Meyer Blue

No Review
District 15 - East Coast / Marine Parade
Size 538 Sq Ft

Overview

Property ID: NL42

Information

Description

Meyer Blue is a freehold condo new launch in the prestigious Meyer Road neighbourhood in District 15

Developer: United Venture Development (No 6)
Type: TBA
Total Units: 226
Site Area: 96,726 sqft
Expected TOP: 2028
Address: 81, 83 Meyer Road
Location: District 15
Tenure: Freehold

Features:
■ Luxury residences in a prime locale
■ Unblocked sea views
■ 6 minutes walk to Katong Park MRT Station
■ Rarity of prominent residential homes bearing the Meyer Road address
■ Well connected to several expressways, including the Marina Coastal Expressway and Pan Island Expressway
■ Near to prominent schools such as Tao Nan Primary School, Kong Hwa School, Dunman High School and Victoria Junior College
■ Best of both worlds: Close proximity to the city and escape to nature in East Coast Park

Schools:
■ Within 2km to Kong Hwa School, Haig Girls’ School, Tanjong Katong Primary School

Unit Mix:

About Meyer Blue

Third time’s the charm for Meyer Park, which has been sold for S$392.18 million, a notch higher than its guide price of S$390 million.

The freehold sea-fronting residential property was sold to United Venture Development (No 6), an 80/20 joint-venture (JV) company between UOL Group and Singapore Land Group.

Depending on the apartment size, each unit stands to receive approximately S$5.25 million to S$7.26 million from the collective sale, according to sole marketing agent Edmund Tie.

“The tender award demonstrates that sites with strategic location and exceptional attributes, coupled with a reasonable asking price, will garner strong interest from developers who are understandably becoming selective in their site acquisitions,” said Swee Shou Fern, head of investment advisory at Edmund Tie.

Calling the acquisition a “timely replenishment”, UOL group chief executive Liam Wee Sin said: “Given its freehold tenure and exclusive locale, we see the opportunity to develop this site into a luxury development with about 230 to 250 units in a high-rise block to capitalise on the unblocked views.”

Located at 81 and 83 Meyer Road, Meyer Park sits on a land area of approximately 8,981.1 square metres (sq m) with 60 apartment units.

Including a land betterment charge of about S$90.9 million, the land rate works out to approximately S$1,668 per square foot per plot ratio, which factors in a 7 per cent bonus floor area.

This is Meyer Park’s third attempt at a collective sale, having first launched one on Jul 25 last year with a reserve price of S$420 million. It was relaunched with the same reserve price on Oct 13 with the tender again closing on Nov 2 without a deal.

Under Master Plan 2019, the site is zoned for Residential use at plot ratio 2.8 and can be redeveloped to a maximum gross floor area of 25,147.08 sq m.

Location and Amenities

Meyer Blue is connected to several expressways, including the Marina Coastal Expressway and Pan Island Expressway, with the nearby Katong Park MRT station on the Thomson-East Coast Line slated to be operational next year.

Meyer Blue is also near to prominent schools such as Tao Nan Primary School, Kong Hwa School, Dunman High School and Victoria Junior College.

Disclaimer:
1) All land and built up areas are based on approximate measurements and are subject to final survey and shall not form part of any offer or contract or constitute any warranty by the salesperson and shall not be regarded as statements or representations of fact.
2) Images & floor plans shown are for illustration purposes and may not represent the actual property.

> For More New Launch Condo Listings

Details

  • Price
  • Property ID
    Property ID: NL42
  • Area Size
    Size 538 Sq Ft
  • Land Area Size
    Land Area 0 Sq Ft
  • Rooms
    Rooms
  • Bedrooms
    Bedrooms 1
  • Year Built
    Year Built 2027

Description

Meyer Blue is a freehold condo new launch in the prestigious Meyer Road neighbourhood in District 15

Developer: United Venture Development (No 6)
Type: TBA
Total Units: 226
Site Area: 96,726 sqft
Expected TOP: 2028
Address: 81, 83 Meyer Road
Location: District 15
Tenure: Freehold

Features:
■ Luxury residences in a prime locale
■ Unblocked sea views
■ 6 minutes walk to Katong Park MRT Station
■ Rarity of prominent residential homes bearing the Meyer Road address
■ Well connected to several expressways, including the Marina Coastal Expressway and Pan Island Expressway
■ Near to prominent schools such as Tao Nan Primary School, Kong Hwa School, Dunman High School and Victoria Junior College
■ Best of both worlds: Close proximity to the city and escape to nature in East Coast Park

Schools:
■ Within 2km to Kong Hwa School, Haig Girls’ School, Tanjong Katong Primary School

Unit Mix:

About Meyer Blue

Third time’s the charm for Meyer Park, which has been sold for S$392.18 million, a notch higher than its guide price of S$390 million.

The freehold sea-fronting residential property was sold to United Venture Development (No 6), an 80/20 joint-venture (JV) company between UOL Group and Singapore Land Group.

Depending on the apartment size, each unit stands to receive approximately S$5.25 million to S$7.26 million from the collective sale, according to sole marketing agent Edmund Tie.

“The tender award demonstrates that sites with strategic location and exceptional attributes, coupled with a reasonable asking price, will garner strong interest from developers who are understandably becoming selective in their site acquisitions,” said Swee Shou Fern, head of investment advisory at Edmund Tie.

Calling the acquisition a “timely replenishment”, UOL group chief executive Liam Wee Sin said: “Given its freehold tenure and exclusive locale, we see the opportunity to develop this site into a luxury development with about 230 to 250 units in a high-rise block to capitalise on the unblocked views.”

Located at 81 and 83 Meyer Road, Meyer Park sits on a land area of approximately 8,981.1 square metres (sq m) with 60 apartment units.

Including a land betterment charge of about S$90.9 million, the land rate works out to approximately S$1,668 per square foot per plot ratio, which factors in a 7 per cent bonus floor area.

This is Meyer Park’s third attempt at a collective sale, having first launched one on Jul 25 last year with a reserve price of S$420 million. It was relaunched with the same reserve price on Oct 13 with the tender again closing on Nov 2 without a deal.

Under Master Plan 2019, the site is zoned for Residential use at plot ratio 2.8 and can be redeveloped to a maximum gross floor area of 25,147.08 sq m.

Location and Amenities

Meyer Blue is connected to several expressways, including the Marina Coastal Expressway and Pan Island Expressway, with the nearby Katong Park MRT station on the Thomson-East Coast Line slated to be operational next year.

Meyer Blue is also near to prominent schools such as Tao Nan Primary School, Kong Hwa School, Dunman High School and Victoria Junior College.

Disclaimer:
1) All land and built up areas are based on approximate measurements and are subject to final survey and shall not form part of any offer or contract or constitute any warranty by the salesperson and shall not be regarded as statements or representations of fact.
2) Images & floor plans shown are for illustration purposes and may not represent the actual property.

> For More New Launch Condo Listings

Details

  • Price
  • Property ID
    Property ID: NL42
  • Area Size
    Size 538 Sq Ft
  • Land Area Size
    Land Area 0 Sq Ft
  • Rooms
    Rooms
  • Bedrooms
    Bedrooms 1
  • Year Built
    Year Built 2027
  • City Singapore
  • Country Singapore
  • Postal code 437908

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