Meyer Mansion fully sold five years after launch; selling prices average $2,714 psf
By Timothy Tay
/ EdgeProp Singapore |
Meyer Mansion attained its Temporary Occupation Permit (TOP) on Feb 28. (Picture: GuocoLand)
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Mainboard-listed property developer GuocoLand has announced that it has sold the last unit at its 200-unit Meyer Mansion on Meyer Road in District 15. This comes nearly five years after the freehold luxury condo was initially launched for sale in September 2019.
Meyer Mansion has a mix of one- to four-bedroom units housed in a 25-storey residential tower. The development attained its Temporary Occupation Permit (TOP) on Feb 28. According to developer sales data tabulated by EdgeProp Singapore, the project achieved an average selling price of $2,714 psf.
Meyer Mansion's sell out comes nearly five years after the luxury freehold project was launched in Sept 2019.
GuocoLand says that two more of its projects are being developed and will also attain their TOP later this year. They are the 219-unit Midtown Bay on Beach Road, which is expected to be completed by 2Q2024, and the 558-unit Midtown Modern along Tan Quee Lan Street, which is set to be completed in 4Q2024. Both residential projects are part of GuocoLand’s mixed-use development, Guoco Midtown.
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“Meyer Mansion’s results speak to the stability and resiliency of local demand for quality developments. Sales of our other developments, such as Midtown Modern and Lentor Modern, are also going strong, with both already close to being fully sold,” says Dora Chng, residential director of GuocoLand.
Following the successful sales launch of Lentor Mansion over the March 15-16 weekend, where buyers eagerly purchased 400 units (75%), GuocoLand now sees the sales completion of Meyer Mansion and anticipates the imminent completion of Midtown Bay and Midtown Modern.
Crowd at the launch of Lentor Mansion at the preview on March 3, ahead of the launch this weekend (Photo: GuocoLand)
At the time of the launch of Lentor Mansion, prices of units sold ranged from $1.149 million for a 527 sq ft two-bedroom unit to $3.512 million for a 1,507 sq ft five-bedroom unit. Lentor Mansion is jointly developed by GuocoLand and Hong Leong Holdings. GuocoLand says prices start from S$2.229 million for a 1,023 sq ft three-bedroom unit.
Lentor Mansion is expected to be completed by the end of 2027.
Check out the latest listings for Meyer Mansion, Midtown Modern, Midtown Bay, Lentor Mansion properties
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