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Condo prices · D15

Hawaii Tower

Meyer Road · D15 · Rest of central region · Condominium

The median sale at Hawaii Tower was $3,925,000 — $1,753 psf — across eight transactions between Nov 2021 and March 2026. Freehold.

Figures here are based on just eight sales, which is too few to call a market rate.

Median price
$3,925,000
eight sales in the window.
Median per sq ft
$1,753 psf
Median unit 2,239 sq ft.
Lease remaining
Freehold
Freehold

Hawaii Tower saw one sale in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

Hawaii Tower is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021two sales$1646
  • 2022two sales$1760
  • 2024one sale$1787
  • 2025two sales$1887
  • 2026one sale$1697
Show the figures
YearMedian pricePer sq ftSales
2021$3,685,000$1,646 psf2
2022$3,940,000$1,760 psf2
2024$4,000,000$1,787 psf1
2025$4,225,000$1,887 psf2
2026$3,800,000$1,697 psf1

What it rents for

URA’s median of rental contracts lodged at Hawaii Tower in 2026Q3, per square foot per month.

Median rent per sq ft
$3.01
A month. Middle half of contracts ran $2.81 to $3.35.
Gross yield
2.06%
A year of median rent against the median sale price.
Median sale per sq ft
$1,753 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D15

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.