Overview Rating
Amber Sea presents a solid investment opportunity with its prime location, freehold tenure, proximity to amenities, and future development potential. The project’s resale potential and rental yield are also promising, making it a good choice for both homebuyers and investors alike.
Tenure
Amber Sea has a freehold tenure which offers more benefits to owners in terms of property value appreciation over time compared to leasehold properties.
Amenities
Amber Sea is conveniently located within walking distance to amenities such as Tanjong Katong MRT Station (7 min, 455 m), Marine Parade MRT Station (779 m), and shopping malls like Katong Shopping Centre (6 min, 370 m) and Parkway Parade (650 m). It is also near several reputable schools including Tanjong Katong Primary School (6 min, 380 m) and Canadian International School (Tanjong Katong Campus) (6 min, 396 m).
Future Development
The Urban Redevelopment Authority’s plans for revitalizing and rejuvenating the East Coast area will positively impact Amber Sea’s property appreciation over time.
Sale PSF Price
The sale PSF price for Amber Sea is not provided on the given information. However, considering its location in District 15, which is part of the RCR region, we can assume that its PSF price may be close to or higher than the average PSF price for condos in the RCR ($2,294).
Resale Potential
With its prime location in District 15, proximity to amenities, freehold tenure status, and future nearby developments such as the URA’s plan to revitalize and rejuvenate the East Coast area, Amber Sea has good resale potential.
Rental Yield
Considering Singapore’s average rental yield of about 3-4%, Amber Sea’s potential rental yield would likely fall within this range due to its attractive location and nearby amenities.
Amber Sea is an upcoming freehold residential condominium, nestled in the highly sought-after District 15 of Singapore. This luxurious development, located between the lively Joo Chiat and Katong neighborhoods, offers an exclusive living experience with its unique blend of exquisite amenities and modern living spaces. The project comprises a single 22-storey block, featuring 132 units ranging from one to five-bedroom configurations. With unit sizes averaging around 1,000 square feet, Amber Sea promises spacious layouts and high-quality finishes that cater to various lifestyles.
Location
The location of Amber Sea comes with both advantages and disadvantages. Situated in the bustling District 15, it enjoys excellent connectivity to various parts of Singapore via major expressways like East Coast Parkway (ECP), Kallang-Paya Lebar Expressway (KPE), and Marina Coastal Expressway (MCE). Additionally, the upcoming Tanjong Katong MRT station is just a short walk away.
Residents can enjoy easy access to numerous recreational options like East Coast Park for beachside activities or immerse in Peranakan cultural heritage at nearby Joo Chiat/Katong area. Shopping centers like Katong Shopping Centre and Parkway Parade are within walking distance, offering diverse retail choices.
On the other hand, some potential drawbacks include noise pollution from traffic along major roads surrounding the development. However, given its prime location in a mature neighborhood boasting amenities such as reputable schools like Tanjong Katong Primary School and Tao Nan School, it could still be an attractive choice for families and investors alike.
Units
Amber Sea offers a variety of units that cater to different preferences and needs. Units range from compact one-bedrooms to expansive five-bedroom penthouses and ground floor duplexes. Each unit boasts functional layouts complemented by high-quality finishes for a comfortable living experience.
One key strength lies in the unit sizes, which are noticeably more spacious compared to other recent freehold launches in the area. Amber Sea also offers unique features such as flexible spaces that can be repurposed according to residents’ needs.
However, it is essential for potential buyers to carefully consider factors like unit orientation and layout when choosing a unit. While some units may offer stunning sea views or overlook lush landscaping, others might face less desirable scenery.
Price
Given its prime location and impressive range of amenities, Amber Sea’s price point could be considered reasonable relative to comparable properties within District 15. While the prices are not explicitly mentioned in this prompt, interested buyers should enquire for the latest pricing details and compare them with other developments nearby.
The Urban Redevelopment Authority (URA) has plans to rejuvenate the East Coast area, making Amber Sea an attractive investment opportunity. As such, prospective buyers might find value in purchasing a unit at Amber Sea amidst a thriving market and strong demand for properties in District 15.
Conclusion
Amber Sea offers an excellent combination of modern living spaces with sophisticated amenities set within a culturally rich neighborhood. Its strategic location provides easy access to various lifestyle options while maintaining connectivity through public transportation and major expressways.
However, some potential drawbacks include noise pollution from busy roads surrounding the development. Nevertheless, given its prime location and future growth potential due to URA’s plans for the East Coast area, Amber Sea remains an attractive choice for homebuyers seeking quality seaside living or investors looking for promising returns on their investment.
