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Special Report on One Amber This is a special report on One Amber located in a well-established residential area in the East, near the popular Parkway Parade, a well-loved gathering place for the residents in the east coast. The One Amber development is also touted as one the three most popular developments, lovingly called the Trinity, in the East. Being the newest of the Trinity also make One Amber the favorite among the locals and foreigners who are seeking a home or a sound investment.
Basic Information Total Units Developer Year Completed Facilities
Address
1|Page Last Updated June 26, 2009
562 Brendale Pte Ltd 2010 Toddler’s Pool Children’s Pool Swimming Pool Infinity Pool Jacuzzi Pool Entrance Water Feature Entrance Plaza Granite Waterfall Water Jets Plaza Entrance Water Cascade Pool Deck Handball Wall Tennis Courts Mirror Garden BBQ Wind Chime Garden Adult Fitness Station Amphitheatre Club House Gym 1, 3, 7, 9 AMBER GARDENS
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Past Transactions of One Amber Units
Past Transactions of One Amber 1200 1000
Average PSF
800 600 400 200 0 Jun- Jul- Aug- Sep- Nov- Dec- Jan- Feb- Mar- Apr- May Jun08 08 08 08 08 08 09 09 09 09 -09 09 Total 1114 911 938 1009 882 853 823 778 854 875 898 910
As with any developments that are under construction, the prices are susceptible to the change in the economic climate. There are owners of One Amber who have dumped their units during the November 2008 to March 2009 where market uncertainty was at its peak. Please refer to Annex A for more details.
2|Page Last Updated June 26, 2009
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Number of Units
Total Number of One Amber Units Sold Per Month 20 18 16 14 12 10 8 6 4 2 0
Total
Jun08
Jul08
6
4
Aug- Sep- Nov- Dec- Jan08 08 08 08 09 3
6
4
5
6
Feb- Mar- Apr- May- Jun09 09 09 09 09 4
13
19
5
3
Buyers returned in droves during March 2009 and April 2009, picking up a total of 32 units in the two months, almost matching the 38 units that were sold from June 2008 to February 2009.
3|Page Last Updated June 26, 2009
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High Floor, Mid Floor, Low Floor One Amber Units – Which one is the best investment?
Performance of High, Mid and Low Floor One Amber Units 1400
Transacted Prices (PSF)
1200 1000 800 600 400 200 0
Jun-08 Jul-08 Aug-08 Sep-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 High 1181
990
900
1023
0
851
852
768
857
935
940
925
Mid
1047
0
1097
939
0
864
811
792
843
862
937
0
Low
0
831
818
0
843
0
761
775
865
831
871
880
High Floor – 15th Floor and Above | Mid Floor – 8th to 14th Floor | Low Floor – Ground to 7th Floor
In general, High Floor units are more popular. Since June 2008, 32 units have been sold, more than the 25 Mid-floor units and 21 low-floor units. High floor units also fetched a better price than mid- and low-floor units, achieving an average of 12.4 percent and 5.3 percent premium over the mid- and low-floor units.
4|Page Last Updated June 26, 2009
Denise Kee | Serving Your Real Estate Needs www .denisekee .com . sg | 98307961
Who are Your Neighbours? One Amber, being the newest development of the Trinity, takes its price indication from its neighbours, The Seaview and The Esta, in particular.
The Sea View
Average Transacted Price of The Sea View 1600 1400
Transacted Price (PSF)
1200 1000 800 600 400 200 0 Mar08
Apr08
May08
JunAugJul-08 08 08
Sep08
Oct08
Dec08
Jan09
Feb09
Apr09
May09
Total 1213
1190
1224
1269
1215
1108
1189
1152
1050
987
1064
1237
1420
The marketing efforts of Wheelock Properties, the high-end developer, have paid off for the owners of The Sea View. The development is perceived to be the premium of the lots in the East, especially in the Amber Road area. The quality and the spaciousness of the development are valued by buyers who are willing to pay a premium over The Esta and One Amber. However, we think that One Amber will catch up with The Sea View once it is TOP.
