Published March 17, 2007
Seafront @ Meyer prices start from $1,400 psf
Penthouses go for $2,100 to $2,200 psf, sources say
CAPITALAND is said to be pricing its freehold The Seafront @ Meyer condo at prices ranging from about $1,400 psf to $1,800 psf, excluding penthouses, say sources.
Sea-facing penthouses, of about 4,000 sq ft, are believed to be priced around $2,100 to $2,200 psf.
One penthouse, of about 4,100 sq ft, is said to be priced at about $9 million. CapitaLand is developing the 24-storey freehold project on the former Meyer Tower and First Mansion sites at Meyer Road.
Former owners of units in these developments who sold their homes to the former DBS Land in 1999 are said to have received invitations this week to have the first pick of units in the new development. DBS Land merged with Pidemco Land in late 2000 to form CapitaLand.
CapitaLand has appointed ERA to market the 327-unit Seafront @ Meyer condo. Sources suggest that previews for the development could start later this month. The project will have three blocks. The bulk of units will have three bedrooms, and range in size from about 1,500 to 2,000 sq ft. There will also be two-bedders and four-bedders, plus six penthouses. Market watchers say the pricing for The Seafront @ Meyer is in line with the $1,500 to $1,800 psf that GuocoLand has achieved for its nearby project, The View @ Meyer, on the former Katong Park Hotel site. The 23-storey freehold development will have 45 apartments.