The reason was due to this simple fact that only 1 developer submitted a bid to get it and consequently it had been actually uncontested.
Avenue South Residence Singapore
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.
The worse part is it isn’t really near some MRT stations.
But when you’ve seen a number of those releases created by UOL Group over the past couple of decades, it’s been quite well-known to produce a statement and exceed market expectations. Aside from the projects found in 2018, they’ve practically no equilibrium units out there in jobs that were launched before people.
As stated previously, the Avenue South Residence programmer is a tripartite shaped by UOL Group, United Industrial Corp (UIC) and collectively with Kheng Leong business.
UOL Group probably requires no additional introduction as it is one of the most important and most famous property developers in Singapore and a few of its major investors are none besides United Overseas Bank (UOB) — one of the best 3 financial institutes in Singapore.
It owns an extensive property portfolio that mostly comprises of home, commercial properties, hotels, and serviced flats too. A number are found in the prime regions of Singapore and international markets like Malaysia and China; most recently the United Kingdom.
According to financial information, the UOL Group includes a total of 20 billion worth of resources.
Some of its prominent new launching residential improvements in 2018 comprise The Tre Ver in Potong Pasir and Amber 45.
Avenue South Residence Showflat
Avenue South Residence has been situated along Silat Avenue, only right contrary to the Lee Ah Mooi Old Age Home. Concerning place, this brand new condominium in Silat Avenue, District 3 of Singapore likely checks the majority of the boxes for homebuyers.
On the outside and preliminary particulars, you seriously can not ask for a much better place than being just beside the Central Business District (CBD) — in which the pulse of Singapore is.
What exactly does the place of Avenue South Residence — inside the Kampong Bahru estate have to offer you?
A distinctive lifestyle between the past, current, and future
Comparable to this Tiong Bahru real estate, the Kampong Bahru region is full of rich heritage and history since the country was created. In reality, this distinctive nostalgic lifestyle that residents at Avenue South Residence will have to experience moves all of the ways into the Chinatown precinct.
On the opposing side, you’ll be able to enjoy the modern-day convenience as lots of famous malls only within close proximity to Avenue South Residence.
Among these is your Vivo City Theater (the nearest one), in which there are one of the biggest supermarkets in Singapore, movie theater, restaurants serving a variety of kinds of cuisine and a broad assortment of retail shops.
The official release is anticipated to be through the 1st week of September 2019, but the opening hours to the trailer are not yet been declared.
Meanwhile, below are a few of the Avenue South Residence showflat artist opinions for the own reference.
Official Website: www.theavenuesouthresidences.com
Floor Plan: www.theavenuesouthresidences.com/floor-plan/