The 70,000 sq ft site for 45 Amber Condo that houses the landscaping and nursery business - Ban Nee Chen, has been sold at $156 million to UOL Developer. UOL's deputy group chief executive, Mr Liam Wee Sin, in a statement to The Straits Times, reveal that the deal of 45 Amber Condo is a great opportunity to acquire rare FREEHOLD site.
The FREEHOLD Condo at 45 Amber Road is likely to be home 190 apartment units in a block of 22 storey. UOL Developer is very confident in the upcoming strong demand for a freehold apartment like 45 Amber in the Marine Parade area
According to the head of South-east Asia research at property consultant Edmund Tie and Company, Dr Lee Nai Jia, the quantum of 45 Amber's site is relatively low, thus Asking Price will be very AFFORDABLE.
The condo is also in the vicinity of a myriad of urban amenities including eateries, shoppping malls, established primary schools and within the walking distance to upcoming MRT stations Tanjong Katong and Marine Parade which are estimated to go into operation in 2023.
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