Freehold Casa Meyfort relaunches collective sale tender

10 Apr 2018
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Freehold Casa Meyfort relaunches collective sale tender

Prime district site with unparalleled views

SINGAPORE, 10 April 2018 – Edmund Tie & Company (ET&Co), the sole marketing agent for Casa Meyfort, is pleased to relaunch the freehold collective sale site for sale by tender. The development was completed in the 1990s and comprises 76 apartment units. It has a land area of approximately 7,919.9 square metres (sq m) or 85,249 square feet (sq ft). Under Master Plan 2014, the site is zoned for residential use with a gross plot ratio (GPR) of 2.8.

Strategically situated on the first row of prime District 15 Meyer Road, Casa Meyfort, a rare freehold site, boasts unblocked panoramic views of the CBD, the sea, as well as the Mountbatten Road landed housing estate. It is close to culture-rich Katong and Joo Chiat neighbourhoods, lined with quaint and well-preserved heritage shophouses that have become increasingly more popular among tourists.

Casa Meyfort enjoys excellent accessibility and convenience. It is located within 600 metres to the upcoming Katong Park MRT station along the Thomson-East Coast Line (TEL), well-served by major roads and expressways such as Fort Road, Mountbatten Road, Tanjong Katong Road, Marine Parade Road, Tanjong Rhu Road, East Coast Parkway (ECP), Marina Coastal Expressway (MCE) and Kallang-Paya Lebar Expressway (KPE). The project is a mere 10 minutes’ drive to the CBD and a short walking distance to East Coast Park.

The site is near to a wide array of amenities including malls such as Parkway Parade and I12 Katong. The vicinity is also surrounded by various international school campuses including Chatsworth International School (East Campus) and Canadian International School (Tanjong Katong Campus), as well as many well-known local educational institutes like CHIJ Katong Convent, Dunman High School, Chung Cheng High School (Main), Tao Nan Primary School, Victoria Junior College and more.

According to URA’s flash estimates, it showed a 3.8 per cent price increase in the Outside Central Region (OCR), which Casa Meyfort is a part of. It is higher than the 0.8 per cent from the previous quarter. Based on ET&Co’s caveats analysis, it showed that resale prices of existing condos and private apartments in District 15 have gone up significantly following news of the Amber Park collective sales last year. Within the same district, Seaside Residences that was launched last year has already sold 603 out of 841 units as at end February 2018.

Senior director for investment advisory Tan Chun Ming commented: “We are relaunching the collective sale tender as we see a great opportunity in this freehold site that is positioned for an exemplary upscale development that stands to enjoy panoramic and breathtaking views of the city skyline and horizon. Homes on the lower floors will also enjoy lush greenery views overlooking East Coast Park and the landed housing estate.”

The tender exercise for the site will close on Monday, 21 May 2018 at 3pm.

 

 

ENDS

 

 

For further information contact:

Tan Chun Ming
Senior 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:

Vanessa Lim
Manager
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

Edmund Tie & Company (ET&Co) is a full-service, real estate consulting firm with more than 500 skilled professionals in the region. It is headquartered in Singapore and supported by offices in Kuala Lumpur, Malaysia, and Bangkok, Thailand. ET&Co offers a comprehensive suite of agency and professional services including investment advisory, commercial and retail, residential agency, auction and sales, valuation advisory, statutory valuation and property tax advisory, research and consulting, property management, and hospitality management. For more information, please visit www.etcsea.com

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