Digest of latest review by newlaunchguru.sg - One Meyer
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! One Meyer, a super rare freehold luxury condo project sit right in the heart of District 15 East Coast, one of the most prestigious and upmarket districts in Singapore. What's more, this project is also one of the few condos in the area where residents can enjoy stunning sea view without being disturbed by noise from highway, because of the Katong Park in front.
As per JLL, the marketing agent involved in the deal of One Meyer, this was the 1st time the residential property was offered for bid. This attractive area received bids from over a dozen property developers ranging from small to big players. Many reasons could have led to the high number of bidders. In the first place, One Meyer is well located close 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 awesome clear view of the Katong Park, merely five stops away from Raffles Place and Shenton Way. This enables the future residents of One Meyer, e.g., cyclist, to access the CBD via the cycling track of the beach. Sustained Land Ltd successfully won the bid with the price of S$69.1 million. (Under|According to|Based on} URA Master Plan, One Meyer site occupies 23,400 sq ft with the gross plot ratio of 2.1, and its land rate translates to around S$1409 when the development charges are factored. Sustained Land wants to develop the ten storey high One Meyer into an 18 to 24 storey high sufficient for up to 65-unit of average size of 754 square feet. The GPR will shift to 2.1 from the current 2.09 if they obtain authorities' approval.
One Meyer is located at the crossroad of Meyer Place and Meyer Road in Katong, a place exclusive to private condominiums. Lots of transport options are available to get to One Meyer, both public and private. Long travelling time by bus to other parts of Singapore will be saved with the operation of Thomson-East Coast Line by 2023. At that time, Katong Park MRT is next to One Meyer condominium. Driving to local places of interest in Singapore is also pretty fast with Singapore Sports Hub no more than 7 minutes and CBD/Changi Airport below 15 minutes via highway. Although 23,400 square feet is not classified as a big condo project, One Meyer provides privacy and exclusivity. This 1-block condo featuring a glass facade appearance will definitely be the stunning jewel in Mayer Road. With reference to price list of 2-bedrooms, One Meyer is considered a good buy if launch price is around S$2300-S$2400 based on comparative market analysis. Seaside Residences, a 99 year leasehold project, transacted at average of S$1900psf, is located in Bayshore, right at the opposite end of East Coast.
Talking about shortfalls - as a not-so-big condominium means One Meyer will not get to include fancy mega facilities which other bigger projects offer, notably the nearby Belvedere.
Check out One Meyer news at The Straits Times
The most highly-anticipated new launch of Q1/2019 is finally here! One Meyer, a super rare freehold luxury condo project sit right in the heart of District 15 East Coast, one of the most prestigious and upmarket districts in Singapore. What's more, this project is also one of the few condos in the area where residents can enjoy stunning sea view without being disturbed by noise from highway, because of the Katong Park in front.
As per JLL, the marketing agent involved in the deal of One Meyer, this was the 1st time the residential property was offered for bid. This attractive area received bids from over a dozen property developers ranging from small to big players. Many reasons could have led to the high number of bidders. In the first place, One Meyer is well located close 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 awesome clear view of the Katong Park, merely five stops away from Raffles Place and Shenton Way. This enables the future residents of One Meyer, e.g., cyclist, to access the CBD via the cycling track of the beach. Sustained Land Ltd successfully won the bid with the price of S$69.1 million. (Under|According to|Based on} URA Master Plan, One Meyer site occupies 23,400 sq ft with the gross plot ratio of 2.1, and its land rate translates to around S$1409 when the development charges are factored. Sustained Land wants to develop the ten storey high One Meyer into an 18 to 24 storey high sufficient for up to 65-unit of average size of 754 square feet. The GPR will shift to 2.1 from the current 2.09 if they obtain authorities' approval.
One Meyer is located at the crossroad of Meyer Place and Meyer Road in Katong, a place exclusive to private condominiums. Lots of transport options are available to get to One Meyer, both public and private. Long travelling time by bus to other parts of Singapore will be saved with the operation of Thomson-East Coast Line by 2023. At that time, Katong Park MRT is next to One Meyer condominium. Driving to local places of interest in Singapore is also pretty fast with Singapore Sports Hub no more than 7 minutes and CBD/Changi Airport below 15 minutes via highway. Although 23,400 square feet is not classified as a big condo project, One Meyer provides privacy and exclusivity. This 1-block condo featuring a glass facade appearance will definitely be the stunning jewel in Mayer Road. With reference to price list of 2-bedrooms, One Meyer is considered a good buy if launch price is around S$2300-S$2400 based on comparative market analysis. Seaside Residences, a 99 year leasehold project, transacted at average of S$1900psf, is located in Bayshore, right at the opposite end of East Coast.
Talking about shortfalls - as a not-so-big condominium means One Meyer will not get to include fancy mega facilities which other bigger projects offer, notably the nearby Belvedere.
Check out One Meyer news at The Straits Times
