>

One Meyer, 1953 and The Essence preview

By Amy Tan

/ EdgeProp Singapore |

February 28, 2019 4:00 PM SGT

Three boutique developments previewed over the weekend of Feb 23-24: One Meyer by Sustained Land on Meyer Road; 1953 by Oxley Holdings located on the corner of Balestier Road and Tessensohn Road; and The Essence in Sembawang by Lian Soon Holdings, OKP Land and HSB Developments.

One Meyer is located across the road from Katong Park and the upcoming Katong Park MRT Station on the Thomson-East Coast Line, which is scheduled to be completed by 2023. The 66-unit project contains a mix of compact two- and three-bedroom units with sizes from 614 to 1,033 sq ft. Average indicative price is said to be in the $2,500 to $2,700 psf range.

One Meyer is a redevelopment of the former 11-unit The Albracca condo (Credit: Sustained Land)

Sustained Land purchased the One Meyer site in an en bloc deal for $69.12 million in July 2017. Hence, the project is a redevelopment of the former 11-unit The Albracca which sits on a 23,400 sq ft freehold site. All the units at One Meyer are said to be facing the sea.

Given its location, it will be a mere 20-minute MRT ride to the CBD in the future. It is just an 8-10 minute drive to the CBD and Marina Bay. The East Coast Park is a short distance away, via an underpass at Katong Park. One Meyer is scheduled for launch on March 9.

Another city-fringe development that previewed last weekend was 1953, a mixed-use development by Oxley Holdings. The project comprises a row of conservation shophouses that will be integrated with a new eight-storey building in the rear.

Located along Tessensohn Road, Oxley Holdings’ 1953 will comprise 58 residential units and 14 retail units on the first level in the row of conservation shophouses (Credit: Oxley Holdings)

The freehold development is located prominently at the junction of Balestier Road and Tessensohn Road. The 14 retail units have sizes ranging from 366 to 786 sq ft, while the 58 apartments are a mix of studios and one- to five-bedroom units from 441 to 1,658 sq ft. The apartments housed in the eight-storey block, will be priced from $1,800 psf. Some units are also located within the conservation shophouses. The prices of those have yet to be released.

The development is within a 10-minute walk to the City Square Mall, which is integrated with the Farrer Park MRT Station. It is also near the Boon Keng MRT Station. Both stations are located on the North East Line. The Central Expressway (CTE) is just a one-minute drive away and the CBD is a mere 10-minute drive.

Over in Sembawang, on Chong Kuo Road (just off Sembawang Road), is The Essence. The 99-year leasehold condo contains 84 units with a mix of one- to three-bedroom apartments sized from 538 to 1,679 sq ft. Prices start from $740,000 for a one-bedroom-plus-study unit, and from $1.55 million for a three-bedroom premium unit.

The project is within a short walking distance to the upcoming Springleaf MRT Station on the Thomson-East Coast Line. When the line is operational, it will be just a 20-minute train ride from Sembawang to the CBD and Marina Bay. The project is scheduled to open for public sales on March 2.