MEYER MODERN CONDOMINIUM
The Meyer Modern condo is a new freehold residential development in Singapore’s East Coast District 15, within 10 minutes drive from Marina Bay and the Central Business District. It sits on a prime parcel of land fronting East Coast Park that offers unblocked panoramic sea, park, and city skyline views. This project is being developed by one of the top local developers, Guocoland Limited, known for the many high-end residences under its belt.
Note: This is NOT an advertisement for sale. Project is pending approval from authorities.
Meyer Modern Singapore is being built on the site of the former Casa Meyfort, along Meyer Road in the Katong / Marine Parade neighbourhood. This part of District 15 ranks among its top residential areas. It will enjoy greater convenience once the Katong Park MRT station, about 6 to 7 minutes walk away, starts running in 2023.
About the Meyer Modern Condo Development
Meyer Modern will be a high-rise condominium in an exclusively private residential enclave. On its two sides is a row of similar residential high-rises, while facing north across Meyer Road is a sprawling low-rise landed estate that affords unblocked views over them for quite a distance.
On its south, it overlooks East Coast Parkway to the beach and sea. High floor south facing residents will get views all the way to the horizon, over the sea and to Kallang Basin and Gardens by the Bay. While residents on lower floors will either face the landed houses north across Meyer Road, or south to the East Coast Parkway. There are not a lot of condominiums in Singapore that give residents this level of privacy and luxury of wide open views.
The other advantage that Meyer Modern Singapore enjoys is its decent land size. There are few new freehold projects on a parcel of land large enough to accommodate a full suite of facilities and over 200 homes. Most new freehold projects tend to number less than 100 units. So there is some pent-up demand for this development type, including from neighbouring residents looking to invest in the estate, possibly as homes for their grown-up children.
Meyer Modern Singapore will cater to that demand. Besides being set in the desirable Meyer Road area, it is within 7 minutes walk to the future Katong Park MRT station. It is on freehold land, a diminishing commodity that is universally preferred over 99 year leasehold property, and hence commands a 20% to 30% premium.
And the developer is GuocoLand, one of Singapore’s most trusted real estate developers with a reputation for delivering quality work.
Meyer Modern Singapore . East Coast Condo
The East Coast area, including Meyer Road, has long been one of the most highly regarded and prized pieces of real estate in Singapore. There are several reasons for this. One is its history. Even from early colonial days, the town planning was such that the East Coast was where the affluent had seaside homes, really beside the sea before the days of reclamation. In some ways, East Coast was considered more prime than the Bukit Timah area.
Supporting its history as one of our most affluent suburbs, is its proximity and accessibility to the CBD and downtown core. Meyer Road, and hence Meyer Modern, occupies a city fringe location that is 10 minutes drive to the Marina Bay and Raffles Place business and financial centres. At the same time, it is within easy reach of Changi Airport, directly connected by an expressway.
But those are the tangibles. What really makes the locale stand out are its intangibles. The East Coast beach and park that stretches from one end of District 15 to the other. The sea breezes and open views that are little found elsewhere.
And above and beyond that is the distinct charm of the East Coast. This part of Singapore has escaped the re-building and HDB estates that have obliterated much of the past in other parts of the island. It still retains its older housing enclaves and architecture, especially the conserved Peranakan-influenced shophouses that line its roads and contribute in no small way to the familiar street scape and sense of community.
The only major disadvantage here is the traffic noise from the ECP (East Coast Parkway) on the south frontage of the Meyer Modern condo. However this applies to all condominiums fronting the ECP, and it does not seem to have deterred people from paying a premium to buy and stay in them. Residents who have gotten used to the ECP seem to think that the location, views and privacy they get in exchange more than make up for the noise.
