Avenue South Residence @ Silat Avenue SingaporeEugene Koh's Property Review: Avenue South Residence by UOL group and Kheng Leong Co. The area not only has the benefit of a 99-year lease, but it also has zoning designated for at least 910,000 square feet that can be utilized for storefronts on the first story of the property and residences on the second story of it. The property was awarded to the lone bidder, which was the UOL Group and their subsidiaries.
Yet the presence of this well-developed estate will go a long way in helping residents ease straight into life into when they first move in. What's more, the Tanjong avenue south residence Pagar Neighbourhood Police Station is situated just behind the condo, which will bolster safety for residents in Avenue South alongside the condo's security.
The Rail Corridor will see the creation of green artery that stretches across the island from future Woodlands North Coast and all the way to the Greater Southern Waterfront, propelling the evolution of neighbouring lands and the renewal of older districts.
Being within walking distance of the city's best shopping malls and entertainment centres including Maxwell Food Centre, Chinatown Complex, Lau Pa Sat and People's Park Complex Food Centre is a major benefit, while the Orchard Shopping Belt remains just a five-minute drive for those with cars.
Avenue South Residence is proudly brought to you by United Venture (Silat) Pte Ltd, a joint venture of UOL Group Limited , United Industrial Corporation Limited and Kheng Leong Company The 3 developers are well known in the industry for their respective knowledge and experience.
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 following image from EdgeProp shows some recent developer sales units in district 3 including Stirling Residences as well as others like Queens Peak and Commonwealth Towers As for the Avenue South Residence price, the land price translates to about S$1138 per ppr and the break even price should be around S$1600 per square foot per plot ratio.
The condominium development is located in District 19, which is on the corner of Sengkang Central and Compass vale Bow and will be easily accessible from the closest stations in Buangkok (NE15), the Renjong Station, as well as the Ranggung LRT Station.
With plans already in motion to seamlessly combine Sentosa, Marina Bay and Labrador Park into a single incredible waterfront living experience that will span nearly twice the size of Punggol, residents can expect a couple more high-rise frontiers popping up (potentially blocking bay views) alongside increased access to various parks and nature trails linking the waterfront.