The Freehold Meyer Park first launched for enbloc in July 2022 with a reserve price of $420m.
In their third and latest attempt, their collective sale has been relaunched at a lower price of $390m, which works out to approximately S$1,660 per sq ft per plot ratio.
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| LAND SIZE (SQM) | 8,981 |
| MASTER PLAN GFA (SQM) | 25,143 |
| MASTER PLAN PLOT RATIO | 2.8 |
| PROJECT NAME | MEYER PARK |
| STREET NAME | MEYER ROAD |
| PROPERTY TYPE | CONDOMINIUM |
| TENURE | FREEHOLD |
| DISTRICT / PLANNING AREA | D15 / MARINE PARADE |
| COMPLETION | 1985 |
| NUMBER OF UNITS | 60 UNITS |
17 Jan 2023
FREEHOLD sea-fronting Meyer Park has been relaunched for collective sale at a lower reserve price of S$390 million after its two previous attempts closed without a sale.
The District 15 condo was first launched on Jul 25 last year with a reserve price of S$420 million. It was relaunched at the same reserve price on Oct 13, with the tender again closing on Nov 2 without a deal.
Located at 81 & 83 Meyer Road, Meyer Park sits on a land area of approximately 96,672 square feet (sq ft). With an estimated land betterment charge of about S$90.9 million, the land rate at the current reserve price works out to approximately S$1,660 per sq ft per plot ratio (psf ppr), including a 7 per cent bonus floor area.
13 Oct 2022
FREEHOLD sea-fronting Meyer Park has been relaunched for collective sale at the same reserve price of S$420 million after the previous attempt closed on Sep 9 without a sale.
The land betterment charge for the 96,672 square foot (sq ft) site at 81 and 83 Meyer Road is now about S$90.9 million, which works out to a land rate of around S$1,764 per sq ft per plot ratio (psf ppr), including a 7 per cent bonus floor area. This compares with a land rate of about S$1,720 psf ppr in its Jul 25 launch, when the development charge was a lower S$78.2 million.
Under Master Plan 2019, the site is zoned for residential use with a plot ratio of 2.8. Including the bonus floor area, the maximum allowable gross floor area works out to some 289,628 sq ft.
25 Jul 2022
A FREEHOLD seafront residential site at 81 and 83 Meyer Road has been launched for collective sale at a reserve price of S$420 million.
This works out to a land rate of about S$1,720 per square feet per plot ratio (psf ppr) after factoring in a development charge of S$78.2 million, which factors in a 7 per cent bonus floor area.
Zoned "residential" with a plot ratio of 2.8 per cent, the District 15 site has a land area of about 96,672 sq feet (sq ft) with an 88-metre frontage facing the sea. Its maximum allowable gross floor area spans some 289,628 sq ft after factoring in a bonus floor area of 7 per cent.