AMO Residence New Launch – Is It For You?
The highly anticipated AMO Residence has been won by UOL Group, Singapore Land Group, and Kheong Leong Company against 14 other bidders back in May 2021. The name of this development, ‘AMO Residence’ is captivating. It also has the word love in Spanish which speaks volumes about its target audience- young families and investors looking for their next investment opportunity! In this article, we explore the specific features of the AMO Residence new launch that will appeal to young families and investors.
Other than that, we compare AMO Residence with other private property options in the OCR.
Family-Friendly Amenities
AMO residence has a great location, with plenty of family-friendly features. There are primary schools nearby, and avenues for outdoor life experiences like hiking with friends & family members(or alone!). Besides, there’s an overall sense that this is a place where you can enjoy your time outside rather than being stuck inside all day long!
Schools
The three primary schools within 1km of the AMO Residence area are:
- CHIJ St. Nicholas Girls’ School
- Ai Tong School
- Ang Mo Kio Primary School
It is no secret to Singaporeans that while all these schools have great reputations for providing excellent education opportunities, some are more popular than others. The area around AMO Residence is home to many popular schools that parents might want their children enrolled in. Within 1-2 kilometers, we have Catholic High School and Anderson Primary Schools just among others!
Others are such as:
- Teck Ghee Primary School
- Mayflower Primary School
- Jing Shan Primary School
The decision to have your child attend school nearby is an important one. It means less time spent in traffic, and worrying about how they will get there on time. Of course, the most important thing for parents is to provide their children with good education and opportunity.
If you’re a parent or soon-to-be one, then AMO Residence is worth considering. The TOP might come in four to five years’ time and it will require forward planning. For these younger couples, it’s easy to take care of their children with all the amenities nearby. There is a child-care facility nearby and they also have an amazing playground called “Shangri La Playground”.
Parks Nearby
AMO Residence provides a serene, 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’s also Italian for “fish hook”. But don’t let yourself get distracted from what’s important- fishing isn’t allowed in any of these areas!
Accessibility of AMO Residence New Launch
AMO Residence will be conveniently located near public transport, with the new Mayflower MRT station and Bright Hill MRT station (Thomson-East Coast Line). It’s only a 5-minute walk from there! The completion of the Thomson-East Coast Line would make AMO Residence a dream location for those who want accessibility and convenience.
The AMO Residence seems to be a great property for young families. If you have parents who live in the same neighborhood, this could also work out very well! Additionally, it also provides an opportunity to profit from their knowledge that it is popular among younger residents!
Amo Residence New Launch Units
Four to five-bedroom apartments might find more demand from families that want the space and comfort of a home, but also have options for expanding their family. AMO Residence offers 45 units for 4-Bedders and 22 units for 5-Bedders. This accounts for 18% of each of its 372 total units. Smaller family sizes come with the possibility that some people might be looking for an affordable option. With 118 units in 3-Bedders, this makes up approximately 32% of all units in AMO Residence! It is definitely something worth considering if you’re seeking your first home!
Comparisons With Other OCR
We now look at the relative performance of AMO Residence and its district compared to other OCR options. The spacious and well-designed AMO Residence is located in D20 (OCR), with a land cost of $1,118 psf ppr. This may seem like an unusual price for OCR but it’s only slightly more expensive than usual due to its closeness to the amenities available nearby!
It is a reasonable price for this location despite being on the high side. With construction costs, logistics, and profit margins accounted for buyers can expect AMO Residence to hit the market with an average cost of around $1,800 – $2,000.
Prices for this new development are still under consideration and have not yet been finalized. However, PropertyGuru puts the range at $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 is in D27 (OCR). With an asking price of $1,140,000 to $1,999,000, and psf ranging from $1,176 to $1,395, it’s no wonder that only 27% have been sold so far! The psf and quantum range is lower than AMO Residence but at the same time, it’s more distant from central Singapore.
The current market conditions are a warning sign for those who want to invest in real estate. However, AMO Residence has a strong location and we expect it will perform well over the long term too!
The 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!
AMO Residence new launch is the perfect place for young families and expecting couples. Young people often find themselves in a stage of life where they’re looking to settle down, which makes this property an excellent choice! Not only does it have all sorts of amenities that you would need but we think our readers should consider investing in one of these properties soon! (Before prices go up even more).
We hope this article has helped you one way or the other. Do contact us if you have any questions and read our other articles on our website. If you’re interested, do check out this video to find out more about AMO residence and this video to find out more about the site plan and floor plan analysis!
Click here to find out more about AMO Residence: https://homestory.sg/upcoming-new-launch/amo-residence/