http://www.straitstimes.com/archive/...aunch-20140911

COMPANIES

Five Amber Skye units sold before today's launch

Published on Sep 11, 2014 12:50 AM

By Cheryl Ong


THE freehold condominium Amber Skye in Marine Parade saw five units sold during a week-long preview ahead of today's launch.

The sold units were all two-bedroom flats of 1,100 sq ft and bought by Singaporeans for $1,800 to $1,900 per sq ft (psf), the developers said.

Amber Skye will have 109 units - one-bedders from 527 sq ft to four-bedroom units spanning 2,982 sq ft, six penthouses from 3,300 sq ft to 4,100 sq ft and two 5,177 sq ft "grand villas" that span two floors.

Facilities nearby include the I12 Katong and Parkway Parade shopping malls, as well as the upcoming Amber MRT station on the Thomson-East Coast Line, which was unveiled last month.

The project at 8, Amber Road, is being built by China Sonangol Land and OKP Land.

OKP Land's parent firm, OKP Holdings, and China Sonangol Land are also developing the 54-unit luxury project TwentyOne Angullia Park in Orchard Boulevard.

This is OKP Land's first foray into property development.

OKP Land executive director Or Lay Huat said yesterday he was "optimistic" about the launch.

Mr Tung Kum Hon, executive director of China Sonangol Land, said he was confident that the project will deliver capital appreciation as "growth and confidence in the Singapore property market returns".

China Sonangol acquired the 40,708 sq ft site in 2011 for $161.6 million, or $1,118 psf, when Amber Towers, a 35-year old project, was sold en bloc.

The project is expected to obtain its temporary occupation permit by June 2017.

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