Ang Mo Kio Avenue 1
AwardedResidential. URA sale site, built as AMO Residence.
S$381,381,000
S$12,031.33 psm GFA, about S$1,118 psf ppr (derived). Awarded 2 June 2021 to United Venture Development (2021) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited / Kheng Leong Company (Private) Limited (joint venture)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Ang Mo Kio Avenue 1 | Residential | 12,679.4 m² | 31,699 m² | 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$12,031.33) |
As listed at the close of 25 May 2021 (ura-pr21-14), with the outcome the award of 2 June 2021 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 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 | S$1,118 | Awarded |
| 2 | Titus Residential SG Pte. Ltd. | S$358,888,000 | S$11,321.75 | S$1,052 | Unsuccessful |
| 3 | Far East Civil Engineering (Pte.) Limited, parent: Far East Organization, Fortune Harmony Limited and Sekisui House, Ltd. | S$353,333,333 | S$11,146.51 | S$1,036 | Unsuccessful |
| 4 | Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd, parent: Sunway Berhad and Oriental Worldwide Investments Inc | S$335,900,000 | S$10,596.55 | S$984 | Unsuccessful |
| 5 | GLL C Pte. Ltd. | S$334,802,225 | S$10,561.92 | S$981 | Unsuccessful |
| 6 | CEL Development Pte. Ltd., parent: Chip Eng Seng Corporation Ltd, Sing-Haiyi Treasure Pte. Ltd. and Chuan Investments Pte. Ltd. | S$331,888,888 | S$10,470.01 | S$973 | Unsuccessful |
| 7 | Winrich Investment Pte. Ltd., parent: Wing Tai Holdings Limited | S$328,688,888 | S$10,369.06 | S$963 | Unsuccessful |
| 8 | Siong Feng Development Pte Ltd and Ultra Infinity Pte Ltd | S$325,888,889 | S$10,280.73 | S$955 | Unsuccessful |
| 9 | Grand Cullinan Pte. Ltd. | S$325,188,188 | S$10,258.63 | S$953 | Unsuccessful |
| 10 | EL Development Pte Ltd | S$315,800,000 | S$9,962.46 | S$926 | Unsuccessful |
| 11 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$314,500,000 | S$9,921.45 | S$922 | Unsuccessful |
| 12 | Sing Holdings Residential Pte. Ltd. and Cedar Investments Pte. Ltd. | S$307,500,000 | S$9,700.62 | S$901 | Unsuccessful |
| 13 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited | S$305,100,000 | S$9,624.91 | S$894 | Unsuccessful |
| 14 | SL Capital (7) Pte. Ltd. | S$303,999,000 | S$9,590.18 | S$891 | Unsuccessful |
| 15 | Japura Development Pte Ltd | S$248,535,000 | S$7,840.47 | S$728 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
2 June 2021
AwardedAward of tender for URA site at Ang Mo Kio Avenue 1
Awarded to
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$1,118 psf ppr).
Read the press releaseHide the press releaseura-pr21-16
The Urban Redevelopment Authority (URA) has awarded the tender for the site at Ang Mo Kio Avenue 1 to United Venture Development (2021) Pte. Ltd.
The company submitted the highest bid in the tender for the site.
The site at Ang Mo Kio Avenue 1 was launched for tender on 26 November 2020. The tender for the site closed on 25 May 2021. The land parcel was offered for sale on 99-year lease term.
Details of the awarded land parcel and the successful tenderer are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($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) |
25 May 2021
Tender closedTender closing for URA sale site at Ang Mo Kio Avenue 1
15 bids disclosed
Highest S$381,381,000 (S$12,031.33 psm GFA) from United Venture Development (2021) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited / Kheng Leong Company (Private) Limited (joint venture)
Read the press releaseHide the press releaseura-pr21-14
The Urban Redevelopment Authority (URA) closed tender for the site at Ang Mo Kio Avenue 1 today.
The public tender for the site at Ang Mo Kio Avenue 1 was launched on 26 November 2020.
Please see Annex A for details of the site and tender bids received.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, tender closed[ura-pr21-14/pr21-14a.pdf]
- Site area
- 12,679.4 sqm[ura-pr21-14/pr21-14a.pdf]
- Maximum GFA
- 31,699 sqm[ura-pr21-14/pr21-14a.pdf]
- Facts as stated on
- 25 May 2021
The market when bids closed
When bids closed on 25 May 2021, URA's latest quarterly figures were for 1Q2021, published 23 April 2021, 32 days earlier. The next release, 2Q2021, came on 23 July 2021. The table carries on through four releases after it.
| Private residential | 4Q2020Jan 2021 | On the day1Q2021Apr 2021 | 2Q2021Jul 2021 | 3Q2021Oct 2021 | 4Q2021Jan 2022 | 1Q2022Apr 2022 | Trend | Change1Q2021 to 1Q2022 |
|---|---|---|---|---|---|---|---|---|
| Prices | ||||||||
| Private home price index | 157.0 | 162.2 | 163.5 | 165.3 | 173.6 | 174.8 | +7.8% | |
| Non-landed, core central region | 133.6 | 134.3 | 135.8 | 135.1 | 138.7 | 138.6 | +3.2% | |
| Private rental index | 103.9 | 106.2 | 109.3 | 111.3 | 114.2 | 119.0 | +12.1% | |
| Sales | ||||||||
| New homes sold by developers | 2,603 | 3,493 | 2,966 | 3,550 | 3,018 | 1,825 | −47.8% | |
| Resales | 4,249 | 4,519 | 5,333 | 5,362 | 4,748 | 3,377 | −25.3% | |
| Sub-sales | 77 | 88 | 150 | 171 | 159 | 141 | +60.2% | |
| Units launched | 3,147 | 3,716 | 2,356 | 2,149 | 2,275 | 613 | −83.5% | |
| Supply | ||||||||
| Unsold, uncompleted, with planning approval | 24,296 | 21,602 | 19,384 | 17,140 | 14,154 | 14,087 | −34.8% | |
| Pipeline with planning approval | 49,307 | 48,139 | 47,097 | 47,715 | 46,276 | 47,415 | −1.5% | |
| Vacancy rate | 7.0% | 6.4% | 6.3% | 6.4% | 6.0% | 5.3% | −1.1 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 25 May 2021
Tender closing for URA sale site at Ang Mo Kio Avenue 1
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 33945834959fc3a13147ba789d8f18287b6637e44547aa837f54c11f59dad677
- Size
- 424,638 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:48 UTC
- Prevo reference
- ura-pr21-14
- AnnexPublished 25 May 2021
Annex A to Tender closing for URA sale site at Ang Mo Kio Avenue 1
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 745ea32436ae6b202e55afd25d8d073da8734aeaa0652e424bbb1291d77eb37c
- Size
- 31,680 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:48 UTC
- Prevo reference
- ura-pr21-14/pr21-14a.pdf
- Press releasePublished 2 June 2021
Award of tender for URA site at Ang Mo Kio Avenue 1
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 3496c4d947aef903ccca925a41789a46c1516736c63ac97511498528bcb90c70
- Size
- 448,878 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-16