OKP & CHINA SONANGOL launch their maiden joint property project

Amber Skye's high-end homes come with prices starting at S$1,800 psf. Artist's impression.The news: China Sonangol Land and OKP Land yesterday (10 Sept) launched their freehold residential development Amber Skye, located at 8 Amber Road in prime District 15, Singapore.

It is situated on 40,708 sq ft of land of the former Amber Towers which was sold en-bloc for S$161.6 million in 2011, or $1,118 per square foot per plot ratio, to China Sonangol Land.

In the vicinity: East Coast Park and shopping malls such as 112 Katong and Parkway Parade, and popular food outlets of Katong.

Then there are popular schools like CHIJ Katong Convent, Tao Nan School, Chung Cheng High School and Chatsworth International School. The upcoming Amber MRT Station will be a short walk away.

Apartments: The development will be 20 storeys tall. Total number of units: 109, ranging from from 527 sq ft one bedroom units to 2,982 sq ft four bedroom units. Six penthouses are available, and they come with exclusive rooftop lounge areas fitted with private pools and jacuzzis.

Deep-pocketed buyers may opt for the 5,177 sq ft Grand Villa, spread over two floors and comes with a personal basement with 2 private car parks lots.

Expect exquisite interior design and premium finishing.

Every unit has a private lift lobby and most bedrooms have en-suite bathrooms. There are double-volume ceiling heights for an exclusive few and private car parks for Villa units.

Prices start from $1,800 per sq ft. Already, out of 28 units available in phase 1, 5 units of 2-bedroom apartments of 1,100 sq ft have been sold during a week-long preview. The buyers were all Singaporeans.

The project's expected TOP date is 30 June 2017.

Who the developers are: OKP Land is a wholly-owned subsidiary and property development arm of OKP Holdings Limited. The latter has established itself as a civil engineering company specialising in the construction of Singapore's roads, expressways, vehicular bridges, flyovers, and airport infrastructure. OKP Land holds a 10% equity interest in the Amber Skye project.

OKP Land is currently co-developing with a few other parties an executive condominium in Yuan Ching Road / Tao Ching Road in Singapore.

China Sonangol Land’s flagship property project in Singapore is the luxurious TwentyOne Angullia Park in Orchard Road.

China Sonangol International is a substantial shareholder of OKP Holdings with a stake of 13.98%.

danielOr9.14 Daniel Or, executive director, OKP Land.
What the developers say: “Marking our foray into the property development business, Amber Skye promises to be an exciting property offering quality high-rise residence whwhile benchmarking luxury living. We are optimistic about the launch of Amber Skye”, said Mr. Daniel Or, Executive Director of OKP Land.

“We are excited to announce the launch. It is consistent with China Sonangol’s goal to continue to build homes that brings value to match the life styles of the buyers of our properties. It builds from our experience and proven track record in the very best we do. I am confident that our approach will deliver capital appreciation to our buyers as growth and confidence in the Singapore property market returns” said Mr. Tung Kum Hon, Executive Director of China Sonangol Land.

Counter Name	Last	Change
AEM Holdings	2.290	-0.070
Best World	2.460	0.020
Boustead Singapore	0.945	-0.015
Broadway Ind	0.125	-0.003
China Aviation Oil (S)	0.905	-0.005
China Sunsine	0.400	-0.010
ComfortDelGro	1.450	-0.010
Delfi Limited	0.895	-0.005
Food Empire	1.280	-0.040
Fortress Minerals	0.305	-0.015
Geo Energy Res	0.300	-0.005
Hong Leong Finance	2.480	-0.010
Hongkong Land (USD)	2.830	-0.020
InnoTek	0.520	-0.015
ISDN Holdings	0.300	0.005
ISOTeam	0.042	-0.001
IX Biopharma	0.040	-0.005
KSH Holdings	0.255	0.005
Leader Env	0.050	-
Ley Choon	0.044	0.001
Marco Polo Marine	0.067	-0.002
Mermaid Maritime	0.136	-0.003
Nordic Group	0.310	-0.005
Oxley Holdings	0.089	-
REX International	0.138	0.003
Riverstone	0.790	-0.005
Southern Alliance Mining	0.445	-
Straco Corp.	0.495	0.010
Sunpower Group	0.205	-0.005
The Trendlines	0.069	-
Totm Technologies	0.022	-
Uni-Asia Group	0.825	-
Wilmar Intl	3.400	0.020
Yangzijiang Shipbldg	1.740	-0.030

Counter Name

Last

Change

AEM Holdings

2.290

-0.070

Best World

2.460

0.020

Boustead Singapore

0.945

-0.015