Originally Posted by
zeamybro
Hi clemdale
Yeps, I agree that Meyer is more atas. In fact, I have vested interested in both areas, but I thought i would like to defend Tj Rhu a little this evening, hope you dont mind.
Tanjong Rhu has always been very popular with expats for rental. Projects like Sanctuary Green and WaterPlace are constantly fetching much better rental rates than projects of similar age at Meyer like Makena and Atria @ Meyer ($42 psm vs $32 psm). Reason being its more accessible to amenities with walking distance (~10min) to Stadium MRT and Kallang Leisure Park where u get the supermarket, restaurants, cinemas etc. The tenants are also attracted to the tranquil environment with very spacious parks by the water basin, and more recently the Gardens By the Bay East. Its pretty much a lifestyle thingie staying at Tj Rhu.
On the other hand, I agree Meyer, being near to the landed properties, give me a much more atas and high class feel. As I drive, I really appreciate the convenience as i get to hit the highway pretty fast and could reach suntec city in less than 10 min. Tj Rhu, on the other hand, is a pain to drive all the way in/out. But once the stadium is completed, it will be a breeze for the residents there to travel to town via Stadium Road/Nicoll Highway.
As for the prices, Meyer has newer projects like Seafront, Belvedere and Meyerise whereas Tj Rhu does not have any new projects for an apple to apple comparison. The newer projects at Meyer are really fetching at very good prices, and i wonder how would a new project (if any) at Tj Rhu be priced at? But if you were to compare the older projects of similar age, you will be surprised to find that most Tj Rhu projects (despite being LH) are transacting at almost similar psfs, if not better, than those FH projects at Meyer.
(1998, FH)
THE MAKENA 1,500,000 1,152 1,302 Sep-13
THE MAKENA 2,500,000 1,744 1,434 Sep-13
THE MAKENA 1,450,000 1,152 1,259 Aug-13
THE MAKENA 1,338,000 926 1,445 Aug-13
THE MAKENA 1,921,000 1,507 1,275 Jul-13
(1996 FH)
THE ATRIA AT MEYER 1,450,000 1,044 1,389 Sep-13
THE ATRIA AT MEYER 4,600,000 3,261 1,410 Aug-13
THE ATRIA AT MEYER 1,880,000 1,346 1,397 Apr-13
THE ATRIA AT MEYER 2,050,000 1,475 1,390 Mar-13
(1998 LH)
WATER PLACE 1,290,000 904 1,427 Sep-13
WATER PLACE 1,600,000 1,227 1,304 Sep-13
WATER PLACE 1,690,000 1,227 1,377 Jun-13
WATER PLACE 1,770,000 1,281 1,382 May-13
(1993 LH)
PEBBLE BAY 2,820,000 2,336 1,207 Oct-13
PEBBLE BAY 2,940,000 1,894 1,552 Sep-13
PEBBLE BAY 4,350,000 2,745 1,585 Sep-13
PEBBLE BAY 2,500,000 1,894 1,320 Sep-13
PEBBLE BAY 3,200,000 2,336 1,370 Jun-13
(1996 LH)
CAMELOT BY-THE-WATER 4,830,000 3,294 1,466 Aug-13
CAMELOT BY-THE-WATER 4,688,000 3,035 1,544 Jan-13
CAMELOT BY-THE-WATER 4,552,500 3,035 1,500 Dec-12
(1997 LH)
SANCTUARY GREEN 1,050,000 775 1,355 Oct-13
SANCTUARY GREEN 1,680,000 1,399 1,201 Oct-13
SANCTUARY GREEN 1,630,000 1,356 1,202 Oct-13
SANCTUARY GREEN 1,428,888 1,184 1,207 Oct-13
SANCTUARY GREEN 1,138,000 850 1,338 Jul-13