Prime freehold residential site along Meyer Road for sale

27 Dec 2017
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Media release

Prime freehold residential site along Meyer Road for sale

Singapore: Edmund Tie & Company (SEA) Pte Ltd is pleased to offer Casa Meyfort, a plum freehold residential site located along Meyer Road for collective sale by tender. Built in the 1990s, Casa Meyfort comprises 76 apartments.

Casa Meyfort, with a land area of approximately 7,919.9 sq m (85,249 sq ft), is located along Meyer Road, an established and well sought after residential estate in prime District 15. Being on the first row of Meyer Road, the site boasts unblocked panoramic views of the CBD, the sea as well as the Mountbatten road landed housing estate. Under Master Plan 2014, the site is zoned for residential use with a gross plot ratio of 2.8.

Casa Meyfort enjoys excellent accessibility and convenience at its doorstep. It is located within 600 metres to upcoming Katong Park MRT Station (Thomson- East Coast Line) and a wide array of amenities including malls such as Parkway Parade, I12 Katong. Many lifestyle destinations such as East Coast Park, Sports Hub, Marina Bay Golf Course and Gardens by the Bay are just a short drive away. The vicinity also boasts various international school campuses and distinguished schools such as Canadian International School, Chatsworth International School, Dunman High School, Chung Cheng High School (Main) and Tao Nan Primary School.

It is well served by major roads and expressways such as Fort Road, Mountbatten Road, Tanjong Katong Road, Marine Parade Road, Tanjong Rhu Road, East Cost Parkway (ECP), Marina Coastal Expressway (MCE) and Kallang-Paya Lebar Expressway (KPE). It is a mere 10 minutes’ drive to Central Business District (CBD) and Changi Airport.

Tan Chun Ming, Director, Investment Advisory commented: “Casa Meyfort is a rarely available freehold residential site along the iconic Meyer Road. It’s the perfect opportunity for the developer to create an upscale residential product, and may potentially set a new benchmark for the entire Meyer Road. This site offers the luxury of seafront living and abundance of green space yet at the same time enjoys excellent connectivity to CBD.”

The reserve price is $340 million, which reflects a land rate of $1,616 psf per plot ratio inclusive of a development charge of approximately $46 million, or can be further pared down to $1,540 psf per plot ratio if inclusive of 10% additional GFA for balcony area and an additional development charge of approximately $19 million.

The tender exercise for the site will close on 17 January 2018 at 5.05pm.

ENDS

 

For further information contact:

Tan Chun Ming (Mr)
Director
Investment Advisory
DID: +65 6393 2360
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media please contact:

Wong Wei Chen (Mr)
Director
Corporate Communications
DID: +65 6393 2369
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

About Edmund Tie & Company

Headquartered in Singapore and supported by offices in Kuala Lumpur and Bangkok, Edmund Tie & Company is an established real-estate consulting firm that operates across Malaysia, Thailand and other countries in Southeast Asia and beyond.

Led by some of the most highly credentialed experience in Southeast Asia, the firm offers a comprehensive and integrated suite of real estate advisory and agency services that includes: commercial and retail agency (covering office and industrial, occupier services and retail); residential agency; investment advisory; auction, tender and private treaty sales;  valuation advisory (including statutory valuation and property tax); property management; hospitality management; and research and consulting.

We are committed to providing the highest quality in property consultancy that adds value to the assets of our clients in a manner that exceeds their expectations. We achieve this through a unique insight that springs from our Asian identity, an extensive contact base, a multi-disciplined range of expertise founded on depth of experience, standards that are international and a professional practice that adheres to the highest ethical principles.

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