Meyer Mansion tops sales on launch weekend

Meyer Mansion tops sales on launch weekend

By Cecilia Chow / EdgeProp Singapore

September 15, 2019


SINGAPORE (EDGEPROP) - Three projects were launched over the weekend of September 14-15, namely Meyer Mansion on Meyer Road in prime District 15; The Antares on Mattar Road, near Aljunied Road and Macpherson Road in District 14; and Uptown @ Farrer, located off Race Course Road and Serangoon Road in District 8.

According to GuocoLand Singapore, 21 units at the 200-unit Meyer Mansion were sold at an average price of $2,747 psf. Some units even crossed the 3,000 psf.

In fact, the one- and four-bedroom units were the most popular among buyers. The highest psf achieved was for a one-bedroom unit that fetched $3,185 psf. Meanwhile, four-bedroom units were sold for as high as $4.8 million ($2,781 psf).

“Many of the buyers also went for higher floor units for the spectacular views of the sea, the city or the landed housing area,” says Dora Chng, GuocoLand Singapore general manager (residential). Many of the buyers were buying for their own use, with the majority (90%) said to be local residents.

Dominic Lee, head of luxury team at PropNex, one of the joint marketing agencies for Meyer Mansion, considers it “the top-selling-project this weekend”.

The attraction of Meyer Mansion is its freehold tenure, its prestigious Meyer Road address, the “exceptional views” and a land area large enough to provide a “lush, beautiful garden setting”, adds GuocoLand’s Chng.

Meanwhile, about 18 units were sold at The Antares over the same weekend at an average price of $1,760 psf. The 265-unit residential development will have a covered linkway to the nearby Mattar MRT station on the Downtown Line.

A city fringe project located on a 67,062 sq ft site, The Antares is jointly developed by a consortium of local developers named FSKH Development, made up of Hock Lian Seng Holdings, Keong Hong Holdings and TA Corporation. The consortium emerged at the top of 10 bidders for the 99-year leasehold site in a government land tender in May last year and won the site with a bid of $223 million.

The Antares has a wide mix of units ranging from one-bedders of 452 sq ft to three-bedroom flexi units, with sizes from 883 to 1,023 sq ft.

There’s also a four-bedroom penthouse of 1,604 sq ft. Prices start from $789,000 for a one-bedroom; $1.125 million for a two-bedroom; and $1.55 million for a three-bedroom flexi unit.

Meanwhile, Low Keng Huat’s Uptown@Farrer located on Perumal Road is developed on a 99-year leasehold site that was also a sought-after government land sale site. There were 11 bids at the close of the tender in January 2017, which Low Keng Huat won with a bid of $174.08 million.

Uptown@Farrer is a mixed-use development with a 21-storey block with 116 residential units and seven retail outlets that is integrated with an 18-storey serviced tower managed by CapitaLand’s serviced residence arm, Ascott.

The project is also located just across the road from the Farrer Park MRT station.

About 15 units were sold at Uptown@Farrer where prices ranged from $1,800 to $1,900 psf. This means that about 13% of the residential block at Uptown@Farrer has been taken up on launch weekend.