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A New Launch of Amber Park 2019

Brought to You by
CDL Developments and
Hong Leong Group

Walking Distance to Upcoming
Tanjong Katong MRT Station

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More Information and Updates!!
New Amber Park

PROJECT DETAILS

 
 

Amber Park, along Amber Gardens, located in the Eastern Region of Singapore. Sitting on the former site of Amber Park, New Amber Park, a freehold development, has a large land site of 213,670  square feet, has a plot ratio of 2.8 and it will redeveloped to accommodate a high-rise apartment development, comprising of 3 blocks of around 22 storeys. New Amber Park Condo is strategically located with many shopping Centres in the vicinity. Residents can have short distance to popular Parkway Parade, Katong Shopping Centre as well as 112 Katong. New Amber Park freehold condo is also located near to East Coast Park where plenty of outdoor activities where families and residents can spend quality time togehter. New Amber Park 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 Condo in Amber Park has an attractive and centralised location as it is close proximity to Central Business District (CBD) and Orchard Shopping Belt. It takes drivers approximately 10 minutes drive to the CBD. 


Contact Us Now to View New Amber Park Showflat!

View Available Layouts HERE or Talk to Us at +65 90070868

Attractive Prices At New Amber Park
1 Bedroom +Study from
1 Bedroom from
2 Bedroom from
2 Bedroom+Study from
3 Bedroom from
4 Bedroom from
4 Bedroom+Study from
5 Bedroom from
Penthouse from

 

View Unit Prices and Available Unit Prices HERE

New Amber Park will be constructed into a high-rise structure, consisting of 3 blocks of 22 storeys. with full facilities, distinctively comtemporary in details and carefull curated with finest materials and testures. Unit distribution ranges from 1 bedroom to 5 bedrooms with elegant, lavish interiors. According to the floor plan layout, each apartment will have comfortable spaces allocated to family rooms and dining area. The living room shall receive strong walls and high ceilings. As for the bedrooms, extra attention shall become placed on natural illumination, bathrooms, closets, drawers, and their entire ambiance. 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.


An Overview on Why Buy New Amber Park
- Developed by Well-developer CDL Developments 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 5 minutes to the upcoming Tanjong Katong MRT Station serving the Thomson-East Coast Line (TEL)
- 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 Parkway
- 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


New Condo Launch at Amber Park- Connectivity
New and Upcoming Condo at Amber Park is just approximately 400 m away from the upcoming Tanjong Katong MRT Station which will start operating in 2023. As of now, New condo at Amber Park is approximately 1.6 km away from Datoka Train 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. New Condo at 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.


New Condo Launch at Amber Park- Amenities
There are numerous retail, eating, leisure and entertainment facilities within the vicinity of New Condo at Amber Park. Within a few minutes’ walk from new condo 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 112 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 up yummy local delicacies situated at 84 Marine Parade Central Market & Food Centre, Dunman Food Centre, Marine Terrace Block 50A Food Centre, Haig Road Market & Cooked Food Centre, Geylang Serai Market & Food Centre and Old Airport Road Block 51 Market & Food Centre which are less than 2 km away from New and Upcoming Condo at Amber Park.


New Condo Launch in Amber Park- Education
Local school such as Tanjong Katong Primary School, Ngee Ann Primary Schoo, 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 new condo at Amber Park.

 

The Condo Launch in Amber Park- Developer- City Developments
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. 


The Condo Launch in Amber Park- Developer- Hong Leong Group
Hong Leong Group is Singapore’s leading developer for real estate property development and is a globally diversified company with the largest residential land bank in Singapore. Hong Leong Group has been active in the Singapore real estate scene and is also active in the hotel industry in Singapore. As of today, The Group’s London-listed hotel arm, Millennium & Copthorne Hotels plc (M&C) is Singapore’s largest hotel group with extensive experience in this sector. 
Hong Leong Group submitted a top bid for the plot of land with City Developments Limited on the successful enbloc for Amber Park.

 

CDL Developments and Hong Leong Group is proud to present you another of their quality condo development along Amber Gardens, at the former site of Amber Park. With its good accessibility to upcoming Tanjong Katong MRT Station, excellent connectivity to Central Business District (CBD), proximity to good schools and sea views, CDL Developments is confident that this new residential site at former Amber Park will make it an excellent choice for home owners.

 

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Project  New Condo Amber Park
Developer  Aquarius Properties Pte Ltd (CDL Developments and Hong Leong Group)
Location  Amber Gardens
District  15
Tenure  Freehold
Site Area   19,850 square metres/ 213,670 square feet
GFA:  598,300 square feet
Plot Ratio  2.8
Expected TOP:
Total Units  Approximatley  residential apartments
Total Carpark
Development  Private Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC, SPR and Foreigner can buy
 
Amber Park New Condo Unit Mix Distribution
Unit TypeTypeArea (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
  • TBA
  • TBA
Amber Park New Condo Price List
Unit TypeArea (Square Feet)PricingPSF
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

LOCATION and AMENITIES- NEW AMBER PARK

FACILITIES SITE PLAN E-BROCHURE- NEW AMBER PARK

The Site and Facilities plans of new condo launch in Amber Park, are currently seeking approval from relevant authorities.
If you would like to be updated on first hand information for new condo launch in former site of Amber Park, in Amber Gardens,
Please 
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View Floor Plans HERE

RESIDENTIAL FLOOR PLANS E-BROCHURE- NEW AMBER PARK

Please Register with Us 

for your E-Brochure, Floor Plans and Pricing Here when available!!

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 UNITS/ SOLD/ CHEAPEST PRICES PSF- NEW AMBER PARK

View Site and Facilities Plans HERE

Like any other new launches, the prices of New Amber Park will only be announced on the sales day. Indicating pricing will be announced earlier. 

New Amber Park is a new condo, retaining the name of former Amber Park, where the site was sold to CDL Developments.

New Amber Park has been sold to CDL Developments, for $906.7 million, as collective sale fever grows even hotter. The sale price of $906.7 million works out to a land cost of about $    psf per plot ratio on the potential gross floor area, and estimate of an estimated S$    as differential premium payable to tthe state for redevelopment of the site to a gross plot ratio of 2.8.

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 are in the business of building houses for people, they 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 $350 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.

30% of the base cost that cover the construction and other expences will be the profits. Add them all up and you will get the estimate launch price.

Land Cost: $906.7 million

Construction Cost: 

Marketing expense:

Profit margin: 

Estimated launch price: 

AFFORDABILITY DEMAND, RENTAL YIELDS and PRICES IN AMBER

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.

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.


Since Amber Park new launch condo are 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 New 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 New Amber Park is newly launched, 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 condos 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 the condominium 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 New 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 New Amber Park will 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 an 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.

Thomson-East-Coast-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.

MRT Lines

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.

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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