PROPERTY LAUNCHES & INVESTMENTS

AMBER PARK FREEHOLD CONDO DISTRICT 15 TANJONG KATONG MRT

LOCATION and AMENITIES- NEW AMBER PARK

Amber Gardens is an established private enclave with a strong followers of residents and tenants from not only local Singaporeans but also expatriates as it has close proximity to Central Business District (CBD), City Centre, good and vast amenities, leisure at East Coast Park and ease connectivity to the Airport. Within here, the private condominiums include One Amber, The Esta, Amber Gardens, The Seaview, Silversea, Amber Skye and upcoming New Amber Park, which boost a large site area of more than 200,000 square feet, which explains why Amber Park is precious and a gem in District 15.

The Tanjong Katong MRT Station, serving the Thomson East-Coast Line (TEL) will be ready by 2023, which is about the same time Amber Park will be ready for occupation. it is about 200 metres to the upcoming Tanjong Katong MRT Station. This is about 5 minutes walk to the MRT Station. This is 4 stations to Garden by the Bay and 6 stations to Marina Bay.

Residents can take a short stroll to East Coast Park where they can enjoy outdoor activities such as cycling, skating, outdoor BBQ

There are abundance of amenities in the vicinity. Take a walk to Parkway Parade where you can find all your desired groceries, market and eateries here.

This new extension track enables residents to run or jog all the way to Marina Bay Gof Course and through Gardens by the Bay, towards Marina Barrage. This is a journey with marvellous views of Singapore Flyer and Marina Bay Sands (MBS).

Amber Park is a short drive to Central Business District (CBD), City Centre and Orchard Shopping Belt. 

FACILITIES SITE PLAN E-BROCHURE- NEW AMBER PARK

View Floor Plans HERE

Amber Park has 2 frontages, on along Amber Gardens and the other on Amber Road.

Most of the units in Amber Park will be orientated into North-South facing, with many units commanding sea views. On the south of Amber Park, part of the frontage is facing towards Chinese Swimming Club. Beyond the club which is low-rise, there is East-Coast Expressway (ECP), East Coast Park and beach. 

RESIDENTIAL FLOOR PLANS E-BROCHURE- NEW AMBER PARK

View Price and Available Units HERE

• Make sure you check the measurement of each room which will give you the idea of the size of the room and how much of your furniture can fit into it. Always check which way the door will be swinging and the space that will be left empty after the door is opened or closed. Check if the windows embedded in the condo are as per your necessities. Sliding windows are demonstrated by thin empty line by the dividers, while casement windows, as a rule, come in sets.

• Do check whether room size matches your required area so that you do not have to face difficulty when fitting the furniture in the room. Make sure the total numbers of rooms mentioned in the floor plan are according to your family needs. Check the dimensions allotted to the kitchen. Make sure that every room has a separate entryway so that there is no hindrance to privacy.

• Check the measurements of the corridors as most people consider long passageways are generally viewed as a waste of space. Always check for natural lighting. This is a very important step for the ventilation and the aura of your home. Ensure you get enough morning and evening day light and the accessibility of sun shades. Ensure that there is appropriate cross ventilation in the house Condominiums usually do have room for the family maids. Make sure that there is one if you require it.

• Ensure that the cupboards are built-in in the condominium so that you do not have to spend extra money on installing new ones. Check which walls are structural and nonstructural for safe removal in the future. Structural walls are represented in the floor plan by thick bold lines while non-structural walls are indicated by thin lines. Check if storage room and pantry space fulfill your requirements. Also note that whether the washrooms are connected or common, according to your requirements.

AVAILABLE BALANCE UNITS/ SOLD/ CHEAPEST PRICES PSF STARBUY- NEW AMBER PARK

View Site and Facilities Plans HERE

New Amber Park is a new condo, retaining the name of former Amber Park, where the site was sold to CDL Development, for $906.7 million, as collective sale. The sale price of $906.7 million works out to a land cost of about $1515 psf per plot ratio on the potential gross floor area.

Cost of Land

The biggest item which determines the new condo price on the launch date is the price at which the land was acquired for the development. This cost of land is spread out across the size of the development so that the cost per square foot (psf) is established. This means that a piece of land with fewer condos may have a higher land psf than another similarly sized piece of land with more condos built on it.

Construction Costs

The cost of constructing the condos also influences the price at which those condos will be sold on the launch date. Construction companies have become so efficient that their construction costs for each square foot of a building don’t vary so much.

