Amber Park Condo Sells 115 Units On Launch Weekend

The Business Times reports on 5 May 2019 that Amber Park, a brand new freehold luxury condominium located at Amber Road was launched and sold 115 units over the weekend. According to the source, the units were sold at an average price of $2,425 per square feet.

Of the development’s 592 units, only 150 units were released for sale on launch weekend which was just one week after it’s sales gallery opened for previews.

According to Mr Chia Ngiang Hong, group general manager of CDL, one of the developers, the take-up rate was considered strong and they are very encouraged.

About 85 percent of the buyers are locals and the remaining buyers were made up of Foreigners from Malaysia, Indonesia, India, China and others.

Amber Park’s completion is expected to be in 2024.

Amber Park was launched in a condition when there is an entry of 2,989 new private homes coming into the market in just the first quarter or 2019. That is 80% more than in the last quarter.

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