Avenue South Residence, SingaporeAvenue South Residence, a new launch condominium development conveniently located next to Outram and the Central Business District (CBD). Units comprise one-, two-, three- and four-bedroom units ranging from 474 square feet (sq ft) to 1,668 sq ft. In addition, the development will offer close to 10,000 sq ft of commercial facilities, including food & beverage outlets and a childcare centre.
By choosing a location that blends the tranquility of its green surroundings with the amenities of urban living, the Avenue South Residence avenue south residence floor plan condos are certain to draw attention from both investors and those looking to enjoy life in the beautiful Central Region of Singapore.
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).
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.
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.
The core business of the Group is property development and investment and with the acquisition of the majority equity of Singapore Land Limited, a well-established property company in 1990, the Group became a major real estate developer with a portfolio of 2.5 million sq ft of office space and 1 million sq ft of retail premise in Singapore.
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.
UOL also has a a subsidiary called United Industrial Corporate limited (UIC) in which its stake increased to more than 50% on June 13, 2018 UIC also has developed some residential and other properties but Avenue South Residence will be their signature development in the core city centre.
As for the Greater Southern Waterfront , this development will generate an increase in housing, taking place on land which is double the size of Punggol town, rising commercial and entertainment opportunities will form office districts with nightlife, linkable parks and even a new resort.