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08-03-2024, 03:12 PM
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Senior Member
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Join Date: Nov 2021
Posts: 57
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Meyer Blue Freehold in District 15
Meyer Blue is former Meyer Park which enbloced in Feb 2023 by joint venture between UOL Group and Singapore Land Group with $392.18 million. The price translates to a unit land rate of $1,668 psf per plot ratio, including a 7% bonus balcony area.
Given its freehold tenure and exclusive locale, UOL & Singland is going 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. Meyer Blue is near the upcoming Katong Park MRT station, recreation facilities along East Coast Park and popular schools such as Tao Nan School, Dunman High School and Victoria Junior College.
Leveraging on their experience in developing a luxury collection and the strong attributes of the site, the developer is expect to see keen interest from both homebuyers and investors looking for a prime newly built high-rise residential development with freehold tenure, which is increasingly rare.
https://developer-sale.com/meyer-blue/
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