Merawoods
Hillview Avenue · D23 · Outside central region · Condominium
The median sale at Merawoods was $1,931,500 — $1,443 psf — across 30 transactions between Dec 2021 and Aug 2026. 999-year lease from 1885.
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.
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.
- 2021one sale$1301
- 2022seven sales$1375
- 2023five sales$1429
- 2024five sales$1448
- 2025eight sales$1510
- 2026four sales$1496
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,750,000 | $1,301 psf | 1 |
| 2022 | $1,900,000 | $1,375 psf | 7 |
| 2023 | $1,813,000 | $1,429 psf | 5 |
| 2024 | $1,980,000 | $1,448 psf | 5 |
| 2025 | $2,122,500 | $1,510 psf | 8 |
| 2026 | $2,025,000 | $1,496 psf | 4 |
What it rents for
URA’s median of rental contracts lodged at Merawoods in 2026Q3, per square foot per month.
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 D23
- Narra Residences · $2,165 psf
- Sol Acres · $1,404 psf
- Midwood · $1,834 psf
- The Myst · $2,079 psf
- Inz Residence · $1,425 psf
- Kingsford . Hillview Peak · $1,435 psf
- Dairy Farm Residences · $1,696 psf
- The Hillier · $1,539 psf
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.