The Seafront on Meyer is a 327-unit Freehold condominium developed by CapitaLand Residential, completed in 2010 along the storied Meyer Road stretch of District 15. Positioned within the Rest of Central Region (RCR) framework defined by URA Master Plan, the project sits at the intersection of two enduring Singapore residential narratives: the East Coast lifestyle corridor and the rapidly evolving Tanjong Katong precinct anchored by the Thomson-East Coast Line (TEL). Its scarcity tenure, sea-facing orientation, and CapitaLand provenance combine to create a benchmark Freehold address in one of Singapore’s most consistently demanded prime-fringe districts.
Snapshot as of 2026-05 — figures above reflect publicly available URA/HDB data at the time of this editorial review (as of 2026-05).
District 15 — encompassing Katong, Marine Parade, Meyer, and Tanjong Rhu — has historically commanded a tenure premium because Freehold sites are structurally scarce: most coastline parcels here pre-date the 99-year leasehold framework that dominates newer mass-market districts. According to the SingStat Property Price Index series, RCR prime-fringe assets have demonstrated lower drawdown volatility than OCR mass-market comparables across multiple cycles. The Meyer Road sub-pocket specifically benefits from a triangulated demand base: established Singaporean upgraders priced out of the CCR, returning Permanent Residents seeking sea-view permanence, and accumulators rotating from leasehold OCR product into Freehold legacy holdings. The 2026 ABSD framework (60% for foreign buyers, 30% for entity purchases) per IRAS stamp duty schedules has narrowed the buyer pool but simultaneously reinforced the local-Singaporean accumulation thesis that historically supports Meyer addresses.
We track 65 sales and 433 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the THE SEAFRONT ON MEYER dashboard.
- Average sale price: $3,648,374 across 65 transactions
- Estimated gross rental yield: 2.3%
- District 15 PSF ranking: Premium tier (top 11%)
- Freehold tenure · RCR · D15 · 327 units
About THE SEAFRONT ON MEYER
THE SEAFRONT ON MEYER is a freehold condominium, located at MEYER ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by CAPITALAND RESIDENTIAL LTD, comprising 327 residential units, completed in 2010.
As a freehold property, THE SEAFRONT ON MEYER does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at THE SEAFRONT ON MEYER:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 12 | $2,124 psf | $2,263,417 |
| 4 BR | 31 | $2,130 psf | $3,407,452 |
| 5+ BR | 22 | $2,122 psf | $4,743,287 |
Sales Market Overview
THE SEAFRONT ON MEYER has recorded 65 sale transactions with an average transaction price of $3,648,374, ranging from $1,800,000 to $9,000,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 19 | $1,889 psf | $3,284,490 | — |
| 2022 | 11 | $2,034 psf | $3,907,091 | ↑ 7.7% |
| 2023 | 11 | $2,172 psf | $3,251,818 | ↑ 6.8% |
| 2024 | 14 | $2,342 psf | $3,968,429 | ↑ 7.8% |
| 2025 | 8 | $2,421 psf | $4,220,375 | ↑ 3.4% |
| 2026 | 2 | $1,944 psf | $3,335,000 | ↓ 19.7% |
THE SEAFRONT ON MEYER ranks in the top 11% of condos in District 15 by average PSF.
Compared to the RCR average of $2,047 psf, THE SEAFRONT ON MEYER trades 3.9% above the segment benchmark.
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Rental Market Overview
THE SEAFRONT ON MEYER has recorded 433 rental transactions with monthly rents averaging $7,020/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 86 | $4,587/mo | $2,500/mo | $6,500/mo |
| 3 BR | 211 | $6,794/mo | $4,325/mo | $9,950/mo |
| 4 BR | 136 | $8,908/mo | $6,200/mo | $11,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 92 | $5,613/mo |
| 2022 | 66 | $6,210/mo |
| 2023 | 89 | $7,785/mo |
| 2024 | 77 | $7,453/mo |
| 2025 | 92 | $7,858/mo |
| 2026 | 17 | $7,268/mo |
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Investment Analysis
Based on average rents and sale prices, THE SEAFRONT ON MEYER delivers an estimated gross rental yield of 2.3%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,537 psf | 909 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 754 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,462 psf | 634 |
| AMBER PARK | Freehold | 592 | $2,544 psf | 392 |
Location Map
Map shows THE SEAFRONT ON MEYER (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- THE SEAFRONT ON MEYER
- Katong Park MRT
- Tanjong Katong MRT
- Mountbatten MRT
- Dakota MRT
- Tanjong Katong Primary School
- One World International School (Mountbatten)
- Tao Nan School
Nearby MRT Stations
THE SEAFRONT ON MEYER is 420m from Katong Park MRT (Thomson-East Coast Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Katong Park | TE24 | Thomson-East Coast Line | 420m |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.0 km |
| Mountbatten | CC7 | Circle Line | 1.2 km |
| Dakota | CC8 | Circle Line | 1.3 km |
Nearby Schools
There are 11 schools within 2 km of THE SEAFRONT ON MEYER.
