SINGAPORE— In a sign developers are increasingly bullish about the private residential property market, two local developers have jointly snapped up the 200-unit Amber Park in Katong, marking the Republic’s largest freehold collective sale by dollar value.
The S$906.7 million deal went to City Developments’ (CDL) wholly owned subsidiary Cityzens Development and Hong Leong Group’s private real-estate arm Hong Realty, announced marketing agent JLL on Wednesday (Oct 4).