The first executive condo (EC) site at Tengah and a condo site (AMO Residence) at Ang Mo Kio were launched for sale on Thursday (Nov 26) under the second half of the 2020 government land sales (GLS) programme.

Both residential sites are on the GLS programme’s confirmed list, which was released in June.

The two sites combined can yield about 985 residential units, although the actual number may vary depending on the developers, said the Urban Redevelopment Authority (URA) and the Housing Board (HDB) on Thursday.

The Tengah parcel at Tengah Garden Walk – a road that has yet to be built – has a site area of around 22,020 sq m and a maximum Gross Floor Area (GFA) of 61,659 sq m. The 99-year leasehold site is expected to yield some 615 EC units.

Located next to the upcoming Garden Vines @ Tengah Build-To-Order (BTO) project, it will be the first EC housing project in the “forest town” of Tengah.

JLL senior director of research and consultancy Ong Teck Hui said developers are likely to view the EC market “favourably”, as there are only four EC projects in the launch pipeline and demand could pick up under better market conditions next year.

“While the Tengah plot is in a relatively less developed area, it could be in fair demand due to the lack of new EC projects in the west and could offer first-mover advantage to the successful bidder,” said Mr Ong.

He noted that the last time an EC site was sold in the area was the Sol Acres parcel in Choa Chu Kang in March 2014.

ERA Realty’s head of research and consultancy Nicholas Mak estimated that the site could attract six to nine bids, with the top bid varying from $331.8 million to $352 million, which translates to $500 to $530 per sq ft per plot ratio (psf ppr).

Things you want to know more about AMO Residence at Ang Mo Kio Ave 1 Singapore.

• Brochure
• Showflat Viewing / ZOOM
• Location
• Price PSF
• Developer Sale
• Floor Plan
• VIP Preview

Showflat and Brochure CLICK HERE