Developer Expenses and Profit

The cost of land and the cost of building the condominium will give you the base cost of the project. A fraction (30%) of that base cost will be added in order to cover the additional expenses (conveyance fees and financing costs, for example) incurred during the land development. That fraction of the base cost also covers the profit margin of the developer. The total of the base cost and the extra 30% in order to arrive at an estimate of the likely new condo price on the launch date.

Developers want to make a good product that is of value to the consumers, and they need to generate healthy profits levels for their shareholders. With the most expensive items as land and construction costs, add on the administrative, sales and marketing expense, finance cost, profit margin we will arrive at the selling price.

Marketing expense for the project is around $200 psf. Construction costs including architecture design, is about $400 psf for a condominum.

• Administrative expenses: Staff costs, office rents etc..
• Sales and marketing expenses: Showflat building costs, commission for real estate agencies, advertising for the development, lawyer fees for conveyancing etc..
• Finance costs: interest expense paid to the finance institutions for financing the development.

Land Cost: $1515 psf prr
Construction Cost: $400 psf
Marketing expense: $200 psf
Profit margin: 20%
Estimated launch price: $2538 psf

WHY BUY NEW AMBER PARK NOW?

After enduring four years of decline, the property developers finally have some good news. The URA reported an increase of 5.4 percent in the private residential property. This is now attracting property dealers from all over the world. As you all may know, Singapore is an island and land will always remain a scarce commodity that’s why the prices of these properties are bound to increase in the long term.

Since New Amber Park new launch condo is currently under construction, it offers a great option for buyers who are still saving the money for the initial down payment. By facilitating buyers with a progressive payment schedule, installments can be made every few months. These small installments represent a much more accommodating and manageable mortgage. If you buy an investment property, you can easily find a tenant that will help you pay down the loan and mortgage. You will be buying the property at the best price if you get it directly from the developer.

After the purchase, you can resell the property at a higher price. This is great for young people who are looking to settle down in a good place. The great thing about Amber Park new launch condominium is that there is no asset depreciation. So, if you sell the condo just before its completion, you have a chance of acquiring a higher profit.

Buying a Amber Park condo will prevent you from paying buyer’s commission because that will be paid by the developer. After each successful sale, the developer pays the agency which further pays the agents involved. The location of your condo will play a huge role in determining its value in the long run. You can also choose the unit you desire since Amber Park is newly launch, but you will have to act fast because condominiums sell out pretty fast.

This is ideal for buyers who are very choosy and particular about what kind of home they want. You will have the opportunity of securing units with better views which will eventually become very valuable on the open market. All you have to do is sign up and pre-register for the preview by contacting the developer’s marketing team members. To attract a lot of customers, property developers often offers many discounts and stamp duty reimbursements during the VIP and VVIP preview. All you have to do is choose your desired units, submit them with your cheque and leave the rest to the developer’s agent.

The developer’s marketing team will enlighten you regarding the all the particular details of Amber Park such as the pricing, floor plan, etc. during this preview. The value of these condominiums automatically increases the moment the developer removes the early bird discounts. These discounts will be saving you a lot of trouble of negotiating with the seller as well.

Anyone who has invested so much in property would want to be relieved from any further tensions and look forward to enjoying their latest purchase. You will receive Amber Park in brand new condition and can renovate it according to your taste and needs. Not that you’ll need any renovation because everything will be brand new and you will not have to deal with additional maintenance work.

But in case you face any issues in the condo, you won’t have to spend extra money to get it fixed because the developer offers you a one-year warranty on fixtures and fittings. The plus point about Amber Park is that you add your personal touch to it as everything will be according to your choice, and you will not have to deal with the previous owner’s choices. New Amber Park also offer much better facilities than any other resale property.

Investing in a New Amber Park newly launched condo does mean that you will have to wait to enjoy the luxury, but one thing that will help you get through it is that the wait and money are going to be worth every second and penny.

