Land parcels in Ang Mo Kio Kembangan earmarked residential use
Ang Mo Kio is located near the CHIJ St Nicholas Girls’ School. Mayflower MRT station is also a short distance away. Analysts predict that the site would yield between 600 to 750 condominiums if it was set aside for private housing.The Urban Redevelopment Authority is planning to rezone the land parcels in Ang Mo Kio, Kembangan for residential purposes.
The HDB BTO Chai Chee Green launch in December 2020 can give a good indication of prices for this area. The price of five-room apartments at Chaichee Green ranged from S$569,000 up to S$725,000.
The gross plot ratio for one plot along Ang Mo Kio Avenue 2 has been increased to 3.5. On the 18203.6 square metres of land, there is currently the former Kebun Baru Elementary School. URA revealed on Friday, January 19, that future high-density housing developments are planned for the site.
AMO Residence, the latest development on Ang Mo Kio Avenue 1 is currently being built. After the successful launch in July of AMO Residence 2022 where 98 per cent of homes were sold at a median of $2,110 a square foot on launch day, we anticipate strong interest among homebuyers.
The site would most likely fall into the Plus category if it were offered as public housing due to its proximity to MRT. Central Weave@AMK was the last Build-to-Order (BTO), project in Ang Mo Kio in August 2022. It was oversubscribed – 12620 applications were received for 896 BTO units, a rate of 14.
URA has also announced that it will increase the ratio of plots along Jalan Kembangan to 3.2 from 2.5. URA has said that the amendments proposed will help facilitate a residential development in the future, which will include commercial and recreational facilities, a new park for the neighbourhood, as well.
The site could be used to build HDB (Housing and Development Board) flats. This is because it’s located near the Kembangan station MRT. She said that the site could have over 400 flats. As there is only limited public housing available in Kembangan, we think it is likely that the flats will be offered under Plus BTO. As the HDB flats near Lengkong Tiga in Singapore were constructed in the late 80s, there is an unmet demand for housing.