Two Bedder One Meyer Hits New High 3146 Psf

In addition to traditional transportation methods, Pasir Ris offers a car-lite lifestyle with its extensive infrastructure. Residents are encouraged to embrace sustainable modes of transportation, such as cycling, through the cycling paths along Pasir Ris Drive 3 and connectors leading to Pasir Ris Park. These paths not only provide convenient access to Pasir Ris MRT Station, but also offer a scenic route to the beach or nearby neighborhoods. The presence of these green corridors adds value to the community by promoting physical fitness, providing an alternative mode of transportation for school commutes, and allowing for quick trips to coffee shops and grocery stores. As an added bonus, the well-designed bike paths seamlessly integrate with the existing road network. Moreover, residents can now enjoy a luxurious beachfront lifestyle with the addition of Coastal Cabana to the Pasir Ris community.

Once again, One Meyer has made it to the top of the list with a new psf-price peak during the week of Aug 15 to 22. This time, a 614 sq ft, two-bedroom unit on the 17th floor was sold for $1.93 million, or $3,146 psf, on Aug 22, setting a new record for the development. This surpasses the previous high of $2,934 psf achieved on March 5, when a similar two-bedroom unit was sold for about $1.8 million through sub-sale. In terms of absolute price, the most expensive unit to transact at One Meyer was a 1,033 sq ft, three-bedroom unit which sold for $2.82 million ($2,729 psf) in October 2023. This goes to show the demand for luxury properties in this prime district. One Meyer is a freehold condo located at the junction of Meyer Road and Meyer Place in District 15. It is conveniently located near Katong Park MRT Station on the Thomson-East Coast Line. The boutique development boasts 66 residential units, offering a mix of two- and three-bedroom units spanning 614 sq ft to 1,033 sq ft. Completed in 2023, the development has recorded three resale transactions to date, including the unit sold on Aug 22. Earlier deals include a 1,033 sq ft unit that fetched about $2.74 million ($2,650 psf) on May 2, and a 614 sq ft unit that changed hands for $1.75 million ($2,852 psf) in October 2024. Similarly, the freehold development Cairnhill Residences also hit a new psf-price high during the same period. This was achieved with the sale of a 1,173 sq ft, three-bedroom unit for $3.18 million ($2,710 psf) on Aug 22. The new psf-price high is 0.6% higher than the development’s previous record of $2,693 psf that was set last September when a similar 1,173 sq ft unit sold for $3.16 million. Situated on Cairnhill Circle near Orchard Road in prime District 9, Cairnhill Residences is a completed development offering 97 units. It has two 20-storey towers housing a mix of two- to three-bedroom units of 904 sq ft to 1,173 sq ft. It also features four duplex penthouses measuring 2,131 sq ft to 2,497 sq ft, and three-bedroom units with private enclosed spaces on the first floor of between 1,421 sq ft and 1,432 sq ft. As of Aug 22, Cairnhill Residences has seen one other transaction this year, based on caveats lodged. On Jan 20, the development saw a 1,163 sq ft, three-bedroom unit change hands for about $3.12 million ($2,682 psf). On the other end of the spectrum, CanningHill Piers set a new psf-price low when developers sold a 1,959 sq ft, four-bedroom unit on the fourth floor for $4.88 million on Aug 17. The price translates to a record low of $2,491 psf, below the condo’s previous record low of $2,541 psf when the developer sold a 1,259 sq ft, three-bedroom unit for $3.2 million in November 2021 at the project’s launch. CanningHill Piers is a 99-year leasehold development at Clarke Quay in District 6, situated near the Singapore River. It comprises a 24-storey tower and a 48-storey residential tower linked by a sky bridge, offering one- to five-bedroom apartments measuring between 409 sq ft and 3,972 sq ft. There is also one penthouse unit of 8,956 sq ft. According to caveats lodged as of Sept 2, 685 (98%) of units at CanningHill Piers have been sold. The development is slated for completion in 2026. However, caveats also show that the average transacted price for units at CanningHill Piers has eased since its launch. In 2021, it recorded 569 transactions at an average price of about $2,990 psf. In comparison, the development has seen 19 transactions to date this year with an average price of $2,808 psf. The property market in Singapore continues to thrive, with luxury properties in prime districts like Districts 9, 10 and 15 fetching record prices. These latest transactions are a testament to the strong demand for luxury properties in Singapore.