A New Launch of Amber Park 2019
Brought to You by
CDL Developments and
Hong Leong Group
200 metres to Upcoming
Tanjong Katong MRT Station
Showflat OPENS!!
Please Register HERE for
VVIP Preview and Low price at Launch
or Call +65 90070868
Developer's Sales Team
New Amber Park Showflat Gallery
Amber Park, located along Amber Gardens, in the Eastern Region of Singapore, is sitting on the former development, also named Amber Park. It is a rare freehold development, with a large land site of 213,670 square feet and it represents one of the last few plots of land that is available with a land size of above 200,000 square feet in the immediate area.
New Amber Park Condo is located in the prime and upscale location of District 15 and is walking distance to upcoming Tanjong Katong MRT Station, serving the Thomson East-Coast Line (TEL). It is located near to East Coast Park with plenty of outdoor activities where families and residents can walk across to the beach and spend quality time together. Amber Park has an attractive and centralised location as it is close proximity to Marina Bay and Financial Centre, Central Business District (CBD) and Orchard Shopping Belt.
The Amber Road area is widely regarded as a prime location outside Core Central Region and is popular among high-net worth buyers. East Coast and Katong is home of the Peranakans and Eurasians. By staying here, you will discover the Peranakans cultures as you stroll past heritage shophouses, quaint stores and eateries in this charming corner of Eastern Singapore.
With this land size, Amber Park will have 2 frontages, from Amber Gardens and Amber Road. The developers, City Developments (CDL) and Hong Leong Realty bought the development for S$906.7 million and would like to remain the name of this upcoming development in this lovely location, as Amber Park.
Attractive Prices At New Amber Park
1 Bedroom+Study from S$1.092 million
2 Bedroom from S$1.62 million
2 Bedroom+Study from S$1.608 million
3 Bedroom from S$2.157 million
4 Bedroom from S$3.438 million
4 Bedroom+Study from S$2.9904 million
5 Bedroom from S$4.7416 million
5 Bedroom+Study from S$5.556 million
6 Bedroom Penthouse from S$13 million
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New Amber Park Showflat! or
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With a revised plot ratio of 2.8, New Amber Park will be redeveloped to accommodate a high-rise development, comprising of 592 residential apartments consisting of 3 blocks of 21 storeys and a sky garden on the 22th storey.
SCDA: The Architects behind Amber Park New Condo at Amber Gardens
In order to bring stunning design to Amber Park development, CDL and Hong Leong Realty has brought in SCDA, a design studio founded by Chan Soo Khian. Distinctively comtemporary in details and carefully curated with finest materials and textures, SCDA seamlessly integrating architecture, interior design, landscape architecture and product design to create holistic spatial experiences.
SCDA has grown to a world-renowned firm that has designed over 70 locations across five continents.
Having won a variety of architecture awards including three Royal Institute of British Architects prizes, Chan Soo Khian has used his Master of Architecture obtained at Yale to craft awe-inspiring building designs around the globe. SCDA has grown to a world-renowned firm that has designed over 70 locations across five continents.
Now, he is bringing his passion for design and ability to create holistic spatial experiences to the Amber Park development. With SCDA’s proven record of developing world class buildings, it can be assured that Amber Park will be yet another brilliant addition to the Singapore skyline.
Amber Park condo Offers Sea View
With heights of up to 80 metres above ground level, residents of Amber Park will enjoy relaxing views of the sea when they look out from their window. Residents of the lower floors not only enjoy the greenery but also the views from the community terrace on the 22nd level.
Be Socially Active and improve your network
Maintaining an optimal level of wellness is important and matters for everyone of us as everything that we do relates to our well-being, which in turn, affects our emotions. At Amber Park, CDL has created quality spaces for us to achieve positive interactions, giving you the freedom to connect and interact, creating a healthy and fulfiling life.
The Sky Garden at Level 22- The Stratosphere- a recreational deck 235 metres above sea level, 32,507 square feet, connects the 3 Towers together and comes with Garden, Gourmet Dining room and Lounge.
Fuel your body with fresh air and promote fitness
Designed with alot of greens, The Stratosphere also boost a 600 metres Jogging track, Gymnasium, Yoga Deck and Spa Pool. Nourish your wellness with refreshing outdoor spaces here.
