Resale price of non-landed properties in districts 15 and 10 have risen significantly said Edmund Tie & Company‘s (ETC) caveat analysis of URA Realis data. The price increase which includes the Katong and Amber Road areas follows news of the Amber Park and Royalville en bloc sale last year.
The caveat analysis considered resale transactions in the 2017-2018 period and compared deals before and after the two collective sales (excluding outliers). The analysis notes that transacted prices at Mandarin Gardens have gone up by an average of 12 per cent since the Amber Park deal – suggesting that developments at en bloc attempt stage are also enjoying higher premiums.