Over 50% of units sold at an average of $3,260 psf on launch day at Meyer Blue
On the first day of its private launch, Singapore-listed property company UOL Group and its subsidiary Singapore Land Group (SingLand) sold 114 units (over 50%) of its 226-unit luxury project Meyer Blue. The average price of units sold was $3,260 psf.
Typical units at Meyer Blue ranged from 667 sq ft two-bedroom premium units, where units sold started from $2.014 million ($3,019 psf); three-bedroom units of 990 sq ft priced from $2.955 million ($2,985 psf); four-bedroom premium units from 1,518 sq ft priced from $4.478 million ($2,950 psf) and five-bedroom suites of 1,905 sq ft priced from $5.593 million ($2,936 psf).
Even the two penthouses were sold: the 2,949 sq ft penthouse fetched $10.8 million ($3,662 psf) while the 2,992 sq ft penthouse fetched $10.28 million ($3,436 psf).
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"Buyers are attracted by the strong locational attributes, strong product and the freehold tenure," comments Anson Lim, UOL general manager of residential marketing.
Meyer Blue is the redevelopment of Meyer Park which UOL and SingLand purchased en bloc last year for $392.18 million in February 2023 (Source: EdgeProp Landlens)
According to Lim, 99% of the buyers are Singaporeans and Permanent Residents, and one foreigner who is a US citizen. "Many liked the higher proportion of bigger format units in Meyer Blue, which positioned the development as another UOL's Luxury Collection," he adds.
Meyer Blue is located in the prime Meyer Road residential enclave. UOL and SingLand had purchased the former Meyer Park condo en bloc for $392.18 million ($1,668 psf per plot ratio) in February 2023.
UOL says Meyer Blue boasts unblocked views of the sea, the landed housing estate of Meyer Road, and the Marina Bay area.
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