AMO Residence at Ang Mo Kio Avenue 1 by United Venture Development

The upcoming AMO Residence sits on a land 99-year lease and is anticipated to be developed with 370 luxury units. Urban Redevelopment Authority (URA) has granted a S$381.4 million or S$12,031 per square metre gross floor area tender to United Venture Development for private residential property at the location mentioned above.

Location of upcoming AMO Residence

United Venture Development is a joint venture between the UOL Group, the Singapore Land Group, and the Kheng Leong Company and was the top bidder in the tender. The land, which is 12,679.4 square metres and is located directly across from Bishan-Ang Mo Kio Park, was offered for sale with a 99-year lease. This is one of the better condominiums we’ve seen in years, and experts praised the land price.

AMO Residence is approximately 500 meters from the Thomson East Coast Line (TEL) Mayflower MRT Station. It aims to increase connectivity to the eastern half of Singapore while reducing commute time within the city. The project is also close to the AMK Hub shopping mall, the Ang Mo Kio MRT station and bus interchange.

Mayflower MRT is nearest to project

Mayflower MRT Station is part of the 2nd phase of the Thomson East Coast Line, which opened on 28 August 2021. The 2nd phase of the TEL line currently connects Caldecott MRT to Woodlands North MRT. When phase 3 opens tentatively in 2022, we can see the MRT line extending to Gardens by the Bay. With stage 3 of the line, future Ang Mo Kio Ave 1 condo residents can reach Orchard Road, Central Business District (CBD) and Marina Bay area with just a train ride. Thomson East Coast Line (TEL) trains will arrive at stations every five minutes during peak hours and nine minutes during off-peak hours.

When completed, the Thomson East Coast Line (TEL) will be 43 kilometres long and connects Woodlands North (TE1) to Sungei Bedok (TE31), passing Upper Thomson, Stevens, Orchard, Marina Bay, Tanjong Rhu and Marine Parade. TEL2 will be the name of the next six-station line, which will have two interchanges at the Caldecott Circle Line and Bright Hill, as well as a future island connection.

Suppose it is the final government-owned property in Ang Mo Kio in seven years. In that case, UOL Group expects great demand and wants to convert the site into a 24-to 25-story residential skyscraper with more than 370 residential units. According to the company, UOL plans to build a 24-to 25-story building with 370 residential units. Because this is the area’s first government-owned land auction in six years, the business anticipates strong interest in the project.

Recreational and educational amenities like Bishan Ang Mo Kio Park, Windsor Nature Park, Mayflower Secondary School, and Eunoia Junior College are located along the north and south corridors. The Ang Mo Kio Avenue 1 Condo is near Kebun Baru Landed Housing Estate and Shangri-La Park Landed Estate, both public housing estates.

Bishan Ang Mo Kio Park is just opposite of Ang Mo Kio Ave 1 condo

Mayflower Station, located on the Thomson East Coast Line (Level 2), will give future residents the best access to the Woodland Regional Center and the East Coast Central Business District. The forthcoming Mayflower MRT station, which will provide convenient access to the Cross Island Line and Bright Hill Interchange Station, is 400 meters away from the Ang Mo Kio Avenue 1 Condo. Residents may have to wait for another two to three years for a station.

At AMO Residence, about 370 new apartments are expected to be erected, luring new households to the region. Although there have been few new apartments erected in the neighbourhood in recent years, this project has piqued the curiosity of buyers, particularly HDB households in places such as Bishan looking to purchase a property. Another fantastic new private apartment development is located at 1 Ang Mo Kio Avenue, just minutes from the Thomson East Coast Line’s new Mayflower MRT Station.

This is one of the few developments that adhere to the most recent URA land and housing criteria. The business is well-known for its residential developments, including Principle Gardens, Ansley Avenue South Residences, Condo Hill Apartments, Eight Chuan Tudor, and Ten Eden. By the end of 2020, the government will have confirmed the sale of only two of these units on the GLS list.

It is 400 meters from the nearest MRT station on the Thomson East Coast Line (Mayflower), conveniently connecting the Cross Island Line and Bright Hill Interchange Stations. The Ang Mo Kio condominium is located on Avenue 1, 500 meters from the Ang Mo Kio MRT Station, which improves access to the city’s eastern sector and shortens commute times between the city and the state.

