UOL Group Limited (UOL), one of Singapore’s top public-listed property companies, has purchased a prime site at 45 Amber road that will be meant for residential purposes. The site was once sold and was previously utilized by landscaping and nursery businesses. However, these businesses will eventually have to move out to make room for the future UOL apartment building and could relocate if they wish to continue business.
The 70,000-sq. ft. residential site along 45 Amber road is big enough to accommodate a 22-story condo containing 190 apartment units. With UOL’s track record, this is an opportunity to get in and ride the company’s success. This is just one of many the acquisitions of UOL and will certainly not be the last.
As a company with an abundance of history and experience in the matter, it is certain that UOL will be able to transform 45 Amber into a residential success, adding another building to the city’s magnificent skyline.
|Project Name||Amber 45|
|Developer||UOL Ventures Pte Ltd|
|Address||45 Amber Road|
|Showflat Location||45 Amber Road|
|Developer Sales Hotline||+6567504677|
|Est Indicative Selling Price Range||TBA|
|Tenure||Estate in Fee Simple (Freehold)|
|Year of Completion||Expected to be completed in 2023|
|Description||Prestigious high-rise condominium at Amber Road by UOL
Within walking distance of the upcoming Marine Parade and Tanjong Katong MRT stations
|No of Units||140 units|
|No of Blocks||TBA|
|No of Storey||22 Storey|
|Site Area||69,858 sq ft|
|Gross Floor Area||146,701 sqft|
|Land Lot Number||MK25-03369V|
The vicinity of Amber 45 UOL is economically viable for another residential building, having elite schools and shopping centres in the area. The site is also near a future MRT station that will increase foot traffic and further boost the area’s economy. 45 Amber has been a prime site economically for decades and its vicinity seems to be improving as the years go by.
The road on which the mentioned site is situated on happens to have a bit of involvement with the history of Singapore. The road was established in 1921, having the Elias family’s clan name as a namesake.
Amber road was a long L-shaped road that used to be between Grove Road and Tanjong Katong road, but after years of further urbanization and developmental progress, the current geography of Amber road makes it that it connects the junction of Haig road and Mountbatten road to Tanjong Katong Road.
Amber road has been part of two known historical events in Singapore’s past: one during the Japanese occupation and another during the Maria Hertogh riots. During the Japanese occupation, the operation that aimed to seek out anti-Japanese radicals called Operation Sook Ching was based on the beach just across the road.
In the 1950s, Amber road was also one of the areas to be heavily damaged during the Maria Hertogh riots. Being linked to the country’s history and being occupied by the previous businesses for over 30 years, the area will continue on its path for development under the ownership of UOL.
If history can be a lesson, it’s that Amber road has been through challenges and successes but ultimately, it will be there to last for many more decades to come.
NEARBY ESTABLISHMENTS TO AMBER 45 CONDOMINIUM BY UOL
Nothing is more important than nearby establishments for residential projects because that is a feature that can make or break a deal. Fortunately for 45 Amber UOL, the nearby establishments will soon be receiving flocks of offers from interested buyers. This is evident from the fact the lot is already in between two successful residential establishments: The Shore Residences and Sea View.
Nearby establishments help to attract potential clients because of the convenience of either having businesses nearby or having their work nearby. This is especially fortunate for 45 Amber because it is geographically situated in a vicinity of amenities with shopping centres and schools close by.
Firstly, 45 Amber is located near academic institutions like the Chatsworth International School, a school that caters students from grade 12 and provides a holistic and balanced education to the future pillars of society. Other than the Chatsworth International School, Amber 45 is also close by Tanjong Katong Primary School and Tanjong Katong Girl’s School.
Having schools near a residential project is always good for business because businesses concentrate around areas of high traffic and school districts generate one of the heaviest traffics in the city. Being in the proximity of not one but multiple elite schools in the area, this will only bring in more potential clients since schools bring in hordes of families and school workers.
Residential apartments are not the only businesses to pop up near school districts but a whole multitude of them. 45 Amber is also near Parkway Parade, Katong Shopping Centre and 112 Katong – all popular shopping centres in the area.
As mentioned before, economic traffic is always good for residential businesses because as long as the area provides thousands of jobs, many people will be looking for a place to stay in near their workplace as to cut the cost and time it takes to travel. Having three popular shopping centres in the vicinity, UOL’s development will be a profitable investment for the company and for those quick enough to invest in it.
Investment in properties take longer than most investments but they are by far safer than most. As long as economic transactions happen in the area, more people will arrive and residential developments will flourish. It should also be noted that having shopping centres nearby can entice buyers to get into the nearby residential areas as well for the convenience of the proximity.
Being close to shopping centres means that one does not need to travel far to purchase the necessities of life. This is a major factor which buyers will consider before getting an apartment unit.
Another nearby establishment worth considering for 45 Amber is the upcoming development of the Tanjong Katong MRT Station that is due in 2023. Being close to an MRT station is highly advantageous because this means that residences can now cater to people who work far away via the MRT.
Basing on statistics, having an MRT station close by will be very profitable for 45 Amber and all other residential businesses close to it because MRT stations significantly increase the foot traffic of the area, thereby boosting the area’s economy.