THE SEAFRONT ON MEYER
UrbanLens Analysis
At $2,360 PSF, THE SEAFRONT ON MEYER prices 40% above the District 15 median. Compare that to MEYER BLUE at $3,205 PSF -- a 26% premium that buyers need to justify. Being 3 minutes on foot from Katong Park MRT (274m) adds genuine convenience and supports the pricing.
The 7.6% gain in two years signals steady demand -- solid, not speculative. With 20 deals in two years, the pricing data has reasonable statistical weight. For context, GRAND DUNMAN has gained 0.4% over the same period.
The freehold title is a structural advantage. No lease clock, no financing constraints, and a buyer pool that never narrows with time. The 2.4% yield trails the RCR average of 3.5%. At $9,668/month median rent, this is a capital-appreciation bet, not an income play.
With 327 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously.
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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