Far East Organization has purchased Amber Glades through a en bloc sale. The price is said to be $118.12 million, which works out to about $1,066 per square foot per plot ratio, inclusive of about $4 million in development charges (DC). The deal is subject to approval by the Strata Titles Board. Amber Glades has a freehold land area of 40,917 sq ft and is zoned for residential use with a 2.8 plot...
Amber Glades Enbloc
Amber Glades in Marine Parade has been put up for collective sale. The condominium currently occupies a freehold residential site on Amber Gardens. The site comprises two blocks housing 63 units, with a land area of over 40,000 square feet. The indicative price is about S$120 million. This works out to about slightly under S$1,100 per square foot per plot ratio. This is comparable to the recent sale...