Amber 45 condominium by UOL

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Amber 45 is a new launch condominium coming to the market in the near future.

At the heart of Amber Road, Amber 45 is near the East Coast Park, malls such as Parkway Parade and I12 Katong, good schools such as Tao Nan, Tanjong Katong Primary and Girls School and a 10-15 min drive to both the city and Changi International Airport.

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Quick navigation for Amber 45

  1. Amber 45 Development info
  2. Unit Mix
  3. Floor plan
  4. Pricing
  5. Showflat location
  6. Site plan
  7. Condominium amenities
  8. Transport amenities
  9. Educational institutions
  10. Healthcare facilities
  11. Shopping and entertainment amenities
  12. Fitness amenities
  13. Government masterplans
  14. Investment analysis
  15. Developer background
  16. In the news
  17. Contact us

Amber 45 Development Info

Project name Amber 45
Address Amber Road
Developer UOL
Tenure Freehold
District 15
Site area 69,858 sqft
Gross floor area 146,701 sqft
No of blocks To be confirmed
No of storeys To be confirmed
No of units Approx 190
TOP date  To be confirmed

 

Unit Mix

Amber 45 is expected to have a mix of 2 to 5 bedroom units with sizes ranging from 600 to 1,500 sqft.

The confirmed unit mix plans are not out yet and will be released.

Contact us if you would like to be notified when details are released.

Floor plans

Amber 45’s floor plans have not been released.

Contact us if you would like to be notified when details are released.

Pricing

Based on comparables in the area, Amber 45’s pricing is expected to be in the S$1,600 to S$1,700 ranger.

This pricing is not confirmed by the developer and will be finalized in due course.

Contact us if you would like to be notified when details are released.

Showflat location

To be confirmed

Site plan

To be confirmed

Amber 45 condominium amenities

Given the medium size nature of Amber 45, standard condominium facilities are expected to be present.

These include swimming pool(s), indoor gym, children’s play area, function room, outdoor barbeque pits among others.

Transport amenities

There are 2 upcoming MRT stations near Amber 45 and they are Marine Parade and Tanjong Katong stations on the Thomson East Coast Line (TEL).

The TEL will be fully complete in 2024 which is only a few years after Amber 45’s expected TOP date.

These MRT stations are about a 5 min walk from Amber 45.

Bus services that serve Amber 45 include 10, 10E, 12, 14, 32, 40 and 47 along East Coast Road.

Along Marine Parade Road which is South of Amber 45, bus services include 15, 31, 36, 36B, 43, 48, 134, 135, 196, 196E, 197, 853 and 966.

These bus stops are about a 5 min walk from Amber 45.

Amber 45 is also near East Coast Parkway’s (ECP) exit 10 and 11 that will bring residents to Changi Airport or the CBD with 10-15 mins of driving.

Amber 45 connectivity to town

Educational institutions

Educational institutions around Amber 45 include Tanjong Katong Primary (340m or 3 min walk), Tanjong Katong Girls’ School (780m or 3 min drive), Tanjong Katong Secondary School (840m or 3 min drive), Haig Girls’ School (1.02km or 4 min drive), CHIJ (Katong) Primary (1.1km or 4 min drive), Tao Nan School (1.1km or 4 min drive), Kong Hwa School (1.8km or 6 min drive) and Ngee Ann Primary School (1.8km or 6 min drive).

Healthcare facilities

The main healthcare facility near Amber 45 is the Singhealth Marine Parade Polyclinic.

Shopping and entertainment amenities

Amber 45 is located near shopping malls and entertainment outlets such as Parkway Parade, I12 Katong and the Joo Chiat enclave.

These areas offer everything that residents will need from groceries, discretionary goods to festive products.

The Joo Chiat area is becoming an enclave that is popular among expatriates, hip and modern youngsters and professionals looking for drinks, a gastronomical experience and generally just hanging out.

Fitness amenities

Amber 45 is walking distance from the East Coast Park and will no doubt appeal to fitness enthusiasts.

From camping, running and working out to dining, East Coast Park offers a whole host of activities for families, singles, young couples, professionals and expatriates living at Amber 45.

Only a 5-10min drive from Amber 45 is the Singapore Sports Hub.

Comprising the OCBC Arena, X-treme sports hardcourt, OCBC Aquatic Centre, Kallang Wave Mall, Kallang Theatre, Leisure Park Kallang, Sports Hub Library, Singapore Sports Museum and Singapore Indoor Stadium, the area can occupy you for an entire day!

Amber 45 residents who are fitness enthusiasts can now look forward to a whole host of sporting and outdoor activites to do over the weekend.

Government masterplans

Investment analysis

The latest non-landed prices for Amber Road in district 15 came in at S$1,355 psf in Oct 2017 according to Squarefoot.

Compared to 10 years ago where prices were S$1,281 psf, prices have risen by about 6%. On an annualized basis, this is approximately 1% thereabouts.

Read also: Possible to get 20% returns on Amber 45?

District 15 prices
District 15 prices

Considering how the government implemented many rounds of cooling measures over the last 5 years to tamp down price growth in the market, it is remarkable that prices in the district have been on an uptrend.

This is a testament to the area’s choice location, given it’s proximity to the City Centre, the East Coast Park (walkable or accessible by underpass), various retail amenities such as Parkway Parade, I12 Katong, and the Joo Chiat food and entertainment enclave. The upcoming Thomson East Coast Line will also improve connectivity for residents in the area. The Tanjong Katong MRT station is nearest to the Amber 45 condominium.

