Before the launch of Amber 45 condo, It has been a while since there was a new launch residential project being released for sale in the East Coast precinct.
After the successful acquisition of a private freehold site at 45 Amber Road for S$156 million (or S$1,063) back in January 2017, developers UOL Group is set to launch their latest project in the 1st half of 2018.
Amber 45 Condo Developer – UOL Singapore
The developers of Amber 45 probably needs no further introduction.
They are none other than UOL group, one of the most renowned property developers in Singapore, with an excellent track record of more than 50 years.
UOL Group prides themselves on their delivery of product excellence and service quality in all their business ventures, including the property segment.
Despite having to endure a subdued real estate market for the last couple of years, UOL has stayed true to their core values – which was proven in some of their latest new launch projects such as Principal Garden and Clement Canopy.
If you have seen any of the UOL Singapore projects, I am sure you’ll feel the same.
Amber 45 Location
Amber 45 condo is located in the East Coast precinct of Singapore, with its address stating as 45 Amber Road Singapore 439886.
For anyone who is familiar with the area, it is located at the Amber Road site which housed the Ban Nee Chen nursery and landscaping business – sandwiched between 2 condo developments (The Seaview and The Shore Residences).
One of the key highlights of Amber 45 location would be its close proximity to the upcoming Marine Parade MRT Station (part of the Thomson-East Coast MRT Line) and the long-standing Parkway Parade shopping mall – where you find plenty of dining, retail and entertainment options.
In terms of schooling options for your school-going kids, the only primary school within the 1-km radius would be Tanjong Katong Primary School. It’s really a shame that Tao Nan Primary School (one of the top primary schools in Singapore) is slightly off the 1-km mark, however, it still falls within the 2-km criteria though.
Amber 45 Floor Plan and Unit Types
Sitting on a freehold site of around 70,000 square feet and a 2.1 plot ratio, Amber 45 condo is expected to be developed into a new 21-storey private residential project with a total of 139 units.
It was noted by UOL that Amber 45 will not feature any 1-bedroom units, just like they have done for The Clement Canopy – the smallest unit type be 2-bedroom.
As for the Amber 45 floor plan and detailed sizes of the units, we will update accordingly once we receive more information from the developer.
To keep yourself updated with the information and launch date, do drop us a note with the form below or contact us directly at (+65) 6631-8384.
Amber 45 Price Guide
As of now, UOL Group has not officially given an indicative Amber 45 price. However, judging from their most recent completion and sell-out of the 186-unit Seventy Saint Patrick’s condo along Marine Parade Road, the average price for that was in the range of S$1,600 – S$1,700 psf.
Therefore, it would be no surprise that UOL will price Amber 45 at more than $1,900 psf (average), given its more superior location and the rising market sentiments being built up in 2017.
Amber 45 Price Analysis and Comparison
Here is a comparative market analysis for Amber 45 price when being put together with the similar completed projects along Amber Road (average psf prices are based on past 6-month data till 02 Jan 2018).
|PROJECT NAME||TENURE||COMPLETION||AVG PSF ($)|
|The Shore Residences||103-Year||2014||1,494|
|16 @ Amber||Freehold||2014||1,673|
|The Aristo @ Amber||Freehold||2013||1,734|
Thus, if the average Amber 45 price psf is as expected at $1,900 psf, it may be setting a new benchmark for property prices in the Marine Parade neighbourhood.
Amber 45 Showflat
The Amber 45 showflat is currently under construction and is located along the Amber Road precinct. It will be ready for viewing by 1st quarter of 2018 and to keep yourself posted on the Amber 45 showflat opening and VVIP preview, do drop us a note using the form below or give us a call at (+65) 6631-8384.
Amber 45 Condo Review
Apart from the Meyer Road precinct, Amber Road is probably the next most highly sought after location in the eastern region of Singapore by the affluent class.
And given the lack of freehold sites and increasing supply of 99-year leasehold (mainly from the Government Land Sales programme), in recent years, the launch Amber 45 condo would be particularly interesting.
For years, property buyers who have been mainly looking at new launch projects being located near an MRT station, they usually have no choice but to look at only 99-year leasehold projects and has probably been given the crap that “freehold projects cannot be near MRT station”, from whichever salesperson they’ve met. However, this shall no longer be the case, after the announcement of the Thomson-East Coast MRT Line.
Here’s a quick overview of the most recent projects within the East Coast region, which are all relatively close to one of the future MRT stations.
|PROJECT NAME||TENURE||COMPLETION||TOTAL NO. OF UNITS||NEAREST MRT||AVG PSF ($)|
|Marine Blue||Freehold||2016||124||Marine Parade||1,756|
|Straits Mansions||Freehold||UNCOMPLETED||25||Marine Parade||1,725|
|The Line @ Tanjong Rhu||Freehold||2016||130||Katong Park||2,312|
|Amber Skye||Freehold||2017||109||Tanjong Katong||1,907|
It does seem like we are being spoilt with options, with plenty of freehold projects in East Coast being close to an MRT station.
Looking at just the price points, we do feel that the ones which are close to Marine Parade MRT Stations, are severely undervalued when being compared to the rest in our opinion. Reason being that these condos or apartments have an additional perk of having a well-established shopping mall within walking distance.
If the price of Amber 45 condo is being managed well, we do believe that it’s going to be very well-received by prudent and savvy property buyers.