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

/ EdgeProp Singapore |

July 7, 2022 4:22 PM SGT

AMO Residence is a 372-unit development with two 25-storey towers that offer unblocked views of the surrounding area (Picture: UOL Group)

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SINGAPORE (EDGEPROP) - AMO Residence, a 372-unit development located at Ang Mo Kio Rise, off Ang Mo Kio Avenue 1, will open for preview on July 9 with sales starting from July 23. The launch marks the first major private residential project in the Ang Mo Kio estate in more than eight years.

“We are delighted to launch AMO Residence in a well-developed mature housing estate that has all the modern comforts and amenities, yet retains its own distinct character and charm,” says Jesline Goh, UOL chief investment and asset officer.

AMO Residence is a 60:20:20 joint development by UOL Group, Singapore Land Group (SingLand) and Kheng Leong Co. Comprising two 25-storey towers, the 99-year leasehold development will consist of two- to five-bedroom units ranging from 614 sq ft to 1,475 sq ft. There are also three penthouses measuring between 2,293 and 2,497 sq ft. The development is slated for completion in 2026.

Over 80% or 300 units at the development comprise the two- and three-bedders. Meanwhile, the four- and five-bedroom units will have private lifts. Facilities at the condo include a 50m infinity lap pool, spa pool, outdoor fitness station and gymnasium, yoga pad, and gourmet dining pavilions for hosting private parties.

UOL Group CEO Liam Wee Sin notes that the project offers an “immersive lifestyle experience”, underpinned by its proximity to parks and reservoirs, its 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, prices for the units start from $1,890 psf. A two-bedroom unit starts from $1.26 million; a three-bedroom unit is from $1.81 million; a four-bedroom unit is from $2.48 million; and a five-bedroom unit is from $2.85 million.

AMO Residence is located within a five-minute walk to Mayflower MRT Station on the Thomson-East Coast Line and one stop to Bright Hill MRT Interchange on the future Cross Island Line.

UOL’s Goh believes the development will attract buyers looking for a home. “AMO Residence is likely to attract owner-occupiers due to the limited supply of new developments in the Outside Central Region, as well as the availability of units at an attractive price quantum,” she explains.

AMO Residence’s preview comes about a year after UOL’s previous launch, the 448-unit The Watergardens at Canberra. Prior to that, it had launched the 640-unit Clavon, located in Clementi, in December 2020, while the 1,074-unit Avenue South Residence at Silat Avenue, off Kampong Bahru Road, was launched in September 2019.

CEO Liam states that all of the group’s current projects “have been selling with a healthy momentum”, noting that Clavon was sold out in June.

Meanwhile, the developer has also refreshed its landbank. Besides acquiring Watten Estate Condominium in Bukit Timah through a joint venture with Singapore Land for $550.8 million last October, the two companies jointly acquired the Pine Grove (Parcel A) Government Land Sale site early last month for $671.5 million ($1,318 psf per plot ratio). “The common theme among our land acquisitions is that they are all within proximity to popular schools,” says Liam.

Check out the latest listings near AMO Residence, Ang Mo Kio, The Watergardens at Canberra, Clavon, Avenue South Residence, Mayflower MRT Station, Bright Hill MRT Interchange

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

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