ONE MEYER
UrbanLens Analysis
ONE MEYER trades at $2,893 PSF, sitting 71% above the District 15 median of $1,689 PSF. The 1-minute walk to Katong Park MRT (45m) is a tangible lifestyle and resale advantage. MEYER BLUE fetches $3,205 PSF nearby -- that 10% gap frames ONE MEYER's relative value proposition.
A 13.6% appreciation over two years is healthy without looking frothy. 6 transactions over two years is modest; the trend is directional, not definitive. For context, THE CONTINUUM has gained 5.0% 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. Gross yield of 3.2% tracks the RCR average of 3.5%. At $7,409/month median rent, income is market-rate -- neither a standout nor a weakness.
The 66-unit size hits a practical sweet spot -- enough scale for decent facilities without the oversupply risk of mega-developments.
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% |
| MEYER BLUE | $3,205 | — | 0.0% |
PSF Trend
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