Amber Park tops sales on launch weekend achieving $240m in sales value

SINGAPORE (EDGEPROP) – Amber Park tops sales on launch weekend by becoming the best-selling freehold property launch this year

– Amber Park tops with 115 units (77%) being snapped up of the 150 released

– Amber Park tops by achieving a total sales value of over S$240 million

– Amber Park tops by drawing buyers to the project’s outstanding attributes and an excellent location offering beautiful sea views and good connectivity, including being a mere three-minute walk to the upcoming Tanjong Katong MRT station

On Saturday, 4 May 2019, City Developments Limited (CDL) and its joint venture partner, Hong Realty (Private) Limited, commenced sales for the 592-unit Amber Park, one week after its sales gallery opened for viewing on 27 April 2019.

As of 5.00 pm on Sunday, 5 May, 115 units (or 77%) of the 150 released have been sold, at an early bird average selling price (ASP) of S$2,425 psf.

Amber Park tops by recording the strongest launch weekend sales for a freehold project this year.

The sold units – which included a penthouse – amounted to a total sales value of over S$240 million, with all apartment types enjoying a good take-up rate. About 85% of the buyers are Singaporeans, while the remaining are foreigners mainly from China, Malaysia, Indonesia, India and others.

Unit sizes range from 463 square feet (sq ft) for a one-bedroom plus study to 5,005 sq ft for the largest six-bedroom plus study penthouse.

Early-bird prices start from S$1.088 million for a one-bedroom plus study apartment, S$1.608 million for a two-bedroom plus study, S$1.628 million for a two-bedroom, S$2.18 million for a three-bedroom, S$3.068 million for a four-bedroom plus study, S$3.438 million for a four-bedroom and S$4.98 million for a five-bedroom premium.

amber park topsCDL’s Group General Manager, Mr Chia Ngiang Hong, said, “We are very encouraged by the strong take-up at Amber Park’s first-weekend launch. As a freehold project in District 15 located so close to an MRT station, Amber Park draws buyers looking for projects with good investment value.

Taking advantage of the attractive early-bird pricing, many of our buyers are homeowners and savvy investors, including residents in the East looking to buy an iconic property. Sales for this project are off to a good start, indicating healthy demand for well-located projects that are exceptionally designed.”

Just a three-minute walk to the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line, the freehold 592-unit condominium has a strategic location in the exclusive Amber Road enclave within the East Coast area.

Amber Park is the most highly-anticipated new icon for luxury East Coast living. Designed by acclaimed SCDA Architects’ award-winning Principal Architect, Mr Chan Soo Khian, the most distinctive feature of Amber Park is its 32,507 sq ft rooftop recreational deck that is 235 ft above sea level and connects three 21-storey towers. Called The Stratosphere, it provides a 600-metre (m) sky jogging track, a first for a condominium in Singapore, as well as yoga deck, gymnasium, spa pool, gourmet dining, lounge, water features and landscaped garden.

Against the backdrop of the open sky and sea, the panoramic views from the Stratosphere are unmatched as Amber Park is one of the tallest developments in the area.

Amber Park also offers unparalleled recreational spaces among new developments in the area. As its three residential towers have a footprint of just 35% of the site, the rest of the area has been freed up for facilities and landscaping. The Lagoon Bay on level 1 features a 50m lagoon pool, lagoon cove, hydrotherapy pool, fitness court, forest trail, barbeque pavilion and private dining at Club Amber. With its Lagoon Bay and Stratosphere, Amber Park’s total recreational space takes up almost the entire land size of the development.

In addition to being near the Tanjong Katong MRT station. Amber Park is well-connected island-wide via several expressways such as East Coast Parkway (ECP), Marina Coastal Expressway (MCE) and Pan-Island Expressway (PIE), making the Central Business District, Changi Airport, Marina Bay area and Singapore Sports Hub a short drive away. Amber Park will also be the only development in the area with dual access (from Amber Gardens and Amber Road). Furthermore, it is near various amenities at East Coast Park and shopping malls such as Parkway Parade, I12 Katong, Katong V and Kinex.

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

If you are looking to sell or purchase properties in Singapore, our team members can help you with Affordability Assessment and Asset Progression Plan. Call us now at +65 86666 944 or +65 9844 4400

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