The Opus is a new freehold development located right in the heart of Katong that is that been successfully sold on a collective sale to a joint venture City Developments Limited (CDL) as well as Hong Leong Group. The collective sale was closed at $906.7 Million which is the largest collective sale in terms of dollar value till date and represents the developer’s confidence in prime freehold land in the Amber Road and Katong area right next to an MRT Station. With a plot ratio of 2.8, the price works out to S$1,515 per square foot per plot ratio (psf ppr). Estimated Selling Price is likely to be close S$2,500 psf.
The Opus Condo is located just 200 metres from the upcoming Tanjong Katong MRT Station (completion in 2023). Nearby amenities include Parkway Parade and I12 Katong shopping centres, with easy access to the central business district via the East Coast Parkway (ECP) expressway. The Opus East Coast is also near popular schools, with Tanjong Katong Primary School, Tao Nan School and Victoria Junior College among those within the vicinity.
Subject to regulatory approval, CDL and Hong Realty intend to redevelop the site into four 25-storey luxury condominiums, with almost 800 units and containing a basement car park. According to the developers, most of the units will command a sea view and have a North-South facing orientation.
Amber Gardens is a small stretch of road linking Tanjong Katong Road to Amber Road. It is a quiet part of the Amber Gardens neighbourhood that features the highly sought after address around the Amber area. Condominiums facing Amber Road are away from the noise and hustle of the city as it is an exclusive road for the entrance of only a few condos in the Amber area. There are also 2 bus stops right at both ends of Amber Gardens. Therefore, owners of the development will be able to travel to other parts of Singapore readily via public transport.
More information at https://investintproperty.com/properties/the-opus/
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