Meyer Blue Price – Successful Tender Price

In a competitive bid that underscored the developers’ commitment to expanding their prestigious portfolios, UOL Group and Singapore Land Group secured the land for the Meyer Blue project with a winning tender of $392.18 million. This successful bid was placed for the freehold site, previously known as Meyer Park, during a tender that concluded its process, underscoring the developers’ vision for creating an unparalleled residential experience in one of Singapore’s most sought-after districts. The strategic acquisition sets the stage for the development of Meyer Blue, promising to be a new hallmark of luxury living along Meyer Road.

Land LocationSUCCESSFUL SALE PRICEPER SQ FT PER PLOT RATIOGFA
Meyer Road$392.18m$1,668 psf27,158.85 sqm

Meyer Blue Price – Nearby Properties Transacted Price

In the vicinity of Meyer Blue, several newer condominium projects have been making waves in the property market, each offering a unique blend of luxury, location, and lifestyle. These developments, all within a 2km radius of Meyer Blue, reflect the dynamic nature of Singapore’s real estate landscape and offer insights into the current trends and preferences of homebuyers and investors.

MEYERHOUSE stands out with its exclusive offering of 56 units, completing in 2022 just 258 meters from Meyer Blue. It’s a freehold property attracting a significant foreign ownership percentage of 33.3%. The project boasts a uniform price of S$3,124 psf across the board, with a single unit sold recently. The rental market for MEYERHOUSE is vibrant, with the highest rent fetching S$9.47 per square foot per month, contributing to a healthy rental yield of 3.1% and an annualized capital gain of 3.9%, showcasing a 100% profitable transaction record.

AMBER PARK, another freehold residence set to complete in 2023, is located 1,012 meters away. It has seen 18 units sold at prices ranging from S$1,956 to S$3,085 psf, reflecting the diverse options available to buyers. Despite the absence of rental data, the project has demonstrated a promising 4.0% annualized capital gain, with 44.4% of transactions turning a profit.

The Continuum, with its vast array of 807 units, promises to be a significant addition to the district upon its completion in 2026. Positioned 1,659 meters from Meyer Blue, it offers units at an average price of S$2,740 psf, with the highest reaching S$3,016 psf. This development represents the expanding footprint of luxury living spaces in the area.

ONE MEYER is a boutique freehold development with 66 units, expected to complete in 2023 and located 632 meters away. It has recorded sales at an average price of S$2,831 psf, with a rental yield of 2.9% and an annualized capital gain of 1.3%, ensuring all transactions have been profitable.

LIV @ MB, offering a 99-year lease from 2021, will add 298 units to the mix by 2024. Although it’s slightly further at 511 meters, its units have been sold at an average of S$2,429 psf, indicating a strong demand for new developments regardless of tenure.

Meyer Mansion, nearing completion in 2024, is the closest to Meyer Blue at just 80 meters. This freehold project has sold units at an average of S$2,726 psf, despite a -1.1% annualized capital gain, indicating a temporary dip in its otherwise promising outlook.

Each of these developments, with their unique offerings and strategic locations, not only enriches the residential tapestry of the area but also provides potential Meyer Blue residents with a glimpse into the vibrant community and investment potential that awaits them.

NEARBY NEWER CONDO AROUND MEYER BLUE AT DISTRICT 15HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHSCOMPLETION
MEYERHOUSE$3,1242022
AMBER PARK$3,0852023
The Continuum$3,0162026
ONE MEYER$2,9332023
LIV @ MB$2,9092024
MEYER MANSION$2,9002024

Latest Updates As At  Monday, June 17th 2024 updated, Register to receive the price list and book showflat appointment when ready!

MEYER BLUE PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE

PSF$
A) Land Cost$1668
B) Construction Cost (estimate)$TBA
C) Profit Margin + Other Expenses (30% x [A+B] )$TBA
Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE)$TBA

Latest Information Meyer Blue Price List As At  Monday, June 17th 2024 updated, Register to receive the price list and book showflat appointment!