{"id":68160,"date":"2017-10-04T11:04:44","date_gmt":"2017-10-04T04:04:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-sold-en-bloc-for-906-7m\/"},"modified":"2017-10-04T12:03:59","modified_gmt":"2017-10-04T05:03:59","slug":"amber-park-sold-en-bloc-for-906-7m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-sold-en-bloc-for-906-7m\/","title":{"rendered":"Amber Park sold en bloc for $906.7m"},"content":{"rendered":"


\nThe owners are expected to receive between $4.3 million and $8.3 million from the successful sale. (Photo: JLL)
\nThe Amber Park condominium at Amber Gardens has been sold via collective sale on its fourth attempt to City Developments Limited (CDL) and joint venture partner Hong Realty for $906.7 million, said marketing agent JLL.
\nThis is Singapore\u2019s largest freehold collective sale by dollar value, and the sale price works out to about $1,515 psf per plot ratio based on the allowable gross plot ratio of 2.8. No development charges are payable for the site.
\nThe 213,670 sq ft site is zoned residential under the 2014 Master Plan. It could be redeveloped into a high-rise apartment of around 24 to 26 storeys, depending on the technical height controls imposed by the government.
\nAccording to JLL, the tender exercise was keenly contested and attracted a total of eight bidders.
\nLocated within an established private residential enclave, the site is within walking distance to East Coast Park and is a short drive from the Central Business District and Changi Airport.
\n\u201cAmber Park could possibly be one of the last collective sale sites with a land area above 200,000 sq ft in this precinct,\u201d said JLL\u2019s regional director Tan Hong Boon.
\nHe added: \u201cThe owners would expect to receive gross sale proceeds between $4.3 million and $8.3 million.\u201d
\n\u00a0<\/p>\n

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Amber Park sold en bloc for 6.7m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owners are expected to receive between $4.3 million and $8.3 million from the successful...<\/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-68160","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-hJm","jetpack-related-posts":[{"id":69548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hougang-condo-sold-for-629m-in-collective-sale\/","url_meta":{"origin":68160,"position":0},"title":"Hougang condo sold for $629m in collective sale","date":"October 20, 2017","format":false,"excerpt":"\r The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hougang-project-sold-for-629m-in-collective-sale\/","url_meta":{"origin":68160,"position":1},"title":"Hougang project sold for $629m in collective sale","date":"October 20, 2017","format":false,"excerpt":"\r The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63834,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-property-up-for-sale\/","url_meta":{"origin":68160,"position":2},"title":"Katong property up for sale","date":"August 16, 2017","format":false,"excerpt":"\r Aerial view of the freehold site at Amber Road, which has been put up for sale at a guide price of between $56.6 million and $61 million. (Photo: JLL) A freehold site in Katong comprising four vacant old houses has been put up for sale by expressions of interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64818,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-and-jervois-gardens-launched-for-sale\/","url_meta":{"origin":68160,"position":3},"title":"Amber Park and Jervois Gardens launched for sale","date":"August 29, 2017","format":false,"excerpt":"\r View of Amber Park, which is expected to be redeveloped into a high-rise project with sea views. (Photo: JLL) The collective sales market continues to roll on with two freehold residential developments \u2013 Amber Park and Jervois Gardens \u2013 launched for tender. Located along Amber Road in Katong, Amber\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103971,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/margate-point-makes-another-collective-sale-attempt\/","url_meta":{"origin":68160,"position":4},"title":"Margate Point makes another collective sale attempt","date":"February 14, 2019","format":false,"excerpt":"\r Majority of the owners agreed to lower the reserve price of the Katong property from $38 million to $36.5 million. (Photo: JLL) The owners of Margate Point, a 15-unit residential development along Margate Road in Katong, are making a second attempt at an en bloc sale, with 70 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70504,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/11-balmoral-road-up-for-collective-sale-at-75-million\/","url_meta":{"origin":68160,"position":5},"title":"11 Balmoral Road up for collective sale at $75 million","date":"October 31, 2017","format":false,"excerpt":"\r Built in the mid-1990s, the property comprises 17 units in two four-storey apartment blocks. (Photo: JLL) Property consultancy JLL has launched 11 Balmoral Road in prime District 10 for collective sale at $75 million. The asking price translates to a land rate of about $1,761 psf per plot ratio,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68160"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=68160"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=68160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=68160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=68160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}