Amber Park Luxury Freehold Condo - North-South facing with sea-view

City Developments (CDL) and Hong realty (a subsidiary of the Hong Leong Group) bought ownership of Amber Park Condo in the collective sale in Singapore. Despite the collective sale drawed attention of top bidders in the industry, CDL managed to win the bid with Amber Park Price reaching about S$907 million in one of the biggest JV in the region. The sale price of Amber Park CDL means a land ratio of approximately about S$1,500 per sq ft per plot ratio based on the the allowable GPR of 2.8 with no development fees on the redevelopment. Hong real estate and Cityzens Development list the 200 units involved with Hong real estate owning a 20% stake of the project. Based on the 2014 master plan, Amber Park condo site occupying 213,670 sq ft is a place for residential developments. Every of the individual owner of the condo is set to get gross sales proceeds averaging between S$4.3 million and S$8.3 million. As the original developer of the previous 200-unit Amber Park condo developed in 1986, CDL claim that they know the greatest what suits the place. The company plans to rejuvenate the place to house luxury condos containing up to four 25-storey buildings accommodating approximately 800 units plus a car park in the basement, a concept subject to approval. As per CDL, many of the units at Amber Park will be planned with a North-South facing orientation which allows the future residents of Amber Park to enjoy the spectacular sea views. This future iconic landmark is posed to be an ideal investment deal in the residential Market of Singapore. The unique development place is going to be beneficial to both investors and CDL considering that 999-year properties in Singapore are becoming rare. when fulfilled, the Amber Park condo definitely provides an ideal place for families who work in the area to pocess an amazing living experience.

Amber Park sits in well developed place which makes it a highly sought after area. With several ongoing projects in the same area, Amber Park very likely will yield many benefits to the residents. Additionally, the strategic location enables Amber Park condo to have the fantastic connection to other parts of Singapore and access to many amenities. This area is well known for the rich cultural heritage and delicious foods, and is near malls such as Parkway Parade and I12 Katong, and top schools like Tao Nan and Ngee Ann Primary, Tanjong Katong Primary, and CHIJ (Katong).
Amber Road, as well as the surrounding private residential place, has long had a loyal following, from both locals and expats because of its location: minutes walk to the sea and to East Coast beach, and within 15-min driving from the Raffles CBD, Marina Bay, and Changi International Airport. Other than strong locational characteristics, a unique edge of the place is its freehold status, something which is becoming increasingly scarce in Singapore, said Mr Sherman Kwek, CEO-designate of CDL. With all these factors including the stunning sea views, and its proximity (290m, no more than 4 minutes walk) to the upcoming Tanjong Katong MRT station due for completion in 2023, strong demand is expected for this project.

City Development Ltd is a prominent real estate developer doing business in numerous locations around the world. The Singapore listed company has built its presence in 100 locations covering 28 countries as well as territories. It is also one of the biggest companies in terms of market capitalization with a stable income and a varied portfolio which covers serviced apartments, hotels, offices, shopping malls and integrated developments. The developer has operated in the real estate industry exceeding 50 years offering services in real estate management, investment, and development. In the past, CDL has constructed over 40, 000 homes and it owns a lum sum of 18 million square feet lettable floor area world wide. Its key neighborhoods of operations include Singapore, Australia, Japan, UK, and China. CDL’s London based and listed subsidiary, Millenium & Copthorne Hotels plc is a top lodge chain across the world. It has greater than 135 hotels globally located in major gateway cities. With 50-year proven track records, CDL has developed more than 40,000 homes globally and received lots of prestigious awards, including, Quality Excellence Awards, Building and Construction Authority Awards, Workplace safety and Health Awards, etc. For over 20 years, the developer has been pursuing green innovations to build bold and inspiring green buildings for a better future. With these proven capabilities, future home masters of Amber Park can anticipate a luxury home to stay upon completion.