22/06/2022
25 May 2021【AMK Ave 1 site draws 15 bids; top bid of $1,118 PSF】
..the top bid of $381.38 million ($1,118 psf per plot ratio) was submitted by United Venture Development, a 60:20:20 joint venture (JV) between UOL Group, Singapore Land Group, and Kheng Leong.
“This optimistic top bid comes in above expectations, and at $1,118 psf ppr, the possible selling price for the residential units here when ready to launch could start from $2,000 psf to $2,100 psf,” says Leonard Tay, head of research at Knight Frank Singapore.
Adapted from EdgeProp article by Timothy Tay
The site at Ang Mo Kio Avenue 1 attracted 15 bids and the top bid of $381.38 million ($1,118 psf per plot ratio).
