The Albracca has been sold to Sustained Land at S$69.1 million, which calculates to be a land rate of $1,409 per square feet per plot ratio (psf ppr).
The land site of The Albracca lies just in front of Katong Park MRT station, which is part of the Thomson-East Coast line.
The new project will be a 66-unit project named One Meyer. It will consist of a 19-storey residential tower with a mixture of 2-Bedroom and 3-Bedroom apartments.
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