| Type | Sqft | Price Min. | Price Max. |
|---|---|---|---|
| 2 Bedroom | 614 to 678 | - | - |
| 2 Bedroom Premium | 743 | - | - |
| 3 Bedroom | 958 | - | - |
| 3 Bedroom + Study | 1,044 | - | - |
| 3 Bedroom Premium + Study | 1,141 to 1,367 | - | - |
| 4 Bedroom | 1,292 | - | - |
| 5 Bedroom | 1,475 | - | - |
| Penthouse | 2,293 to 2,497 | - | - |
The acquisition price works out to a land rate of close to S$1118 per square foot per plot ratio (psf ppr).
Based on the land price rate, the breakeven price is between $1400-1600. Adding in marketing, legal and misc costs, we expect the development to price at a selling price of $1900-$2100psf.
The above estimates are based on best effort basis and historical trends and expected construction costs, land costs, marketing costs, and profit margins. The eventual selling price may differ albeit not expected to a large extent. Once an indicative price has been worked out, all registered buyers will be informed.
Get in touch with our developer team to get direct developer prices and exclusive discounts.
United Venture Development, a 60:20:20 joint venture (JV) between UOL Group, Singapore Land Group, and Kheng Leong, submitted the highest bid of $381.38 million ($1,118 psf per plot ratio) for the site at Ang Mo Kio Avenue 1.
The JV partners said they plan to build a 24- or 25-story tower with over 370 units, taking advantage of the unobstructed views of Bishan-Ang Mo Kio Park and Lower Pierce Reservoir Park. "Given that Avenue South Residence and Clavon are both over 65 percent and 80 percent sold, it's a timely replenishment for our landbank," says Jesline Goh, UOL's chief investment and asset officer.
Analysts say the new project may be launched at between $1,900 and $2,100 psf.