Covid-19 impact on Japan and Singapore’s property market

Despite the economic impact of the COVID-19 pandemic, the Japanese real estate market has remained stable. According to the Land Institute of Japan, the national house price index increased to 0.7 percent in inflation-adjusted terms in Q3 2020, up from 0.6 percent in 2019, 2.1 percent in 2018, and 2.4 percent in 2017.

While the legacy of the Great Recession continues to be felt globally, housing markets continue to suffer, and potential homeowners are feeling the pinch.

The Real Estate Economic Institute, a Tokyo think tank, said in July 2019 that the average guide price for a new apartment in Greater Tokyo was Y = 567.6 million.

According to a survey by the Global Property Guide, house prices in Japan increased by 0.8 percent year on year in 2020, a meager gain in comparison to other advanced nations, such as the United States, which increased by 10.3 percent.

As a result, while the housing market in Japan continues to rise marginally, real estate is transitioning from a deflationary to a growth asset.

Price in Japan increases

According to the Japan Real Estate Institute, urban housing prices nationwide increased by 0.4 percent in 2020, following a 0.6 percent increase in 2019.

The Greater Tokyo residential real estate market is predicted to maintain its current growth trajectory, with luxury apartment prices unlikely to dip in the near future.

Japan’s rising prices, openness to foreign investors, excellent architecture and homebuilding infrastructure, and increased resources for agencies acquiring akiya (abandoned, ultra-cheap homes) contribute to the country’s attractiveness to non-Japanese looking to invest in real estate, whether primary or secondary residences.

Influx of Buyers from nearby countries

China, Hong Kong, and Singapore provide a massive pool of investors interested in Tokyo’s luxury real estate market.

Chinese investors seeking to invest in Singapore real estate hit a record high in the second quarter of 2019, owing to China’s increased use of the Internet as a platform for overseas property acquisitions.

I believe this trend will continue through at least the first half of 2020. According to analysts, the increased number of Chinese purchasers in Singapore will have little effect on the local property market.

Yukihiko Ito, managing partner of Tokyo’s Asterisk Realty Placement Agency, anticipates that total Japanese real estate outflows will exceed US $10 billion (8.3 billion euros) in 2017, with 60-70 percent of the total coming from direct purchases and the remainder from investment in real estate funds.

Although less than a third of Japan’s large insurance companies have began investing in global real estate, ito predicts that by 2018, 70-80% of them would.

While real estate developers continue to target high-income expats and Asian investors, as well as wealthy Japanese, the vast supply surplus creates an opportunity for Japan’s sizable middle class.

Concern over Japan’s ageing population

Despite concerns about Tokyo’s ageing population and economic deflation forecasts, many local and international investors are attracted to Japan’s real estate investment potential.

Japan has been the world’s most productive real estate investor in numerous worldwide markets since the 1980’s, but Singapore and China have overshadowed it in recent years. Japanese foreign investment in real estate is primarily indirect, instead of the $91 billion in direct real estate investment between 2012 and 2016.

Good Government leads to Singapore property growth

While Singapore offers excellent real estate investment opportunities, a cursory examination of the Japanese real estate market, particularly the luxury real estate market.

Some of the most rewarding investments can be made, revealing that returns are less impressive due to the country’s higher cost. A significant factor contributing to this disparity is Singapore’s more comprehensive housing regulation, which includes many measures designed to deter foreign investors and affluent individuals from driving up prices.

Due to the boom and high house prices, the housing market is unable to generate a significant portion of tax revenue.

Although the impact of Shinzo Abe’s deflationary policies on the general economy is debatable, they have helped to firm up Japan’s property market in recent years.

Because homes are viewed as a sound investment and a means for households to store wealth as it grows, a severe decrease in property values is unknown.

High house prices also act as a vehicle for wealth transfer from young to old, poor to rich, and people who do not own homes to those who do.

Shorter Property cycle

Economic and credit cycles come and go, but if the government is serious about increasing housing affordability, developers must make it easier to sell homes.

Japan’s combination of pro-growth economic policies, openness to international investment, and growing prices in the luxury real estate market has created an optimistic environment, while Singapore has an unmatched upstart dynamic.

