Launching with a bang by selling a whopping 276 units on balloting day, this development looks set to be one of the top choices for most savy property investors.
Is it really still that way now? And what is Avenue South Residence price at the moment?
Avenue South Residence price now starts from $1.086m for a 1 bedroom unit at 527sqft and it’s 2 bedroom units are priced from $1.332m onwards. The PSF here starts from $1769psf and goes as high as about $2400psf for the peak collection units.
** Prices and Discounts indicated here are subject to developer changes. Please check with us to be sure.
Avenue South Residences
1 – 13 Silat Avenue
United Venture Development (UOL, UIC & Kheng Leong)
99 Years fr Aug 2018
No. of Units
1 to 4 Bedroom Apartments
2 Blocks of 56 Storey Apartments, 5 Blocks of Conserved 4 Storey Flats
474 / 495 / 527
657 / 807
689 / 721 / 732 / 807 / 883
947 / 1119
947 / 1001 / 1109 / 1302
1496 / 1668
The estimated monthly maintenance fees at Avenue South Residence is reasonably low, which makes it attractive especially for investors looking to rent out units here.
An estimated of $38 per Share Value per month has been allocated for units here.
Here’s the respective share value and the estimated monthly maintenance fees for each unit type:
6 / 7
$220 / $260
Land Price – $1138psf ppr
Emerging as the sole bidder for this 245,975sqft plot of government land sitting on Silat Avenue, Singapore listed developer UOL Group and its joint venture partners successfully acquired this site in May 2018.
So, what exactly was the land price paid by the developers to secure this prominent site that has been creating waves due to the Greater Southern Waterfront announcement?
UOL and it’s partners (UIC and Kheng Leong) won this land plot with a bidded price of $1.035 billion. With a plot ratio of 3.7, the land cost works out to be about $1138psf ppr (per plot ratio).
This relatively low land price (considering the location’s upcoming massive growth plans) for Avenue South Residence simply puts the developer on a favourable position to create a great product at a good price point for today’s dizzling property prices.
Here’s how the land cost of Avenue South Residences fare against its other competitor developments:
Land Price (psf ppr)
One Pearl Bank
Avenue South Residences
Kent Ridge Hill Residences
Normanton Park Condo
The Verandah Residences
A Location with Massive Transformation Plans.
Located right in the city and yet surrounded by nature, Avenue South Residence is well connected to green pockets offering access to wide range of outdoor activities.
And the biggest promise is the upcoming Greater Southern Waterfront, which is the largest Masterplan transformation Singapore has seen for a good number of years.
This new major gateway will revitalize urban living along Singapore’s southern coast, adding a substantial number of new homes, which has already set many potential home owners excited about the location.
So, where exactly is Avenue South Residence located?
Avenue South Residence is located on Silat Avenue, which vehicle drivers can easily access via the convenient Kampong Bahru Road. This well connected location sits just a stone’s throw away from Singapore General Hospital and the Bukit Merah housing estate.
Also sitting right in between of the CBD and other important commercial and medical clusters, this new development proves to be widely popular among many working professionals.
Connectivity is excellent, with 3 major expressways (AYE, CTE, MCE) connecting to major hotspots in Singapore.
The Rail Corridor also offers residents the opportunity to cycle uninterrupted through vast stretches of nature, from Anson Road to Marina Bay.
North-East Line & Circle Line
Taking the train is seamless. Within walking distance to Outram Park MRT, which is an interchange station, look forward class leading connectivity!
Also upcoming soon, Cantonment MRT Station will be ready, and it’ll be slightly nearer by foot, offering another MRT Line option.
Outram Park MRT – 10 mins walk
Cantonment MRT (upcoming) – 9 mins walk
With the abundance of Tertiary and International Schools around the area, there are no shortage of nearby educational options to worry about.
So, what are the popular schools near Parc Komo?
Here’s the list:
Just a 5 minutes drive away, Avenue South Residence is the first new development at the doorstep of Singapore’s newest Central Business District.
The Greater Southern Waterfront masterplan is so ambitious that it is not only shifting out a huge shipping container port, but it also promises a new dynamic city centre with huge business and lifestyle opportunities.
This 2000 hectares of prime waterfront land is 6 times the size of Marina Bay, and will house future commercial hotspots, integrated resorts and even new residentials.
Imagine $9 billion of new attractions, 20 million sqft of commercial spaces and more than 200,000 new jobs created here.. These are the real promises.
Another ambitious revitalization by the government, the Rail Corridor links our green heritage to the evolving cityscape.
The 24km-long Rail Corridor that stretches from Woodlands to Tanjong Pagar, was former railway line.
Visitors to the Rail Corridor can expect to see existing railway heritage structures, such as the conserved steel truss railway bridges, while also enjoying all the greenery and wildlife that is rich in biodiversity along the trail.
Scheduled for completion in 2021, this green artery will connect communities, spur development and rejuvenate neighbourhoods.
The SGH Campus of the future will be Singapore’s largest medical campus when completed.
Built to take Singapore’s vibrant and world class healthcare system to the next level, this masterplan is the largest in Singapore’s healthcare ecosystem.
Expect even greater demand for homes at here Avenue South Residence with this Medical Campus being situated only 4 minutes walk away!
Peak Collection towers above the sky court on the 36th storey, offering premium apartments that present unrivaled views of the southern waterfront.
The Horizon Collection is located between the 3rd and 35th storey, and this collection caters to a life of sophistication befitting visionaries.
Whichever the collection, you’ll get quality homes fitted with smart home features and premium finishes from leading brands such as:
Choose your desired Virtual Showflat to view:
A collection of luxury homes where sophisticated high rise living gets intimate with the elements of nature.
Split into 3 Collections (Heritage, Horizon and Peak Collections), all residents get to indulge in a life of luxury with 8 unique zones featuring over 80 amenities dedicated to entertainment, relaxation and recreation.
Here are some of the facilities you can look forward to:
The showflat for this development is not located close to it’s actual site, but it is situated at a convenient location that is minutes walk away from Redhill MRT Station.
So where is Avenue South Residence showflat located at?
Avenue South Residence showflat is located along Alexandra View, which is just a 4 minutes walk from Redhill MRT Station. For drivers, you can reach by coming from Alexandra Road (towards Queensway direction) and enter the showflat carpark along Alexandra View.
Here’s the map of the showflat location:
Avenue South Residence is jointly developed by 3 leading development companies, lead by the reowned UOL.
Probably not requiring much introduction, many will know that UOL is one of the biggest local developer, with UOB (United Overseas Bank) being its largest stakeholder.
It is also chaired by Mr Wee Cho Yaw, the chairman of UOB Group. Since 1975, UOL has developed countless developments over the decades, with their notable recent new launch developments in the market being – The Tre Ver & Amber45.
UIC (United Industrial Corporation) on the other hand, boost a strong portfolio in commercial spaces, dating back to 1963.
Ever since becoming a subsidiary of UOL Group in 2018, both companies have embarked in The Tre Ver (another new launch condo) before this joint venture of Avenue South Residence.
Kheng Leong Co. was founded even earlier, way back in 1949.
Starting out as a commodity trading firm back then, they have diversified into a real estate developer with notable high quality projects such as The Minton, Principal Garden, One North Residences, Double Bay Residences just to name a few.
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CEA No. L3010738A | RES No. R059189D
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