Digest of One Meyer Review by newlaunchguru.sg - Ways to be a new launch guru

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 situated right in the heart of District 15 East Coast, one of the most prestigious and upmarket districts in Singapore. Not only that, this project is also one of the few condos in the area where residents can have stunning sea view without the traffic noise coming from ECP, thanks to the Katong Park standing in the front.

According to JLL, the marketing agent involved in the deal of One Meyer, this was the first time the residential property was put on sale. This attractive land received bids from more than 12 property developers ranging from small to big players. Several reasons may have led to that situation. First, One Meyer is well located next to the upcoming Katong Park Station set to be operational 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, just five stops away from Raffles Place and Shenton Way. This enables the future residents of One Meyer, e.g., cyclist, to reach the CBD via the cycling track of the beach. Sustained Land Ltd successfully acquired the bid with S$69 million paid. (Under|According to|Based on} the Master Plan, One Meyer site occupies 23,400 sq ft with the gross plot ratio of 2.1, and its land rate is estimated to be about S$1409 considering the development charges as well. Sustained Land plans to develop the ten storey high One Meyer into an 18 to 24 storey high accomodating up to 65-unit each having an average size of 753.5 sq ft. The gross profit ratio will shift from the current 2.09 to 2.1 if they obtain authorities' approval.

One Meyer situates at the crossroad of Meyer Place and Meyer Road in Katong which is a place known for many private properties. Lots of transport options are available to get to One Meyer, both public and private. Long travelling time by bus to other places of Singapore will be shortened with the operation of Thomson-East Coast Line by 2023. One Meyer will be served by Katong Park MRT, right at the doorstep. Driving to major places of interest in Singapore is also not a long journey with Singapore Sports Hub less than 7 minutes and CBD/Changi Airport no more than 15-min via ECP. While 23,400 square feet is not classified as a big condo project, One Meyer provides privacy and exclusivity. This one block building with the glass-facade appearance will for sure become the brightest star in Mayer Road. With reference to price list of 2-bedrooms, One Meyer should be a good deal if launch price is about S$2300-S$2400 according to competitive 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.

As for shortfalls - as a not-so-big condo project means One Meyer may not get to include so many varieties of facilities that other bigger projects own, notably The Belvedere and The Waterside nearby.