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.