What is the Indicative Selling Price of Amo Residence?
At the government land sale (GLS) for the Amo Residence's site in May 2021, the joint venture between UOL Group, Singapore Land Group and Kheng Leong Company bested 14 other property developers by submitting a winning bid of $381.38 million in the hotly contested tender. This works out to a land rate of nearly $1,118 per sq ft per plot ratio (psf ppr). This works out to a land rate of nearly $1,118 per sq ft per plot ratio (psf ppr). Hence, Amo Residence is likely to be launched at an average price of $2,000 psf to $2,100 psf, with the lowest starting from $1,890 psf.
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