THOMSON EAST COAST MRT LINE TO BE COMPLETED IN 2024

On August 15, 2014, the LTA announced that the southern end of the Thomson Line which serves the North South corridor will be extended eastwords to form the new TEL MRT line. In Singapore, the proximity to an MRT station helps to sell properties. The 13km East coast stretch will bring MRT travel to areas not currently served by the MRT system and increased connectivity to the East will be brought about by a 2.2km, 2-station extension of the Downtown Line (DTL) to join DTL To TEL. Here are some points about TEL:

• Consists of the 22 station Thomson Line along the N-S corridor and the 9 station Eastern Region Line
• Seamless connection from Woodlands in the North to the East Coast
• Fully underground
• Benefits of sscale, operational efficiency and common systems and trains
• Total Length 43km
• Total cost of S$24 billion, 6.8 billion for the Eastern Region Line
• Total of 31 stations
• Scale similar to N-S line and Downtown line
• 7 private properties acquired
• 7 interchanges 
• Expected traffic - 500k passengers daily, increasing over time to 1mil daily
• Alternative to E-W line for some commuters
• Eastern end of the DL line to be linked up to TEL with the addition of 2 new stations
  • Downtown Line 3 extension (DTL3e) - 2.2km
  • Access to Changi Business Park and Expo areas
• Travelling time saved (now served by MRT or MRT+Bus):
  • East coast to Orchard, 45mins instead of 75mins, saving 30mins
  • Woodlands to Marine parade, 1 hr, currently not possible by MRT, 80mins by bus
  • Marine parade to Shenton Way, 20mins instead of 40mins, 20mins saving
  • Marine parade to Jurong East, 50mins (via TEL, EWL) instead of 65mins, save 15mins
  • Upper East Coast to Ang Mo Kio, 45mins instead of 60min, save 15mins

• New combined MRT and bus depot to be built next to the existing Changi Depot
  • Capacity for 220 trains from TEL, E-W and DTL lines and 550 buses
  • 36-hectares, multistorey
  • Combining and having several storeys saves 44 hectares
  • Existing depot to be demolished

• East Region Line
  • 16km long
  • Serves new areas such as Siglap, Marine Parade, Upper East Coast and Bedok South
  • Construction of the Eastern Region Line to start in 2016.
  • First 7 stations - Tanjong Rhu to Bayshore - to be ready by 2023.
  • Last 2 stations of the Eastern Region Line - Bedok South and Sungei Bedok to Tanjong Rhu to be ready by 2024
  • Singapore's first underground bicycle parks
    • Marine Parade, Marine Terrace, Bayshore and Sungei Bedok Stations
    • More bicycle parts at all future stations

 Quick Milestones:

• 2019 - 3 stations on the NEL line gets connected to the N-S Line at Woodlands MRT
• 2020 - 6 new stations from Springleaf to Caldecott open
• 2021 - 13 new stations from Mount Pleasant to Gardens by the Bay give direction access to the CBD, Marina Bay and Gardens By The Bay from the Woodlands
• 2023 - 7 stations on the East Coast stretch open new access to the East Coast area currently not served by any MRT line
• 2024 -  last 2 stations on the East Coast stretch connect to the DTL3e extenstion at Sungei Bedok and will relieve some pressure on the E-W line.

The Thomson-East Coast Line (TEL) is a joint line between the Thomson Line and the Eastern Region Line.

The 43km TEL will add 31 new stations to the existing rail network, with 7 interchange stations, which will link to the East-West Line, North-South Line, North-East Line, Circle Line and the Downtown Line.

The 13km eastern stretch will run through the neighbourhoods of Tanjong Rhu, Katong Park, Amber, Marine Parade, Marine Terrace, Siglap, Bayshore, Bedok South and Sungei Bedok. The first seven stations, from Tanjong Rhu to Bayshore, will be ready in 2023. The stations in Bedok South and Sungei Bedok will be ready in 2024.

When the 43km-long TEL is completed in 2024, a trip from East Coast Park to Orchard is expected to take just 45 minutes, compared to 75 minutes. Commuters travelling from Marine Parade to the Central Business District will halve their travel time from 40 minutes to 20 minutes.

The TEL will also connect with the upcoming Downtown Line which will have a new extension consisting of the Xilin station and the Sungei Bedok interchange station. This is to improve public transport accessibility to the Changi Business Park and Expo areas, he said.

The 31 stations of the TEL are expected to serve about half a million commuters daily in the initial years and twice that in the long term. To make way for the construction of the eastern stretch of the line however, six landed properties along Amber Road and a three-storey apartment along Tanjong Katong Road will be acquired.

The world's first four-in-one train and bus depot will also be built with the TEL. It will house buses and trains for the TEL, East-West Line and Downtown Line. The 36ha depot can house about 220 trains and 550 buses and integrating the depot for both buses and trains will help to save close to 60 football fields of land space.

