Since it’s completion in April, the 109-unit condominium has since sold 40 units with Amber Skye prices ranging from $1.053 million to $2.65 million. This is for areas ranging 527 sqft, 1 BR (5th floor) to 1,335 sqft, 3BR (19th floor). This is a joint project by the former China Sonangol Land (now CS Land) and OKP Land.
Kelvin Tan of Huttons Asia who is Amber Skye’s marketing agent, reports that they are now offering discounts 5% + 1% on choice units from (1BR, 2BR, 3BR, 4BR, 5BR, 6BR penthouses and garden villas). 58 units are still up for sale as of July 21st.
Reason for the rise in sales
Amber Skye’s premium interiors, quality finishing and layouts, coupled with its strategic location are good selling points. It is right across the Tanjong Katong MRT on the Thomas East Coast line.
Meantime, in the Balmoral area, a TOP (Temporary Occupation Permit) has been issued to Goodwood Grand in June. This 65 apartment, 8-strata bungalow project was relaunched soon after its completion. 14 units have been quickly purchased despite zero discounts given. This is according to Emilia Teo who is Tong Eng Group’s business development director. 63% of the units have already been sold.
The Tong Eng Group, Ng family of Clarus Corp and Tiong Seng Holdings jointly developed this project. The contributions are 50%, 20% and 30% respectively.
Since July, prices of units sold were in the range of $1.88 million or $2,340 per square foot (for an area of 775 sqft, 2BR with study, 6th floor) up to $2.97 million or $2,419 per square foot (for an area of 1,227 sqft, 4BR, 3rd floor). This is as per caveats reported from July 2 to 16.
Factors that make the Goodwood Grand such a hot property is its location (prime District 10), its freehold status and close distance to Orchard Road and Goodwood Hills. Majority of buyers are young couples and investors seeking to earn through lease income.
Another Luxurious Landed Development
CapitaLand released a new set of houses for sale at Victoria Park Villas in July. It features 106 semi-detached units and three bungalows. All in 99-year leasehold landed arrangements.
16 units have been sold for $3.9 million with a record high of $5.07 million last July 15.
CEO of ERA Realty, Jack Chua, says that as Victoria Park Villas’ marketing agent, it has seen a strong pickup of sales because buyers have been looking forward to this project. 60% of his projects have been sold.
Victoria Park Villas is close to top-tier schools such as Nanyang Primary School, Nanyang Kindergarten, Raffles Girls Primary School, St. Margaret’s Secondary School, and Hwa Chong Institution.
You may like to read on another cluster landed, Belgravia Villas, obtaining its T.O.P. soon.