29 Aug '17, 8am

2 freehold condominiums up for sale.

2 freehold condominiums up for sale.

The collective sale fever just got a bit hotter with news yesterday of two freehold condominiums up for sale. Owners at Jervois Gardens , a condo of 17 apartments off River Valley Road, want $68 million for their estate while Amber Park in the East Coast is on the market for a minimum price of $768 million. Built in the mid-1980s, Amber Park comprises two 27-storey blocks. Under the 2014 Master Plan, the 213,670 sq ft site with a gross plot ratio of 2.8 could accommodate a development of around 24 to 26 storeys. But the big site has an allowable gross floor area (GFA) of 598,300 sq ft, which means close to 800 units averaging 70 sq m each can be built, said sole marketing agent JLL. The Amber Road area is an established private residential enclave that is popular with both locals and expatriates, due to its proximity to the central business district and the airport, and it...

Full article: https://www.srx.com.sg/singapore-property-news/40292/en-b...

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