New project update: Amber Skye re-launched!

By The Folks @PropTalk - March 26, 2015 No Comments

Amber Skye, a freehold residential project near Katong Shopping Centre, has been re-launched last weekend. This follows the tepid sales during its first launch last September.

The 109-unit project in Amber Road is being developed by CS Amber Development, a joint-venture between China Sonangol Land and OKP Land.

As at late October, the project had sold only six units.

Indicative pricing at the re-launch ranges from $1,680psf to $2,500psf, the developer said. In September last year, some units sold for $1,800 and $1,900psf.

The developers said one of the attractions of the project is the number of larger units on offer, at a time when many condo developers are tending to downsize.

It offers two six-bedroom units, 11 four-bedders and 30 three-bedders, with the rest made up of smaller units.

The project is close to a number of schools, namely CHIJ Katong Convent, Tao Nan, Victoria Junior College and Chatsworth International.

Amber Skye is expected to receive its temporary occupation permit in the middle of 2017.
Info source: ST

Our day jobs have gotten in the way of us putting up this post earlier. But the wife and I understand that there were more than 300 visitors to the Amber Skye sales gallery last weekend. While having more people coming by to look at your showflat is definitely a positive sign, it will probably take more than eyeballs to boost sales  in this project.

We had reviewed Amber Skye in November last year. While we have had some good things to say about the project, we did comment  that the price of the units are too steep (at least to yours truly). And given the current market sentiments, it may take some steep discounts to move units...

Click on the link below to read our review of Amber Skye:




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