Meyer Blue Condo Review - A Luxury Development at the Highly Coveted Meyer Road in District 15

Meyer Blue Condo Review: Rare Freehold Luxury in District 15

This is a review of Meyer Blue, a freehold condo development along Meyer Road, the most exclusive private housing locale in Singapore’s District 15.

This city fringe site was acquired through the en bloc sale of the former Meyer Park condominium in February 2023 by a joint venture between UOL Group and Singapore Land Group. Spanning approximately 96,672 sq ft (8,981.1 sq m), Meyer Blue will offer 226 luxurious 2- to 5-bedroom units in a single block of 26-storey high where those on the higher floors enjoy unobstructed sea and city views.

With the Katong Park MRT station on the Thomson-East Coast Line roughly a 6-minute walk away, residents will have direct access to the city and many amenities. In addition, residents can easily access the popular East Coast Park via an underground pedestrian pass below the expressway (ECP).

In this review of Meyer Blue, it will offer an unbiased evaluation of the following:

To receive the latest information on the project or to register your interest, please WhatsApp me.

Why Invest in Meyer Blue Condo?

  • Developers' Reputation: The joint venture between UOL Group and Singapore Land Group, two of Singapore's most reputable real estate developers, instils confidence in the quality and long-term value of the development.
  • Highly coveted address: Meyer Blue is strategically located along the highly coveted Meyer Road, the most coveted address in District 15 and one of the most desirable private housing precincts in Singapore.
    Freehold Tenure: The scarcity of freehold properties in Singapore is an added allure, especially for those looking for long-term investment and legacy planning.
  • Modern and eco-friendly designs: Modern and efficient layout a focus on sustainable and energy-efficient features.
  • High standard of living: Unparalleled convenience, and a peaceful yet vibrant living experience.
  • Unobstructed views: The development's architectural design and landscaping will be carefully curated to create a visually striking and harmonious living environment. Many units will feature exceptional unobstructed views, either facing the landed estate, sea or city.
  • Connectivity and Accessibility: A 6-minute walk to the upcoming Katong Park MRT station on the Thomson-East Coast Line and near major expressways, Meyer Blue provides residents with seamless access to Singapore's extensive public transportation network. This connectivity allows for effortless commuting to the Central Business District and other key employment hubs.
  • Proximity to Amenities: Residents will enjoy easy access to a wealth of shopping, dining, and educational amenities within close proximity.
  • A plethora of leisure activities: Located next to the East Coast Park and near the Singapore Sports Hub, residents will enjoy a wide range of leisure and active sporting activities.
  • Potential for Capital Appreciation: The redevelopment of the surrounding areas and infrastructure developments suggest that properties in this neighbourhood may experience strong capital appreciation over time.

Meyer Blue Project Fact Sheet

DescriptionDetails
Project NameMeyer Blue (Former Meyer Park)
Address81, 83 Meyer Road
Housing Development TypeProposed residential flat development comprising of 1 block of 26-storey apartments (total 226 units), 1 level basement carpark, swimming pool, and communal facilities on Lot 04029P MK 25 at Meyer Road (Marine Parade Planning Area)
DeveloperUnited Venture Development (No. 6) - an 80/20 joint venture company between UOL Group and Singapore Land Group
TenureFreehold
Land Use / Plot RatioResidential / 2.8
Land Size8,981.1 sq m / 96,672 sq ft
Purchase Price (En Bloc) / Land Cost$392.18m / $1,668 ppr psf
No. of Storey1 block, 26-storey
No. of Units226 units
Unit Types2-5 bedrooms

Who are the Developers of Meyer Blue?

UOL Group and Singapore Land Group are the joint developers of Meyer Blue. Both are established and respected names in Singapore's real estate landscape.

As two of Singapore's leading developers, they are renowned for their collaboration in creating luxurious residential homes. UOL and SingLand are prominent property players that boast a diverse portfolio. Together, they leverage their expertise to develop high-end condominiums in sought-after locations under their "Masterpiece" collections which feature extensive water features and landscaping.

Their partnership has yielded prestigious addresses like Watten House, a low-density development on the exclusive Shelford Road in prime District 11. This collaboration extends to MeyerHouse, a luxury and award-winning condo project on the East Coast, showcasing their ability to deliver opulence across distinct districts.

The recent acquisition of a prime Orchard Boulevard site further underscores their extensive presence in Singapore's luxury property segment.

 

What are the Prices for Meyer Blue Condo?

The prices for Meyer Blue Condo are not available yet.

