Avenue South Residence, 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.
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 floor plan 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.
The 1.04 billion filed by UOL Group, UIC and Kheng Leong has increased a lot of questions in the real estate market as it feels like the programmer has overpaid to the Silat Avenue website, which can be situated in a comparatively'untested' region with almost no personal residential improvements around.
In particular, properties that are near to the city centre is highly sought after as there is a limit of available land for new launches since the Central Business District is almost fully build up including areas near to Outram MRT Station and Outram Park.
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.
The consortium behind Avenue South Residence - UOL Group (UOL), its subsidiary United Industrial Corporation Limited (UIC) and Kheng Leong Company - expects it to draw interest from both owner-occupiers and investors, pointing to upcoming projects in the vicinity such as the Greater Southern Waterfront.
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.
As the government recently released more information on future development plans for the Greater Southern Waterfront and the CBD under the 2019 URA Master Plan , it does seem to be a big draw for those who are considering to buy a unit at Avenue South Residence.
Vivocity Singapore is within short distance drive from Avenue South Residence is one of the largest retails and lifestyle mall include anchor retailers: Tangs Departmental Store, Golden Village Cinema which offer Gold Class Movie experience with a private lounge and plush electronic recliner seat and serving a wide variety of fine food and top wine list.