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UOL acquires Amber Road site for $156m

cheeyuen.tan@bizedge.com
Updated

A 69,858 sq ft residential site at 45 Amber Road has been sold to UOL Group Ltd for $156 million.

The site is located between The Seaview and The Shores Residences. lt is within walking distance to Parkway Parade and the upcoming Tanjong Katong and Marine Parade MRT stations on the Thomson East Coast Line, which are estimated to be completed in 2023.

The freehold parcel is currently being used as a floral nursery. It has a plot ratio of 2.1 and can yield up to 194 housing units.

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