5|Page Last Updated June 26, 2009
Denise Kee | Serving Your Real Estate Needs www .denisekee .com . sg | 98307961
Rental Yield of The Sea View
Average Rent at The Sea View 4.00 3.50 3.00
PSF
2.50 2.00 1.50 1.00 0.50 0.00 Mar- Apr- May- Jun08 08 08 08
Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May08 08 08 08 08 08 09 09 09 09 09
Total 1.97 2.53 2.42 3.07 2.74 2.31 2.50 2.36 3.33 3.52 3.35 3.49 3.39 3.29 3.46
Rental Market is usually tied to the labour market. Amid the job losses in the financial markets, we have seen the rental at The Sea View plunged to one of the lowest in March. However, as seen in the last few months, the rental levels have firmed up, with banks relooking at hiring and increasing their pay to their staff to keep them.
6|Page Last Updated June 26, 2009
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The Esta
Average Transacted Price at The Esta 1200
1000
PSF
800
600
400
200
0 Mar Apr- May Jun- Jul- Aug Sep- Oct- Nov Dec- Jan- Feb- Mar Apr- May -08 08 -08 08 08 -08 08 08 -08 08 09 09 -09 09 -09 Total 1073 991 900 947 914 928 900 896 837 809 846 868 915 891 955
The average transacted price of The Esta units is lower than that of One Amber and The Sea View. Most buyers do not like the layout of the developments, which the pool facing units are blocked and facing another block. The pool is always smaller the in terms of space, the development feels a bit more congested. However, it is still a very nice development in the East.
7|Page Last Updated June 26, 2009
Denise Kee | Serving Your Real Estate Needs www .denisekee .com . sg | 98307961
Rental Yield at The Esta
Rental Rates at The Esta 3.00
2.50
PSF
2.00
1.50
1.00
0.50
0.00 Mar- Apr- May- Jun08 08 08 08
Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May08 08 08 08 08 08 09 09 09 09 09
Total 2.37 2.24 2.24 2.03 2.13 2.24 2.03 2.17 0.00 2.27 1.82 1.90 1.70 1.83 2.67
The rental yield is also lower as most people prefer The Sea View, paying a premium for units over there.
8|Page Last Updated June 26, 2009
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Annex A Unit Sold 7 Amber Gardens #04-18 7 Amber Gardens #23-15 9 Amber Gardens #17-26 1 Amber Gardens #20-02 9 Amber Gardens #07-26 7 Amber Gardens #06-15 9 Amber Gardens #10-23 3 Amber Gardens #04-09 7 Amber Gardens #03-17 3 Amber Gardens #05-08 1 Amber Gardens #10-06 1 Amber Gardens #18-03 1 Amber Gardens #20-04 9 Amber Gardens #09-24 1 Amber Gardens #17-06 1 Amber Gardens #09-06 9 Amber Gardens #04-22 7 Amber Gardens #16-17 7 Amber Gardens #05-17 1 Amber Gardens #04-07 9 Amber Gardens #13-22 3 Amber Gardens #11-09 7 Amber Gardens #14-20 9 Amber Gardens #16-23 1 Amber Gardens #03-06 7 Amber Gardens #11-20 9 Amber Gardens #18-23 1 Amber Gardens #21-06 3 Amber Gardens #22-12 9 Amber Gardens #11-27 1 Amber Gardens #03-04 1 Amber Gardens #07-04 9 Amber Gardens #02-21 9 Amber Gardens #13-27 3 Amber Gardens #12-12 9 Amber Gardens #19-27 9 Amber Gardens #11-25 3 Amber Gardens #09-10 3 Amber Gardens #02-10 1 Amber Gardens #17-07
9|Page Last Updated June 26, 2009
