Meyerhouse is a new freehold development located right in the heart of Tanjong Katong by UOL Group. The site is the former Nanak Mansions freehold development that is collectively sold to Secure Venture Investments (No. 1) which is a unit of United Overseas Limited (UOL) Group. Meyerhouse is located in the prime Meyer Road district that is located near to the upcoming Tanjong Katong MRT Station on the Thomson-East Coast Line.
Meyerhouse UOL Group Tanjong Katong
Meyerhouse UOL Group has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Tanjong Katong.
Meyerhouse Location sites on a prime piece of freehold land which represents a timely investment for UOL Group who is looking to replenish its land banks. Most of the launches recently are 99 years leasehold development and this freehold development will present an opportunity for buyers who are looking for a freehold land located in the Tanjong Katong area.
Meyerhouse Located next to Meyer Road Park
Meyerhouse Tanjong Katong is a former 36 units freehold development owned by a low profile Indian family who do not stay in the development. All 36 units of the development has been rented out and the former Nanak Mansions consist of 36 maisonettes which are either 4 or 5 Bedrooms. Nanak Mansions was sold to UOL Group with a price tag of $201.1M and this works out to be $1,429 per sq ft per plot ratio (psf ppr). Nanak Mansions is also prized in its location next to a Park and Meyer Road playground which adds to the already incredible amenities located around Meyer Road
Meyerhouse Freehold Condo Former Nanak Mansions
Meyerhouse Condo is also strategically located with many shopping centres located around in the vicinity. For example, the popular Parkway Parade, Katong Shopping Centre as well as 112 Katong are located near to Meyerhouse former Nanak Mansions. Meyerhouse Freehold Condo is also located near to East Coast Park where plenty of outdoor families are available for residents to spend some quality time with their family.
Meyerhouse will be accessible with the upcoming Tanjong Katong MRT Station that is due to complete in 2023. Also, for owners who are taking buses, there are several buses available along Marine Parade Road and Mountbatten Road. For owners who are traveling to the city, Meyerhouse Meyer Road is located right next to East Coast Parkway (ECP).
Meyerhouse is also near elite schools such as Tanjong Katong Primary School, Tanjong Katong Girl’s School and Chatsworth International School.
Committee of UOL Group Real Estate Developer
The primary responsibilities of the Board include exploring UOL Group cash strategies to succeed, while also being considered sustainability issues. Since 2016, the Board manages the management of important physical problems and performance indicators and approves annual sustainability reports. The Board has the support of the Sustainability Committee and the Coordination Committee.
The Steering Committee for Sustainability is based on critical decisions, including physical evaluation. The Management Committee is composed of the Executive Director and other persons of the High-ranking Management Group. The committee is co-sponsored by two committees, which deal with the real estate sector and the hospitality sector individually. It includes delegates in the sections that include legal matters, secretariat, hotel operations, finance, marketing, engineering, and development. Each company contains the self-sufficiency to growth goals and plans, taking into account each exceptional work environment. A comparative evaluation of the social and environmental performance industry takes place at an annual event.
The governance sustainability permeates capacity and location and guarantees the integration of sustainability at the central and working levels. At UOL Group our goal is to create a perfect work of art in each project. We trust that, as developers, we must go beyond providing a pleasant living environment. Focusing on the brilliant structural plan, we strive to build grade and refinement codes that meet the requirements of home buyers for a residential address.
East Coast Park is easily accessible from Singapore’s hotels in Orchard Road or via most of the bus lines that take you to the city center. For holidaymakers who have families, there are few attractions that can suit and match the magnetism and energy of East Coast Park. It’s the best place to spend your holiday and interact with different people.
Certain Conditions to be Met for the Acquisition of Meyerhouse Site
Secure Venture Development’s (No 1) which consist of UOL Venture Investments Limited as well as Kheng Leong Company Limited which is a privately held property vehicle of the family of Wee Cho Yaw, former UOB chairman. Secure Venture Development will also redevelop a private road leading to Meyerhouse located right next to the development. Meyerhouse Katong will be the next Nassim Residences which is located at the East and will be a prized development that is the signature and hallmark luxury development of Kheng Leong and UOL Group.
