As they said, if you cannot do it the first time, then try it again. Hence, the freehold condo Meyer Park at 81 Meyer Park relaunched en bloc again !
The price this time for thr collective sale is at a reserve price of $420 million Edmund Tie is the sole marketing agent for the property.
Meyer Park relaunched en bloc again : The Beauty and Convenience of Meyer Park
This development is a small 60-unit only that sits on a land area of 96,672 sq ft facing the sea and in a very popular north-south orientation.
It has a long seafront frontage to the South and unobstructed views overlooking the landed housing enclave to the North.
Situated on the city-fringe, it is within walking distance to the large Parkway Parade, the newer i12 Katong and also a jogging and cycling haven at East Coast Park. All these meant that shopping and fitness are catered for.
And of course East Coast is always known for its good food, cafes and restaurants.
It is also near to the upcoming Katong Park MRT Station (on the Thomson-East Coast Line), expected to be reach these stations in 2024.
Under the URA Master Plan 2019, it is zoned for residential use with a plot ratio of 2.8. Including the 7% bonus floor area, the maximum allowable gross floor area works out to some 289,628 sq ft.
The reserve price of $420 million includes an estimated Land Betterment Charge of $90.9 million, translating to a land rate of $1,764 psf per plot ratio.
The new site could then accommodate up to 250 residential units.
Let’s see if the enbloc is successful this time.
