MEYER BLUE
UrbanLens Analysis
MEYER BLUE trades at $3,205 PSF, sitting 90% above the District 15 median of $1,689 PSF. At 8 minutes from Katong Park MRT (628m), transit access is passable but not a differentiator.
Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. 165 transactions over two years gives deep liquidity and reliable pricing signals. For context, GRAND DUNMAN has gained 0.4% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
The 186-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| EMERALD OF KATONG | $2,628 | — | 0.0% |
| THE CONTINUUM | $2,869 | — | +5.0% |
| GRAND DUNMAN | $2,533 | — | +0.4% |
| TEMBUSU GRAND | $2,419 | — | -1.7% |
| SEASIDE RESIDENCES | $2,264 | 3.1% | +5.2% |
PSF Trend
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