Sustained Land has bought The Albracca, a freehold District 15 project along Meyer Road, for 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 Katong Park MRT station.
One Meyer comprises 66 units of 2 Bedroom and 3 Bedroom apartments in a 19-storey residential tower.
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