Review of Avenue South Residence: Key Insights, Factsheet Summary, and Estimated Prices

Review of Avenue South Residence: Key Insights, Factsheet Summary, and Estimated Prices

About Avenue South Residence

Avenue South Residence by UOL Group is a 99 years development by Singapore-listed UOL Group in a joint venture with sister companies, United Industrial Corp and Kheng Leong Company. The condo is situated in the Tanjong Pagar vicinity and the Mount Faber/Telok Blangah vicinity, and a short drive to Chinatown and Outram Park Belt.

Expected to launch Q3 2019, here are some important details we put together so you can get a quick look with concise information:

Factsheet Summary

Project Name Avenue South Residence
Address Silat Avenue
District 03
Tenure 99 Years
Developer UOL Group
Showflat Location Silat Avenue
Developer Sales Hotline [Send Enquiry]
Est. Indicative Price/PSF $2000-$2300
No. Of Units 1074

The extended factsheet can be found on the home page here.

To determine if Avenue South Residence is a 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 also South 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 Interchange in just less than 15 minutes’ walk or 3 bus stops
  • 99-year leasehold mixed-use development
  • One of the tallest Condominiums in Singapore (Tentatively 56 storeys)

Avenue South Residence Location Overview

Estimated Price of Avenue South Residence

As with any real estate properties, a variety of factors will affect the PSFs and Price of 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.

According to Ms. Tricia Song, head of research for Singapore at Colliers International, “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”. She also estimated a breakeven price of S$1,600 psf and a selling Avenue South Residence 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.
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