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Meyer Road attracts buyers for high-end private residential development
Mar 10, 2023
Meyer Road attracts buyers for high-end private residential development Singapore
By   Internet
  • City News
  • High-end private residences
  • luxury flats
  • sea view flats
Abstract: After three tenders, Meyer Park, a private freehold development on Meyer Road, has finally found a buyer, with UOL and Singland set to develop it into a high-end private residential development.

There are a number of freehold private developments in Meyer Road, with the sea views along the east coast being a major selling point for buyers.

 

The MeyerHouse, a luxury condominium project in the area also developed by the China Property Group, has 56 units over five floors and was sold out in July last year.

 

From August to December last year, a total of eight units changed hands, with prices ranging from $2,537 to $2,797 per square foot.

 

The Meyer Park site is a freehold and uniquely located opportunity for high-end private residential development, and the group will take advantage of the unobstructed views to build 230- to 250-unit high-rise condominiums, according to UOL's president, Mr Ngoi Wai Shun.

 

Another high-end project is the 200-unit Meyer Mansion by GuocoLand. Meyer Mansion was launched in September 2019 and is close to being sold out with 193 units sold so far. Two units were sold last month at $2,823 and $2,513 per square foot respectively.

 

The Meyerise project, The Makena and The Atria at Meyer, all developed by Hong Leong Holdings, was built in 2014 and has 239 units. The Meyerise, built in 2014, has 239 units and was last resold in October last year for $2,225 per square foot.

 

The Makena, built in 1998, is older but resale transactions are still active and the price per square foot has been steadily increasing. A total of 17 units changed hands last year, with one unit selling for $1,954 psf, the highest price for a unit since April 2018.

 

The Atria at Meyer, which is about the same age as The Makena, saw only two units resell last year, at $1970 and $2075 sf respectively. Completed in 1996, the 157-unit project is a great example of the kind of housing that can be found in the Makena area.

 

The Seafront on Meyer is ideally located close to the upcoming Caledon Park MRT station, which is due to open next year. The project was built around 2011 by CapitaLand and has 327 units. One unit was resold in January this year at a price of $1,868 per square foot.

 

Maia Road is like Nassim Road on the East Coast, a quiet suburb. In addition to Katong Park and East Coast Park, there are a number of amenities and local and international schools nearby, such as Deming Government Secondary School and Eton Pre-School. This area is also not far from the central business district and is only a 10-minute drive to Marina Bay and Suntec City.

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Meyer Road attracts buyers for high-end private residential development
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