Although Singapore’s lacklustre property market has caused developers to create smaller no-frills units at reduced prices, there are still many home buyers enquiring about larger apartments, according to the developers behind Amber Skye.
Located along Amber Road in prime District 15, the freehold 109-unit condominium by China Sonangol Land and OKP Land was relaunched last Saturday following its September 2014 launch, and offers some of the largest units in the area.
For instance, the two- and three-bedroom units go up to 1,281 and 1,528 sq ft respectively, which are larger than similar units in other launches. The project also has six penthouses ranging from 3,300 to 4,100 sq ft as well as two ‘grand villas’ of 5,059 and 5,177 sq ft that span two floors.
The indicative price range is from $1,680 to $2,500 psf.
A spokesperson for the developers said: “Despite the recent pessimistic outlook of the property market, we believe that there remains a smaller, but nonetheless significant, group of people who are looking to purchase larger units for their occupation. Since the launch of Amber Skye last year, we have been receiving much feedback from our marketing agents on buyers enquiring about our larger units. Coupled with recent market statistics reflecting a strong demand for bigger units in Singapore, we are confident that Amber Skye is poised to fill the gap in the market.”
Media reports earlier this month revealed that the median unit size purchased by private home buyers here has risen from 1,065 sq ft in the first half of 2013 to 1,119 sq ft in the last six months of 2014.
Located within the Tanjong Katong area, the development is close to East Coast Park and Changi Airport. With the future Amber MRT station on the Thomson-East Coast Line also nearby, residents will have easy access to Orchard Road and the city centre.
Amber Skye’s expected TOP is in 2017.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
