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UOL-led JV wins tender for Ang Mo Kio Ave 1 residential site from Urban Redevelopment Authority

Atiqah Mokhtar
Atiqah Mokhtar6/2/2021 5:32 PM GMT+08  • 1 min read
UOL-led JV wins tender for Ang Mo Kio Ave 1 residential site from Urban Redevelopment Authority
The tender was awarded to a joint venture between UOL Group, Singapore Land Group and Kheng Leong Company.
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UOL Group has announced that its subsidiary United Venture Development (2021) (UVD2021) has been awarded the tender for the residential site at Ang Mo Kio Avenue 1 by the Urban Redevelopment Authority (URA) at a tender price of $381.4 million.

UVD2021 is a 60:20:20 joint venture between UOL Group, Singapore Land Group and Kheng Leong Company.

The Ang Mo Kio Avenue 1 site has a leasehold tenure of 99 years. It has a total site area of 136,479 square feet, with a gross ratio of 2.5.

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