According to UOL who bought the nursery from its previous owners, they are intending to accommodate about 190 apartment units in a 22-storey block.

Pricing for surrounding developments such as The Sea View are between S$1,515 to S$1,760 on average over the last 6 months, translating into an implied rental yield of 2.6%.

Also read: Look out for these 3 things for Singapore property’s outlook

The Shore Residences registered a price range of S$1,422 to S$1,534 over the last 6 months, translating to an implied rental yield of 3.5%.

Across the road is Amber Residences where prices have registered S$1,376 to S$1,496, implying a rental yield of 2.9%.

Further down the road are two slightly older condominium developments, The Esta and One Amber.

The Esta had prices of between S$1,401 to S$1,598 over the last 6 months, implying a yield of 2.8%, while One Amber had prices of S$833 to S$1,602, implying a rental yield of 2.9%.

From these comparables, it can be seen that pricing for relatively newer condominums in the immediate Amber Road area are about the S$1,500 psf range.

In terms of rents, recently concluded transactions in The Shore Residences include the following

  • 3 bedroom 1,150 sqft for S$3,900 per month
  • 3 bedroom 1,250 sqft for S$4,850 per month
  • 2 bedroom 1,050 sqft for S$3,900 per month
  • 1 bedroom 550 sqft for S$2,400 per month

There is some variation in the rents as the units could be on different floors.

On average, The Shore Residences is registering rents of about S$4.2 psf pm, which translates into about S$4,200 for a 1,000 sqft unit.

Zooming out a little, rents along Amber Road have maintained at the S$3 to S$4 range.

A 1,000 sqft unit will therefore be going for around S$3,000 to S$4,000 per month.

Developer background

UOL is one of Singapore’s leading public-listed property companies with an extensive portfolio of development and investment properties, hotels and serviced suites.

UOL strongly believes in delivering product excellence and quality service in all our business ventures.

Our list of property development projects includes residential units, office towers and shopping malls, hotels and serviced suites.

UOL, through our hotel subsidiary Pan Pacific Hotels Group Limited (PPHG), owns and/or manages over 30 hotels, resorts and serviced suites in Asia, Oceania and North America under two acclaimed brands, namely “Pan Pacific” and PARKROYAL.

Our unwavering commitment to architectural and quality excellence is reflected in all our developments, winning us prestigious awards such as the FIABCI Prix d’Excellence Award, Aga Khan Award for Architecture, Urban Land Institute Awards for Excellence and President’s Design Award.

As we stay true to our core values, building on Passion, Innovation, Enterprise, Corporate Social Responsibility and People, we continue to leverage our strengths to create long-term value for our stakeholders.

Amber 45 in the news

Amber 45 in the Business Times

Nursery at the Amber 45 plot
Nursery at the Amber 45 plot

UOL Group has clinched an option to purchase a freehold 69,858-square-foot site at 45 Amber Road for S$156 million

UOL Group has clinched an option to purchase a freehold 69,858-square-foot site at 45 Amber Road for S$156 million.

The site, which currently holds a horticultural and gardening retail centre, has a plot ratio of 2.0 and is being sold by Sin Lian Huat Co.

The District 15 site is within walking distance of the upcoming Marine Parade and Tanjong Katong MRT stations, which are estimated to be completed in 2023. UOL has two weeks to exercise the option, and 12 weeks after that to complete the deal.

Amber 45 in the Straits Times

Amber 45 Straits Times

A site in Amber Road that has housed a landscaping and nursery business for more than 30 years has been sold to property developer UOL for $156 million.

The plot of about 70,000 sq ft at 45 Amber Road, which was owned by developer Sin Lian Huat, is sandwiched between two condominiums – The Shore Residences and The Sea View.

Mr Richard Yeo, senior manager of Ban Nee Chen nursery, said the nursery was not informed that the land had been sold.

He said the nursery would move if it had to. Mr Liam Wee Sin, UOL’s deputy group chief executive, said in a statement to The Straits Times that the deal was an opportunity to acquire a rare freehold residential site.

“The site will be able to accommodate about 190 apartment units in a 22-storey block. We believe there will be very strong demand for a freehold apartment in the Amber Road/Marine Parade area,” he added.

Mr Liam said the deal was also a “timely replenishment of our land bank, given the successful sell-out and completion of 70 St Patrick’s”.

UOL’s most recent East Coast residential project, 70 St Patrick’s, which was launched in 2014, had 186 apartments going at an average price of $1,600 to $1,700 per sq ft.

Dr Lee Nai Jia, head of South-east Asia research at property consultant Edmund Tie and Company, said the Amber Road plot was attractive for several reasons.

“The quantum of the site is relatively low and it is close to many amenities – established primary schools, eateries, and within walking distance of upcoming MRT stations Marine Parade and Tanjong Katong, which are estimated to be completed in 2023,” he said. Dr Lee added that the site is also close to East Coast Park.

The purchase is the latest property deal linked to veteran banker Wee Cho Yaw, the chairman of UOL’s board of directors.

Last week, he made waves in the property market by buying 45 units at luxury condominium The Nassim for $411.6 million through his company’s private real estate arm, Kheng Leong.

Contact us

The Amber Road area will continue to remain an attractive location for renters and investors given its proximity to amenities and the city.

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