Essences of One Meyer Review by newlaunchguru.sg

This is the short version based on the latest review of One Meyer condominium by newlaunchguru.sg.

The most highly-anticipated new launch of Q1/2019 is finally here! We are referring to One Meyer, a super rare freehold luxury condo project located right in the center of East Coast (Meyer Road) in District 15, one of the most prestigious and upmarket districts in Singapore. What's more, this new launch is also one of the few condos in the area where residents can have vantage sea view without being disturbed by noise from highway, thanks to the Katong Park standing in the front.


According to JLL who participated in the deal of One Meyer, this was the first attempt the residential property was put on bid. This attractive land received bids from over a dozen property developers ranging from small to big players. Several factors could have led to that result. First, One Meyer is well located next to the future Katong Park Station target to operate in year 2023 which is part of the Thomson East Coast line. Next, the site has a seafront and wonderful clear view of the Katong Park, merely 5-stop away from CBD. This enables the future residents of One Meyer who are cycling enthusiasts to access the CBD via the cycling track of the beach. Sustained Land Ltd successfully acquired the bid with the price of S$69.1 million. (Under|According to|Based on} URA Master Plan, One Meyer site measures 23,400 square feet with the gross plot ratio of 2.1, and its land rate translates to around S$1,409 when the development charges are factored. Sustained Land is going to to re-develop the ten storey high One Meyer into an 18 to 24 storey high housing up to 65 units with average size of 753.5 square feet each. The gross profit ratio(GPR) will increase to 2.1 from the current 2.09. However, their development plan is subject to approval by the authorities in charge of height control.

One Meyer sits at the crossroad of Meyer Place and Meyer Road in Katong, an area known for many private properties. Lots of transport options are available to get to One Meyer, be it public or private. Long travelling time by bus to other areas of Singapore will be shortened with the operation of TEC Line in year 2023. At that time, Katong Park MRT is next to One Meyer condominium. Driving to major places of interest in Singapore is also pretty fast with Singapore Sports Hub below 7-min and CBD/Changi Airport no more than 15-min via ECP. Although 23,400 square feet is not considered as a big condo project, One Meyer offers exclusivity and privacy. This single block condo featuring a glass facade look will for sure be the stunning jewel in Mayer Road. With reference to price list of 2-bedrooms, One Meyer should be a good buy if launch price is around S$2300-S$2400 based on competitive market analysis. A 99-year leasehold condominium Seaside Residences which is transacted at average of S$1900psf, is situated in the opposite end of East Coast.

Talking about shortfalls - being a not-so-big condo project means One Meyer may not provide fancy mega facilities that other bigger projects offer, e.g., The Waterside and The Belvedere nearby.

Find out One Meyer news at The Business Times