Avenue South ResidenceEugene Koh's Property Review: Avenue South Residence by UOL group and Kheng Leong Co. The area not only has the benefit of a 99-year lease, but it also has zoning designated for at least 910,000 square feet that can be utilized for storefronts on the first story of the property and residences on the second story of it. The property was awarded to the lone bidder, which was the UOL Group and their subsidiaries.
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 price condos are certain to draw attention from both investors and those looking to enjoy life in the beautiful Central Region of Singapore.
UOL Group probably requires no additional introduction as it is one of the most important and most famous property developers in Singapore and a few of its major investors are none besides United Overseas Bank (UOB) — one of the best 3 financial institutes in Singapore.
Avenue South Residence Silat Avenue will be located near to schools around Outram MRT Station such as Cantonment Primary School, Radin Mas Primary School, Gan Eng Seng School, Bukit Merah Secondary School, Zhangde Primary School Bukit Merah Primary School and Outram Secondary School.
Avenue South Residence welcomes its future residents from District 03 in Silat Avenue and is sited at near proximity to the Central Business District, Orchard Shopping Belt, and exceptionally near to the future The Greater Southern Waterfront district.
Avenue South Residence is an upcoming residential project that is located Silat Avenue, Central Region of Singapore This city fringe development is strategically located just outside of the Central Business District and also very near to Sentosa Island.
The easy access to the Ayer Rajah Expressway, Marina Coastal Expressway and Central Expressway will keep residents connected to all the main areas of Singapore, while being surrounded by three MRT stations and all sorts of bus stops just a walk away just adds to the connectivity.
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.
Silat Avenue is an appealing site within two kilometers from the Central Business District, and we think the underwhelming tender outcome could be due to the large size of the site and relatively untested location, away from MRT stations”, said Ms Song.