UOL buys Amber Road Site for $156m
A site in Amber Road that has housed a landscaping and nursery business for more than 30 years has been sold to property developer UOL for $156 million. It is understood that this is Freehold residential site can accommodate 190 units in a 22-storey block.
The plot of about 70,000 sq ft at 45 Amber Road, which was owned by developer Sin Lian Huat, is sandwiched between two condominiums – The Shore Residences and The Sea View.
Mr Richard Yeo, a senior manager of Ban Nee Chen nursery, said the nursery was not informed that the land had been sold. He said the nursery would move if it had to.
Mr Liam Wee Sin, UOL's deputy group chief executive, said in a statement to The Straits Times that the deal was an opportunity to acquire a rare freehold residential site.
Another property around at the eastern side is upcoming Seaside Residences by Frasers Centrepoint Homes.
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