Square Foot Research Singapore

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MEYERHOUSE

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Project Information

Project Name

MEYERHOUSE

Street Name

Meyer Road

Property Type

Condominium

Tenure

Freehold

District / Planning Area

D15 / Marine Parade

Completion

2022

Number of units

56 units

Indicative price range / Average*

S$ 2,537 - S$ 2,797 psf / S$ 2,648 psf

Indicative rental range / Average*

-

Implied rental yield

-

Historical high

S$ 2,800 psf in Nov 2021 for a 2,110-sqft unit

Indicative average price from historical high

-5.4%

Historical low

S$ 2,351 psf in Mar 2020 for a 3,240-sqft unit

Buyer profile by status#

Singaporean 45.3%, PR 20.8%, Foreigner 34.0%, Company 0.0%

Buyer profile by purchaser address#

HDB 6.7%, Private 93.3%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
MEYERHOUSE Freehold 2022 - 2,537 2,648 2,797 - - - -
THE MAKENA Freehold 1998 190 1,802 1,878 1,954 2.74 3.91 5.76 2.5
THE MEYERISE Freehold 2014 233 1,858 2,206 2,534 2.20 5.13 6.80 2.8
MEYER PARK Freehold 1985 294 2,707 2,707 2,707 1.70 2.61 3.27 1.2
MEYER MANSION Freehold Uncompleted 338 2,481 2,773 3,170 - - - -
HAWAII TOWER Freehold 1984 359 1,800 1,800 1,800 1.91 2.98 5.14 2.0
AALTO Freehold 2010 450 2,210 2,319 2,427 3.51 4.72 6.07 2.4
8M RESIDENCES Freehold 2016 541 2,064 2,064 2,064 4.71 5.92 6.73 3.4
AMBER SKYE Freehold 2017 545 2,255 2,280 2,305 4.09 5.65 6.84 3.0
SANTA FE MANSIONS Freehold 1997 560 1,551 1,575 1,598 2.90 3.65 4.57 2.8

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

The developer's estimated breakeven is for subscribers only. Subscribe now to see every bit of information!
Status Name Location Land attributes Estimated Breakeven

on 4 Oct 2017

(Now known as Amber Park)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 19,851.0
Site GFA (sqm) 55,583.0
Highest bid ($m) 906.7
Highest bid ($psf) 1,515.0
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer City Developments Ltd and Hong Realty

on 21 Sep 2017

(Now known as Nyon)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 2,117.5
Site GFA (sqm) 5,929.1
Highest bid ($m) 78.0
Highest bid ($psf) 1,222.2
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Aurum Land

on 24 Jan 2017

(Now known as Amber 45)

Street
Site use Residential
Sale Type
Tenure 0
Site area (sqm) 6,490.0
Site GFA (sqm) 13,629.0
Highest bid ($m) 156.0
Highest bid ($psf) 1,063.4
Number of bids
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer UOL Group Limited

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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