OPTIMA @ TANAH MERAH
TANAH MERAH KECHIL AVENUE · District 16 · 99 yrs lease commencing from 2008
Median Price
S$1.4M
Price Range
S$660K - S$3.6M
Tenure
Leasehold
Avg Rent
S$4.37 psf
OPTIMA @ TANAH MERAH Price Analysis
OPTIMA @ TANAH MERAH is a leasehold development on TANAH MERAH KECHIL AVENUE in District 16 (Bedok). According to URA transaction records, 57 private residential transactions have been recorded at this development, with a median price of S$1,410,000. Prices range from S$660K for the smallest units to S$3.6M for premium configurations.
The development offers units across 6 size categories. The most traded segment is studio (<50 sqm) at a median of S$710,000. Larger units (5+ bed (170+ sqm)) trade at S$2,430,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at OPTIMA @ TANAH MERAH. High-floor units (11-15) command a median of S$1,439,444, while low-floor units (01-05) sell for S$1,330,000. That is a 8% premium for higher floors, worth S$109K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, OPTIMA @ TANAH MERAH commands an average of S$4.37 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 3.2%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| Studio (<50 sqm) | S$710K | 46 sqm | 3 |
| 1-Bed (50-70 sqm) | S$1.0M | 65 sqm | 3 |
| 2-Bed (70-100 sqm) | S$1.3M | 84 sqm | 28 |
| 3-Bed (100-130 sqm) | S$1.7M | 116 sqm | 18 |
| 4-Bed (130-170 sqm) | S$1.8M | 142 sqm | 2 |
| 5+ Bed (170+ sqm) | S$2.4M | 208 sqm | 3 |
FAQ
What is the average price of OPTIMA @ TANAH MERAH?
The median transaction price at OPTIMA @ TANAH MERAH is S$1,410,000, based on 57 URA-recorded transactions. Prices range from S$660K to S$3.6M.
Does floor level affect prices at OPTIMA @ TANAH MERAH?
Yes. High-floor units (11-15) sell for a median of S$1,439,444, while low-floor units (01-05) sell for S$1,330,000. That is a 8% premium for higher floors.
What is the rental rate at OPTIMA @ TANAH MERAH?
The average rental rate at OPTIMA @ TANAH MERAH is approximately S$4.37 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.