| School | Type | Distance |
|---|---|---|
| Tanjong Katong Primary School | Primary | 1.4 km |
| One World International School (Mountbatten) | International | 1.5 km |
| Tao Nan School | Primary | 1.6 km |
| CHIJ (Katong) Primary | Primary | 1.7 km |
| Haig Girls' School | Primary | 1.7 km |
| Geylang Methodist School (Secondary) | Secondary | 1.7 km |
| Geylang Methodist School (Primary) | Primary | 1.8 km |
| Broadrick Secondary School | Secondary | 1.8 km |
| EtonHouse International School (Broadrick) | International | 1.8 km |
| Canadian International School (Tanjong Katong) | International | 1.9 km |
| Tanjong Katong Girls' School | Secondary | 1.9 km |
- Freehold tenure in a leasehold-dominated market: Among the 327 units here, the absence of lease decay is structurally underwritten — a meaningful divergence from the 99-year norm that affects most newer District 15 launches. Stress-test the impact on bank-loan LTV horizons via the lease decay calculator.
- CapitaLand build quality and estate management: The developer’s flagship positioning during the 2007–2010 launch cycle translated into above-market specification levels (premium fittings, generous unit layouts, mature landscaping) that have aged well versus contemporaneous boutique developments.
- Sea-view orientation with Meyer Road frontage: Higher-floor north-facing stacks capture unobstructed views over the East Coast Park reclamation toward the Singapore Strait — a premium that is functionally unrecreatable in the current land-sale pipeline given coastline constraints.
- Tanjong Katong MRT (TE25) connectivity upside: The TEL Stage 4 opening has materially shortened commute times to Orchard, Marina Bay, and the future Founders’ Memorial precinct — benchmark this against other District 15 properties using comparable transit data.
- East Coast lifestyle amenity stack: 5-minute proximity to East Coast Park, Parkway Parade mall, i12 Katong, Katong Square F&B cluster, and the Marine Parade hawker centre — visualise the cluster density on the price heatmap.
- Established resale liquidity profile: Compared with smaller boutique Freeholds nearby, the 327-unit count produces sufficient transaction volume for reliable price discovery — benchmark side-by-side against alternatives via the property comparison tool.
- ABSD compression of the foreign-buyer pool: The 60% ABSD rate per IRAS has effectively removed foreign discretionary demand — previously a meaningful component of Meyer-area transactions in pre-2023 cycles. Resale velocity now depends predominantly on the local upgrader and PR cohorts.
- Maintenance fee trajectory at 15+ years post-TOP: Major capital works (lifts, façade refurbishment, MEP renewal) typically commence in the 15–20 year window; sinking-fund adequacy and special-levy risk merit close inspection of recent AGM minutes before commitment.
- Sea-view obstruction risk from future GLS sites: URA Government Land Sales coastline parcels remain a structural overhang — new high-rise launches along Meyer/Mountbatten could partially impair view premiums for affected stacks.
- Price-per-square-foot premium versus leasehold comparables: Freehold tenure commands a 15–25% PSF premium that may not fully amortise within typical 5–10 year holding periods, particularly if buyer profile is rental-yield focused rather than legacy-hold — the MAS TDSR framework further constrains leveraged exit timing.
The Seafront on Meyer fits a specific accumulator profile rather than a generalist mass-market buyer. The natural cohort is the established Singaporean or PR household with primary-residence flexibility, a 10–20 year holding horizon, and a portfolio strategy oriented toward Freehold legacy assets rather than yield-maximised leasehold rotation. Foreign buyers are structurally challenged by current ABSD calibration. Families prioritising East Coast schooling (Tao Nan, CHIJ Katong Convent, Tanjong Katong Primary catchments) and direct East Coast Park lifestyle access find this address particularly compelling. Conversely, first-time buyers stretching TDSR to access prime Freehold, or yield-focused investors comparing against OCR leasehold rental returns, will likely find better risk-adjusted alternatives. A scenario analysis using the affordability calculator is essential before commitment given the Freehold PSF premium.
The Seafront on Meyer represents a legitimate Freehold legacy proposition in one of Singapore’s most cycle-resilient prime-fringe districts, with CapitaLand provenance and Tanjong Katong TEL connectivity providing structural underpinning. The investment thesis is strongest for accumulators with long-duration capital and weakest for yield-arbitrage or short-horizon strategies. Pricing should be benchmarked against contemporaneous Freehold transactions in the immediate Meyer/Mountbatten corridor rather than against broader District 15 leasehold comparables, which understate the tenure premium. Due diligence on sinking-fund adequacy and forward GLS coastline supply is non-negotiable before commitment.
FAQ
What is the average price for THE SEAFRONT ON MEYER?
What is the rental yield for THE SEAFRONT ON MEYER?
Is THE SEAFRONT ON MEYER freehold or leasehold?
How does Tanjong Katong MRT (TE25) on the Thomson-East Coast Line affect this property specifically?
What are the main risks specific to this development as it ages past 15 years post-TOP?
Is this suitable for foreign buyers in the current ABSD environment?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 65 transactions analysed
- Rental data: 433 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for THE SEAFRONT ON MEYER
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