{"id":84896,"date":"2018-04-10T11:17:05","date_gmt":"2018-04-10T04:17:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-meyfort-and-landmark-tower-up-for-collective-sale\/"},"modified":"2018-04-10T12:02:54","modified_gmt":"2018-04-10T05:02:54","slug":"casa-meyfort-and-landmark-tower-up-for-collective-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-meyfort-and-landmark-tower-up-for-collective-sale\/","title":{"rendered":"Casa Meyfort and Landmark Tower up for collective sale"},"content":{"rendered":"


\nThe 139-unit Landmark Tower near Pearl\u2019s Hill City Park has a reserve price of $285 million, or $1,400 psf ppr. (Photo: JLL)
\nEncouraged by the 3.8 percent hike in private home prices in the Outside Central Region as per the Urban Redevelopment Authority\u2019s quarterly flash estimates, the owners of Casa Meyfort have relaunched the 76-unit development along Meyer Road for collective sale.
\nThe freehold property was previously put up for sale in December 2017 for $340 million, or a land rate of $1,616 psf per plot ratio (psf ppr), but the sale did not go through.
\nMore: Casa Meyfort Up For En Bloc Sale For $340mil
\nCompleted in the 1990s, Casa Meyfort sits on an 85,249 sq ft site, which is zoned residential under the 2014 Master Plan with a gross plot ratio (GPR) of 2.8, revealed marketing agent Edmund Tie & Co.
\n\u201cWe 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,\u201d said Edmund Tie & Co\u2019s senior director for investment advisory Tan Chun Ming.
\nThe site offers unblocked views of the Central Business District, the Mountbatten Road landed housing estate and the sea. It is within 600m to the upcoming Katong Park MRT station along the Thomson-East Coast Line.
\nSeparately, Landmark Tower, a 139-unit residential development along Chin Swee Road, has also been launched for collective sale at a reserve price of $285 million, or $1,400 psf ppr after factoring in the lease top-up premium, reported the Business Times.
\nNo development charge is payable for the site up to its \u201cas-built\u201d GPR of 4.014.
\nLocated near Pearl\u2019s Hill City Park, the 38-storey development sits on a 60,821 sq ft site zoned residential with a GPR of 3.7. Marketing agent JLL noted that the 99-year leasehold site could be redeveloped into a high-rise condominium.
\nThe tenders for Landmark Tower and Casa Meyfort will close on 17 May and 21 May respectively.
\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Casa Meyfort and Landmark Tower up for collective sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 139-unit Landmark Tower near Pearl\u2019s Hill City Park has a reserve price of $285...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-84896","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-m5i","jetpack-related-posts":[{"id":74958,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-meyfort-up-for-en-bloc-sale-for-340mil\/","url_meta":{"origin":84896,"position":0},"title":"Casa Meyfort up for en bloc sale for $340mil","date":"December 20, 2017","format":false,"excerpt":"\r Casa Meyfort, a 76-unit residential development along Meyer Road, has been put up for en bloc sale by tender, with a reserve price of $340 million, revealed Edmund Tie & Company. The price tag, which works out to a land rate of $1,616 psf per plot ratio (ppr), includes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-acquires-casa-meyfort-for-s319-88mil\/","url_meta":{"origin":84896,"position":1},"title":"GuocoLand acquires Casa Meyfort for S$319.88mil","date":"July 11, 2018","format":false,"excerpt":"\r GuocoLand Limited, via its fully owned subsidiary First Meyer Development, has exercised the option to purchase Casa Meyfort condominium along Meyer Road through a collective sale for $319.88 million. Including an estimated development charge of $57.2 million, the price works out to about $1,580 per sq ft per plot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88041,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/peak-court-sold-en-bloc-for-118-88m\/","url_meta":{"origin":84896,"position":2},"title":"Peak Court sold en bloc for $118.88m","date":"May 14, 2018","format":false,"excerpt":"\r The purchase price is higher than the asking price of $106 million. (Photo: ET&Co) Peak Court, a four-storey residential project at Thomson Road, has been sold via collective sale for $118.88 million, higher than the asking price of $106 million, marketing agent Edmund Tie & Company (ET&Co) said on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83363,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/olina-lodge-verdun-house-launched-for-collective-sale\/","url_meta":{"origin":84896,"position":3},"title":"Olina Lodge, Verdun House launched for collective sale","date":"March 22, 2018","format":false,"excerpt":"\r Completed in 1990, the freehold Olina Lodge has a reserve price of $220 million. (Photo: SRI) The collective sales fever continues to heat up with the recent launch of two freehold developments \u2013 Olina Lodge and Verdun House, revealed marketing agent Singapore Realtors Inc (SRI). Located at 15 Holland\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-relaunched-for-en-bloc-sale-at-lower-price\/","url_meta":{"origin":84896,"position":4},"title":"Casa Sophia relaunched for en bloc sale at lower price","date":"March 19, 2019","format":false,"excerpt":"\r Most of the owners agreed to a lower asking price of $30 million or $1,158 psf ppr, revealed marketing agent ERA. The 12-unit Casa Sophia has been relaunched for collective sale by private treaty, after most of the owners agreed to a lower asking price of $30 million or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","url_meta":{"origin":84896,"position":5},"title":"Watten Estate Condominium up for en bloc sale for $536m","date":"July 30, 2019","format":false,"excerpt":"\r Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84896"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=84896"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84896\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}