The Albracca, located 1 Meyer Place, has been sold en bloc to Sustained Land for S$69.1 million.
The collective sales price for the District 15 freehold development, which is just in front of Katong Park MRT station, is calculated be about $1,409 psf per plot ratio (ppr).
The new project will be named One Meyer and comprises of 66 units in a residential block with 19 levels.
All the units at One Meyer are Two-Bedroom and Three-Bedroom apartments.
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