Suppose you need assistance navigating the premium or ultra-luxury real estate market or acquiring a listing. In that case, you can read more and contact US Housing Japan for local experience and advice.

The Bank of Japan’s policy of zero interest rates has made it more difficult for businesses to manage their assets, notably residential real estate. In December, the Government of Japan Pension Fund (GPIF) launched its first domestic real estate fund, the Mitsubishi UFJ Trust Fund of Mandate in Japan (M-u’mizuma UFJ Trust).

The Ministry of Land, Infrastructure, Transport, and Tourism has placed abandoned houses and flats on the market in an effort to minimize the total number of abandoned houses and apartments. In Taiwan, the tax system has positioned real estate investment as an efficient means of avoiding taxes and saving money, encouraging capital to flow into the real estate sector. To promote the housing market, the property tax rate was halved in 2001.

Mortgage loan in Singapore

Consider the following scenario: you have made $900,000 from the sale of your previous home and are ready to purchase a new home for that amount. Having spent years raising a family, earning a higher income, and building up equity in your home, you are finally ready to relocate to a larger home. Your excitement at the prospect of purchasing a home stems from the fact that you don’t have a lot of money, but you do have one or two good incomes, which is how many couples go about it.

One of the dreams of many couples is to be able to purchase a home together. As a result, it is critical to exercise caution and follow the proper procedures when searching for and purchasing a home. It is possible to make a costly mistake when purchasing a home with your unmarried partner if you don’t know how to avoid potential pitfalls.
At first glance, this may appear to be a bad option for unmarried couples looking to start a family. However, because mortgage lenders treat married couples as a single entity, if one partner has a good credit history, they may be able to qualify for a great loan with favorable terms and rates. The bank may reduce the loan amount if the applicant has a low credit score. This can lead to more favorable interest rates and repayment terms.

The chief economist and vice president of the SGcompare, Johnny Tay, told me in an interview that many married and unmarried couples have a strong psychological need to be named on the mortgage note.

It is not uncommon for two people, whether they are single or married, to purchase a home together. However, when a large number of married and unmarried couples purchase a home together, the sense of joint ownership is important because both have a legal claim to the house as well as the mortgage.

Even though a mortgage may seem out of reach for some people, for some couples, combining finances and purchasing a home through a joint mortgage is much more manageable. Depending on which home they purchase together, a joint mortgage with a friend can result in monthly payments that are the same as or lower than those of renting. Buy-and-hold transactions are an excellent option for renters looking to save money on their monthly rent.

When applying for a mortgage, a joint mortgage takes into account the income and assets of both parties involved in the transaction. To put it another way, when you and your partner apply for a home loan, the lender will take your income into consideration. One or two husbands or wives may be eligible for a loan, but the amount offered is insufficient for their combined income.

A significant advantage of taking out a joint home loan with your spouse is that you will pay less in stamp duty. The combined monthly income of a husband and wife for the purpose of obtaining a home loan is also greater. Inquire with your lender about the typical benefits available to women who apply for a joint mortgage.

Couples who have a matrimonial home in Singapore are eligible to receive a refund of their Additional Buyer Stamp Duty if they decide to sell away their matrimonial home. This allows them to have more cash on hand to pay off their home loan. An example would be married couples buying a Developer’s New launch Condo. They are able to wait till they collect the Keys after T.O.P and sell it within 6 months

If you are a married couple, you have the option of tapping into the income of another borrower to obtain a larger loan. If you are single, you have no such option. When you apply for a mortgage, the lender will not charge you any divorce-related fees. Even if it appears that you live alone, you still have enough income to qualify for the loan, according to the lender.

The majority of people who purchase a home do not have the financial means to pay off a home loan, also known as a mortgage, in full. Lenders typically require a down payment of at least 25 percent of the home’s appraised value before lending money. Homebuyers in Singapore, on the other hand, are estimated to be 88 percent dependent on mortgage financing to complete the transaction.

Those who qualify and have good credit can get interest rates as low as 1 percent on their mortgage. The majority of people who obtain a mortgage receive a down payment loan up to 75% of the total amount of the loan.

When it comes to home ownership, married couples enjoy some advantages that are not available to unmarried couples. The problem is that, if you and your partner decide to purchase a home together, your partner may want to split the cost of the home equally.

