148 Mei Ling Street - 2 Units for Sale

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148 Mei Ling Street – PropertyGuru Market Pulse Insights

The project remains visible within recent property searches tied to the Alexandra / Commonwealth local area, according to PropertyGuru's 30-day search trends. This presence reflects a steady baseline of interest among active market participants exploring established residential options in this mature estate.

Most-searched Units: 4-Bedroom

Popular preferences: Balcony, Corner Unit, Gym, Tennis Court, Renovated, Terrace

Pricing by Unit Types:

• 3-Bedroom Units:
  • Avg Asking Price: S$ 1.65M
  • Avg PSF: S$ 976 psf (43.97% lower compared to Alexandra / Commonwealth average of S$ 1,743 psf)
  • Available Units: 1
• 4-Bedroom Units:
  • Avg Asking Price: S$ 1.38M
  • Avg PSF: S$ 885 psf (62.65% lower compared to Alexandra / Commonwealth average of S$ 2,368 psf)
  • Available Units: 1

Key Takeaway: Market demand indicators point strongly towards the 4-Bedroom configurations as the preferred choice for buyers at this location. Despite the higher total price for 3-Bedroom units, the overall development is priced at a significant discount on a per-square-foot basis compared to the broader Alexandra / Commonwealth average. With only single units available in each category, the limited inventory suggests a highly selective market environment. This supply-demand dynamic may support pricing discipline for seekers looking for value-oriented entries into a prime district.

Location & Lifestyle Highlights — 148 Mei Ling Street 470m (6 mins) to QUEENSTOWN MRT STATION — This station provides a direct link to the East-West Line, making it very easy to reach the Central Business District and Jurong East in just a few stops. Living at 148 Mei Ling Street puts you right in the heart of a mature estate where everything you need is within a short walk. It is a practical choice for those who value a quick commute and a neighborhood that feels established and well-connected. Nearby hotspots: MRT Stations:

• QUEENSTOWN MRT STATION (470m, 6 mins) — A major transport node that connects residents to the city center and western industrial hubs efficiently.

Bus Stops (35 within 1 km):

• BLK 153 (198m, 2-3 mins) — A very close stop that serves the immediate neighborhood for quick local trips.
• OPP QUEENS (341m, 4-5 mins) — Convenient access to multiple bus routes heading towards the city and nearby shopping areas.

Education & Early Learning:

• PCF SPARKLETOTS PRESCHOOL @ QUEENSTOWN BLK 145 (CC) (125m, 1-2 mins) — An extremely convenient childcare option located just a stone's throw away for young families.
• TRUE WAY PRESBYTERIAN KINDERGARTEN (231m, 2-3 mins) — A well-regarded early childhood center within very short walking distance.
• QUEENSTOWN PRIMARY SCHOOL (681m, 8-9 mins) — A reputable local primary school that is easily accessible for morning school runs.

Healthcare & Wellness:

• QUEENSTOWN POLYCLINIC (875m, 10-11 mins) — Comprehensive public healthcare services nearby for regular check-ups and family medical needs.
• UNITY (911m, 10-11 mins) — A handy pharmacy for daily health essentials and wellness products.

Shopping & Retail:

• FAIRPRICE (661m, 7-8 mins) — The go-to spot for daily groceries and household necessities within a comfortable walk.
• SHENG SIONG (892m, 10-11 mins) — A great alternative for fresh produce and value-for-money grocery shopping.
• ANCHORPOINT (1015m, 12-13 mins) — A popular boutique mall known for its outlet stores and diverse retail offerings.

Dining & Food:

• STIRLING SEAFOOD (649m, 7-8 mins) — A local favorite for fresh seafood and hearty meals close to home.
• MEI CHIN ROAD FOOD CENTRE (524m, 6-7 mins) — A vibrant local food hub offering a wide variety of affordable and authentic hawker fare.
• SKYVILLEDAWSON FOOD COURT (916m, 10-11 mins) — A modern dining space with a good selection of local and international food options.

Highly attractive for: Young Families, Urban Professionals, Established Couples

Market & Rental Insights

148 Mei Ling Street demonstrates a profile of significant capital appreciation and high-yielding rental potential within the local market.

• PSF Appreciation: S$708.5 psf → S$810 psf over recent years (+14.33%) from 2023 - 2026.
• Expected Rental Yield: At 5.14%, this reflects a strong return for property investors.
• Transactions: 1 rental transaction in the last 6 months and 2 sale transactions in the last 12 months, indicating modest rental and limited sale activity.
• PG Pulse Insight: With a 14.33% increase in PSF and a strong rental yield of 5.14%, 148 Mei Ling Street offers a compelling combination of capital growth and income generation despite limited transaction volume.

Published date: August 2, 2026