Two-bedder at One Meyer hits new high of $3,146 psf
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One Meyer topped the list of private non-landed properties that reached a new psf-price peak during the week of Aug 15 to 22. This comes with the sale of a 614 sq ft, two-bedroom unit on the 17th floor for $1.93 million, or $3,146 psf, on Aug 22.
The transaction marks the first time the development has crossed the $3,000 psf threshold. It surpasses the previous high of $2,934 psf set on March 5 from the sub-sale of a similar two-bedroom unit for around $1.8 million.
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.
The new high at One Meyer was achieved when a 614 sq ft unit fetched $1.93 million on Aug 22 (Photo: Google Maps)
One Meyer is a freehold condo at the junction of Meyer Road and Meyer Place in District 15, located near Katong Park MRT Station on the Thomson-East Coast Line. The boutique development houses 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.
Freehold development Cairnhill Residences also hit a new psf-price high during the period in review. 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.
Cairnhill Residences saw a new psf-price high of $2,710 psf when a 1,173 sq ft unit sold for $3.18 million on Aug 22 (Photo: The Edge Singapore)
Completed in 2009, Cairnhill Residences is located on Cairnhill Circle, near Orchard Road in prime District 9. The 97-unit development 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).
Read also: Orchard Sophia hits new low of $2,629 psf
At the other end of the table, 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.
The latest transaction falls 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 saw a new low of $2,491 psf with the sale of a 1,959 sq ft unit for $4.88 million on Aug 17 (Photo: Samuel Isaac Chua/The Edge Singapore)
CanningHill Piers is a 99-year leasehold development at Clarke Quay in District 6. The 696-unit condo, which fronts the Singapore River, comprises a 24-storey tower and a 48-storey residential tower linked by a sky bridge.
The development offers one- to five-bedroom apartments measuring between 409 sq ft and 3,972 sq ft, and one penthouse unit of 8,956 sq ft. Caveats lodged as of Sept 2 show that 685 (98%) of units have been sold. The development is slated for completion in 2026.
Caveats also show that the average transacted price for units at CanningHill Piers has eased since its launch. In 2021, the development 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.
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