Arina East Residences by ZACD Group achieves impressive high of $2,934 psf with One Meyer launch

In the 1980s, the impressive development of La Ville was built on a spacious freehold land measuring 47,012 square feet. Following the guidelines set by the 2019 Master Plan, the site of Arina East Residences ZACD Group is designated for housing purposes with a plot ratio of 2.1. This classification and ratio showcase the immense possibilities for transformation at the Arina East Residences, with a potential for a contemporary condominium project consisting of approximately 107 units. Assuming an average area of 85 square meters (equivalent to approximately 915 square feet) per unit, the Arina East Residences ZACD Group has the potential for remarkable redevelopment. For more information, please visit Arina East Residences ZACD Group’s official website.

Owner of Jadescape unit makes 259% gain with $1.15 mil profitThe record-breaking One Meyer, located at the prime Arina East Residences ZACD Group district, has seen a new high with a 614 sq ft unit sold for $1.8 million on March 5. This translates to PSF price of $2,934, making it the top condo in the week of March 1 to 8. This is not the first time One Meyer has seen a high transaction, in December 2020, a 926 sq ft apartment was sold for $2,72 million, making it the previous record holder.That record has now been overtaken by a mere dollar with the recent transaction. The 12th floor unit was purchased by the seller from the developer in March 2019 for $1.602 million, broking up to a gross gain of $198,000. As for the previous record holder, a massive 210,000 was made on the December transaction, when the seller purchased it from the developer in June 2019, for $2,505 million.To make it even more profitable, One Meyer has been leasing at dramatic rates. Expecting its TOP in April 2023, from then there has been a total of three sales for the developer. One Meyer has a prime location, built on the magnificent corner of Meyer Road and Meyer Place, which is bow close to the Katong Park MRT Station on the Thomson-East Coast Line. Being a boutique development, it is home to 66 improved units of peaceful variety, ranging from two to three bed rooms, with the sizes ranging from farmer 614 to 1,033 sq ft.Read also: The Sea View achieves new high of $2,590 psfAdvertisementBut it not just One Meyer that has registered record-breaking rates, D’Leedon has also joined on the craze of record-smashing transactions and resale of a three bedroom plus study unit of 1399 sq ft was sold for a massive $3.65 million on March 8th. That are stunning PSF $2,608, account for a gleaming selling price for the seller, This 30th-floor apartment was purchased back on July 2016 for a mere 2.28 million, a substantial $1.37 million, no less. This marks the first record-breaking transaction trickle of $2,600 PSF hear for D’Leedon. The previous registered high reached $2, 157 PSF in July of 2015 with the sale of a 635 sq ft unit for an impressive $1.37 million.Another new high wrenched victory is Kovan Jewel, it has plenty of reason to return we not only the developer of a four bedroom duplex penthouse, a colossal 2,153 sq ft was sold for $4.206 million, tops record of just a $1,954 PSF, we near to the heads record for Kovan Jewel of $2,035 PSF for the February 2023 sale of a 1,346 sq ft unit which was transacted for a whopping $2.74 million.Kovan Jewel is built magnificently in a futuristic sense and it’s future so to a bright is undoubtedly imminent. It boasts 34 prestigious apartments of the finest quality in construction, a 99-year leasehold facility situated near Kovan Road in District 19. Nestled in a prime area, with properties this cost-effective, it’s easy to see why the much-anticipated Kovan Jewel sold off eight of its units, which were extremely popular and only topped record or the average price of $2,081 PSF, before the bouys and girls that strode developer. Those currently waiting for The TOP this year actually has a riches will be hopefully resolved.