCR) · District 10 · ~$2,824 psf · 2.2% yield
Prices are near the top of the cycle, and the government is still cooling it — but cheap loans and steady immigration are holding them up. For Melrose Park, its own prices are still climbing. Over a 4-year hold, expect modest growth — not a big jump.
On balance, the wind is leaning to your favour.
What it means for you: At ~$2,824 psf, Melrose Park is priced about level with similar new projects nearby — no bargain, but you're not overpaying versus its peers. Its own prices are still climbing (~14.6%/yr over ~5 years). You'd also be buying near the top of the cycle, so entry price matters. So — negotiate, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.
The signals behind it
Dots show how much weight each one carries.
Holds prices back
Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.
Supports prices
Melrose Park's own prices are still climbing — about +8% in the latest year of sales.
Supports prices
The prime districts (CCR) lagged the others since 2004 — more room to catch up.
Holds prices back
The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.
Supports prices
Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.
Supports prices
Against salaries, prices aren't expensive by past standards — people can still afford to buy.
Supports prices
Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.
About neutral
A moderate amount of new supply is coming to this district (~1,770 units).
Supports prices
New launches in this district are selling well — 7 recent ones are around 84% sold, so buyer demand here is healthy right now.
Holds prices back · small effect
The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.
Holds prices back
Foreign buying has collapsed since the 60% tax — only ~1.4% of buyers now. For the prime market you're looking at, that's a real missing piece of demand.
Holds prices back
Rents at Melrose Park have slipped ~4% over the last couple of years — weaker support if you rent it out.
Supports prices · small effect
There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.
Supports prices · small effect
The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.
Supports prices · small effect
Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.
Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.
How far could it go — and when?
Is the price high? ~$2,824 psf is ~3% below similar nearby projects (~$2,900). about right
(The whole prime average is ~$2,284 psf — but that lumps in older stock, so we compare like with like, not against that.)
What’s realistic here? Its own record and its real neighbours — not the market.
Melrose Park has grown ~14.6%/yr over ~5 years. Similar nearby: Skye At Holland 0.1%, Leedon Green 0.1%, D'Leedon 4.3%, Upperhouse At Orchard Boulevard 6.8%, Hyll On Holland 2.3% — a 0.1–6.8%/yr spread (most around 2.3%).
You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.
What price per sqft are you hoping to sell at one day?
Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.
Median price
$4,300,000
2021–2026 (URA)
Appreciation
14.6%/yr
median trend
Gross yield
2.2%
~$5.12/psf rent
Lease
~850 yrs left
leasehold
Melrose Park median price per sqft, by year
Median PSF of actual URA transactions each year, with year-on-year change.
Does Melrose Park fit your budget?
GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.
Plan your purchase →Units for sale at Melrose Park
Questions people ask about Melrose Park
Is Melrose Park freehold or leasehold?
Melrose Park is on a 99-year lease that began in 1877, so about 850 years remain. It sits in District 10 (Core Central Region (CCR)).
How much does Melrose Park cost per square foot?
Recent transactions at Melrose Park are around $2,824 psf. Across its record, transacted prices range from $3,050,000 to $7,388,800.
Which primary schools are near Melrose Park?
Within 1 km (top Primary 1 priority): River Valley Primary School (0.63 km), Alexandra Primary School (0.70 km). Within 1–2 km: Zhangde Primary School, Gan Eng Seng Primary School. Distances are straight-line — the basis MOE uses for P1 priority.
Which MRT station is nearest Melrose Park?
The nearest MRT is Great World MRT, about 310 m away (straight-line).
Has Melrose Park gone up in value?
Across 11 URA-recorded transactions (2021–2026), prices at Melrose Park have moved about 14.6% a year on average, with a gross rental yield near 2.2%. That is a past record, not a forecast.
What condos are comparable to Melrose Park?
Within a short walk: Valley Park, Rv Residences, River Green, Promenade Peak, Irwell Hill Residences. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.
Is Melrose Park a good buy?
Melrose Park sits in Core Central Region (CCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.