2 June 2021 · ura-pr21-16 · Urban Redevelopment Authority

Award of tender for URA site at Ang Mo Kio Avenue 1

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Ang Mo Kio Avenue 1 to United Venture Development (2021) Pte. Ltd.

The company submitted the highest bid in the tender for the site.

The site at Ang Mo Kio Avenue 1 was launched for tender on 26 November 2020. The tender for the site closed on 25 May 2021. The land parcel was offered for sale on 99-year lease term.

Details of the awarded land parcel and the successful tenderer are provided below:

LOCATION	ALLOWABLE DEVELOPMENT	SITE AREA	MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)	SUCCESSFUL TENDERER	TENDERED PRICE ($PSM of GFA)
Ang Mo Kio Avenue 1	Residential	12,679.4 m2	31,699 m2	United Venture Development (2021) Pte. Ltd.	$381,381,000($12,031.33)

Text as retrieved 18 September 2026 from the Urban Redevelopment Authority release ura-pr21-16, sha256 3496c4d947ae. Site chrome removed; headings, lists and tables kept.

Awards in this release

Ang Mo Kio Avenue 1

United Venture Development (2021) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited / Kheng Leong Company (Private) Limited (joint venture): S$381,381,000 (S$12,031.33 psm GFA, about S$1,118 psf ppr derived).

Rank 1 of the bids disclosed at the close of 25 May 2021 (ura-pr21-14). The award references that bid; it does not restate it.

Documents

Press releasePublished 2 June 2021
Award of tender for URA site at Ang Mo Kio Avenue 1
Urban Redevelopment Authority · Retrieved 18 September 2026
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