Meyer Blue Condo
Meyer Blue is a new development located right at the heart of Meyer Road by UOL Group. The joint venture between UOL Group and Singapore Land Group for acquiring Meyer Park at $392.18 million is significant in the Singapore real estate market. This deal, translating to a land rate of $1,668 psf per plot ratio, reflects a strategic investment in a prime location.
Meyer Blue, located at 81 and 83 Meyer Road, encompasses 250 units on a freehold land parcel of 96,672 sq ft. The acquisition is part of a broader strategy by UOL and Singland, both influenced by the Wee family, to enhance their portfolios with luxury developments. Meyer Blu Condo near the upcoming Katong Park MRT station and key educational institutions, offers potential for a high-rise luxury residential development, emphasizing the increasing rarity of freehold tenure properties in sought-after locales.
Meyer Blue condo by UOL Group at Katong Park MRT Station
Meyer Bllue joint venture’s composition, with UOL and Singland holding 80% and 20% respectively, aims to leverage the strengths and networks of both entities. This acquisition follows the sellout of the Meyer House development and is poised to attract significant interest from homebuyers and investors.
Additionally, the proximity to Meyer Mansion, another luxury redevelopment, underscores the area’s growing appeal. The marketing strategy and en bloc sale history of Meyer Park, including its relaunch and pricing dynamics, are pivotal in understanding the market trends and investment potential of this area.