162 Mei Ling Street 140162, Mei Chin, Central Region, Singapore
$385,000
Introducing a Rare 3I (Improved) 3-Room Flat at Mei Ling Street! Step into this well-maintained and highly functional home, featuring 2 comfortable bedrooms and a spacious extended room at the back of the kitchen: perfect for an extra room, home office or additional storage space. Enjoy a regular and efficient layout with no odd corners, making it easy to furnish and maximise every inch of space. The unit boasts a great facing, allowing for plenty of natural light, while staying airy and well-ventilated throughout the day, ideal for comfortable living without feeling stuffy. Prime Location: The Best of Convenience & Connectivity Located in the heart of Queenstown, this home offers unbeatable accessibility: - Just minutes to Queenstown MRT Station for seamless connectivity across Singapore - Surrounded by everyday conveniences including Mei Ling Market & Food Centre for local delights - Close proximity to supermarkets, shops, and essential amenities - Short drive to Orchard Road and the city area - Well-connected via major expressways like AYE For families, you’ll also appreciate the nearby schools and mature estate environment: peaceful, established, and highly sought-after. Why This Unit? - Regular layout – easy to renovate and design - Bright, windy, and comfortable living environment - Bonus extended room for added flexibility - Prime central location with strong long-term value If you’re looking for a move-in ready home in a central location with great livability, this is one you don’t want to miss! Contact me today to arrange a viewing! Billy Ang AB Property Sg Your Property, Our Priority.
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3008022J
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Automated Valuation based on 2 HDB resale transactions (data.gov.sg)
Fair Value
S$223,517
S$315 psf
Asking Price
S$385,000
S$542 psf
vs Market
+72.2%
vs Last Done
+8.4%
Tenure
42 yrs
99-year Leasehold · ⚠️ Short lease
Confidence
Low
2 comps
Nearest MRT
Queenstown
417m away · +5% premium
Hedonic Adjustment Breakdown
Base URA PSF
2 comparable transactions
S$500
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.600
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$315
Recent Comparable Transactions
2 shown · 2 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneNov 2025 | Blk 162 MEI LING ST Floor 01 TO 03 | 710sqft | S$355,000 | ▲S$500 +58.7% vs FV | 99yr from 1970 |
Nov 2025 | Blk 162 MEI LING ST Floor 01 TO 03 | 710sqft | S$355,000 | ▲S$500 +58.7% vs FV | 99yr from 1970 |
Nov 2025 | Blk 162 MEI LING ST Floor 01 TO 03 | 710sqft | S$355,000 | ▲S$500 +58.7% vs FV | 99yr from 1970 |
Blk 162 MEI LING ST
Nov 2025 · Floor 01 TO 03
+58.7% vs FV
Blk 162 MEI LING ST
Nov 2025 · Floor 01 TO 03
+58.7% vs FV
Blk 162 MEI LING ST
Nov 2025 · Floor 01 TO 03
+58.7% vs FV
HELIOS AI Analysis
The HDB 3-room property located in Queenstown, with a remaining lease of 42 years, has been assessed at an estimated value of $223,517, translating to a price per square foot (PSF) of $315. This valuation is notable for being significantly above the market baseline, indicating a striking 72.2% difference. Such a premium suggests robust demand dynamics within the Queenstown area, which is traditionally recognized for its strategic location and established community amenities.
However, it is essential to consider the model confidence associated with this valuation, which is currently classified as low. This designation stems from the limited dataset of just two recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market trends or variations. Consequently, while the elevated valuation reflects optimistic market sentiment, prospective buyers should remain cautious and conduct comprehensive due diligence, taking into account the longevity of the lease and the evolving dynamics of the local property market.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.