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Condo prices · D16

Mera Terrace

Seagull Walk · D16 · Outside central region · Terrace

The median sale at Mera Terrace was $3,995,000 — $2,406 psf of land — across 16 transactions between Nov 2021 and Aug 2026. Freehold.

Figures here are based on 16 sales.

Median price
$3,995,000
16 sales in the window.
Median per sq ft of land
$2,406 psf
Median unit 1,615 sq ft.
Lease remaining
Freehold
Freehold

What it costs per month of lease

Mera Terrace 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.

  • 2021one sale$1951
  • 2022one sale$2062
  • 2023one sale$2403
  • 2024five sales$2388
  • 2025two sales$2560
  • 2026six sales$2582
Show the figures
YearMedian pricePer sq ft of landSales
2021$3,150,000$1,951 psf1
2022$3,330,000$2,062 psf1
2023$3,880,000$2,403 psf1
2024$3,855,000$2,388 psf5
2025$4,134,000$2,560 psf2
2026$4,350,000$2,582 psf6

Other landed housing in D16

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.