Home 99 Years Leasehold Ang Mo Kio Avenue 1 New Condo Development – Coming Soon

Ang Mo Kio Avenue 1 New Condo Development – Coming Soon

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amk ave 1 gls condo pic
The site at Ang Mo Kio Avenue 1, which is designated for condominium development, measures 136,480 sqft, with a maximum gross floor area (GFA) of 341,205 sqft. It is the latest GLS site in the Ang Mo Kio area in six years.
 
The previous GLS site was the Lorong Puntong site, where Thomson Impressions now is, which was awarded in October 2014 for $173.6 million or $731 psf per plot ratio (ppr). Before that, the Ang Mo Kio Avenue 2/Ang Mo Kio Street 13 site, which was later developed as The Panorama, was successfully tendered for $550 million ($790 psf ppr) in January 2013.
 
Apart from being in a mature town and an established residential area, the plot is also near the upcoming Mayflower MRT Station on the Thomson-East Coast Line, which is estimated to be ready around 2021.

Ang Mo Kio Avenue 1 Project Information

Developer

United Venture Development Pte Ltd

Address

Ang Mo Kio Avenue 1

Land Tenure

99 Years

Site Area

341,205 sqft

Total Units

370 units

Project TOP

To be Confirmed

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Ang Mo Kio Avenue 1 Image Gallery

Unit Types

To Be Announced

What are the steps in acquiring the new launch property?

Step 1
The Buyer books a viewing slot through the appointed salesperson to view the new launch. After viewing, The Buyer shows interest by signing an Express of Interest (EOI) Form and submitting a cheque (crossed & made payable to project account) to select and purchase a unit on Booking Day (Price will only be released on the Booking Day). The cheque will be returned if the buyer decides to not book a unit.

Step 2
Upon securing a unit, the Buyer will sign the Particular, Documents & Information (PDI Form 3), submit 5% booking fee (cheque/cashier order), NRIC/Passport copy & other required forms by the developer prior to issuing Option to Purchase (OTP).

Step 3
Within 2 weeks from the OTP date, the Buyer or their appointed lawyer will receive Sales & Purchase Agreement and a copy of the Title Deed form from the developer’s lawyer.

Step 4
Within 3 weeks from the receipt of S&P, the Buyer exercises OTP by signing the Sales & Purchase Agreement and return the signed copies to the developer’s lawyer.

Step 5
Within 2 weeks after signing the S&P, the Buyer pays Stamp Duty (and ABSD if applicable).

Step 6
Within 8 weeks from the OTP date, the Buyer pays 15% and other progressive payments due.

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Amenities

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United Venture Development (2021)

United Venture Development (2021) is a 60:20:20 joint venture between UOL Group, Singapore Land Group and Kheng Leong Company.

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