Unmarried couples who purchase a home together typically intend to live together in the future, but this is not always the case. Breakups are difficult enough, but living in the same house as someone else can make things even more difficult.

Buying a house with a friend or spouse may seem like a good idea at the time, especially if one person decides or wants to sell but the other does not want to. Before you finance or mortgage a home, there are a few things you should think about. Having an ownership agreement between the two parties allows the house to be sold and the other person to purchase it.

When you are thinking about buying a house with your partner, marriage is about much more than just the simple things like planning a wedding. Before you buy a house, talk about a few things you should think about and come to an agreement on.

A single man, woman, or couple applying for a mortgage will not have an impact on their ability to qualify for one. Your marital status, on the other hand, may have an impact on whether you decide to purchase as joint tenants or whether you decide to retain ownership of the home. Learn more about the advantages and disadvantages of individual and joint mortgage applications, the most common types of titles, and joint ownership for homebuyers who are purchasing their first home together.

If you are a young couple looking to purchase your first home, it is important to understand that you have a plethora of options when it comes to financing and purchasing your ideal home. The types of loans that you can apply for, as well as other important factors to consider when looking for your first home as a couple, will be discussed in detail in this story. Before you can begin to consider your options, you must first determine your financial situation and ability.

Should You Invest In Commercial Real Estate?

Residential property includes structures reserved for human habitation rather than commercial or industrial use. As the name implies, residential property can be used for commercial purposes, but apartment buildings that serve tenants as “apartments” are classified by the landlord as commercial activities. 

Note that planning and licensing boards break down industrial properties (properties used for manufacturing and production of goods and heavy commodities) and consider most of them a subset of commercial properties. In the typical case, the property is leased. An investor or group of investors owns the building and collects rent from the business operating there. 

In commercial real estate, lease terms usually vary depending on the type and quality of the property. For example, a purpose-built, state-of-the-art industrial manufacturing facility may enter into a triple-net lease with an initial term of up to 25 years. For logistics properties, the lease term can range from 3 to 10 years, depending on the location, property type and tenant. 

We are investing in real estate funds focused on commercial properties. We are acquiring commercial real estate as a real estate investor: acquiring commercial real estate by selling or leasing it to an operator. Participation in syndicated commercial real estate deals through crowdfunding platforms. We are acquiring undeveloped land for industrial development. 

When buying commercial real estate, think of buying traditional real estate on a larger scale. Buying commercial real estate opens up the possibility of tripling net rent. The rental business has risks that are not available to investors in residential real estate. When buying residential real estate, you don’t have to deal with emotional and personal attachment factors.

The income potential is what attracts many real estate investors to commercial real estate. Commercial real estate is known to have a higher rate of return than residential real estate. Acquiring commercial real estate can be a wise investment if you know what to expect. The profitability of buying commercial real estate can lead to solid professional relationships, flexible leases, and limited business hours. 

Commercial real estate is a high-risk, high-return real estate investment. Investors are likely to be high net worth individuals, and CRE investments require a significant amount of capital. The strength of the local economy can affect the value of a CRE purchase. Ideal properties are located in areas with low CRE supply and high demand due to low rental rates. 

Commercial real estate is a type of commercial property that can be bought and sold for business purposes. As a rough definition of commercial real estate, it is a place that is used as a warehouse, investment property, factory, logistics or administrative area. Unlike retail or office property, it is a commercial property that is used for industrial purposes. There are tremendous opportunities, versatility, and increased demand, and these are the reasons that make purchasing this type of property easier than residential property. Commercial real estate can be part of a bigger picture. 

The best thing about commercial real estate is that it is not limited to a single purpose. Commercial buildings are not just offices but also manufacturing and logistics buildings. You can rent them out in threes or just to one company and use multiple tenants. 

Owners need to invest much capital to make the property available to other tenants. Oversupply Risk: Given the expected future demand for warehouse space, real estate investors build too many properties as speculation. They are producing too many in a slow market, which affects occupancy and rental rates, which depresses property values. 

Residential tenants are more likely to make repairs to their property in a breakdown or accident. However, this is not the case with commercial property tenants. Occupants of commercial buildings have a strong sense of responsibility for the property. 

