SINGAPORE (EDGEPROP) - Singapore-listed property firm GuocoLand will preview on Sept 7 the new Meyer Mansion, its first addition in two years. The official launch will be on Sept 13.
The pricing has yet to be finalised, but they should breakeven at the region of $2,300 psf to $2,400 psf, says Dominic Lee, head of PropNex Luxury Team.
The freehold Meyer Mansion comprises 200 units in a 25-storey residential tower, and offers a range of units from 484-sq-ft one-bedders, to 2,142-sq-ft, four-bedroom premium units. The development will feature eight different layouts, each with only 25 units available.
According to GuocoLand, 80% of the land area has been dedicated to creating a spacious garden, which was inspired by seafront mansions.
As the latest edition of GuocoLand’s collection of luxury residential properties in prime districts, Meyer Mansion follows the success of projects like Goodwood Residence, Leedon Residence, Wallich Residence, and Martin Modern.
Meyer Mansion is a 450-metre walk via an underpass to East Coast Park, and the City as well as the Changi Airport are about 10 minutes away. Katong Park MRT Station on the Thomson-East Coast MRT Line will be a six minutes’ walk away when it opens in 2023.
“It has been eight years since the last good sized high-rise condominium launch along Meyer Road,” says Cheng Hsing Yao, group managing director of GuocoLand Singapore.
“It is extremely rare for a high-rise freehold site along Meyer Road to become available, and it will be increasingly so in the future. An opportunity like Meyer Mansion will be very hard to come by going forward.”
Meyer Mansion is targeted for completion in 2024.
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For price trends, recent transactions, other project info, check out these GuocoLand's projects research page: Goodwood Residence, Leedon Residence, Wallich Residence, and Martin Modern