A freehold private condo project in district 15 will proceed on public trailer next week. On Sept 13, units at Meyer Mansion is going to be launched available by Developer Guocoland.
Meyer Mansion will take the place of the prior Casa Meyfort that was obtained through the collective sale procedure for about $319.88 million final year. The property speed worked out to be approximately $1,580 psf and analysts are forecasting a $2,400 psf price to break even.
Pricing for the units hasn’t yet been published for The Avenir condo price.
The brand new residential development will include 200 units ranging from 484 sq feet one-bedders into 2,142 sq feet four-bedroom superior apartments. It gives unblocked panoramic sea views for components on the high floors.
The 25-storey freehold residential block is going to be a rare one in the region that is mainly inhabited by lower-rise residential jobs or landed home; or jobs with only a 99-year leasehold tenure.
Changi Airport is only a 10-minute drive away and it’s also only 450 metres from East Coast Park through an underpass.
Freehold status likely to induce demand at new condominium
Analysts say that the rarity of a high tech freehold job within this region will likely push demand, especially for buyers that are looking specifically for properties within this region and with a fantastic ocean view.
Recent sales of components in progress in the vicinity like Amber Park which offered 1,607 units in a median cost of $2,475 psf, may signify the unchanging actuality that buyers are prepared to pay a premium for components in great places.
There’ll also be additional forthcoming projects from the district, such as Meyer House at Meyer Road along with also a project on the prior Katong Park Towers website.