{"id":93603,"date":"2018-07-11T10:50:58","date_gmt":"2018-07-11T03:50:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-acquires-casa-meyfort-for-s319-88mil\/"},"modified":"2018-07-11T11:02:53","modified_gmt":"2018-07-11T04:02:53","slug":"guocoland-acquires-casa-meyfort-for-s319-88mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-acquires-casa-meyfort-for-s319-88mil\/","title":{"rendered":"GuocoLand acquires Casa Meyfort for S$319.88mil"},"content":{"rendered":"


\nGuocoLand 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.
\nIncluding an estimated development charge of $57.2 million, the price works out to about $1,580 per sq ft per plot ratio, reported The Business Times.
\nIn an SGX filing, GuocoLand revealed that the property\u2019s purchase price was arrived at on a willing-buyer and willing-seller basis.
\nMore: Should you consider an en bloc sale? How will the remaining years of a property can affect its price
\nIt added that the \u201cacquisition and development of the property will be financed by internal resources and bank borrowings\u201d.
\nWith a maximum gross floor area of 238,697 sq ft, the freehold property sits on an 85,249 sq ft site that is zoned residential with a gross plot ratio of 2.8.
\nThe company does not expect the transaction to materially affect the net tangible assets per share or earnings per share of the group for the financial year ending 30 June 2019.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project\u00a0Reviews\u00a0and\u00a0Guides.
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…GuocoLand acquires Casa Meyfort for S9.88mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GuocoLand Limited, via its fully owned subsidiary First Meyer Development, has exercised the option to...<\/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-93603","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-olJ","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":93603,"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":84896,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-meyfort-and-landmark-tower-up-for-collective-sale\/","url_meta":{"origin":93603,"position":1},"title":"Casa Meyfort and Landmark Tower up for collective sale","date":"April 10, 2018","format":false,"excerpt":"\r The 139-unit Landmark Tower near Pearl\u2019s Hill City Park has a reserve price of $285 million, or $1,400 psf ppr. (Photo: JLL) Encouraged 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-preview-meyer-mansion-this-saturday\/","url_meta":{"origin":93603,"position":2},"title":"GuocoLand to preview Meyer Mansion this Saturday","date":"September 5, 2019","format":false,"excerpt":"\r The latest edition of GuocoLand\u2019s collection of luxury residential properties in prime districts, Meyer Mansion follows the success of projects such as Leedon Residence, Goodwood Residence, Martin Modern and Wallich Residence. Meyer Mansion, GuocoLand\u2019s freehold seafront residential development at Meyer Road, will be opened for preview this Saturday (7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lentor-central-site-awarded-to-guocoland\/","url_meta":{"origin":93603,"position":3},"title":"Lentor Central site awarded to GuocoLand","date":"July 30, 2021","format":false,"excerpt":"\r The Lentor Central site will be redeveloped into a mixed-use development, with 600 residential units and more than 96,000 sq ft of commercial, food and beverage (F&B) and retail spaces. Source: URA The tender for the land plot at Lentor Central has been awarded to GuocoLand, which submitted the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/lentor-central-guocoland.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":29437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-tallest-building-nears-completion\/","url_meta":{"origin":93603,"position":4},"title":"Singapore's tallest building nears completion","date":"October 11, 2016","format":false,"excerpt":"\r Strong take-up of offices at Guoco Tower, but many residential units remain unsold, including a $30 million super penthouse. (Photo: GuocoLand) Tanjong Pagar Centre, Singapore\u2019s tallest building at 290 metres high, is close to full completion, said property developer GuocoLand. The 890,000 sq ft office component Guoco Tower and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-midtown-bay-for-sale-this-saturday\/","url_meta":{"origin":93603,"position":5},"title":"GuocoLand to launch Midtown Bay for sale this Saturday","date":"October 2, 2019","format":false,"excerpt":"\r The only residential launch within an integrated development in the central business district (CBD) in the coming year, it will also have 40 duplex units, that can be adapted from a 2+1 apartment into two one-bedroom units, each on different floors. Midtown Bay, GuocoLand\u2019s 33-storey residential tower, is set\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\/93603"}],"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=93603"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93603\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=93603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=93603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=93603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}