Meyer Park

2023 - 2 - 10

Post cover — Image courtesy of "The Business Times"

Meyer Park sold to UOL-Singapore Land Group JV for S$392.18 ... (The Business Times)

THIRD time's the charm for Meyer Park, which has been sold for S$392.18 million, a notch higher than its guide price of S$390 million.

Meyer Park sells en bloc for $392.18 million in third attempt (The Straits Times)

SINGAPORE – Third time's the charm for Meyer Park, which has been sold for $392.18 million, a notch higher than its guide price of $390 million.

Under the Urban Redevelopment Authority’s Master Plan 2019, the site is zoned for residential use at a plot ratio of 2.8 and can be redeveloped to a maximum gross floor area of 25,147.08 sq m. [relaunched with the same reserve price on Oct 13,](https://www.straitstimes.com/business/property/freehold-meyer-park-relaunches-collective-sale-tender-at-420-million) with the tender closing on Nov 2 without a deal. Located at 81 and 83 Meyer Road, Meyer Park sits on a land area of approximately 8,981.1 sq m, with 60 apartment units.

[UPDATE] UOL-Singland JV wins Meyer Park en bloc deal for ... (EdgeProp.sg)

The purchase price of $392.18 million is slightly higher than the $390 million reserve price the site was relaunched at in January.

Meyer Park sells for $392.18m (Singapore Business Review)

United Venture Development (No. 6), an 80/20 joint venture company of UOL Group and Singapore Land Group, won the tender for the collective sale of Meyer Park.

United Venture Development (No. [Meyer Park](https://sbr.com.sg/commercial-property/news/meyer-park-relaunched-sale-lower-reserve-price). [Singapore](https://sbr.com.sg/market/singapore)

UOL-Singland JV wins Meyer Park en bloc deal for $392.18 million (The Edge Singapore)

Meyer Park was relaunched for collective sale last month, with a reserve price of $390 million.

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Billionaire Wee Cho Yaw's UOL Buys Singapore Suburban ... (Forbes)

A joint venture between UOL Group and Singapore Land is buying the Meyer Park condominium in the eastern Singapore suburb of Katong for S$392.2 million ...

The lender was founded by his father Wee Khiang Cheng in 1935 as United Chinese Bank. The company was among the most active developers in Singapore last year, selling nearly all 372 units at The project, which is close to the upcoming Katong Park MRT station and about a 20-minute drive from the Raffles Place central business district, will offer residents unblocked sea views along East Coast Park. The project is also close to popular schools Tao Nan Primary School, Dunman High School and Victoria Junior College. One of Singapore’s biggest property developers, UOL is controlled by veteran banker Wee Cho Yaw, 94, chairman emeritus of United Overseas Bank, the nation’s third-largest bank by assets. [UOL Group](https://www.uol.com.sg/about-uol/corporate-profile/) and Singapore Land—both controlled by billionaire [Wee Cho Yaw](https://www.forbes.com/profile/wee-cho-yaw/?list=singapore-billionaires&sh=7e395fe27209)—is buying the Meyer Park condominium in the eastern Singapore suburb of Katong for S$392.2 million ($295 million) as the real estate developer continues to replenish its landbank to tap into resilient housing demand in the city-state.

UOL, Singapore Land JV to Acquire Meyer Park for SG$392 Million ... (marketscreener.com)

Located at 81 and 83 Meyer Road, the freehold residential property was sold to United Venture Development (No 6), an 80:20 joint-venture company between UOL ...

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