Amber Park, located along Amber Road in District 15, is developed by City Developments Limited (CDL) and its joint venture partner, Hong Realty (Private) Limited. This beautifully designed condominium comprises three blocks of 21-storey buildings with 592 residential units. Climb to the 22nd storey to access the rooftop communal garden and pool, from which you can enjoy a picturesque view of the sea.
During its launch, 115 of 150 were sold. Besides its prestigious freehold status and high investment potential, there are more factors that make this property so attractive.
4 Reasons Why Amber Park Is an Investment-Worthy Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Amber Park | 99-year leasehold | 2016 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom |
484 753 1,798 1,754 2,336 5,005 |
$2,480 |
Buyers can choose from eight unique unit styles that suit anyone from working professionals to multi-generational families. Units range from a 460 sqft 1-bedroom + study all the way up to an astounding 5,100 sqft luxury penthouse suite.
Amber Park offers great facilities such as a clubhouse, sky garden with a spa pool, gymnasium, 600-metre jogging track, hydro-therapy pool, yoga deck, tennis court, children’s playground, and lounge area.
2. Accessibility, Amenities, and Recreational Spots
For now, residents can hop on the bus to these nearby train stations, Dakota MRT Station, Mountbatten MRT Station and Paya Lebar MRT Station. By 2023, the upcoming Tanjong Katong MRT Station will be 200m away from the condominium.
If you have the luxury of your own vehicle, a three-minute drive will take you to East Coast Parkway (ECP), while the Marina Coastal Expressway (MCE) and Kallang-Paya Lebar Expressway (KPE) are eight minutes and nine minutes away, respectively. You can reach the Central Business District (CBD) and Orchard Road in under 12 minutes.
Your dining and shopping experience is complete with three nearby malls – Parkway Parade, Katong 112 Shopping Mall, and Changi City Point. For more options, you can head over to Siglap Shopping Centre, Bedok Mall, and Bedok Point.
You can find many types of eateries along Katong. If you’re spending the whole day at the beach, there are local hawker food and fast food restaurants too. Travel further on to Bedok and you’ll find yourself in a food paradise, with the famous Bedok Interchange Hawker Centre and Simpang Bedok. There are plenty of popular cafes for cafe lovers like Penny University, Forty Hands East Coast, and Stamping Ground Coffee, to name a few.
3. Education, Employment, and Healthcare
The development makes a great place to live for local and foreign families with children, as there are plenty of schools within the surrounding area. These include preschools, primary, and secondary schools: Alphabet Playhouse @ East Coast, Good Shepherd Convent Kindergarten, Temasek Primary and Secondary School, and Victoria School. International schools like Rosemount International School and Sekolah Indonesia are also in the vicinity of Amber Park.
When it comes to health concerns, you need not worry as Parkway East Hospital, Changi General Hospital, and Bedok Polyclinic are located less than 10 minutes away by car.
4. Property Price and Future Developments
Amber Park is priced at an average of $2,480 per sqft. The latest property transactions were on February 20, 2020: $1,662,000 for a 678 sqft unit and $1,761,000 for a 700 sqft unit.
We can foresee the price rising over the years, thanks to upcoming developments like theThomson-East Coast Line, more amenities, and recreational facilities.
Is Amber Park the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Amber Park
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Amber Park
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you’re opting to buy a two-bedroom unit at Amber Park, the price is at $1,700,000 which is reflective of the market value. Your Buyer’s Stamp Duty (BSD) is $52,600.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $700,000 | 4% | $28,000 |
| BSD Payable | $52,600 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Amber Park
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Amber Park
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,700,000 |
|---|---|---|
| If Amber Parkis your second residential property | 12% | $204,000 |
| If Amber Park is your third or subsequent residential property | 15% | $255,000 |
ABSD for Singapore Permanent Resident when Buying Amber Park
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,700,000 |
|---|---|---|
| If Amber Park is your first property | 5% | $85,000 |
| If Amber Park is your second or subsequent residential property | 15% | $255,000 |
ABSD for Foreigners when Buying Amber Park
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,700,000 |
|---|---|---|
| Foreigners buying any property | 20% | $340,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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