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More than 90% of 300 Avenue South Residence Units Sold (Pricing below) - Avenue South Residence @ Outram - 61009701 Singapore

More than 90% of 300 Avenue South Residence Units Sold (Pricing below)

2001501
Avenue South Residence sold more than 90% of 300 units launched

MORE than 90% of the 300 sold at Avenue South Residence on the first day of sales. Pricing for Avenue South Residence on launch day starts at $858,000 for a 1-bedroom unit.

UOL Group

UOL Group, which is part of the consortium behind the 1,074-unit development at Silat Avenue, said buyers were mostly Singaporeans. Buyers comprised both investors and homeowners.

The other members of the developer consortium are UOL subsidiary United Industrial Corporation, and Kheng Leong Company.

Jesline Goh, UOL’s chief investment and asset officer, said: “The more popular units were the one- and two-bedroom units. The three- and four-bedroom units also saw healthy take-up. Buyers are particularly attracted to the growth potential of this precinct as well as the strong product attributes.”

UOL has said that it will launch the project overseas, as it is receiving enquiries from foreign buyers.

Read more on Avenue South Residence developer here.

Avenue South Residence Pricing

One-bedroom units (474 to 527 square feet) started from S$858,000 and two-bedroom units (657 to 883 sq ft), from S$1.15 million.

Check out Avenue South Residence Floor Plan here.

Another 200 units, including the Peak Collection, were launched on Sunday, with majority of the units south-facing with waterfront views. Units from the Peak Collection are from the 37th storey onwards. It offers unblocked views of the city skyline and are going at more than S$2,250 per square foot (psf).

Find out indicative pricing for Avenue South Residence here.

Units in the project span two 56-storey towers, as well as five conserved four-storey blocks dubbed the Heritage Collection. There are 223 three- bedroom units ranging in size from 947 to 1,302 sq ft, and 104 four-bedroom units from 1,496 to 1,668 sq ft.

The Heritage Collection units are going at an average price of S$1,780 psf. The Horizon Collection – units from the 3rd to 35th floor – at S$1,980 psf.

Avenue South Residence will also feature nearly 10,000 sqft of commercial facilities, including F&B outlets and a childcare centre.

Developers secured the land parcel via government tender in May last year at S$1.035 billion or S$1,138 psf, based on gross floor area.

Contact Us/ Developer Sales Team Hotline: 61009701

Source: The Business Times

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