Singapore, 5 May 2019 – 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. This represents 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-bedrom, 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.
CDL’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.