Nevertheless, judging from its land cost and selling prices of nearby condo developments, we can roughly gauge its average selling price.

UOB Group and Singapore Land Group acquired the approximately 96,671.8 sq ft (8,981.1 sq m) site via en bloc of the former Meyer Park Condominium for $392.18 million. Including a land betterment charge of about $90.9 million, the land rate works out to approximately $1,668 per sq ft per plot ratio, which factors in a 7% bonus floor area.

Hence, Meyer Blue can be expected to sell for around $3,200 psf on average. Meanwhile, MeyerHouse, launched in June 2019 and located nearby, was transacted at $3,124 psf for a 2,971 sq ft 4-bedroom unit on the fourth floor on 20 January 2024.

Given that Meyer Blue is expected to offer smaller units, prices will be higher on a psf-wise.

 

Where is Meyer Blue Located?

Meyer Blue Condo is along Meyer Road in the hugely popular District 15 and arguably one of the most coveted addresses in Singapore.

Meyer Blue Condo LocationThe surrounding neighbourhood is characterised by a harmonious blend of high-end condominiums and landed properties, and conserved heritage houses, creating an exclusive and upscale ambience.

Residents living on the higher floors will enjoy wide unobstructed views. North-facing units will have serene vistas of the landed homes that stretch quite a distance. South-facing apartments will get views of the East Coast Park and sea, which lies almost next to it. Those facing the west will have views of the city’s skyline.

The upcoming Katong Park MRT station (TE24) on the Thomson-East Coast Line is situated within a 6-minute walking distance. Together with the East Coast Parkway located a stone’s throw away, they provide easy connectivity to the Central Business District (CBD), Marina Bay, Orchard, and in the future, Changi Airport.

The development is situated close to a wide range of shopping and dining establishments, providing residents with ample convenience and options. These include Parkway Parade, 112 Katong, Katong V, Paya Lebar Quarter (PLQ), Marine Parade Central Market and Food Centre, and Geylang Serai Market,

For a more cultural experience, conserved shophouses at Joo Chiat and Katong provide a vibrant atmosphere and unique finds such as Peranakan antique shops and museums.

In addition, Meyer Blue is situated near several renowned educational institutions. These include Tao Nan Primary School, Tanjong Katong Girls’ School, and Victoria Junior College, making the development an attractive choice for families with school-going children.

 

Meyer Blue's Design Features

Meyer Blue is poised to redefine contemporary living, offering a harmonious fusion of luxury, comfort, and nature.

The development's architectural design and landscaping will be carefully curated to create a visually striking and harmonious living environment.

The condominium is anticipated to feature a range of unit types, from spacious one-bedroom apartments to expansive multi-bedroom units, catering to the diverse needs and preferences of potential residents. Please Whatsapp me for the latest project information.

Each unit will be designed with meticulous attention to detail, ensuring optimal functionality and a seamless integration of indoor and outdoor spaces.

One of the key highlights of Meyer Blue is the exceptional unobstructed views that many units on the higher floor will offer, either facing the landed estate, sea, or city. This unique vantage point will provide residents with a sense of tranquillity and exclusivity, further enhancing their overall living experience.

The development's architectural design will also incorporate sustainable and energy-efficient features, reflecting the developers' commitment to creating environmentally-conscious living spaces. This focus on sustainability will not only contribute to the long-term sustainability of the project but also provide residents with the added benefit of reduced utility costs and a more eco-friendly lifestyle.

 

Convenient Transportation Access and Connectivity

Residents at Meyer Blue Condo will enjoy convenient access to various parts of Singapore, thanks to the upcoming Katong Park MRT station (TE24) on the Thomson-East Coast Line. With the station just a 6-minute walk from the development, it will offer a direct connection to the Central Business District (CBD) and Marina Bay within 15 minutes.

Katong Park MRT station on the Thomson-East Coast Line

Katong Park MRT Station

In the future, it will extend directly to Changi Airport and Changi Region, a major employment centre in the eastern part of Singapore.

For those who drive, the condo is conveniently located next to the East Coast Parkway (ECP) which offers easy access to the city centre and other parts of Singapore. Additionally, other major expressways like the Marina Coastal Expressway (MCE) and Kallang-Paya Lebar Expressway (KPE) are within a short drive, enhancing broader transport connectivity.

Public bus services are also readily available along Meyer Road and the surrounding areas, providing alternative travel options for residents.

 

Shopping Malls and Food Havens

Residents of Meyer Blue can look forward to a wealth of shopping and dining options located nearby. In the immediate vicinity are a variety of shopping malls that include the Parkway Parade, Katong Shopping Centre, and i12 Katong, offering a diverse range of retail and dining options to cater to the diverse needs and preferences of residents.

