Amber Park Price List
To check on unit availability, see the Balance Units Chart
|Type||Size (Sqft)||No of Units||Indicative Price Range ($)|
|1 Bedroom + Study||460 - 570||114||1,100,800 - 1,253,000|
|2 Bedroom||710 - 860||82||1,624,000 - 1,795,200|
|2 Bedroom + Study||680 - 910||120||1,623,200 - 1,942,800|
|3 Bedroom||960 - 1,290||101||2,157,600 - 2,845,600|
|4 Bedroom||1,580 - 1,860||74||3,691,200 - 4,596,000|
|4 Bedroom + Study||1,320||57||3,006,800 - 3,397,600|
|5 Bedroom||2,130 - 2,400||40||5,376,000 - 5,700,000|
|Penthouse||4450 - 5,100||4||TBA|
(All prices for Amber Park displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)
Amber Park Singapore will be one of the few new freehold residences in District 15 on a biggish piece of land. There are not many sites of such a size available for development in the popular Amber Road neighborhood. Most of the other largish plots have been sold for redevelopment. The Amber Park condo is one of the last freehold sale sites with a land area of over 200,000 sq ft in Marine Parade.
Amber Road, and the surrounding private residential area, has long had a loyal following, from both locals and expats due to its location: a short walk to the sea and to East Coast beach, and within 15 minutes drive from the Raffles CBD, Marina Bay, and Changi International Airport.
The purchase price of S$906.7 million for Amber Park translates to a land rate of about S$1,515 per sq ft per plot ratio, based on the 2.8 plot ratio for this site. This could work out to break-even cost of about $2,200 per sq ft, with analysts expecting a possible selling price of around $2,500 to $2,700 PSF.
However, for the Preview, CDL has factored in a smaller margin in order to price very competitively, below what the analysts had previously postulated.
The break-even cost for this land parcel is higher than for previous nearby launches, but in line with the overall market trend in Singapore, and a reflection of the shortage of land among developers as their land banks are depleted. So from 2018 onwards, based on their cost of land, developers will have to launch new projects at around 10% higher than the norm in 2016 and 2017.
CDL understands the District 15 market and pricing very well, as it has developed and sold out several projects in the area.
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