The tender for Meyer Mansion site situated at Sims Drive has closed. The website attracted 5 bids with the bid from two partners City Developments (CDL) and Intrepid Investments of Hong Leong Group Singapore topping at S$383.5 million which reflects S$732 psf ppr. The 2 companies agreed to develop the residential condominium with a 60:40 ownership ratio. A bid from GuocoLand came second at $655 psf ppr falling 12% below the most truly effective bid. Meyer Mansion site covers 174,648 sq ft and anticipated to accommodate about 565 residential units. The building will comprise of 17 or 18-storey buildings. Hong Leong Group spokesman commenting on the site noted that one of the impressive attributes of Meyer Mansion site is the excellent connectivity. The neighbourhood is linked to the rest of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway. The CBD and the famous Orchard Road Shopping Belt are also about 15 mins drive from Meyer Mansion. Paya Lebar Central and Paya Lebar MRT Interchange station is just one stop far from Aljunied Train Station running on the East-West Line. Amenities will also be reachable from Meyer Mansion with prominent schools located within walking distance. A number of the schools around include Canossa Catholic Primary School and Geylang Methodist School. Such proximity to educational institutions makes the positioning suitable for family living. Other amenities such as for example restaurants and shopping malls are also within the vicinity allowing residents to savor the utmost convenience when accessing various necessities.