A FREEHOLD residential redevelopment site on the east coast has been put up for sale for $750 million or $1,234 per square foot per plot ratio.

Amber Park, in Amber Gardens, Katong, is on 213,673 sq ft of land and has an approved gross floor area of 607,601 sq ft.

It comprises two 26-storey tower blocks that contain 192 apartments and eight penthouses.

Sole marketing agent First Tree Properties says the site can be redeveloped into a high-rise condominium, subject to planning approval.

This could yield about 375 apartments with an average size of 1,600 sq ft.

According to First Tree, there will be no development charge based on the existing plot ratio of 2.843, which is slightly higher than the 2003 Master Plan plot ratio of 2.8.

The site is close to Joo Chiat, Marine Parade and East Coast Park. The nearest MRT station is Paya Lebar.

Other nearby amenities include Parkway Parade Shopping Centre, Katong Shopping Centre, eateries in the Katong vicinity, Tao Nan School, Tanjong Katong School, Chung Cheng High School and Dunman High School.

The tender for Amber Park closes on Feb 1, 2008, at 3pm.

Is this article useful to you?