{"id":106781,"date":"2019-05-02T11:10:12","date_gmt":"2019-05-02T04:10:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-could-launch-from-2160-psf\/"},"modified":"2019-05-02T12:09:30","modified_gmt":"2019-05-02T05:09:30","slug":"amber-park-could-launch-from-2160-psf","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-could-launch-from-2160-psf\/","title":{"rendered":"Amber Park Could Launch From $2,160 psf\u00a0"},"content":{"rendered":"


\nAmber Park, which previewed over the weekend, will likely launch on 4 May, with indicative prices from $2,160 per sq ft (psf),\u00a0reported Singapore Business Review citing DBS Group Research.
\nThe 529-unit freehold condo is being developed by City Developments Limited (CDL) along with joint venture partner Hong Realty (Private) Limited.
\nRachel Tan, analyst at DBS Group Research, noted that nearby developments have transacted comparable prices. For instance, units at Coastline Residences transacted at an average selling price of $2,450 psf, while units at Amber 45 have an average price of $2,365 psf.
\nWith these pricing benchmarks, the research house estimates that the\u00a0average selling price at Amber Park could range from $2,400 to $2,600 psf.
\nSEE ALSO:\u00a0The Complete Guide To Buying A New Launch Condo In Singapore
\nAccording to DBS Group Research\u2019s Tan, a steady crowd was observed during the project\u2019s preview. Tan said:\u00a0\u201cWe understand that it was a lot more crowded on Saturday. Judging by the BMWs, Merc, Porsches and even a Maserati at the parking lots, we believe that the project launch has attracted the attention of the \u2018well-heeled\u2019 and discerning property buyers in Singapore.\u201d
\nAlthough local interest came from residents around the area in search for second property, \u201cthere was also interest from Chinese buyers looking for larger units\u201d, she said.
\nHowever, unlike most developments where bigger premium units enjoy better facing, units with nicer facing at Amber Park were mostly smaller sized units, she opined.
\nSEE ALSO:\u00a011 Things To Look Out For When Viewing A Showflat
\nWith one bedroom units priced from $1 million and three-to-four bedroom from $2.2 million and $3.6 million respectively, the developer is aiming to reach out to a good mix of potential tenants and families.
\nHowever, Tan raised that the project \u2013 which will comprise smart homes \u2013 is likely to be affordable to \u201ca very select few in Singapore\u201d even if it is located within a three-minute walk to the upcoming Tanjong Katong MRT station.
\nThe project is also surrounded by various lifestyle amenities, including\u00a0Katong Shopping Centre, 112 Katong, Parkway Parade, and Katong Plaza.
\nWith the East Coast area being one of the most desirable areas to live in, there is little wonder why prices in the area remain higher. Get more pricing insides of the area with our\u00a0AreaInsider guide.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Amber Park Could Launch From ,160 psf\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amber Park, which previewed over the weekend, will likely launch on 4 May, with indicative...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-106781","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rMh","jetpack-related-posts":[{"id":110134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/","url_meta":{"origin":106781,"position":0},"title":"Higher Prices Or Not, These New Condo Units Are Moving Fast","date":"August 23, 2019","format":false,"excerpt":"\r Some private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank. Amber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-wants-govt-to-help-sentosa-property-market\/","url_meta":{"origin":106781,"position":1},"title":"CDL wants govt to help Sentosa property market","date":"February 25, 2019","format":false,"excerpt":"\r The developer is urging the Singapore government to transform the island resort into a vibrant tourist hotspot like Indonesia\u2019s Bali.\u00a0 Amidst the weak luxury housing market in Sentosa, City Developments Limited (CDL) is urging the Singapore government to transform the island into a vibrant tourist hotspot like Indonesia\u2019s Bali,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-sells-115-units-at-2425-psf\/","url_meta":{"origin":106781,"position":2},"title":"Amber Park Sells 115 Units At $2,425 psf","date":"May 6, 2019","format":false,"excerpt":"\r CDL described the take-up as \u201cthe strongest launch weekend sales for a freehold project this year\u201d. Amber Park \u2013 City Developments Limited (CDL) and Hong Realty\u2019s joint residential project in East Coast \u2013 moved 115 units or 77 percent of the 150 units released during its launch over the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-in-sentosa-cove-reach-new-record\/","url_meta":{"origin":106781,"position":3},"title":"Home sales in Sentosa Cove reach new record","date":"August 30, 2021","format":false,"excerpt":"\r Home sales in Sentosa Cove reach new recordSome analysts believe the high transaction volumes in Sentosa is a spillover from the growing demand for luxury homes within the Rest of Central Region (RCR), considering that prices on the island remain relatively lower compared to those on the mainland. Sentosa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Sentosa-cove-apartments-1.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-most-affordable-new-condos-for-hdb-upgraders\/","url_meta":{"origin":106781,"position":4},"title":"8 Most Affordable New Condos For HDB Upgraders","date":"May 17, 2019","format":false,"excerpt":"\r Despite higher ABSD rates, there are still options in the market that may yet keep your condo dream alive. 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