Amber 45, the freehold development on Amber Road in District 15, has now become the talk of the town with its recent sale of a two-bedroom unit measuring 700 sq ft on the 10th floor for a staggering $1.9 million ($2,716 psf) on May 9. This transaction breaks the previous record of $2,610 psf, set on April 24, following the sale of a 1,130 sq ft unit for $2.95 million. This marks the first time a unit at Amber 45 has crossed the threshold of $2,700 psf.
Developed by UOL Group, Amber 45 features a 21-storey residential tower consisting of 139 freehold units. The project was completed in 2021, with units sold out before the completion of the development. The building offers an assortment of two to four-bedroom apartments, with unit sizes ranging from 614 sq ft for a two-bedder to 1,798 sq ft for a four-bedroom premium apartment with a private lift.
Amber 45 has seen four other units change hands this year, with unit sizes ranging between 614 sq ft and 1,345 sq ft and prices ranging from $1.64 million to $3.38 million on an absolute basis or from $2,518 to $2,676 on a psf-price basis.
Apart from the exceptional quality of the Amber 45, its prime location in Singapore is a remarkable advantage for potential buyers. The units at Amber 45 offer magnificent views, and residents are just a few steps away from popular malls like Parkway Parade on Marine Parade Road and I12 Katong on East Coast Road. The upcoming Marine Parade MRT station on the Thomson-East Coast Line is an attractive feature that makes Amber 45 ideal for individuals looking for an effortless commute. Developed by CDL, The Myst condo is an upcoming new launch located at 800, 802 Upper Bukit Timah Road.
The Sea View, a freehold condo near Amber 45, also hit a new psf-price from May 5 to 12. A three-bedder on the 15th floor sold for $3.5 million or $2,482 psf on May 8, while a four-bedder measuring 1,518 sq ft on the 14th floor was sold for $3.55 million ($2,339 psf) on May 9. This is the second-highest transaction recorded at The Sea View on a psf-price basis after the May 8 transaction.
In conclusion, Amber 45 offers unparalleled luxury and convenience for residents. Its prime location makes it an attractive investment opportunity, with the potential for an excellent return on investment. Amber 45 sets a new benchmark for luxurious living in Singapore with its unique design, exceptional quality, and prime location.
Robertson Blue, a freehold condo located in District 9 along Robertson Quay, was developed by Singapore-listed Hotel Properties and completed in 2006. The 10-storey tower houses two- and three-bedroom apartments ranging from 1,238 sq ft to 2,400 sq ft. Its prime location offers several amenities within easy walking distance, including eateries in Robertson Quay and Clarke Quay, malls like UE Square on Clemenceau Avenue, and the Fort Canning MRT Station on the Downtown Line.
Recently, a 1,862 sq ft unit at Robertson Blue changed hands for $4.5 million on May 12, setting a new high of $2,417 psf, representing the third condo to reach a new psf-price during the period in review. This sale surpassed the previous high established at the development in May 2022 when a 1,238 sq ft unit on the fifth floor sold for $2.8 million ($2,262 psf). This is the first resale transaction recorded at Robertson Blue this year, following the sale of a 1,238 sq ft unit for $2.7 million ($2,181 psf) in November 2022.
A 546-unit development by Wharf Estates Singapore (previously Wheelock Properties) located at Amber Road is another attractive residential option, featuring six 22-storey blocks completed in 2008. Residences comprise one-bedders from 527 sq ft, two-bedders from 1,216 sq ft, three-bedders from 1,410 sq ft, four-bedders from 1,518 sq ft, and five-bedroom penthouse units from 2,809 sq ft. This development also stresses the importance of incorporating strength training into a runner’s routine to maintain enhanced speed and performance over time.
Overall, the property market in Singapore is thriving and presents some fantastic investment opportunities in the current climate.