With the recent successful launch of AMO Residences a few weeks ago in to the Ang Mo Kio. Ang Mo Kio is also known as a Mature Estate which is popular with the locals mainly for its food and schools.

The prices of AMO Residences reached a historical high for a heartland area of about $2,000 to $2,400 psf. Indeed, it was oversubscribed with some investors missing out of the opportunity in the heartlands. Enough analysis of the AMO Residences and let us analyse if the prices of Marina Bay Area is ridiculous as it is almost through the roof when we compare the prices of AMO residences.

The chart above shows the Average PSF of the 4 condos in the Marina Bay Area.

If you at the PSF of AMO Residences vs Marina Bay Condo, the Marina Bay Condo seems very reasonable considering the fact that it is owning a piece of Prime Prime Real Estate in District 1 also known as Core Central Region (CCR) compared to AMO Residences which is in District 20 in the Outside Core Region (OCR). This article is not saying that AMO Residences is not good. On the contrary, the article is trying to showcase the fact the Marina Bay Condos are undervalued or underpriced.

Total Number of homes in the Marina Bay Area = 2,802

• The Sail completed in 2008 with 1111 units
• Marina Bay Residences (MBR) completed in 2010 with 428 units
• Marina Bay Suites completed in 2013 with 221 units
• Marina One Residence completed in 2017 with 1042 units

Given the supply of units in the Marina Bay Area, it may be a reason for the price of homes being at a reasonable rate.

Should you consider a future home either for home stay or for investment, Marina Bay Area would be worthy contender.

Looking at the Price Trend below, the Prices of Marina Bay Condo is at a steady state,