Land parcels in Ang Mo Kio and Kembangan earmarked as residential use
As the Urban Redevelopment Authority plans to rezone these land parcels for residential use, more homes will be built in Ang Mo Kio.
A plot on Ang Mo Kio Avenue 2 will be rezoned for residential use with a gross ratio of 3.5.
The former Kebun Baru primary school currently occupies the 18,203.6-square-metre land. URA announced on Friday (19 Jan) that the site will be used for future residential developments with high density.
The Ang Mo Kio location is close to the CHIJ St Nicholas Girls’ School and Mayflower MRT Station. Analysts estimate that the site could produce between 600 and 725 condominium units if it were set aside as private housing.
AMO Residence is developing Ang Mo Kio Avenue 1, the last Government Land Sales Site sold in the area.
We expect strong interest in the area from homebuyers following the successful launch of AMO Residence, in July 2022. The launch was a success, with 98 percent of units sold on launch day, at a price of $2.110 per square feet.
If the site were to be used for public housing it would probably fall under the Plus category due to its proximity the MRT.
Central Weave at AMK, the last Build-to-Order project in Ang Mo Kio, was completed in August 2022. The 896 BTO apartments received 12,620 applications – a 14-fold increase in demand.
URA announced earlier this month plans to increase the plot ratio for land parcels on Jalan Kembangan, from 2.5 to 3.
URA stated that the proposed amendments would facilitate a future residential development which will include a new neighborhood park, as well as commercial, recreational and leisure amenities.
If the site is used for the construction of HDB flats, given the location near Kembangan’s MRT station, the HDB flats could fall into the Plus category. She added that there could be more than 400 flats on the site.
There is a good chance that it will be sold as Plus BTO apartments to offer a variety of housing options, since there are few public housing units in the Kembangan region.
There is a pent-up need for public housing in Lengkong Tiga, as the nearby HDB flats were built in late 1980s.
Prices in this area can be predicted by the HDB BTO launch of Chai Chee Green HDB in December 2023. Prices for five-room flats in Chai Chee were between S$569,000 to S$725,000.
