United Venture Development (2021) Private Limited
The Urban Redevelopment Authority (URA) has awarded the tender for a private housing site in Ang Mo Kio Avenue 1 to United Venture Development (2021) for $381.4 million, or $12,031 per sq m of gross floor area.
United Venture Development (2021) is a 60:20:20 joint venture between UOL Group, Singapore Land Group and Kheng Leong Company. It had submitted the highest bid in the tender for the site, said URA on Wednesday (June 2).
Sitting on a plot area of 12,679.4 sq m opposite Bishan-Ang Mo Kio Park, the land parcel was offered for sale on a 99-year lease term.
It was up for tender from Nov 26, 2020, to May 25, 2021, and drew 15 bids, including offers from Far East Organization, Sino Group and Sekisui House.
The winning bid was 6.3 per cent higher than the second-highest bid of $358.89 million from Titus Residential SG, a tie-up between City Developments and MCL Land.
UOL Group was founded in 1963, is one of the top public listed property companies in Singapore.
With more than 30 years of strong presence in both local and overseas market. UOL has constantly developing and managing shopping malls, Residential Properties, Office Towers and Hotels.
UOL is determined to build iconic buildings of its own class and distinction as we believe we should go beyond providing a luxury living environment. Some of our past portfolio include Archipelago, Avenue South Residence, Clement Canopy, Meyer House, Riverbank @ Fernvale, The Tre Ver, Principal Garden and many other more.
UOL continuous efforts and contributions to the industry has won numerous worldwide recognized awards like Aga Khan Award for architecture, FIABCI Prix d’Excellence Award, President’s Design Award and Urban Land Institute Awards for Excellence.
Singapore Land Group Limited, formerly known as United Industrial Corporation Limited, is a leading real estate company listed since 1971. Singland Diversified portfolio comprises of commercial investment properties, residential development properties, hotels and IT services.
UIC was also founded in 1963 and thereafter public listed in 1971. The group’s main business is property development and investment. UIC has become one of the largest property developer in Singapore after the acquisition of Singapore Land Limited in 1990.
We have strong presence in various parts of China, Malaysia and in UK London.
Our Singapore’s portfolio includes Mon Jervois, V On Shenton and The Clement Canopy.
Kheng Leong Company Private Limited was incorporated in 1949, they have kept up to the pace over the years by evolving as an investment group with interests in property development and real estate investment. One of their many awards over their years of experience was bestowed upon them during 2012 when they are announced as the “2012 Winner of the BCA Excellence Award”.
Our Singapore’s portfolio includes Meyer House, 15 Holland Hill, Avenue South Residence and Park Eleven.
Our past and present magnificent track records are Archipelago, Avenue South Residence, Clement Canopy, Meyer House, Riverbank @ Fernvale, The Tre Ver, Principal Garden and many other more. Both homeowners and investors of AMO Residences Singapore can look forward to the developer‘s quality finishes and top notch appliances provided for this condominium.
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