Meyerhouse Close to Many Country Clubs
Meyerhouse UOL is located in the upscale residential area of Meyer Road and Tanjong Katong and this means many affluent individuals who are keen for social networking. Meyerhouse freehold condois located near to many country clubs such as Marina Bay Golf Course, Singapore Swimming Club, Chinese Swimming Club and Epic Tennis Academy Pte Ltd. The facilities offered at these clubs provide additional amenities for residents of Meyerhouse to socialize and network besides the facilities offered at the development.
Meyerhouse Located Near to Many Established Schools and Educational Institutions
Meyerhouse location which is located in the upscale area of Tanjong Katong is close to many established schools. Being close to schools means that less time is needed to travel to and fro to send the kids to school and therefore more time can be spend on work. There is also more time which the kids can spend on tuition as well as other activities. Meyerhouse Kheng Leong is close to primary and international schools such as Canadian International School, Dunman High School, EtonHouse Pre-School Mountbatten 717, School House By The Bay, EtonHouse International School, Dunman High School, Odyssey The Global Preschool and Chung Cheng High School (Main).
Increase in Stamp Duty for 2nd property Owners
The recent cooling measures has resulted in more cash upfront as well as more financial resources that is needed for multiple property owners. For example, there is an increase of stamp duty for 2nd property owners and this has increased 5% from the previous 7% to the current 12%. This means more capital upfront and therefore investors might prefer a freehold development where capital is preserved and locations that is city fringe as core city centre condos are priced too high. Meyerhouse Condo located just minutes away from the city centre provide an excellent investment opportunity that is not so taxing as the prices are reasonable. Also, the new Total Debt to Service Ratio of 60% means that less amount of money can be used to pay off the mortgage of Meyerhouse Kheng Leong. For example, for every $10,000 that an investor earns, only $6,000 can be used to service the mortgage and this is inclusive of any fix liabilities that the owner has and this includes car loans as well as any other loans which the investor have.
Loan to Value Ratio for 1st timers Decrease
During the two weeks for Meyerhouse preview that the buyer gets before they can make the financial commitment, they have ample time to find out their Loan to Value ratio. This has to do with any outstanding mortgages they may be paying. Buyers without outstanding mortgages are granted a maximum of 75% of the property’s value. Buyers would previously get 80% of the property’s value but this rule has since changed reducing this value by 5%.
Buyers keen on investing on the development can access the services of bankers at the show-flat who will do all the complex math for you. With a banker at hand, you know how well you are suited for your choice of property from the onset. Buying a home can be taxing especially to the first time buyer who has never owned a property before. As one of the biggest financial commitments you will ever make, you need all the preparation you can get before you go ahead with the purchase. First off, you need to examine your current patterns of spending. After some number crunching, you should know whether you are able to cater for the mortgage payments
Freehold Developments Better Than Leasehold Developments
Meyerhouse Secure Venture Investments is a freehold development that is located just minutes away from Katong Park MRT Station as well as Tanjong Katong MRT Station. It has been proven that leasehold developments value tend to drop over time and the drop becomes apparent when the property has hit the 15 year age. Freehold developments are the ideal investment as capital value is preserved. The lease of the development is freehold and therefore there is no remaining lease and the lease granted for Meyerhouse Tanjong Katong is forever. Moreover, freehold developments in a mature estate is the ideal investment if it is located at the city fringe and next to an MRT Station. Meyerhouse UOL Group is located at Meyer Road which is city fringe and just minutes away from Tanjong Katong MRT Station on the Thomson-East Coast Line. Please also see the different Meyerhouse floor plans for your consideration.
Meyerhouse Tanjong Katong MRT Station Thomson-East Coast Line
A wonderful and unique lifestyle awaits you at Meyerhouse right in the heart of Marine Parade and Tanjong Katong. Please see Meyerhouse site plan and floor plans for more information.