Property Review by Lance Kuan - Parkway Parade

Parkway Parade

Property Review by Lance Kuan - i12 Katong

i12 Katong

Besides shopping, the area is renowned for its vibrant culinary scene. Places like Katong, Joo Chiat and East Coast Road are popular food havens. Home to a plethora of well-known restaurants, cafes, confectioneries, and hawker centres, residents will be spoilt by the wide array of local and international cuisines on offer.

Property Review by Lance Kuan - Restaurants in Joo Chia and Katong

Restaurants in Joo Chia and Katong

Chin Mee Chin Confectionery at Katong

Chin Mee Chin Confectionery

Leisure Offerings Near Meyer Blue

As Meyer Blue is located just opposite East Coast Park, residents will get to enjoy a wide range of activities, from jogging and cycling to picnicking and water sports.

There are also two large playgrounds, namely Marine Cove and Coastal PlayCove.

Marine Cove is a massive 3,500 sq m playground with two separate areas for little ones (aged 2 to 5) and bigger kids (5 to 12). It has a lighthouse-inspired play tower, toddler play areas, and inclusive play equipment. Next to it is a McDonald's fast-food restaurant for those looking for a convenient snack break.

As for the Coastal PlayCove, it offers a water play area, a four-storey high slide, sand play, climbing activities, and a nature play garden.

For sports enthusiasts, the nearby Singapore Sports Hub with its world-class facilities offers various sporting events and entertainment, as well as a diverse range of recreational options. Residents can enjoy watching live sporting events, participate in fitness classes, or simply explore the hub's diverse offerings.

Marine Cove Playground at East Coast Park

Marine Cove

Coastal PlayCove at East Coast Park

Coastal PlayCove

Vibrant Arts and Cultural Scene

The vicinity of Meyer Blue, particularly around the Katong-Joo Chiat district, has long been celebrated for its captivating blend of Peranakan heritage and contemporary arts.

This vibrant neighbourhood celebrates the unique cultural identity of the Peranakans, an ethnic group that has blended Chinese, Malay, and European influences over centuries.

Residents and visitors can immerse themselves in the area's rich history by admiring the well-preserved heritage shophouses and colonial bungalows. There are also private Peranakan museums such as The Intan and Katong Antique House where a treasure trove of artefacts, costumes, and furniture give visitors unique insights into the Peranakan way of life, history, and culture.

District 15 Property Review by Lance Kuan - The Intan Peranakan Museum

The Intan Peranakan Museum

 

District 15 Property Review by Lance Kuan - Katong Antique House

Katong Antique House

Complementing this cultural immersion is a thriving culinary scene. Here, visitors can embark on a gastronomic journey through Peranakan cuisine, a vibrant tapestry of flavours reflecting the area’s multicultural heritage.

Beyond food, the district also boasts a thriving arts scene, with initiatives like the annual ARTWALK festival bringing the community together through public art, live music, and cultural workshops. This is a testament to Singapore's ability to seamlessly weave its past and present for an immersive arts and cultural experience.

In addition, the Goodman Arts Centre, located just a 5-minute drive from Meyer Blue, offers a vibrant arts space with a variety of age-specific programmes for families to enjoy. It features a free-access arts space that changes annually, as well as ticketed programmes and events.

Meyer Blue Review: Peranakan dumplings and traditional delicacies.

Peranakan delicacies and snacks

 

Meyer Blue is located near the Goodman Arts Centre

Goodman Arts Centre

Educational Institutions Near Meyer Blue

Meyer Blue's excellent location ensures that residents have access to a good choice of sought-after educational institutions. These include Tao Nan School, Tanjong Katong Primary School, Haig Girls' School, Tanjong Katong Girls’ School, Dunman High School, Victoria School, and Victoria Junior College, to name a few.

These renowned schools provide excellent academic and extracurricular needs for children, making Meyer Blue an attractive choice for families to set up home.

Moreover, according to a study by the NUS Institute of Real Estate Studies, properties located near good schools command a price premium over those that are further away.

Tao Nan School is located near Meyer Blue Condo

Tao Nan School

 

Dunman High School is located near Meyer Blue Condo

Dunman High School

Review Conclusion - Meyer Blue’s Investment Prospects

Meyer Blue's freehold tenure, a highly coveted address in District 15, and convenient access to the city, are some of the key factors that will underpin its investment prospects.

