AMO Residence to open for preview on July 9; prices from $1,890 psf

by Albert02

AMO Residence to open for preview on July 9; prices from $1,890 psf

AMO Residence to open for preview on July 9; prices from $1,890 psf. AMO Residence, a 372-unit development off Ang Mo Kio Avenue 1, will open for preview on July 9 and sales will begin on July 23. The project is the first major private residential development in the Ang Mo Kio estate in over eight years. “We are delighted to launch AMO Residence in a well-developed mature housing estate that has all the modern comforts and amenities while retaining its own distinct character and charm,” says Jesline Goh, chief investment and asset officer at UOL.

UOL Group, Singapore Land Group (SingLand), and Kheng Leong Co. have partnered to create AMO Residence. The 99-year leasehold project will include two 25-story towers with two- to five-bedroom units ranging in size from 614 square feet to 1,475 square feet. There are three penthouses with sizes ranging from 2,293 to 2,497 square feet. The project is scheduled to be finished in 2026.

The two- and three-bedroom units make up more than 80% of the development’s 300 units. Meanwhile, private lifts will be installed in the four- and five-bedroom units. The condo has a 50m infinity lap pool, a spa pool, an outdoor fitness station and gymnasium, a yoga pad, and gourmet dining pavilions for private parties. According to UOL Group CEO Liam Wee Sin, the project provides a “immersive lifestyle experience,” owing to its proximity to parks and reservoirs, location within the mature Ang Mo Kio estate, and the versatility of the development’s units that cater to a work-from-home lifestyle.

According to UOL, the units start at $1,890 psf. A two-bedroom unit starts at $1.26 million, followed by a $1.81 million three-bedroom unit, a $2.48 million four-bedroom unit, and a $2.85 million five-bedroom unit. Mayflower MRT Station on the Thomson-East Coast Line is a five-minute walk away, as is Bright Hill MRT Interchange on the future Cross Island Line. According to UOL’s Goh, the development will appeal to homebuyers. “AMO Residence is likely to attract owner-occupiers due to a limited supply of new developments in the Outside Central Region, as well as the availability of units at an appealing price quantum,” she says.

The preview of AMO Residence comes nearly a year after UOL’s previous launch, the 448-unit The Watergardens at Canberra. Previously, it had launched the 640-unit Clavon in Clementi in December 2020, as well as the 1,074-unit Avenue South Residence on Silat Avenue, off Kampong Bahru Road, in September 2019. All of the group’s current projects, according to CEO Liam, “have been selling with a healthy momentum,” noting that Clavon was sold out in June.

Meanwhile, the developer’s landbank has been updated. Apart from purchasing Watten Estate Condominium in Bukit Timah through a joint venture with Singapore Land last October for $550.8 million, the two companies also purchased the Pine Grove (Parcel A) Government Land Sale site earlier this month for $671.5 million ($1,318 psf per plot ratio). “A common theme among our land purchases is that they are all near popular schools,” Liam says.

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Source: https://www.edgeprop.sg/property-news/amo-residence-open-preview-july-9-prices-start-1890-psf


 
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