Amber Park sold en bloc for $906.7M

City Developments Limited (CDL) bought Amber Park en bloc for a record of $906.7M.

Amber Park has set a record by dollar value for freehold properties sold en bloc.

With CDL’s land price working out to $1,515 per sq ft (psf) per plot ratio, ZACD Group executive director Nicholas Mak estimated the minimum price for new units on the site to cross the $2,200 psf mark.

Source: TNP