What are the land development opportunities in District 15?

In District 15, particularly in the areas of Meyer Road and Amber Road, there are several land development opportunities that are noteworthy.

Meyer Road Area

• This area is known for its potential for en-bloc sales due to the presence of older developments sitting on larger land parcels. For instance, developments like Hawaii Tower and The Sovereign have significant en-bloc potential because they are under-utilized and have fewer units compared to their land size.
• Meyer Park, for example, was successfully en-bloc sold and is now being redeveloped as Meyer Blue. This new development will have a mix of unit types, including 2-bedroom, 3-bedroom, 4-bedroom, and 5-bedroom units, highlighting the area's redevelopment potential.

Amber Road Area

• Similar opportunities exist in the Amber Road area, where older developments like King's Mansion and Amber Point have large land sizes and relatively few units. These factors make them prime candidates for en-bloc sales and redevelopment.
• The area also sees a mix of large-scale and boutique developments, with newer projects like Amber Park and Coastline Residences indicating ongoing development activity and potential for future projects.

En-Bloc Potential

• Investors can capitalize on these opportunities by either investing in older properties with en-bloc potential or purchasing units in areas where such developments are likely to occur. Successful en-bloc sales can significantly increase the market price of the new development, benefiting surrounding properties as well.

Accessibility and Amenities

• The recent introduction of the Thomson-East Coast Line (TEL) MRT stations in the area, such as Katong Park and Tanjong Katong, has enhanced the appeal and accessibility of these neighborhoods, making them more attractive for both residents and investors.

Overall, District 15, especially the Meyer Road and Amber Road areas, offers substantial land development opportunities through en-bloc sales and the redevelopment of under-utilized land parcels.