Avenue South Residence by UOL Group is a 99 years leasehold development by Singapore-listed UOL Group. This new residential development is a joint venture with sister companies, United Industrial Corp and Kheng Leong Company. Check out Avenue South Residence Price List here.
Avenue South Residence will be located in the Tanjong Pagar vicinity and the Mount Faber/Telok Blangah vicinity. Launched in the 3rd quarter of 2019, this new development is located just a short drive to Chinatown and Outram Park area.
In this review, we put together a summary so you can get a quick look with concise information about Avenue South Residence:
Check out the project details for Avenue South Residence here.
To determine if Avenue South Residence is a good buy, here are the key insights and considerations for your review:
Key Insights of Avenue South Residence:
- Centralized Location and Minutes to CBD, Harbourfront, Central Business District and South of Marina Bay
- Panoramic unblocked view towards Southern Waterfront District and City
- Part of Greater Southern Waterfront URA Development Plans
- Luxury Condo and Fitting
- Outram MRT Station is less than 15 minutes walk away
- 99-year leasehold mixed-use development
- One of the tallest Condominiums in Singapore (Tentatively 56 storeys)
Estimated Price List of Avenue South Residence
As with any real estate properties, a variety of factors will affect the PSFs and Price List for Avenue South Residence.
The tender for Silat Avenue government land site closed on April 26 with a single bid from Singapore-listed UOL Group (Joint Venture). The bid closed at $1.035 billion, or $1,138 psf per plot ratio.
Head of research for Colliers International Singapore, Ms Tricia Song said that Silat Avenue is actually an appealing site located within 2km from the Central Business District. On top of that, the outcome of the tender was pretty underwhelming due to its untested.
The estimated a breakeven price for Avenue South Residence is around S$1,600 psf and a selling price of between S$1,800 and S$1,900 psf.
Currently, the latest information from the developer has seen a higher tentative price psf of between $2000 – $2300. This could likely see a change on launch, and we will provide the most up-to-date prices on the announced unit mix in Q3.
To learn more, you can visit https://avenuesouthresidencecondo.sg for more information.
Alternatively, keep in touch with us by sending an enquiry today.