CDL, Hong Leong unit snap up Amber Park for $906.7m, setting new record for freehold property sold en bloc

Amber Park, a freehold condo at Amber Gardens, has been sold to CDL and Hong Realty.

The en bloc sale price of $906.7 million for the District 15 condominium translates into a land rate of about $1,515 per square feet per plot ratio (psf ppr).

The potential sale price of the future development in Katong, within walking distance to Tanjong Katong MRT station, could reach between $2,600 to $2,700 psf.

Amber Park, which has a site area of 213,675 square feet, will retain its name for the D15 new condo and is expected to launch in April 2019.

The Marine Parade freehold condo, which enjoys dual frontages on Amber Gardens and Amber Road, will have 592 apartments comprising of 1+Study, 2 Bedroom, 2+Study, 3 Bedroom, 4 Bedroom, 4+Study, 5 Bedroom and a total of 4 penthouses. Many of the units would have sea views.

 

Source: https://www.straitstimes.com/business/property/cdl-snaps-up-amber-park-for-9067m-setting-new-record-for-freehold-en-bloc-sale

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