Contact Us Now to View
New Amber Park Showflat! or
Talk to Us at +65 90070868
An Overview on Why Buy New Amber Park
- Well developed by Multi awards Winning Top developer City Developments (CDL) and Hong Leong Group
- New Amber Park is a freehold luxurious development in the lively heart of Amber Gardens, with a land size of more than 200,000 square feet
- A short walk of 3 minutes to the upcoming Tanjong Katong MRT Station serving the Thomson-East Coast Line (TEL)
- Easy convenience to many shopping malls, grocery shops, restaurants, cafes and food centres
- Close proximity to reputable schools which include Toa Nan School, Ngee Ann Primary School, Tanjong Katong Girls', Chung Cheng High School (Main), Dunman High School and Victoria Junior College
- Availability of recreational facilities which include Chinese Swimming Club and East Coast Park
- Short drive to Marina Bay, City Centre and Changi Airport
- Residents can get great convenience to drive to different parts of Singapore as Amber Park has easy access to ECP Highway
View Unit Prices and Available Units HERE
New Condo Launch at Amber Park- Comprehensive and Functional layouts
New Amber Park Condo floor plans are expected to be comprehensive and space efficient. Unit mixes is wide ranging from the more compact and popular 1 Bedroom+Study and 2 Bedrooms for single professionals and young families start-ups and investors. There are also larger units for the home stayers from 3 Bedrooms, 4 bedrooms, 5 Bedrooms+Study and Penthouses. Extra attention shall become placed on natural illumination.
According to the floor plan layout, each apartment will have comfortable spaces allocated to family rooms and dining area. The units come with either a balcony or private enclosed space for enjoying views and the surrounding views and greenery. Their spaces are planned functionally where balconies are rightly sized, wardrobes and kitchen cabinets are nicely built onto the wall, to maximise usable area and lessen wastage on space. The living room shall receive strong walls and high ceilings. At the kitchen, developers plan on equipping and mounting beautiful, durable cabinets on the wall as well as spice shelves. Attractive countertops will be fitted along and around the sink while the developers provide more segments below the surface.
The Iconic Gateway in Singapore
Most of the units are North-South facing with units having sea, city and pool views. Amber Park's total recreational space is the largest among new developments in the East-Coast and Katong area.
The landscape will be filled with facilities and rich elements of greenery for the residents' enjoyment. The architecture was designed and crafted to utlilise views it offers while outdoor spaces connect the building to the elements of nature. The towers are designed with full-height glass exteriors to maximise stunning views of the surroundings, standing out against the skyline.
The first level is designed as a contemporary luxury resort with facilities which include 50 metres lagoon pool, logoon cove and private dining at Club Amber clubhouse. Landscaping is taken into serious considerations for Amber Park. A flower garden adds elegance to the the communal spaces in the condominium and this gives residents to unwind themselves over the weekends. Water features are blended nicely into the landscape. It offers a river-like feel to the surroundings. Resting areas will be uniquely build above some of the water features, hence taking relaxation to another level.
The site’s landscapes are dazzling due to the presence of footpaths created alongside greenery gardens. Walkways and greenery are incorporated in the design of the surrounding landscape, bringing to life the traditional values of neighbourhood and community. They complement the condo’s exterior decor and amplify the environment within. On completion, New Amber Park will have well-maintained plantations where residents will have absolute relexation and feel with nature.
Amber Park near Tanjong Katong MRT is well-connected
Amber Park is approximately 200 m away from the upcoming Tanjong Katong MRT Station which will start operating in 2023. As of now, Amber Park is approximately 1.6 km away from Datoka MRT Station which operates the Circle Line service. The downtown financial district is approximately 7 minutes’ drive away while the Orchard Shopping Belt will take around 8 minutes of driving.
Amber Park is also well linked to various expressways namely the East Coast Parkway (ECP), the Pan Island Expressway (PIE) and the Kallang Paya Lebar Expressway (KPE) which provides seamless driving to various parts of Singapore.
A Luxurious Neighbourhood set in Nature
Amber Park condo is the scenic yet elegant surroundings. The nature that is set just outside the development offers the peaceful serenity of nature, yet there are a wide array of top class dining and nightlife options just a short distance away.