SHOWFLAT LOCATION- AMBER PARK

If you wish to visit New Amber Park Showflat viewing, all you need to do is to schedule an appointment with us before coming around so as not to waste your time and avoid making a fruitless journey because our showflat may not be opened to the public on particular days and time.

Get amazing benefits as well as Direct Developer Discount. For additional enquiry, please get in touch with us at our Sales Information Hotline +65 90070868 for further details on the details of New Amber Park Condominium. 

Get in touch with New Amber Park Developer Sales Support Team.

It is important to deal with only with our authorized Developer Sales Support Team, you will get the best obtainable Direct Developer Discount. Get the latest information about New Amber Park units today!

New Amber Park Showflat is located along Tanjong Rhu Road, beside Dunman High School and opposite Singapore Swimming Club.

Tastefully designed to maximise the usability and efficiency of the size, the geographical location, proximity to eateries and top schools, seek to attract many potential home seekers and upgraders to make Amber Park their dream home.

Do register early to book your Amber Park Showflat viewing appointment with us to have a feel of the luxurious and fine finishing by the developer after several detail plannings.

4 Simple things to take note before visiting New Amber Park Showflat Gallery

1) We advise to check and know how much CPF you are able to use to purchase New Amber Park Condo

2) Contact our Sales Team for our recommended trusted panel of bankers for your loan assessment

3) Are you affected by the TDSR? You will need to know the bracket which you are in

4) For the actual launch date, you will need to understand on how the balloting system works

Register Early to keep yourself update on the latest information pertaining to New Amber Park. Alternatively, you may contact our Developer Sales Personnel for a non-obligated discussion.

CDL DEVELOPMENT WON TOP BID FOR AMBER PARK CONDO SITE NEAR TANJONG KATONG MRT THROUGH COLLECTIVE SALES

SINGAPORE - Amber Park, a 200-unit development in Amber Gardens, has been sold in Singapore's latest collective sale to two units linked to City Developments (CDL) for S$906.7 million.

This makes it a record amount garnered in a freehold collective sale in Singapore to date, said marketing agent JLL.

The winning bid also smashes the asking price of S$768 million.

The units involved in the sale were CDL's wholly-owned subsidiary Cityzens Development, and joint-venture partner Hong Realty. Hong Realty is the private real estate arm of the Hong Leong Group, and holds a 20 per cent stake in the project.

Under the 2014 Master Plan, the 213,670 sq ft Amber Park site is zoned for residential use, with a gross plot ratio of 2.8. It may be redeveloped to accommodate a high-rise apartment development of around 24 to 26 storeys, depending on the technical height controls imposed by the relevant authorities.

Mr Tan Hong Boon, regional director at JLL, said in a statement on Wednesday (Oct 4) that the tender was "keenly contested" and attracted eight bids.

The successful sale price of S$906.7 million reflects a land rate of about S$1,515 per sq ft per plot ratio, based on the allowable gross plot ratio of 2.8. Development charges are not payable for the proposed redevelopment.

This is the fourth time that the property was offered for sale collectively.

"There are not many sites of similar size that are available for redevelopment in the Amber Road location, as most of the larger projects have been sold en bloc and redeveloped over the years. Amber Park could possibly be one of the last collective sale sites with a land area above 200,000 sqft in this precinct," noted Mr Tan.

"At this sale price, the owners would expect to receive gross sale proceeds of between S$4.3 million and S$8.3 million each."

Separately, CDL said it is very familiar with the District 15 locale, having developed the existing 200-unit Amber Park itself, which was completed in 1986.

CDL and Hong Realty plan to redevelop the former site of Amber Park into a luxury condominium development comprising four 25-storey blocks with close to 800 units and a basement carpark, subject to approval. Most apartments will have a North-South facing orientation, with many units commanding sea views.

CDL chief executive-designate Sherman Kwek noted that the Amber Park tender win marks one of the group's "most significant investment deals in the Singapore residential market in recent years"

"CDL was the original developer for Amber Park in the 1980s and we are honoured to be able to redevelop the site into yet another iconic landmark. In addition to its strong locational attributes, a distinct advantage of this site is its freehold status, something that is increasingly rare in Singapore," said Mr Kwek.

Source: Straits Times 4th October 2017

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