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Condo prices · D23

Mera Gardens

Almond Street · D23 · Outside central region · Terrace, Detached

The median sale at Mera Gardens was $2,750,000 — $1,222 psf of land — across 18 transactions between Nov 2021 and July 2026. 99-year lease from 1994.

Figures here are based on 18 sales.

Median price
$2,750,000
18 sales in the window.
Median per sq ft of land
$1,222 psf
Median unit 1,800 sq ft.
Lease remaining
67 years
99-year lease from 1994

Mera Gardens saw two sales 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

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$3,420
$2,750,000 over 67 years remaining.
Per sq ft per year
$22.81
What a square foot of this development costs for one year of lease.
Lease expires
2093
32 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

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$894
  • 2022four sales$1222
  • 2023six sales$1411
  • 2024three sales$705
  • 2025two sales$1390
  • 2026one sale$1698
Show the figures
YearMedian pricePer sq ft of landSales
2021$2,954,000$894 psf2
2022$2,275,000$1,222 psf4
2023$2,650,000$1,411 psf6
2024$3,850,000$705 psf3
2025$4,650,000$1,390 psf2
2026$2,750,000$1,698 psf1

Other landed housing in D23

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.