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Urban Redevelopment Authority (URA)
Press Releases

Award of tender for URA site at Ang Mo Kio Avenue 1

2 June 2021

The Urban Redevelopment Authority (URA) has awarded the tender for the site at Ang Mo Kio Avenue 1 to United Venture Development (2021) Pte. Ltd.

The company submitted the highest bid in the tender for the site.

The site at Ang Mo Kio Avenue 1 was launched for tender on 26 November 2020. The tender for the site closed on 25 May 2021. The land parcel was offered for sale on 99-year lease term. 

Details of the awarded land parcel and the successful tenderer are provided below:


LOCATION

ALLOWABLE
DEVELOPMENT

SITE AREA

MAXIMUM
PERMISSIBLE
GROSS FLOOR AREA
(GFA)

SUCCESSFUL
TENDERER

TENDERED
PRICE
($PSM of GFA)

Ang Mo Kio Avenue 1

Residential

12,679.4 m2

31,699 m2

United Venture Development (2021) Pte. Ltd.

$381,381,000

($12,031.33)

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