City Developments and JV partner acquire Amber Park for record-smashing $906.7 million

SINGAPORE (Oct 4): City Developments (CDL) and its joint venture partner have successfully acquired Amber Park at $906.7 million, setting the record as Singapore’s largest freehold collective sale by dollar value.

The property has an area of 213,675 sf, plot ratio of 2.8 and allowable Gross Floor Area of about 598,290 sf.

CDL’s wholly-owned subsidiary Cityzens Development and joint-venture partner Hong Realty plan to redevelop the site into a luxury condominium comprising four 25-storey blocks with close to 800 units and a basement carpark.

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