2024
As far as records go, Selangor Dredging Berhad (SDB) has long been a believer in the value of freehold projects.
So it really comes as no surprise that The Myra is a freehold project in itself – despite its immediacy to both the Potong Pasir MRT station and surrounding commercial spaces like the Poiz Centre.
For those wondering, the plot of land that the Myra sits upon is actually an amalgamation of 17 separate land plots – all of which were privately owned by individual landlords up till 2018 when they were collectively purchased for $60.2m.
Admittedly, the Myra’s TOP date is still a ways away (est. end-Nov 2024). So far since its launch 3 months ago, it has seen a near 20per cent take up rate of its 85 units.
Since the launch of its Myra project in Potong Pasir, Singapore, on Sept 26, Selangor Dredging Bhd (SDB) has sold 18 of the 85 units, but the developer is confident there will still be demand, owing to its strategic location.
Sited on a 0.7-acre freehold parcel on Meyappa Chettiar Road and Woodsville Close in District 13, Myra has a gross development value (GDV) of S$150 million (RM455.62 million) and comprises a 12-storey tower with 85 residential units. Priced from S$1.06 million to S$3.06 million, the one to four-bedroom units will have built-ups ranging from 474 to 1,324 sq ft. The project is expected to be completed on Nov 30, 2024.