When setting lease terms, it is vital to consider the average rent in a commercial property submarket. If the current rent tenants are receiving higher than the prevailing market rate, your property may perform poorly and require active management to bring it back up to the market. Suppose your property is more expensive than the market rate. In that case, it may take longer to find tenants, resulting in significant rent losses and potential vacancies, and you run the risk of not getting a favourable result if you want to sell the property in the future. If you decided to invest in residential real estate properties instead, it is wise to consider investing in new condos. For a list of new launch properties, please visit

Depending on the nature of commercial property you are looking to purchase, it is crucial to understand the different building classifications and what they mean to you as an investor. Class C properties bring cheaper rents than Class A and B properties. Other types of commercial property such as industrial buildings, hotels, and retail.

7 Things Your Real Estate Agent Wants You To Know (But Will Never Tell You)

Whether you are a buyer or a seller, home sales can pretty much feel like a one-sided process as it is quite difficult for you to get feedbacks on what could be going wrong from the other side. Therefore, we are going to reveal to you some real estate truths as well as actual real estate agent secrets for you to have a better understanding of how the real estate industry is like. 

Agent’s Commission Is Negotiable

The common belief is that the property commission received from closing a deal will always be 6%, which will be further split between the seller’s agent and the buyers’ agent. Although this is always the case for most of the deals, having a fixed commission across the board would actually be violating the antitrust laws for real estate commissions. Each broker should independently set a price and the seller can always negotiate this price before he finally makes the decision to sign the listing agreement. As for buyers, they should not worry about this as they wouldn’t be paying their real estate agent. Sellers are the one paying the agent commissions which will be a certain amount of the profit earned from the sales. Therefore, home buyers shouldn’t be worried of hiring an agent to help them through the process since they wouldn’t be forking out a single cent for their service. 

Your House Smells Bad

For homes that have pets in them, most agents would mind letting you know when the animal scent is detectable so that you will be able to do something about it before letting a potential buyer have a look at it. But for those whose house has a distinctive mouldy smell, it can be quite difficult for the agent to bring up this topic since things can get pretty awkward, for all we know. Therefore, it is always a good practice to throw out moldy food and to wipe away any spills or stains immediately. Also, when you are throwing out your garbage with all those rotten foods inside, apart from changing the bag before the buyers come over to view your place, consider placing a sachet or tea bag at the bottom of the garbage can. This will help you to get rid of the odor caused by the rotten garbage. 

Your House Is Messy

It is important to keep your place neat and tidy before a buyer comes over because most buyers are sure to be put off by the clutter and mess in your home. This also means that there is a high chance that they wouldn’t want to buy over your home. What many people don’t know is that, rather than informing their client that their home is messy and they should do something about it, most agents will actually clean a home for sale themselves without their client knowing.

Jean Quek, an agent, “It is up to the agent to tidy up before showings – hiding musty towels, diaper pails, litter boxes, dirty dishes and even used underwear and socks.” Many agents feel that this is a sensitive issue to touch on therefore they did much rather do the cleaning up by themselves than to inform their client on the mess. 

The Agent Has Little Control

In order to get your listing, an agent will definitely promise you that you will be able sell out your home fast if you engage in their services. Yes, it could indeed be true but then again, they can’t really predict what is going to happen in the future. They can’t exactly control how fast or how slow your house will sell. Sean Tao says, “While it is true that an agent has to get certain basics correct in order to sell a home, once they do those things, the result is largely out of their hands.” As a seller, before you hire any agent, you can ask him or her how long it is going to take their listings on average to sell. Use this information to compare it with the other agents, and you will eventually know which one you should go for. 

People Are Petty Over Refrigerators

A good negotiation will leave both side feeling as if they have won and lost something at the same time. However, there is always one party which will wish to ‘win’ the other. And this is always determined through the ‘battle’ for the refrigerator. This is because refrigerators apparently fall under the grey area regarding whether it should be included into the sale or it is going to be taken away by the seller. Make sure that your purchase contract specifically notes down whether the refrigerator is going to be included with the sales or excluded. Even if you verbally change the terms of the contract, you will need to make sure that the changes are noted down. Susan Bae,a real estate agent recounted her experience, “One time, I was the listing agent of an amazing architectural home that had a really old side-by-side refrigerator that looked out of place.” The buyers said they would replace it with their own so the seller took the fridge along with them. However, the contract stated that the fridge would be included in the sales, and Leikin didn’t get the change in writing. “The buyer’s agent started screaming at me upon finding the fridge was gone. So the buyer’s side demanded a $2500 holdback. The seller returned the refrigerator instead.” Therefore, to avoid such an incident from happening, make sure every changes in written down clearly in black and white. 

