AMO Residence launched last Saturday, and if you want a unit… well, you’re probably out of luck. All but seven of its 372 units sold over the weekend (98% sold), and the whole development may be sold out by the time you read this. Even more incredibly, one of the penthouses was sold for more than $6 million, or at about $2,400 psf. This is one of the best launch performances we’ve seen since around 2021; and it’s surprising given that – earlier before the launch – some had speculated the price was too steep for Ang Mo Kio. While 372 units are quite small, to begin with, nearly selling out in one weekend in this climate is impressive. So why did it sell out so fast?...