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

Amber Park, a freehold development in Amber Gardens, has been sold to CDL and Hong Realty.

The sale price of $906.7 million of 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 new condo project and is expected to launch in April 2019.

 

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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