05/04/2022
The Government Land Sales (GLS) tender for the site at Ang Mo Kio Avenue 1 closed on the 25th of May, 2021. With UOL Group Limited, Singapore Land Group Limited and Kheng Leong Company submitting the highest bid of $381.4 million or $1,118 psf ppr.
UOL Chief Investment and Asset Officer Jesline Goh has revealed plans to develop the site into “a 24/25 storey project of more than 370 units that will enjoy unblocked views of the Bishan-Ang Mo Kio Park, Lower Peirce Reservoir Park and Shangri-la Park landed housing estate.”
https://www.propertyguru.com.sg/property-management-news/2021/5/198728/ang-mo-kio-residential-site-attracts-15-bids
A 60:20:20 joint venture between UOL Group Limited, Singapore Land Group Limited and Kheng Leong Company submitted the highest bid of $381.4 million or $1,118 psf ppr.