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
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...
A day after the Royalville site off Sixth Avenue was relaunched at a much lower price, another en bloc site has been put back on the market at a significant discount from the heady prices its sellers were asking for less than six months ago. The Amber Glades site on the East Coast is being relaunched today at an indicative price of $127 million, more than 12 per cent lower than the asking price of $145...
Colliers International will be relaunching the collective sale of Amber Glades, a freehold residential site at Amber Road. The site has a gross plot ratio of 2.8 and consists of two 10-storey tower blocks with 63 units in total. About 90 percent of the owners have agreed to the sale and are asking for about S$127 million. Including the estimated development charge of S$3.5 million, the price will work...