One Meyer Review: 66-Unit Freehold Condo Opposite Katong Park MRT

Short answer: One Meyer is a 66-unit freehold condo in a single 19-storey tower at 1 Meyer Place, District 15, developed by SL Capital (5), a joint venture led by Sustained Land. It received TOP in April 2023 and has only two- and three-bedroom units, from 614 to 1,033 sq ft. Katong Park MRT station is directly opposite.

Updated 30 September 2026. This page replaces an earlier version that contained incorrect facts; see the correction note at the end.

What is One Meyer?

Sources: Sustained Land (partners, former site, units per floor, tenure); EdgeProp, 21 March 2024 (location, unit count and sizes, TOP); EdgeProp project page (developer entity, site area, storeys); Stacked Homes directory (architect, unit mix); address and distances from OneMap.

The earlier version of this page named GuocoLand as the developer. We found no source linking GuocoLand to One Meyer; every source we checked names the Sustained Land joint venture.

What unit types does One Meyer have?

There are no one-bedroom or four-bedroom units. The Stacked Homes directory lists this mix, which adds up to 66:

The developer says every unit faces the East Coast, looking over Katong Park towards the sea.

What do One Meyer units sell for?

EdgeProp's project page gives an average of S$2,845 psf over the 12 months to 30 September 2026, from a small number of deals; Stacked Homes counts four resales in that period. We checked the arithmetic: S$1.8 million less S$1.602 million is S$198,000, and S$1.7 million ÷ 614 sq ft is about S$2,769 psf. The psf figures in the table are the sources' own, calculated from unrounded prices.

With only 66 units, One Meyer trades rarely, so a single sale can move its average noticeably. Check URA's private residential transaction search for current data.

What does One Meyer rent for?

Stacked Homes counts 23 leases between September 2025 and August 2026, at a median of S$5,600 a month. Two-bedroom units had a median of S$4,400 (12 leases) and three-bedroom units S$6,200 (11 leases). Stacked Homes estimates the gross yield at about 2.9%; EdgeProp puts it at 2.8%. Both are the sources' estimates, not ours.

How far is One Meyer from the MRT?

Katong Park station (TE24) on the Thomson-East Coast Line is directly across Meyer Road; OneMap coordinates put the station about 50 m away in a straight line, and Stacked Homes gives a two-minute walk of about 210 m. The station opened on 23 June 2024 as part of Thomson-East Coast Line Stage 4 (LTA). The nearest Circle Line station, Mountbatten (CC7), is about 950 m away in a straight line. Dakota station, named in the earlier version of this page, is not the nearest.

Stacked Homes lists Kong Hwa School (about 1.4 km) and Tanjong Katong Primary School (about 1.7 km) as the nearest primary schools; neither is within 1 km.

Who might One Meyer suit?

This is a summary of trade-offs, not a recommendation. What is distinctive: freehold tenure, an MRT station across the road, open views over Katong Park, and a very small development of 66 homes. The trade-offs: the largest unit is 1,033 sq ft, so there are no family-sized four-bedroom homes; there is no primary school within 1 km; and a small project has few transactions, which makes pricing harder to benchmark. It sits beside the East Coast Parkway, Marina Coast Expressway and Kallang-Paya Lebar Expressway interchange, which the developer presents as convenient for drivers; buyers sensitive to traffic noise may want to visit at peak hours.

FAQ

Who developed One Meyer? SL Capital (5) Pte Ltd, a joint venture of Sustained Land, Ho Lee Group, Goodland Group and Kwong Lee Land. It is not a GuocoLand project.

Is One Meyer freehold? Yes.

How many units does One Meyer have? 66, in a single 19-storey tower.

When was One Meyer completed? It received its Temporary Occupation Permit in April 2023.

Which MRT station is nearest to One Meyer? Katong Park station on the Thomson-East Coast Line, directly opposite the development.

Correction

30 September 2026: An earlier version of this page said One Meyer was a 60-unit GuocoLand project at 1 Meyer Road with two- to five-bedroom units of about 936 to 3,886 sq ft, about 950 m from Dakota MRT. It has 66 units, was developed by SL Capital (5), a Sustained Land-led joint venture, and stands at 1 Meyer Place; it has only two- and three-bedroom units from 614 to 1,033 sq ft, and Katong Park station is directly opposite. Unsupported claims about nearby schools, amenities and appreciation were removed, as was an offer of a paid "full report".

Disclaimer: This page is for information only and is not investment advice. SG Properties is not a licensed estate agency and is not affiliated with the developer.

Sources

• Sustained Land: One Meyer (partners, former site, tenure, design)
• EdgeProp: One Meyer hits new high of $2,934 psf (21 March 2024)
• EdgeProp: One Meyer project page (developer entity, site area, prices, rental yield; checked 30 September 2026)
• Stacked Homes: One Meyer directory page (architect, unit mix, recent sale, rents, schools; checked 30 September 2026)
• LTA: Thomson-East Coast Line 4 to welcome commuters from 23 June 2024
• OneMap (Singapore Land Authority) (address, coordinates)

Related reading

• Lease decay in Singapore: CPF and HDB loan rules at 60 and 30 years left
• One Meyer in our directory
• More condo reviews