PSF $880 $936 $914 $940 $910 $870 $937 $833 $850 $850 $830 $919 $1,099 $1,034 $880 $835 $853 $890 $800 $880 $880 $810 $830 $900 $750 $818 $924 $900 $827 $855 $903 $947 $810 $860 $800 $860 $850 $850 $800 $840
Area (Square Feet) 1701 2777 1313 1259 1313 1259 958 1658 1270 1302 1442 958 570 570 1442 1442 1442 1270 1270 1335 1442 1658 1259 958 1442 1259 958 1442 1572 1389 570 570 1335 1389 1615 1389 958 1701 1701 1335
Total Amount $1496k $2600k $1200k $1183k $1194k $1095k $898k $1380k $1079k $1106k $1196k $880k $627k $590k $1270k $1204k $1230k $1130k $1016k $1174k $1268k $1342k $1044k $862k $1081k $1029k $885k $1297k $1300k $1187k $515k $540k $1081k $1194k $1292k $1194k $814k $1445k $1360k $1121k
Contract Date 4-Jun-09 4-Jun-09 3-Jun-09 20-May-09 19-May-09 12-May-09 11-May-09 4-May-09 30-Apr-09 30-Apr-09 29-Apr-09 29-Apr-09 27-Apr-09 27-Apr-09 22-Apr-09 22-Apr-09 21-Apr-09 17-Apr-09 16-Apr-09 16-Apr-09 16-Apr-09 14-Apr-09 8-Apr-09 6-Apr-09 3-Apr-09 3-Apr-09 2-Apr-09 31-Mar-09 30-Mar-09 27-Mar-09 25-Mar-09 20-Mar-09 13-Mar-09 13-Mar-09 13-Mar-09 11-Mar-09 10-Mar-09 9-Mar-09 9-Mar-09 5-Mar-09
Denise Kee | Serving Your Real Estate Needs www .denisekee .com . sg | 98307961
7 Amber Gardens #03-15 3 Amber Gardens #14-13 7 Amber Gardens #12-20 7 Amber Gardens #07-20 9 Amber Gardens #15-21 7 Amber Gardens #19-17 1 Amber Gardens #06-02 1 Amber Gardens #22-01 1 Amber Gardens #10-02 3 Amber Gardens #14-08 9 Amber Gardens #16-27 1 Amber Gardens #08-01 3 Amber Gardens #16-09 1 Amber Gardens #17-02 1 Amber Gardens #21-03 9 Amber Gardens #06-27 7 Amber Gardens #11-17 9 Amber Gardens #08-24 9 Amber Gardens #14-27 7 Amber Gardens #19-19 Amber Gardens #18-10 9 Amber Gardens #13-26 7 Amber Gardens #22-15 3 Amber Gardens #19-10 1 Amber Gardens #19-04 7 Amber Gardens #18-17 9 Amber Gardens #12-24 7 Amber Gardens #02-20 9 Amber Gardens #01-25 7 Amber Gardens #16-16 1 Amber Gardens #19-05 7 Amber Gardens #05-16 1 Amber Gardens #12-03 1 Amber Gardens #17-04 7 Amber Gardens #10-18 7 Amber Gardens #14-19 3 Amber Gardens #16-08 1 Amber Gardens #16-01
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$720 $768 $792 $830 $861 $880 $761 $816 $825 $797 $850 $864 $840 $853 $860 $843 $835 $999 $850 $930 $1,100 $939 $860 $1,121 $1,104 $900 $1,097 $818 $762 $1,000 $980 $900 $1,100 $1,192 $1,008 $1,032 $1,220 $1,130
1259 1302 1259 1259 1335 1270 1313 1507 1313 1302 1389 1389 1658 1313 958 1389 1270 570 1389 1658 1701 1313 1195 1701 570 1270 570 1259 1324 1378 958 1378 958 570 1701 1658 1302 1389
$906k $1000k $998k $1044k $1149k $1117k $1000k $1230k $1083k $1038k $1180k $1200k $1392k $1120k $823k $1170k $1060k $570k $1180k $1541k $1871k $1233k $1027k $1906k $630k $1143k $626k $1030k $1008k $1378k $938k $1240k $1053k $680k $1714k $1710k $1588k $1569k
27-Feb-09 25-Feb-09 18-Feb-09 5-Feb-09 30-Jan-09 30-Jan-09 23-Jan-09 22-Jan-09 19-Jan-09 7-Jan-09 18-Dec-08 15-Dec-08 5-Dec-08 3-Dec-08 2-Dec-08 28-Nov-08 21-Nov-08 13-Nov-08 3-Nov-08 9-Sep-08 8-Sep-08 8-Sep-08 4-Sep-08 4-Sep-08 3-Sep-08 16-Aug-08 14-Aug-08 11-Aug-08 31-Jul-08 25-Jul-08 25-Jul-08 21-Jul-08 10-Jun-08 16-May-08 23-Apr-08 7-Apr-08 28-Mar-08 13-Mar-08
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11 | P a g e Last Updated June 26, 2009