MEYER MODERN SINGAPORE · FACTSHEET
|Status||Condominium (No restrictions on ownership)|
|Address||79 Meyer Road, Singapore 437906|
|Site Area||7,919.9 m² (85,249 sq ft)|
|Floor Area||22,175.72 m² (238,697 sq ft)|
|Description||Private high-rise condominium development of 250 luxury apartments with communal facilities, pool and basement carpark|
MEYER MODERN FLOOR PLANS
The Meyer Modern floor plan layouts are not ready yet. Please drop your contact details in the Form below if you wish for the Meyer Modern condo floor plans to be sent to you once available.
MEYER MODERN CONDO SITE PLAN
Meyer Modern Singapore is a high-rise condominium set within the exclusive private residential enclave of Meyer Road. It occupies a rectangular parcel of land that is slightly tilted in a north-easterly / south-westerly direction.
The site is flanked on both its east and west by similar high-rise condominium towers. Its main entrance is along Meyer Road, on the north side of Meyer Modern. Across this road is the expanse of the low-rise Mountbatten landed housing estate. While the south of the site fronts the East Coast Parkway (ECP) expressway, beyond which lies the East Coast Park and beach and lagoons.
Residents of higher floor units facing southwards will get open unblocked views of the sea and the Marina Bay and city skyline. North-facing units will also enjoy unobstructed views, but over the low-rise housing estate. You can expect plenty of natural light, and fresh sea breezes.
MEYER MODERN SHOWFLAT · VIEWING
The Meyer Modern showflat is not available for viewing yet. Please drop your contact details in the Form below if you wish to be kept updated when the Meyer Modern condo showflat is ready.
MEYER MODERN PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of
|Total Number of Units||250|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
MEYER MODERN PRICE RANGES
The Meyer Modern condo prices have not been decided yet. Please let us know via the Contact Form if you wish to be kept updated on the pricing when finalised.
MEYER MODERN PRICE BACKGROUND
The land for the development of Meyer Modern Singapore is that of the former Casa Meyfort. It was bought on 9 July 2018 by First Meyer Development, a unit of GuocoLand Limited, for SGD$319.88 million in an en-bloc collective sale.
In addition to this bid price, GuocoLand had to pay a development charge of around $57.2 million, which works out to a total of over $377 million for the land.
The Meyer Modern site spans an area of 85,249 square feet. Given the allowable master plan plot ratio of 2.8 for the site, this translates to a permissible gross floor area of 238,697 square feet. Which equates to a land rate of $1,580 per sq ft per plot ratio (PSF PPR) including the development charge.
After adding all costs involved in developing the site, including for construction, financing, marketing and overheads, GuocoLand could break even for the project at around $2,200 PSF.
This should give GuocoLand room for competitive pricing, as prices in District 15 have gone up a fair bit in recent years. As a comparison, Nyon at Amber Road recently launched at about $2,400 PSF, while One Meyer just started sales at around $2,600 PSF average.
For 99 year leasehold property further out, Seaside Residences at Siglap was 92% sold as of February 2019. Its most recent pricing averaged between $1,9xx to $2,xxx PSF, varying with the view, floor level, and facing.
(Freehold prices are generally around 25% higher, all things being equal. Sea view units command a premium too.)
MEYER MODERN SINGAPORE · DEVELOPER
About GuocoLand Limited (“GuocoLand” or “The Group”)
GuocoLand Limited listed on the SGX in 1978 and is headquartered in Singapore. It is a regional real estate player with projects spanning across Singapore, China, Malaysia and Vietnam. And in partnership with Eco World Development Group Berhad, it has delved into the Australian and UK markets since 2017.
The primary business of GuocoLand and its subsidiaries is real estate development, investment, and management, together with hotel operations. Their portfolio covers residential, commercial, hospitality, and integrated developments. In Singapore itself, the Group has undertaken over 35 residential projects that jointly contributed 10,000 residences to the local housing market.
GuocoLand is notable for its iconic Tanjong Pagar Centre, also known as Guoco Tower, a $3.2 billion mixed-use development at Tanjong Pagar. Standing at 290 m high, it is for the moment the tallest building in Singapore. A vertical city that comprises lifestyle retail and F&B space, the 5-star hotel Sofitel Singapore City Centre, Grade A offices at Guoco Tower, luxury apartments at Wallich Residence, and a landscaped urban park.
