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Number of units: 592 Square Foot Research indicated a median developer price of $2,369 psf. The lowest recent price was $2,378 psf, and the highest was $2,604 psf. Notable highlights: Amber Park was one of the best known Katong / Marine Parade area condos of its day, so it’s unsurprising its replacement chose to retain the name. Much like its predecessor, Amber Park benefits from being close to the lifestyle stretch of East Coast Road. It’s only 500 metres, or a four-minute walk, to where the stretch begins (around Katong Shopping Centre). From there it’s family-friendly pubs, restaurants, diners, etc. all the way to the Joo Chiat area. ....
SINGAPORE (THE BUSINESS TIMES) - Property developer Chip Eng Seng is expecting to report a FY2020 net loss in mid-February 2021 as opposed to its FY2019 net profit of S$32.6 million, due to the adverse impact of Covid-19 on its businesses. The full year net loss incurred will be wider than the S$25.7 million net loss it reported for H1 2020, said the group in its profit warning issued on Monday (Jan 11). In the property segment, Chip Eng Seng s ongoing development projects Grandeur Park Residences, Park Colonial, Parc Komo and Kopar at Newton were affected by the closure of their construction sites for several months in FY2020, which in turn dampened revenue recognition and progressive payments from property buyers. ....