Avenue South ResidencesEugene 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.
Avenue South Residence is also close to schools such as CHIJ Primary School (Kellock), Radin Mas Primary School, Zhangde Primary School, Cantonment Primary School, Alexandra avenue south condo Primary School, Gan Eng Seng Primary School, CHIJ Saint Theresa's Convent, Outram Secondary School, Henderson Secondary School and also Gan Eng Seng Secondary School.
Avenue South Residence comes in the good hands of developer , United Venture Development (Silat) Pte Ltd, comprising the joint venture partners from well established names UOL Venture Investments Pte Ltd, UIC Homes Pte Ltd as well as Kheng Leong Company Pte Ltd.
Sengkang Grand's Residences are developed by a duo, which are two of Singapore's best and most experienced real estate companies, it's no doubt why this residential development will attract many people and most importantly, investors that seek the opportunity to invest in property development that is worthwhile.
The Sengkang Grand Residences is a residential condominium property in Sengkang Grand, which is comprised of apartments, retail shops, as well as community facilities, that include a chain of charming dining and on-the-go restaurants, a community club, and a day-care for children.
The consortium behind Avenue South Residence - UOL Group (UOL), its subsidiary United Industrial Corporation Limited (UIC) and Kheng Leong Company - expects it to draw interest from both owner-occupiers and investors, pointing to upcoming projects in the vicinity such as the Greater Southern Waterfront.
With the development of Greater Southern Waterfront which is a five-minute drive from Avenue South Residence, and the expansion of two Integrated Resorts - Resorts World Sentosa and Marina Bay Sand which is expected to birth 5,000 new jobs; we can look forward to more housing, commercial and entertainment opportunities in these areas.
As the government recently released more information on future development plans for the Greater Southern Waterfront and the CBD under the 2019 URA Master Plan , it does seem to be a big draw for those who are considering to buy a unit at Avenue South Residence.
With plans already in motion to seamlessly combine Sentosa, Marina Bay and Labrador Park into a single incredible waterfront living experience that will span nearly twice the size of Punggol, residents can expect a couple more high-rise frontiers popping up (potentially blocking bay views) alongside increased access to various parks and nature trails linking the waterfront.