Meyer Mansion near Arina East Residences sold out in 5 years at $2,714 psf
GuocoLand, a mainboard-listed property developer, has recently announced the sale of the last unit at its luxury condo, Meyer Mansion, located on Meyer Road in District 15. The project, which consists of 200 units, was initially launched for sale in September 2019 and has finally sold out after almost five years.
The development boasts a mix of one- to four-bedroom units spread across a 25-storey residential tower. It has also recently attained its Temporary Occupation Permit (TOP) on February 28. According to data from developer sales compiled by EdgeProp Singapore, Meyer Mansion achieved an average selling price of $2,714 psf.
This success for Meyer Mansion comes after the recent sell out of two other projects by GuocoLand, which are set to achieve their TOP later this year. These include the 219-unit Midtown Bay on Beach Road, expected to be completed by 2Q2024, and the 558-unit Midtown Modern along Tan Quee Lan Street, set for completion in 4Q2024. Both projects are part of GuocoLand’s large-scale mixed-use development, called Guoco Midtown.
“Meyer Mansion’s results speak to the stability and resilience of local demand for quality developments. Sales of our other projects, such as Midtown Modern and Lentor Mansion, are also seeing great success, with both projects close to being fully sold,” says Dora Chng, the residential director of GuocoLand.
After the successful sales launch of Lentor Mansion over the March 15-16 weekend, where 400 units (75%) were snapped up eagerly by buyers, GuocoLand is now anticipating the completion of not just Meyer Mansion, but also Midtown Bay and Midtown Modern.
At the initial launch of Lentor Mansion, prices for the sold units ranged from $1.149 million for a two-bedroom unit measuring 527 sq ft, to $3.512 million for a five-bedroom unit measuring 1,507 sq ft. Lentor Mansion is a joint development between GuocoLand and Hong Leong Holdings. The starting price for the project is set at $2.229 million for a 1,023 sq ft three-bedroom unit.
Lentor Mansion is slated for completion by the end of 2027. Interested buyers can also check out the latest listings for other properties under GuocoLand, such as Meyer Mansion, Midtown Modern, Midtown Bay, and Lentor Mansion.
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