District 15’s real claim to fame is the illustrious East Coast Park, s considered to be Singapore’s top urban getaway. With the Amber Park location situated right above the park, it offers the remarkable opportunity for a relaxing seaside walk that is the perfect escape from city life.
A Wide Range of Amenities near Amber Park Condo
There are numerous retail, eating, leisure and entertainment facilities within the vicinity of Amber Park. Within a few minutes’ walk from Amber Park, there are wet market, food centre and retail outlets which are hosted at the Marine Parade Central. There are also numerous useful amenities such as F&B outlets and supermarket that at i12 Katong which is approximately 300 m away. Parkway Parade, a popular shopping mall with those living around East Coast is also just a stone’s throw way.
There also many local foods stalls which serve good local delicacies situated at 84 Marine Parade Central Market & Food Centre, Marine Terrace Block 50A Food Centre, Haig Road Market & Cooked Food Centre and Old Airport Road Block 51 Market & Food Centre which are less than 2 km away from Amber Park.
Amber Park by CDL is Perfect for Families
There are several high quality schools and educational institutions closeby to Amber Park, making it ideal for families. Local school such as Tanjong Katong Primary School, Ngee Ann Primary School, Kong Hwa School, Chung Cheng High School (Main), Dunman High School, Northlight School, Tanjong Katong Girls’ School, Broadrick Secondary School, Tanjong Katong Secondary School and Victoria Junior College are also located within short distance from Amber Park.
Luxury Residence at Amber Park A Freehold Condo by CDL
City Developments Limited (CDL) is a Singapore-listed international real estate operating company with a global presence spanning 97 locations in 26 countries. As one of Singapore’s largest companies by market capitalisation, its income-stable and geographically-diversified portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls, totalling over 18 million square feet of floor area globally. Building on its track record of over 50 years in real estate development, investment and management, CDL has developed growth platforms in five key international markets – UK, US, China, Japan and Australia. In Singapore, CDL has an admirable track record of having build over 23,000 homes covering all the market segments.
Hong Leong Group
Hong Leong Group is Singapore’s leading developer for real estate property development and is a globally diversified company and gross assets of over S$40 billion and with the largest residential land bank in Singapore. It employs over 40,000 people across Asia-Pacific, the Middle-East, Europe and North America. The four core business are property development, hotels, financial services and trade & industry.
City Developments (CDL) believe that the types of landscaping the condo development receive will contribute to the wellness of the residents. The recent few condos by CDL which won the best landscape are The Rainforest in Choa Chu Lang, completed in 2015, was conceptualised as a "nature reserve" for endangered plant species. It was made up of 22 native species of trees and palms and 26 native species of shrubs and groundcover.
The Tree House Condo at Chestnut Avenue off Bukit Panjang Road has a 24 storey green facade, which entered the Guinness World Record for largest vertical garden in 2014. In a bid to become one of Singapore's most eco-friendly property firms, CDL Developments had further raised its performance target in the field of sustainability.
And Lush Acres along Fernvale Close in Sengkang has a hydroponic farm, where residents can plant their own herbs and vegetables within a temperature-controlled environment..
The Group is recognised as an innovative key property player in Singapore. Through its Singapore-listed City Developments (CDL) and privately held Hong Leong Holding Limited, the Group holds the largest non-government residential landbank in Singapore. The Group is also ranked as one of the largest residential developers and biggest commercial landlords in Singapore' core Central Business District (CBD).
Known for many iconic high-end homes which include Meyerise, Nouvel 18, South Beach Residences, New Futura and Boulevard 88, City Developments (CDL) and Hong Leong Group are proud to present you another of their quality condo development along Amber Gardens. With its good accessibility to upcoming Tanjong Katong MRT Station, excellent connectivity to Central Business District (CBD) and Marina Bay, proximity to good schools and seaside living, City Developments and Hong Leong Group are confident that this new residential site at former Amber Park, with its rich elements, New Amber Park will make an excellent choice for home owners.
