Near MRT stations: Woodleigh MRT

District: D13 - MacPherson/ Potong Pasir

Myra Condo Near Potong Pasir Mrt

Myra is a condominium development located along 9 Meyappa Chettiar Road 358456 Singapore District 13. Expected completion 2023. View details at buycondo.sg

Quick Facts About Myra

Address: 9 Meyappa Chettiar Road, Singapore 358456
Tenure: Freehold
Total Units: 85
Developer: SeventyTwo Development Pte Ltd
TOP Date: 2024

Myra Current Sale Prices

Myra is a freehold condominium development located at 11 Meyappa Chettiar Road in District 13. Current sale prices range from S$2,100 to S$2,500 PSF. Recent transactions show a 2-bedroom unit of 710 sqft selling at S$1.65M (S$2,324 PSF) and a 3-bedroom unit of 1,216 sqft transacting at S$2.65M (S$2,178 PSF). The development was completed in 2023 by Selangor Dredging Berhad. New launch prices started from S$1.1M for 2-bedroom units in 2019.

Myra Current Rental Prices

Current rental rates for Myra range from S$3,800 to S$6,500 per month. Two-bedroom units (710-721 sqft) command rents between S$3,800 to S$4,200 per month. Three-bedroom units (1,216-1,270 sqft) are available from S$5,500 to S$6,500 per month. Four-bedroom penthouses (1,496 sqft) have asking rents around S$8,000 per month. Most units come partially furnished with basic appliances and fittings.

Myra Location Advantages

The development sits in a prime location at Potong Pasir, just 350m from Potong Pasir MRT station on the North-East Line. Residents enjoy proximity to major roads including Upper Serangoon Road and the Pan Island Expressway (PIE). The area is well-served by amenities including The Poiz Centre, The Venue Shoppes, and Potong Pasir Community Club. Several schools are within 1km, including St Andrew’s Junior School, Cedar Primary School, and Maris Stella High School. The development is also near to established food centers like The Venue Shoppes and Tai Thong Crescent Market.

Myra Owners and Buyers and Tenants

The development attracts a mix of owner-occupiers and investors, particularly young professionals and small families who appreciate the freehold status and proximity to the city. The tenant profile consists mainly of expatriate professionals and couples working in the CBD or nearby business hubs. The boutique nature of the development, with only 85 units across 12 storeys, appeals to those seeking privacy and exclusivity. Current owners comprise both local and foreign buyers, with a significant portion being upgraders from nearby HDB estates. The development maintains steady occupancy rates due to its prime location and quality finishes. Rental demand remains strong given the convenient location and modern facilities. The property appeals particularly to tenants working in nearby commercial areas such as Toa Payoh, Bidadari, and MacPherson.

Note: All prices and availability are subject to change. Please contact for latest updates and viewing arrangements.

Luxurious Facilities at Myra

Wellness Facilities

Lifestyle Amenities

Myra Virtual Showroom

Condos Near Myra Condo

Surrounding Amenities

Shopping & Retail (Within 1km)

The Poiz Centre (300m)

Potong Pasir Community Club (400m)

NEX Shopping Mall (1.5km)

City Square Mall (2km)

Dining Options

Educational Institutions

Transportation Connectivity

MRT Stations

Potong Pasir MRT (NE10) – 3 minutes walk
Woodleigh MRT (NE11) – 12 minutes walk
Boon Keng MRT (NE9) – 15 minutes walk

Bus Services

Investment Potential

Rental Market Analysis

Future Developments

Bidadari Estate Development

Woodleigh Mall (Upcoming)

Potong Pasir Avenue 1 Commercial Hub

North-South Corridor (2026/27)

Unique Selling Points

Freehold Status

Prime District 13 Location

Walking Distance to MRT

Quality Finishes

Low Density Development

Proximity to Schools

Conclusion

Myra stands out as a boutique freehold development in a rapidly developing neighborhood. Its strategic location, comprehensive facilities, and proximity to amenities make it an attractive option for both homeowners and investors. The surrounding area’s ongoing development and infrastructure improvements suggest strong potential for capital appreciation.

Note: All prices and information are accurate as of December 2024. Current prices and availability subject to changes. Just based on Indications and Estimates.

Condo prices near MRT vs those further away

Key Price Differences by Region

Core Central Region (CCR)

Near MRT (≤500m): S$3,200 psf

Far from MRT (>500m): S$2,800 psf

Price Premium: 14.3%

Rental Premium: 15%

Rest of Central Region (RCR)

Near MRT (≤500m): S$2,400 psf

Far from MRT (>500m): S$2,000 psf

Price Premium: 20.0%

Rental Premium: 18%

Outside Central Region (OCR)

Near MRT (≤500m): S$1,900 psf

Far from MRT (>500m): S$1,600 psf

Price Premium: 18.8%

Rental Premium: 20%

Key Observations Price Premium Properties within 500m of MRT stations consistently command a premium

The highest premium is observed in RCR at 20%

Even in the CCR, MRT proximity adds 14.3% to property values

Rental Yields Near MRT properties generally offer higher rental yields. OCR properties show the highest rental yields (3.8% near MRT)

The rental yield difference is approximately 0.4-0.6% higher for MRT-proximate properties.

Price Appreciation OCR properties show the highest annual appreciation rates (5-7%).

CCR properties show more stable but lower appreciation (3-5%)

MRT proximity generally contributes to better capital appreciation

Additional Considerations Convenience Factor Properties near MRT stations typically have better access to amenities Higher tenant demand for MRT-proximate properties Better resale potential in the long term Trade-offs Higher initial investment required for MRT-proximate properties Potentially more noise and human traffic Some units might face privacy issues if directly facing MRT tracks.

Monthly Cost Savings if You Own a Condo Near MRT

🚗 Car Ownership Costs (Monthly)

Fixed Costs

Loan Payment: $1,350 (Based on $100k loan, 7-year tenure)

Insurance: $250

Road Tax: $100

Variable Costs

Petrol: $400 (Based on average 50km/day)

Parking: $400 (HDB + CBD office)

Maintenance: $200

ERP: $150

Miscellaneous: $50

Total Monthly Car Cost: $2,900

🚇 Public Transport Costs (Monthly)

Fixed Costs

Monthly Concession Pass: $128

Variable Costs

Grab/Taxi (Occasional): $200

Weekend Transport: $100

Late Night Transport: $50

Miscellaneous: $20

Total Monthly Public Transport Cost: $498

💰 Cost Savings Analysis

Monthly Savings: $2,402

Annual Savings: $28,824

5-Year Savings: $144,120

Key Observations:

Cost Difference: Car ownership costs approximately 5.8 times more than public transport

Hidden Benefits of Public Transport:

No maintenance worries

No parking hassles

Can use travel time productively (reading, working)

Environmentally friendly

Hidden Benefits of Car Ownership:

Convenience and flexibility

Time savings during off-peak

Comfort during weather extremes

Easier for family travel

Good for elderly/children

Factors to Consider:

Location Impact

Distance from MRT/bus stops

Frequency of public transport

ERP zones in daily route

Parking rates in frequent destinations

Lifestyle Factors

Working hours (regular vs irregular)

Family needs (children, elderly)

Weekend activities

Shopping habits

Financial Considerations

Initial down payment for car

Long-term maintenance costs

Resale value

The opportunity cost of investment