Amber 45, a rare freehold condominium, is forecasted to attract a strong demand from savvy property buyers and home-seeking buyers alike in its launch in April 2018.
Embedded subtly in the heart of an upper-middle class area at 45 Amber Road, this upcoming development is in between The Shore Residences and The Seaview condos.
Savvy property buyers will already know that returns on investment (ROI) for properties bought in this district (D15) have so far proven to be strong. Most recently, the enbloc of Katong Park Towers brought a windfall of $345 million to its 118 homeowners. This averages out to be about $1,280 per sq ft. Depending on the unit size, each owner will receive about $2.25 million to $3.23 million; penthouse owners will receive between $4.95 million to $12.08 million. And this is only a 99-year leasehold condominium.
Other trends also make Amber 45 condo a viable property investment. Singapore's strong lifestyle development and economic performance have made us the most attractive destination in Asia for foreign property investments. Given that Amber road is just minutes walk away from expat enclaves Katong and Joo Chiat, Amber 45 condo's appeal to the expat demand would be significant.
Another reason for this highly sought after location and condo is the convenience of public transport along the two roads flanking Amber 45. Bus services at Mountbatten Road include 10, 10e, 12, 14, 14e, 32, and 40. Bus services at Amber Road include 31, 36, 43, 47, 48, 134, 135, 196, 196e, 197, 401 and 853C
With Amber 45 located in a popular district of condos, quaint shophouses, established schools and institutions, and shopping malls, it will have a strong appeal to both investors and home-seekers alike. Especially with East Coast Park just a few minutes' drive away, the convenience of obtaining both daily needs and recreational options is really uncontested.
Comprising 1 block of 139 units, this condo is developed by prestigious developer United Overseas Land (UOL) Private Limited. It will be equipped with smart home living features. Unit types range from 2- to 4-bedroom. Prices are currently unavailable to the public. To find out more, register with us and we will contact you shortly!
The launch of this freehold condominium is estimated to be in April 2018.