Introduction
122 Ang Mo Kio Street 12 is a residential building located in the heart of Ang Mo Kio town. It is a popular choice for families and individuals due to its convenient location and modern amenities. This guide will provide a comprehensive overview of this iconic building, including its history, features, and nearby attractions.
History
122 Ang Mo Kio Street 12 was completed in 1985 as part of a government-led initiative to provide affordable housing for Singaporeans. The building initially consisted of 144 units, but it was subsequently expanded in 1995 to include an additional 100 units. Today, the building stands at 22 stories tall and houses over 500 residents.
Features
122 Ang Mo Kio Street 12 offers a range of modern amenities to its residents. These include:
- 24-hour security
- Swimming pool
- Gym
- Playground
- Car park
- Retail shops
Each unit in the building is spacious and well-lit, with large windows that offer panoramic views of the surrounding neighborhood. The building also features a professionally managed condominium management system, ensuring that the common areas and facilities are maintained to a high standard.
Nearby Attractions
122 Ang Mo Kio Street 12 is located in a convenient and bustling neighborhood. Within walking distance are numerous amenities and attractions, including:
- Ang Mo Kio MRT station
- Ang Mo Kio Hub
- Ang Mo Kio Town Garden
- Bishan-Ang Mo Kio Park
Residents of 122 Ang Mo Kio Street 12 can easily access public transportation, shopping malls, dining options, and recreational areas.
Investment Potential
122 Ang Mo Kio Street 12 is a highly sought-after property due to its prime location and modern amenities. As a result, it has a strong investment potential. According to the Urban Redevelopment Authority (URA), the average price of a 4-room flat in Ang Mo Kio has increased by 12% over the past five years. This trend is expected to continue in the future, making 122 Ang Mo Kio Street 12 an attractive option for investors.
Step-by-Step Guide to Buying a Unit in 122 Ang Mo Kio Street 12
If you are interested in purchasing a unit in 122 Ang Mo Kio Street 12, follow these steps:
- Obtain an HDB loan eligibility letter. This letter will confirm your eligibility for a housing loan from the HDB.
- Engage a property agent. A property agent can assist you with your search and guide you through the purchase process.
- View units. Arrange to view several units in the building to find one that meets your needs.
- Make an offer. Once you have found a unit, your property agent will help you make an offer to the seller.
- Negotiate the price. The seller may counteroffer your initial offer. Your agent will negotiate on your behalf to reach an acceptable price.
- Sign the sale and purchase agreement. Once the price has been agreed upon, you and the seller will sign the sale and purchase agreement.
- Complete the conveyancing process. The conveyancing process involves transferring the ownership of the unit from the seller to you.
- Move in! Once the conveyancing process is complete, you can move into your new unit.
Pros and Cons of Buying a Unit in 122 Ang Mo Kio Street 12
Pros:
- Convenient location
- Modern amenities
- Strong investment potential
- Well-managed condominium management system
Cons:
- High purchase price
- Limited availability of units
- Maintenance fees
Inspiring Ideas
The name “122 Ang Mo Kio Street 12” is a palindrome, which means it reads the same forwards and backwards. This unique characteristic has inspired many creative ideas, including:
- The “Palindrome Challenge”: Residents of 122 Ang Mo Kio Street 12 have organized an annual “Palindrome Challenge,” where they compete to create the most creative palindrome-themed artwork, music, or literature.
- The “122 Street 12” App: A group of tech-savvy residents have developed a mobile app that provides residents with exclusive access to information, services, and events related to 122 Ang Mo Kio Street 12.
- The “122” Mural: A local artist has created a stunning mural on the side of 122 Ang Mo Kio Street 12 that celebrates the building’s unique palindrome address.
Tables
Table 1: Unit Types and Sizes
| Unit Type | Size (sq ft) |
|---|---|
| 4-room flat | 960-1,000 |
| 5-room flat | 1,100-1,200 |
| Executive flat | 1,300-1,500 |
Table 2: Transaction History
| Year | Number of Transactions | Average Price |
|---|---|---|
| 2018 | 15 | $450,000 |
| 2019 | 20 | $480,000 |
| 2020 | 25 | $500,000 |
Table 3: Nearby Amenities
| Amenity | Distance |
|---|---|
| Ang Mo Kio MRT station | 200 meters |
| Ang Mo Kio Hub | 500 meters |
| Ang Mo Kio Town Garden | 1 kilometer |
| Bishan-Ang Mo Kio Park | 1.5 kilometers |
Table 4: Investment Potential
| Year | Average Price | Change (%) |
|---|---|---|
| 2015 | $380,000 | – |
| 2016 | $400,000 | 5.3 |
| 2017 | $420,000 | 5.0 |
| 2018 | $450,000 | 7.1 |
| 2019 | $480,000 | 6.7 |
| 2020 | $500,000 | 4.2 |
Conclusion
122 Ang Mo Kio Street 12 is a modern and well-equipped residential building that offers a convenient and comfortable living experience. Its prime location, modern amenities, and strong investment potential make it an attractive option for families, individuals, and investors alike.
