The land plot at which AMO Residence occupies at Ang Mo Kio Ave 1, was sold to UOL, Singapore Land Group and Kheng Leong in June 2021, at a land cost of $1,118 psf ppr.
The breakeven price is estimated to be at $1,822 psf.
With a markup of 15%, launch prices could be at $2100 psf on average.
For more information on AMO Residence, see project website here
ALLOWABLE DEVELOPMENT: Residential
SITE AREA: 12,679.4 m²
MAXIMUM PERMISSIBLE GFA: 31,699 m²
DATE OF LAUNCH: 26 NOVEMBER 2020
DATE TENDER CLOSED: 25 MAY 2021
LEASE PERIOD: 99 Years
|RANKING||NAME OF TENDERER||TENDERED SALE PRICE ($)||TENDERED SALE PRICE IN $PSM OF GFA|
|1||United Venture Development (2021) Pte. Ltd.||381,381,000.00||12,031.33|
|2||Titus Residential SG Pte. Ltd.||358,888,000.00||11,321.75|
|3||Far East Civil Engineering (Pte.) Limited, Fortune Harmony Limited and Sekisui House, Ltd.||353,333,333.00||11,146.51|
|4||Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Oriental Worldwide Investments Inc||335,900,000.00||10,596.55|
|5||GLL C Pte. Ltd.||334,802,225.00||10,561.92|
|6||CEL Development Pte. Ltd., Sing-Haiyi Treasure Pte. Ltd. and Chuan Investments Pte. Ltd.||331,888,888.00||10,470.01|
|7||Winrich Investment Pte. Ltd.||328,688,888.00||10,369.06|
|8||Siong Feng Development Pte Ltd and Ultra Infinity Pte Ltd||325,888,889.00||10,280.73|
|9||Grand Cullinan Pte. Ltd.||325,188,188.00||10,258.63|
|10||EL Development Pte Ltd||315,800,000.00||9,962.46|
|11||Intrepid Investments Pte. Ltd., Garden Estates (Pte.) Limited and TID Residential Pte. Ltd.||314,500,000.00||9,921.45|
|12||Sing Holdings Residential Pte. Ltd. and Cedar Investments Pte. Ltd.||307,500,000.00||9,700.62|
|13||Sim Lian Land Pte Ltd||305,100,000.00||9,624.91|
|14||SL Capital (7) Pte. Ltd.||303,999,000.00||9,590.18|
|15||Japura Development Pte Ltd||248,535,000.00||7,840.47|
2 Jun 2021 : Ang Mo Kio residential site tender awarded for $381.4 million
The Urban Redevelopment Authority (URA) has awarded the tender for a private housing site in Ang Mo Kio Avenue 1 to United Venture Development (2021) for $381.4 million, or $12,031 per sq m of gross floor area.
25 May 2021 : Ang Mo Kio 99-year private housing plot draws 15 bids; EC plot in Tengah draws seven bids
A 99-year leasehold private housing site in Ang Mo Kio Avenue 1, opposite the Bishan-Ang Mo Kio Park, has drawn 15 bids in a state tender that closed on Tuesday (May 25).
The highest bid of $381.38 million, or nearly $1,118 per sq ft per plot ratio (psf ppr), came from a 60:20:20 joint venture between UOL Group, Singapore Land Group and Kheong Leong Company.
AMO Residence is the highly anticipated new launch of 2022, the first new launch in the Ang Mo Kio area in the past 8 years.
Located in central, strategic location, the land plot on which AMO Residence sits is along Ang Mo Kio Ave 1, launched under the GLS (Government Land Sales) programme and hotly contested.
AMO Residence will have 370 units, in 2 blocks of 24 and 25 storeys and decked out with full condo facilities.
The land plot for AMO Residence was sold on June 2021 for $381 million, to United Venture Development, which is a joint venture between UOL Group, Singapore Land Group and Kheng Leong.
These are renowned, award-winning developers who have been creating high quality real estate projects across residential and commercial domains.
AMO Residence is located conveniently within walking distance to 2 MRT Stations along the Thomson East Coast Line: Mayflower MRT to the North and Bright Hill MRT to the South, which also happens to be an interchange with the Cross Island Line.
The Thomson East Coast Line affords a unparalleled degree of convenience: from Brighthill MRT, it is only a further 7 stops to Orchard MRT.
The AMO Residence showflat is located directly on site, along Ang Mo Kio Ave 1.
Showflat visits are by appointment, do secure a timeslot before heading over.