[UPDATE] Meyer Mansion tops launch sales; The Antares sells 20% of 90 units released

/ EdgeProp Singapore |

September 15, 2019 9:19 PM SGT

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.

The clubhouse at Meyer Mansion on Meyer Road (Photo: GuocoLand Singapore)

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.

Show suite of a four-bedroom unit at Meyer Mansion where units sold for up to $4.8 million (Photo: GuocoLand Singapore)

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, TA Corporation announced in a press release on behalf of consortium FSKH Development,, that 20% of 90 units released at The Antares has been taken up. That translates to 18 units sold over the weekend. Average price achieved is said to be $1,760 psf. The 265-unit residential development will have a covered linkway to the nearby Mattar MRT station on the Downtown Line.

The Antares saw 18 units sold at an average of $1,760 psf on launch weekend (Photo: FSKH Development)

FSKH Development is a consortium made up of TA Corporation, Hock Lian Seng Holdings and Keong Hong Holdings. “The Antares offers homebuyers excellent value with its prime city fringe location, excellent connectivity, accessibility [via MRT] and proximity to business hubs in Paya Lebar Central and the CBD, reputable schools and lifestyle amenities," commented Neo Tiam Boon, CEO of executive director of TA Corporation. “We are deeply encouraged by the positive buyers’ demand received this weekend, and are confident that it will continue to attract homeowners and savvy investors given the prospective upside and untapped potential of the Paya Lebar Central, earmarked to be redeveloped into a vibrant commercial hub with offices, hotels and retail developments.”

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.

The crowd at the sales gallery of The Antares over the weekend (Photo: FSKH Development)

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.

For price trends, recent transactions, other project info, check out these projects' research page: Meyer Mansion, The Antares, Uptown@Farrer

Uptown@Farrer where 15 units were sold at an average of $1,850 psf (Photo: Low Keng Huat website)

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.