A new residential project at Meyer Road is setting a new benchmark for properties in that area.
According to developer GuocoLand, apartments on the higher floors of its boutique development, The View @ Meyer, have achieved selling prices of close to S$1,700 per square foot.
The average price for other units facing the sea is close to $1,500 per square foot.
This is a price level not seen in the Meyer Road area in almost a decade.
About 80 percent of the 45 units at the development have been sold.
Source: Channel NewsAsia, 17 January 2007