Sustained Land has bought The Albracca, a freehold District 15 project along Meyer Road, for an en bloc price of S$69.1 million.
The land price of the Katong development works out to be $1,409 per square feet per plot ratio (psf ppr).
The new freehold project, which will be named One Meyer, is just in front of the upcoming Katong Park MRT station.
One Meyer will comprises of 66 units in a 19-storey residential tower. The unit mix in the project is 2-Bedroom and 3-Bedroom apartments.
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