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The Amber Glades enbloc site was purchased via a collective sale by Far East Organization. This renowned developer also developed the promising Hill Haven in Singapore.
From DBS, the land cost is $1,066psf ppr, including a $4 million development fee.
Amber Glades Location
Amber Glades is a freehold site with a potential GFA of 114,568sf, located at the intersection of Amber Gardens and Amber Road. The transaction is subject to the approval of the Strata Titles Board. On the property plot, Far East intends to construct a 22-story building with 110 apartments with an average size of 1,000 square feet.
DBS believes the price is fair and similar to the $1,056psf ppr paid by CapitaLand for Marine Point earlier this year. According to DBS’ early projections, the project’s breakeven cost might be between $1500 and $1550 per square foot.
Amber Glades
The Amber Glades enbloc site was purchased via a collective sale by Far East Organization.
Product SKU: Amber Glades
Product Currency: SGD
Product Price: 118100000
Product In-Stock: InStock