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Project | Amber Park |
Developer | Aquarius Properties Pte Ltd (A Joint Venture between City (CDL) Developments and Hong Leong Investment) |
Location | 16, 18 and 18A Amber Gardens |
District | 15 |
Tenure | Freehold |
Site Area | 19,850 square metres/ 213,670 square feet |
GFA: | 55,582 square metres/ 598,300 square feet |
Plot Ratio | 2.8 |
Expected TOP Date: | 2023 |
Total Units | 592 residential apartments |
Total Carpark | 597 basement carpark lots (inclusive of 5 handicapped carpark lots) |
Development | Private Condominium- 3 blocks of 21 storeys of residential units and communal sky garden on 22nd storey, on one of the largest site in the vicinity, comprising of communal facilities and basement car-park |
Unit Type: | 1+study to 5+study and 6 bedrooms penthouses |
Architect | SCDA Architects Pte Ltd |
Eligibility | SC, SPR and Foreigner can buy |
Amber Park New Condo Unit Mix Distribution | |||
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Unit Type | Type | Area (Square Feet) | Total No. of Units |
1 Bedroom | TBA | TBA | TBA |
2 Bedroom | TBA | TBA | TBA |
3 Bedroom | TBA | TBA | TBA |
4 Bedroom | TBA | TBA | TBA |
5 Bedroom | TBA | TBA | TBA |
Penthouse | TBA | TBA | TBA |
Amber Park New Condo Facilities | |||
TBA
|
Amber Park New Condo Price List | |||
---|---|---|---|
Unit Type | Area (Square Feet) | Pricing | PSF |
1 Bedroom | TBA | TBA | TBA |
2 Bedroom | TBA | TBA | TBA |
3 Bedroom | TBA | TBA | TBA |
4 Bedroom | TBA | TBA | TBA |
5 Bedroom | TBA | TBA | TBA |
Penthouse | TBA | TBA |
TBA |
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.
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.
View Price and Available Units HERE
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.
Land Cost: $1515 psf prr
Construction Cost: $400 psf
Marketing expense: $200 psf
Profit margin: 20%
Estimated launch price: $2538 psf
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.
In Singapore residential market, the price gap between HDB versus the private residential market is widening. Base on DBS, it states that Bull Case would see Annual Private Home demand of 17,250 units.
Base on our analysis, our projection for new home demand will come from
1) Household formation
2) Upgrader demand and
3) Foreigner purchases for investment.
The current en-bloc craze has seen developers investing close to S$34 Billion into Singapore property market (S$26 Billion in en-bloc transactions and S$8 Billion into Government Land Sales (GLS) programmes. With a total of 6,500 households displaced, the near term demand over the next two years could rise above the historical norm.
Projected base Population Growth of 6.5 million by 2030 is expected to have a positive impact on Private Home Property Market as demand is projected to remain above historical average of 12,000 units per year.
Register HERE for a presentation to understand why the property market is heading towards an unstoppable uptrend.
How does Amber Park compare its Prices with other developments in the vicinity?
Amber Gardens is the Most well-liked area in District 15. It is very unique in many ways due to its location. Because it is along East Coast Parkway (ECP), which makes it an excellent location for investors and own stay buyers alike who wish to stay near the city, but yet enjoy a host of amenities and most importantly enjoy the sea view that no other locations in Singapore is able to offer.
Comparing with Seaside Residences, a leasehold new project that was launched in 2017, has been transacting above 2000psf, largely because of its prime location facing the sea. On the completed projects end, we see that the transaction volumes are highest for projects with sea view, be it 99 years or those with freehold tenure. Older projects such as Seafront on Meyer and Aalto also boast unblocked sea view and are transacting close to 2,000psf as well. This shows that the demand for District 15 is robust and projects in this location have an excellent take up rate.
What are the rental rates in Amber Gardens?
In this low rental rate environment, this part of District 15 is able to fetch 3.5-4% rental yield which is high for investors who want to purchase a unit for lease in the area, even without a MRT Station. Hence, with the upcoming Tanjong Katong MRT Station to be ready when Amber Park completes by 2023, investors and owners can see a higher occupany and higher rental returns.
Condos that have high transaction volumes situated near the sea, East Coast Park, can command higher rentals and have big land space for abundant facilities. Amber Park spans more than 200,000sqft in land space, consisting of 3 Blocks of 21 stories of residential units and communal sky garden at 22nd storey. There will be ample space for residents to mix, enjoy the myriad of facilities, as well as enjoy a short stroll to the nearby Parkway Parade and East Coast Park. Imagine a nice relaxing weekend spent shopping and dining at Parkway Parade, or cycling with your children at East Coast Park.
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.
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:
Quick Milestones:
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.
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.
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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.
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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