Originally Posted by
Shawn
A beautiful building is coming out soon at Amber Road - The Aristo @ Amber.
Last transaction made was for 808 sq.ft mid floor at $1,242,720 a couple of months back for $1540psf but strangely it wasnt highlighted in the URA website. Perhaps it will be shown later.
My advise to investors consider grabbing either Stack 1, 2 or 3 above 8th floor cause the sea views are fantastic. I have the privilege of going up to one of the high floor units above the club floor 2 months back. And I am simply amazed by the view. Stack 3 has afternoon sun but the developer is smart enough to construct a wider/longer roof so that units dont have a complete afternoon sun. Make an effort to visit the site and u will understand what I am talking about. The higher floor units have a nicely designed metallic aluminum linings to provide some cover from the afternoon or morning sun.
At the current pricing, Aristo is a complete steal. However, only 5 owners are seriously thinking of selling their units while the rest are holding on for rental or higher prices after TOP. I got one unit Stack 3, 646 sq.ft owner looking at $1.03 million. This unit is above 14 floor and the view is spectacular, unbelievable. Almost the same view as some of the units at Aalto. At this price, its a big bargain. My bet this unit will be $1.2 million after TOP. Thats for certain cause potential buyers have no idea how the view is like and I know what I am talking about.
I also went in to inspect the furnishings. Really top class. Bathrooms fully marble from floor to ceiling height and developer provides Duravit/TOTO furnishings throughout. Living/Kitchen floor are big slab white greyish marble and the bedrooms are big sized teak flooring. The kitchen cabinets are beautifully constructed with a dark silvery tinge with modular system. Its impossible to get anything with that kinda price for that kind of location.
As for some of you here who complain that Aristo bedroom is small and cant fit a queen size bed, I made a measurement of the master bedroom for the 646 sq.ft and the dimension is 2.5 metres x 3.3 metres excluding the baywindow and the balcony area. So its not that really small after all and can fit a queen size bed comfortably with some walking space.
I salute the developer who made extreme effort to ensure quality workmanship and design for the Aristo. I think its neighbors The Cape and Silversea will probably need to work much much harder to ensure their projects are better than The Aristo. The clubhouse of The Aristo has splendid view of the sea when u are in the common pool which is about 24 metres long x 4.3 metres width, and the full glass gym is constructed floating by the side of the pool with a beautiful sea view (its still under construction phase). Honestly, no other condos in the vicinity have clubhouse on the 14th floor with almost unblock seaview. Only The Aristo.
Last part to be finished is the conservation house - The Butterfly House. I spoken to the contractor supervisor and he mentioned that they need to spend longer time to refine and complete this house as this is a conserved title property. As such, The Aristo main building might TOP even before the conservation house is completed. Once completed, this conservation house designed by Bidwell, the same architect for Raffles Hotel and Goodwood Park Hotel, will be the spotlight of the whole Amber Road stretch. It will also be a reason for The Aristo to command premium pricing higher than its neighboring condos.
So my bet Aristo will cross $1600psf after TOP very easily and $2000 psf within 1 year after TOP. At this price its still a steal. Just look at all the new neighboring condos or even those far away and their asking prices. They are not even of good location, has seaview or near ameneties.