Never Ask Your Real Estate Agent About Race or Ethnicity

It is unethical for your real estate agent to refuse to serve you due to the prejudice against race, color, national origin, religion, sex, disability and the presence of children. Therefore, it is a good idea not to ask your agent anything that is related to these. Ernest Liew, a real estate agent says, “I can’t tell you legally who lives where or who is buying your house. Even if I could, I would not.” But for those who are sincerely looking for information on a neighborhood because you are new to the area and would like to know more of the area so that you can make a better decision, there are ways which you can do so on your own. For example, you can head over to the local cafes, stores and markets in the area to have a feel of the place yourself Then you can probably go online to do some research on the neighborhoods’ history of crime rates, school districts, local amenities and so on and so forth. 

You Can’t Afford This House

You need to keep in mind that a real estate agent can help you purchase a house but the deal can’t go through if you aren’t financially prepared. It is not a real estate agent’s responsibility to set the limit of your budget. Maintain your credit, save for closing costs, and look at what you can truly afford.

What is Real Estate in Singapore ?

Real estate is the land, the soil, the buildings, the air rights above the ground, and the subterranean rights below the ground. The term “Real Estate” means real or physical property. “Real” comes from the Latin root res, meaning things. Others say it comes from the Latin word rex, meaning “royal,” since kings used to own all the land in their kingdoms. Singapore’s residential property consist of HDB from the government, condos and landed.

Four Types of Real Property

There are four types of real property:

Residential real estate includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, apartment communities, townhomes, duplexes, triplexes, quadruplexes, high-end homes, multi-generational homes, and vacation homes.

Commercial properties include shopping centers and strip malls, medical and educational facilities, hotels and offices. Multifamily properties are often considered commercial, even if they are used for residential purposes. This is because they are used to generate income.

Industrial properties include manufacturing buildings and land, as well as warehouses. The buildings can be used for research, production, storage and distribution of goods. Some buildings that distribute goods are considered commercial real estate. Classification is important because zoning, construction, and sales are handled differently.

Land includes undeveloped land, working farms, and ranches. Subcategories within undeveloped land include undeveloped land, early development or reuse, subdivision, and site assembly.2 Learn more here Land Broker Transactions.

How the Real Estate Industry works

The term “real estate” also refers to the production, purchase, and sale of land. Real estate affects the U.S. economy because it is a critical driver of economic growth.

The construction of new buildings is a component of gross domestic product. It includes residential, commercial, and industrial buildings. In 2018, real estate construction contributed $1.15 trillion to the nation’s economic output. That’s 6.2% of the U.S. gross domestic product. That’s up from $1.13 trillion in 2017, but still down from the 2006 peak of $1.19 trillion. Back then, housing accounted for a whopping 8.9% of GDP.

New home construction is a critical category. It includes construction of single-family homes, townhomes and condominiums. The National Association of Home Builders provides monthly data on home sales and average prices. New home sales data is a leading economic indicator.3 It takes four months to establish a trend for new homes sold.4

In Singapore, URA controls the private residential, HDB controls the public housing and JTC controls the industrial.

Real estate agents help homeowners, businesses, and investors buy and sell all four types of properties. The industry is typically divided into specialists who focus on one of the types.

Seller’s agents help find buyers, either through the Multiple Listing Service or through their professional contacts. They set the price for your property by using comparison listings of recently sold properties, known as comps. They can help you spruce up your property so that it looks its best to buyers. They will assist you in negotiating with the buyer and help you get the highest price possible. You can find more sales agent services here.

Buyer’s agents provide similar services to home buyers. They know the local market. This means they can find a property that meets your most important criteria. They also compare prices, which is called “comparison shopping.” This allows them to guide you to areas that are affordable. Buyer’s agents negotiate for you and show reasons why the seller should accept a lower price. They help with the legal aspects of the process, including title searches, inspections and financing.

Real estate agents must first take the exams called Real estate salesperson exam. They will then be able to help buyers and sellers transact their properties