I remember it was the early 2000s when I visited the show flat of Grandeur 8, which is regarded as one of the first condos in the Ang Mo Kio area. It was a number of years before another 2 condos were launched in Ang Mo Kio – Centro Residences in 2009 and The Panorama in 2014 (which didn’t quite sell so well at first). It is evident that Ang Mo Kio, despite its prominence as a popular (and populous) residential estate and the quintessential heartland, has a dearth of private condo developments.
One could posit that this lack of private residential supply bodes well for a new launch like Amo Residence, which will help to meet the needs of upgraders from the nearby million-dollar HDB flats. While not every flat has hit $1 million, the potential pent-up demand here could be significant – Ang Mo Kio is no small HDB estate, with more than 50,000 flats according to HDB....