The en bloc sale for freehold site Casa Meyfort has been relaunched, Edmund ET&Co said. It was previously put up for sale on Dec 2017 for a reserve price of $340m. ET&Co, citing URA’s flash estimates, noted that there was a 3.8% price increase in OCR, which Casa Meyfort is a part of, higher than the 0.8% from the previous quarter. “Based on ET&Co’s caveats analysis, it showed that resale prices of existing condos and private apartments in District 15 have gone up significantly following news of the Amber Park collective sales last year,” the firm said. ET&Co Senior director for investment advisory Tan Chun Ming commented, “We are relaunching the collective sale tender as we see a great opportunity in this freehold site that is positioned for an exemplary upscale development that stands to enjoy panoramic and breathtaking views of the city skyline and horizon. Homes on the lower floors will also enjoy lush greenery views overlooking East Coast Park and the landed housing estate.” The tender exercise for the site will close on Mo, 21 May.... Continue Reading