The Group has also completed a number of integrated developments and commercial projects, as well as townships in Malaysia. Furthermore it has built up a portfolio of properties across the major Chinese cities of Beijing, Nanjing, Shanghai, and Tianjin.
An Award-Winning Developer
One of GuocoLand priorities for its projects is eco-friendliness. A number of its developments have won environmental sustainability awards such as the BCA Green Mark Award. These include Wallich Residence, Elliot at East Coast, The Waterline, Sophia Residence, Goodwood Residence, Leedon Residence, The Quartz, and Sims Urban Oasis.
GuocoLand has also been conferred other awards and accolades both internationally and within Singapore, that bear testimony to the quality of their work. Like the FIABCI Property Awards, BCI Asia Awards, International Property Awards, and South East Asia Property Awards.
MEYER MODERN CONDO LOCATION · FEATURES
Location. The Meyer Modern location is along Meyer Road in the East Coast. This is an exclusively private enclave, an affluent suburb that ranks among the top residential areas of Singapore.
It fronts East Coast Park and Beach, and enjoys wide unobstructed sea views.
Nearest MRT Station. The Meyer Modern condo location is roughly 6 minutes walk, 460m from the upcoming Katong Park MRT station on the Thomson East Coast Line that is slated for completion by 2023.
F&B, Supermarkets, Shops, Banks. Parkway Parade is a prime favourite with East Coast residents, and where they often converge for their weekend shopping. There are a number of smaller malls like I12, but Parkway Parade and its surrounding HDB shops are where you can meet most of your everyday needs.
This de-facto heart of Katong has evolved to encompass a wide array of shops besides a department store, two supermarkets, fast food outlets and food court, restaurants and cafes, a cinema, and branches of every major retail bank. Although this is not within a reasonable walk from the Meyer Modern location, it will be directly linked to the Marine Parade MRT station, a couple of stops from Katong Park MRT station.
And of course, the Joo Chiat / Katong / Siglap area is a foodie’s haven. A huge variety of cuisines, from hawker foods and old time favourites, to more cosmopolitan fare and artisanal cafes, that line the lanes and five-foot ways around, to satisfy even the most exacting taste bud.
Schools & Academic Institutions. Primary schools within 2 km radius of the Meyer Modern location include Tanjong Katong Primary and Kong Hwa Primary.
Some other schools in the vicinity are Tao Nan Primary, Dunman High, Chung Cheng High, and Victoria Junior College. As well as the Chatsworth International School (East Campus), and Canadian International School (Tanjong Katong Campus).
Sports & Recreation. A feature of homes along the ECP is that they are within easy walking distance of East Coast Park and beach. Near the Meyer Modern condo location itself is an underpass to the beach. In addition, the park leads to a cycling path and park connector that links all the way past Kallang Basin, to Gardens by the Bay and Marina Bay.
Accessibility. One reason for the appeal of the East Coast to home-owners is how close it is to the CBD. The Meyer Modern location is under 3 minutes drive to the ECP via Fort Road. And from there one can get to the MCE (Marina Coastal Expressway) and KPE (Kallang Paya Lebar Expressway) within another couple of minutes.
So all in, it takes no more than 10 to 15 minutes driving time to get to Marina Bay and Raffles Place via the MCE. Those who travel frequently also find its direct expressway to Changi Airport very useful.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 31 to 33 Mins Walk to MRT
- 34 to 36 Mins Walk to MRT
- 37 to 39 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Dual Key Units
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Near to City
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Anglo Chinese Primary School (Barker Road)
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Kong Hwa Primary School
- Within 1KM of Maris Stella
- Within 1km of Methodist Girls' Primary School
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Nanyang Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Paya Lebar Methodist Girls' Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of Singapore Chinese Girls' Primary School
- Within 1KM of SJI Junior
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School