Freehold properties are increasingly rare in Singapore, and they can only come from en bloc sales, as the Singapore government no longer sells freehold land for private residential developments.

Moreover, Meyer Blue’s relatively large land size of 96,671.8 sq ft (8,981.1 sq m) makes it even rarer. The larger unit count in the development can help generate a more active resale and rental market, which is crucial for future sales.

 

Who Should Consider Investing in Meyer Blue?

  • Investors seeking a long-term, secure investment in a prime location, as well as those looking for legacy planning.
  • Families looking for convenience with access to a plethora of amenities and good schools.
  • Individuals with a preference for high-quality freehold properties.
  • Those targeting high net-worth tenants seeking luxury accommodation.

Pros and Cons of Investing in Meyer Blue

Here are the key pros and cons of investing in the Meyer Blue condominium development:

  • Pros:
    Prime locale in District 15 along the prestigious Meyer Road, close to East Coast Park and the upcoming Katong Park MRT station.
  • Direct train access and a short drive to the city.
  • Excellent connectivity via nearby major expressways like the ECP and MCP.
  • Freehold tenure, which is increasingly rare in Singapore, provides long-term investment value.
  • Unobstructed sea and city views from many higher units add significant appeal and value.
  • Developed by reputable joint venture partners UOL Group and Singapore Land Group, known for their high-quality “Masterpiece” developments.
  • Proximity to a wide range of amenities like shopping, dining, and prestigious schools.
  • Potential for strong rental demand and capital appreciation due to the prime location and freehold status.

Cons:

  • High prices and maintenance fees due to the luxury nature of the development and its freehold tenure, potentially pricing out some buyers.
  • The imposition of punitive ABSD on foreigners purchasing Singapore properties may temper the pace of capital appreciation.
  • Potential noise and air pollution from the busy nearby East Coast Parkway.
  • Traffic congestion in the area during peak hours and seasonal influx of visitors (such as school holidays) to East Coast Park.

 

Comparative Market Analysis

Below is a chart on how some of the condos near Meyer Blue have performed since their launch. As can be seen, most of them have performed well.

Name of CondoStatusNo. of Units Launch DatePrice Appreciation (psf)
Meyer MansionFreehold200September 2019+4.46%
MeyerHouseFreehold56May 2019+19.70%
MeyeriseFreehold239September 2011+28.29%
The Seafront On MeyerFreehold327March 2007+41.67%
Meyer Blue - A Comparative Market Analysis

Comparative Market Analysis

Two of the newest condos in the area are Meyer Mansion and MeyerHouse. Launched in September 2019 and May 2029 respectively, both have been fully sold.

Although Meyer Mansion has underperformed MeyerHouse, it should be viewed from a proper perspective.

MeyerHouse offers a mix of only 56 units of 3- and 4-bedders with areas ranging from 1,862 sq ft to 5,683 sq ft, catering to a particular market segment looking for more exclusivity and spacious homes.

In contrast, Meyer Mansion offers a broader range of unit types – 200 units of 1- to 4-bedders, with sizes ranging from 484 to 2,142 sq ft.

Additionally, MeyerHouse has a higher percentage of foreign buyers (33.3%) compared to Meyer Mansion (5.7%). Foreign buyers, especially those looking for luxury properties in prime locations, may be less sensitive to price changes (ie, before the Singapore government imposed a 60% ABSD charge in April 2023).

Nevertheless, despite the hefty hike in Additional Buyer's Stamp Duty (ABSD) for foreign investors, properties located along Meyer Road have demonstrated continued resilience. This can be attributed to the district's enduring appeal, offering residents exceptional connectivity with convenient access to the city centre. Additionally, residents enjoy close proximity to shopping malls, esteemed educational institutions, and the tranquillity of East Coast Park. These factors are important considerations for property investment decisions.

With the slew of property cooling measures imposed by the Singapore government to stamp out speculation, the above-mentioned attributes of Meyer Blue will ensure both homeowners and investors a promising long-term investment.

Please WhatsApp me for the latest project information or to register your interest in Meyer Blue.

 

Posted in Rest of Central Region, New Properties.

Hi, I'm Lance Kuan, an Associate Marketing Manager at Huttons Asia Pte Ltd, one of the largest property agencies in Singapore.

With almost 30 years of experience in banking, investment and market analysis, I now find immense pleasure in helping others in property investment and asset progression.

My blog - Sg Home Investment - offers essential property reviews, research and guides to help buyers make an informed investment decision. Please feel free to WhatsApp Me if you have any queries about the real estate market in Singapore.