The Review Of Avenue South ResidenceEugene Koh's Property Review: Avenue South Residence by UOL group and Kheng Leong Co. UOL Group probably needs no further introduction as it is one of the biggest and most renowned property developers in Singapore and one of its major shareholders is none other than United Overseas Bank (UOB) - one of the top 3 financial institutes in Singapore.
Avenue South Residence is also close to schools such as CHIJ Primary School (Kellock), Radin Mas Primary School, Zhangde Primary School, Cantonment Primary School, Alexandra avenue south residence price Primary School, Gan Eng Seng Primary School, CHIJ Saint Theresa's Convent, Outram Secondary School, Henderson Secondary School and also Gan Eng Seng Secondary School.
Based on the land cost of the Silat Avenue site at $1,138 psf ppr, it's clear that UOL Group is setting a realistic average price for Avenue South Residence from as low as $1,780 psf for the Heritage units to $2,250 psf for the Peak units (from 40th floor upwards).
According to Ms. Tricia Song, head of research for Singapore at Colliers International, Silat Avenue is an appealing site within two kilometers from the Central Business District, and we think the underwhelming tender outcome could be due to the large size of the site and relatively untested location, away from MRT stations”.
The shopping mall also encompass of a promenade that is for alfresco dining which spans almost 300 m long for future residents of the Avenue South Residence to relish in. The shopping mall also offers open spaces for families to enjoy in. This shopping mall's entrance has a promenade and also water features for kids to play in. There is a wading pool that is located near to the Play court which is a playground for the kids.
Jointly collaborated by UOL, United Industrial Corp and Kheng Leong, Avenue South Residence is a huge 99-years leasehold development conveniently located in District 3. Comprising of 2 residential buildings (1074 residential units), 5 conservation buildings and 8 commercial units (13,993 sqft of commercial space), this project will be one of the tallest condominium development in Singapore; standing at a high of 56 storeys tall.
The redevelopment of Marina Bay will attract new business especially in the finance sector will improve the economy boosting potential for high capital appreciation for surrounding properties and Avenue South Residence is amongst the condos set to benefits from this appreciation.
If you are looking for a brand new development in District 3 that is within close proximity to Greater Southern Waterfront with fantastic sea view, Avenue South Residence will be one of your top consideration as it is situated just 700 meters away from the future Cantonment MRT Station (CC31), Circle Line, which will be completed in 2023.
Silat Avenue is an appealing site within two kilometers from the Central Business District, and we think the underwhelming tender outcome could be due to the large size of the site and relatively untested location, away from MRT stations”, said Ms Song.