Avenue South Residence @ Silat Avenue SingaporeNamed Avenue South Residences, the pair of high-rise residential tower blocks will be built within an existing housing estate in Singapore. In Avenue South Residence, You'll Be well-served by some of that UOL Group probably needs no introduction as it is one of those However if you have witnessed some of those launches The Tre Ver is included by some of its notable new launch improvements in 2018 at Potong Pasir and Amber 45. It possesses an extensive real estate portfolio that In order to get a better place than being just beside the Central Business District (CBD) — where the heartbeat of Singapore is.
Avenue South Residence is a new residential development comprising 2 stunning 56-storey high towers with 8 commercial shops at ground level (including a childcare center for the avenue south residence residents' ultimate convenience), and five 4-storey high conserved Singapore Improvement Trust (SIT) heritage blocks that add distinctiveness and character to this development.
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.
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.
Avenue South Residence is proudly brought to you by United Venture (Silat) Pte Ltd, a joint venture of UOL Group Limited , United Industrial Corporation Limited and Kheng Leong Company The 3 developers are well known in the industry for their respective knowledge and experience.
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.
Vivocity Singapore is within short distance drive from Avenue South Residence is one of the largest retails and lifestyle mall include anchor retailers: Tangs Departmental Store, Golden Village Cinema which offer Gold Class Movie experience with a private lounge and plush electronic recliner seat and serving a wide variety of fine food and top wine list.