New high for Amber 45 is $2,716 per square foot

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In the list of condos that reached the new record of psf values between May 5-12, Amber 45 was the top of the list when the two-bedroom unit that measured 700 square feet located on the top floor was purchased to a buyer for $1.9 million ($2,716 per square foot) the 9th of May. This is only two weeks from previously, the record for $2610 per square foot was set on April 24, following an auction of 1,130 square area property in the same building for $2.95 million. It was the very first time that a unit located at Amber 45 has transacted above the $2,700 mark.

Amber 45 is a freehold 139-unit development along Amber Road in District 15. It was designed in partnership with UOL Group, the project was completed in 2021 and the units were sold out prior to the completion. This 21-story residential building offers an array of two- to four-bedroom units. Sizes start at 614 square feet for one-bedders, 1,130 sq feet for a 3-bedder as well as 1,346 square feet for a 4-bedder. There are 20 four-bedroom luxury apartments that measure between 1,798 and 1,798 square feet and each one with its own lobby with lift.

The amenities near Amber 45 include shopping malls such as Parkway Parade on Marine Parade Road and I12 Katong on East Coast Road, all accessible by foot. The planned Marine Parade MRT Station on the Thomson-East Coast Line is a 10 minute walk from the station.

The condo has had four units sold this year, on the basis of caveats that were filed on the 23rd of May. The units that are sold range from 614 sq ft to 1,345 sq ft., with prices ranging from $1.64 Million to $3.38 million on an absolute basis, or between $2,518 and $2,676 using a psf basis.

Sea View , a freehold condominium close to Amber 45, also hit an all-time high psf during the week-long the review. Three-bedders on The Sea View’s 15th floor that measures 1,410 sq feet sold for $3.5 million or $2,482 per square foot in May 8. A four-bed unit located at The Sea View measuring 1,518 sq feet located on 14th level was purchased at $3.55 million ($2,339 per square foot) the 9th of May. It was the second highest transaction reported in The Sea View on a basis of psf prices following the transaction on May 8.

The 546-unit development developed by Wharf Estates Singapore (the former Wheelock Properties) is located on Amber Road. It was completed in 2008 and has six 22-storey blocks. Apartments are available with one-bedroom beds starting from 527 sq. ft. sq. ft 2 bedders with 1,216 sq feet, three bedders starting at 1,410 sq feet, four bedders beginning at 1,518 sq ft and five-bedroom penthouses that start at 2,809 square feet.

Robertson Blue is the third condo that has reached an all-time high in the review period after an auction of 1,862 sq. ft apartment in the development for $4.5 million ($2,417 per square foot) on the 12th of May. It is higher than the previous record set at the development in May 2022 following the sale of a 1,238 sq ft apartment in the fiveth floor was sold at $2.8 million ($2,262 per square foot).

The first time a resale sale that was recorded by Robertson Blue this year. Most recently, prior to that was the auction of a 1 238 sq. ft. property in the amount of $2.7 million ($2,181 per square foot) in the month of November 2022.

Robertson Blue is a freehold condominium along Robertson Quay in District 9 constructed in Singapore by the listed Hotel Properties, which is in the same group behind projects like The D’Leedon located on Leedon Heights, The Interlace on Depot Road and Cuscaden Residences located on Cuscaden Road. Robertson Blue was completed in 2006. The tower is 10 stories tall and has two- and three-bedroom units ranging from 1,238 sq feet up to 2,400 square feet. It is located within walking distance to a variety of services, such as restaurants located in Robertson Quay and Clarke Quay malls, such as UE Square on Clemenceau Avenue and Fort Canning MRT Station on the Downtown Line. There were no new lows in psf prices reported during the period of the review.