Meyerise

Overall Own Stay Investment

1,900

psf(price)

Freehold

tenure(years)

872

min sqft

5,490

max sqft

Developer Hong Leong Holdings Ltd
District 15–Katong, TanjongRhu, Fort Rod
Completion Date June 2015
Architect P&T Consultants
Land Size 115,302sqft
Total No. of Units 239
Unit Mix Type Floor Area (sqft) Total Quantity
2 Bedroom A1,A2 872-883 60
3 Bedroom B1,2,3,4 1270-1313 120
4 Bedroom C 84 – 85 29
4 Bedroom+S C 1819 29
Penthouse P 5382 1

Swimming Pool

Fun Pool

Children’s Pool

Jacuzzi Pool

Pool Deck

Clubhouse

Kitchenette

Roof Top BBQ Pavilions

Gym

Children’s Play Area

Dining Pavilions

Table games Pavilions

Tennis Court

Location

Meyerise is located close to the upcoming Katong Park MRT as well as Amber MRT Station which are both close to the development. Owners who commute by car will have easy access to the East Coast Parkway Expressway (ECP) and it takes only 7-10mins to the CBD. Being close to popular retail malls like i12 Katong and Parkway Parade adds convenience to staying at Meyerise.

Growth Potential

Residents staying at Meyer Road and TanjongRhu will notice that it is a daily affair that huge lorry trucks are a common sight in the vicinity. There are works ongoing for the Thomson East Coast MRT Line which will increase convenience of transport to residents. There is a huge plot of land beside Marina Bay Golf Course currently looks to be in preparation for further developments as seen from the image below.

With such potential developments along the way, whereby Marina Bay Golf Course, which is just beside the “white” developing plot of land slated to end its lease in less than a decade, watch this space for more exciting developments.

Value for Money

The developer has rolled out very good promotions for the development. Today, a home buyer will be able to purchase Meyerise at approximately 8% below the 2011 Launch price for the development. This is an offer not to be missed!

At an average price of $18xxPsf, this offers purchasers a good discount to current valuations at Meyerise. To provide an example for this, refer to the table below

CONTRACT DATE ADDRESS SIZE (SQ FT) PSF ($) PRICE ($)
26-Sep-11 93 MEYER ROAD #02-03 883 1,723 1,521,000
28-Sep-11 93 MEYER ROAD #04-03 883 1,791 1,581,000
21-Sep-11 93 MEYER ROAD #05-03 883 1,825 1,611,000
26-Sep-11 93 MEYER ROAD #06-03 883 1,859 1,641,000
28-Sep-11 93 MEYER ROAD #07-03 883 1,893 1,671,000
20-Nov-14 93 MEYER ROAD #08-03 883 1,926 1,700,000
16-May-13 93 MEYER ROAD #09-03 883 1,980 1,748,000
21-Oct-15 93 MEYER ROAD #11-03 883 1,944 1,716,000

As you can see, a transaction of #11-03 was sold in October 2015 at $1.716mil, this is $32,000 less than #09-03 which was sold back in May 2013. The Developer has adjusted back in December 2015. However, with the latest promotional pricing given by the developer, #12-03 is now selling for only $1.59mil. This is more than $100,000 less than what #11-03 had sold for!

When looking for property deals, investors would always look for value for money propositions, here is one right before your eyes! Home Buyers who are buying for their own use have an opportunity to acquire a prime Meyer Road property which is now sold at a reduced price!

Rentability

Meyer Road has always been a place where people like to reside in due to the high end nature of the area as well as the good amenities such as Singapore Swimming Clubs, Singapore Chinese Swimming Clubs and Proximity to CBD. Tenants however have limited access to transport at the moment, however after the MRT is completed, the accessibility to transport will increase significantly. Tenants who rent at Meyer Road love the peace and quietness that this estate provides.

Interior

At Meyerise, all fittings, fixtures and floorings are high-end. Each apartment is served by a private lift with stunning views when you enter your unit. Imagine coming back home to either stunning sea views, meyer landed views or watching the fireworks from the Singapore Sports Hub and Marina Bay Sands! Each unit has spacious rooms and carefully designed layouts which are space efficient.

Exterior

Situated at the heart and centre of Meyer Road, Meyerise stands tall as the newest developments along Meyer Road. The units are placed in a way that every unit will have wonderful views. The exterior facade of Meyerise is well designed by architects P&T Consultants.

Condo Facilities

With a huge size swimming pool, sizable children’s pool and even a fun pool provides families with enough swimming options for both adults and children’s use. Communal dining and activities are encouraged with a large kitchenette which can host parties of more than 20 pax. Large rooftop BBQ pavilions and dining pavilions around the development ensures that there are options for you to entertain guests.

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