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Thread: Amber Park to be launched at average price of S$2,425 psf

  1. #1
    Join Date
    Oct 2011
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    Default Amber Park to be launched at average price of S$2,425 psf

    Amber Park to be launched at average price of S$2,425 psf

    The joint CDL and Hong Realty project will have one- to five-room units and penthouses


    Fri, May 03, 2019


    CITY Developments Limited (CDL) and its joint venture partner, Hong Realty (Private) Limited, will launch the freehold, 592-unit condominium Amber Park in the East Coast area on Saturday.

    Early-bird prices start at S$1.088 million for a one-bedroom plus study unit and S$1.608 million for a two-bedroom-plus-study unit; the price for a four-bedroom unit starts at S$3.438 million and a five-bedroom premium unit, S$4.98 million, CDL said in a statement on Thursday.

    The early-bird average price is S$2,425 per square foot.

    Unit sizes range from 463 sq ft for the one-bedroom apartment with study to 5,005 sq ft for the penthouse with six bedrooms and a study.

    Amber Park has three 21-storey residential towers, which take up 35 per cent of the site; the rest of the area is used for facilities and landscaping.

    Its distinctive feature is a 32,507 sq ft rooftop recreational deck at 235 ft above sea level, which connects the three towers.

    The condominium, developed by Aquarius Properties, the joint venture between CDL and Hong Realty, sits on a rare freehold site more than 213,000 sq ft in size.

    It is located in the Amber Road enclave, near the upcoming Tanjong Katong MRT station, which is expected to be completed in 2023.

    All apartments come with appliances from V-Zug and Bosch in the kitchens; fittings are from Villeroy & Boch, Geberit and Grohe in the bathrooms. The apartments are also fitted with a wireless smart home system, which includes a smart voice control assistant.

    Marketing agents for Amber Park are ERA, Huttons, OrangeTee & Tie and PropNex.

    The Amber Park sales gallery opened on April 27.

  2. #2
    Join Date
    May 2011
    Posts
    104

    Default Re: Amber Park to be launched at average price of S$2,425 psf

    Well, Amber Park certainly did well at its launch. It sold over 110 units on the booking date last Saturday, just one week after the Amber Park showflat opening, at the average price of $2,xxx PSF as mentioned above. Which is a pretty good showing, especially in light of the single digit sales of the other recent freehold launches in the East Coast area. Possibly due to several factors. Like the fact that Amber Park is the only one of them all with a good land size, that can accommodate a wide range of facilities. Also that those stacks with sea views don't get the ECP noise unlike projects directly fronting the ECP such as Seaside Residences. And no doubt the brand name of the developer, City Developments, also helps. If Amber Park continues to sell at this rate, now over 130 units and counting, it need not fear having to pay ABSD on unsold units in 4 years time - it should sell out well before that!

  3. #3
    Join Date
    May 2019
    Posts
    28

    Default Re: Amber Park to be launched at average price of S$2,425 psf

    Was thinking it was really expensive for the area but the design and marketing did very well

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