UOL Group, Singapore Land group, and Kheong Leong Company have won the highly anticipated AMO Residence against 14 other bidders back in May 2021. The name of this development is captivating- it also has a Spanish word, ‘amo’ which means love. This speaks volumes about its target audience: young families looking for their next investment opportunity! Continue to read as we explore the amenities and features of the AMO Residence new launch that will appeal to young families and investors.
Additionally, we compare AMO Residence with other private property options in the OCR.
AMO residence is a great place to call home if you want the outdoors and family-friendly activities. Not only are there schools nearby, but residents also have plenty of opportunities for outdoor adventures like hiking with friends or alone! And once they’re done exploring nature, they can go on an adventure somewhere else around town – what more could anyone ask from life?
Schools at AMO Residence New Launch
The primary schools within 1km of the AMO Residence area are CHIJ St. Nicholas Girls’ School, Ai Tong School, and Ang Mo Kio Primary School.
While all these schools have great reputations for providing excellent education opportunities, some are more popular than others! For example, within 1-2 kilometers from AMO Residence, you’ll find Catholic High School and Anderson Primary Schools just among others.
Other schools that can be found around AMO Residence are such as:
- Teck Ghee Primary School
- Mayflower Primary School
- Jing Shan Primary School
When you opt to have your child go through school nearby, it means less time spent in traffic and no more worries about how they’ll get there on time. Of course, the most important thing for parents is providing them with good education so that their children can succeed!
The AMO Residence is a great place for young parents. The TOP might come in four or five years’ time but it’s worth the wait because this area has everything you need with spacious living spaces. There is also childcare nearby and a playground called “Shangri La Playground”.
Parks Nearby AMO Residence New Launch
AMO Residence provides an ideal, safe space for families. It’s close to Bishan-Ang Mo Kio Park and also Lower Peirce Reservoir! A fun fact about the name ‘Amo’ is it means “fish hook” in Italian, but don’t let yourself get distracted from what really matters – fishing isn’t allowed anywhere near these areas!
Accessibility of AMO Residence New Launch
AMO Residence is a dream location for those who want accessibility and convenience. It’s only five minutes from Mayflower MRT station, or you can take the new Thomson-East Coast Line!
The AMO Residence is a great place for young families, with the added bonus that your parents will be right next door! It also offers an opportunity to make some extra money by renting out their knowledge of this popular location.
Amo Residence New Launch Units
AMO Residence offers 45 units for four bedders and 22 units with five bedrooms. This accounts for 18% of its 372 total unit inventory, which is a perfect accommodation if you’re looking to have space! We all know how expensive it can be to buy your first home, but with smaller family sizes comes the possibility that some people might just want an affordable option. With 118 units in 3-Bedders which make up approximately 32% of all AMO Residence’s available at this location!
Comparisons with other OCR
The AMO Residence is a spacious and well-designed building with an unusual price for OCR. It is also an incredible option for those who want to live close enough that they can commute without too much hassle. AMO Residence is located in D20 (OCR), with a land cost of $1,118 psf ppr. It’s only slightly more expensive than usual due to its closeness to amenities available nearby!
The AMO Residence is set to hit the market with an average cost of around $1,800 – $2,000. With construction costs and profit margins accounted for buyers can expect this location will be reasonable despite being on the higher side.
The new development is set to be a hot spot for those who want the best of both worlds. The price range has not yet been finalized but PropertyGuru estimates it could fall between $795,000 – $3,084,900 and a psf range of $1,327 – $2,200.
North Gaia (Another new launch)
North Gaia is a new OCR launch that might be attracting attention, which can be found in D27 (OCR). With an asking price of $1,140,000 to $1,999,000, and psf ranging from $1,176 to $1,395, 27% has been sold. It is lower than AMO Residence but the disadvantage is that it is further from Central Singapore.
With the recent changes in market conditions, it is more important than ever for real estate investors to know their investing basics. AMO Residence has a strong location and we expect them not only to perform well over time but also to gain value as cities grow around us!
Affordability numbers might seem high but they consider it a good estimate to not bite off more than you can chew. Risk management should always come first when making financial decisions so as much risk from unexpected events is included with your calculations for the future!
With its amazing amenities and location, the AMO Residence is an excellent choice for young families. This property will make you feel at home with everything that it has to offer! And if we may say so ourselves- you should invest now before prices go even higher? We hope that this article has helped you in some way with the AMO Residence new launch. If there is anything else, please feel free to contact us and read our other articles on the website!