AVENUE SOUTH RESIDENCE
Sea Views beside CBD & future Greater Southern Waterfront district
Another premium development by UOL, UIC & Kheng Leong
Click for Virtual Open House . Anytime . Anywhere
Another premium development by UOL, UIC & Kheng Leong
Click for Virtual Open House . Anytime . Anywhere
In Avenue South Residence, UOL has added another beautifully crafted and landscaped project to its string of Masterpiece homes.
In this case in a central location, with sea views and exciting prospects. Here are the details.
The Avenue South Residences is a new residential development comprising two 56-storey high towers with seven commercial units at ground level, and five 4-storey high conserved Singapore Improvement Trust (SIT) blocks that add distinctiveness and character. It is being developed by some of our most reputable developers, Singapore-listed UOL Group jointly with sister company Kheng Leong and United Industrial Corporation.
This 1074-unit project is located at the corner of Silat Avenue and Kampong Bahru Road, just behind the Spottiswoode Park neighbourhood. Beyond that is the Tanjong Pagar area, and the Central Business District is 2 km away.
At 56 storeys high, South Avenue Residence will rank among Singapore’s tallest condominiums. And with its location, many higher floor units should get panoramic views of the city skyline, and especially of the sea and future Greater Southern Waterfront.
South Avenue Residences & Greater Southern Waterfront
The coast off Tanjong Pagar is currently occupied by container terminal and port activities. But that is set to change. In 2013, Singapore’s URA (Urban Redevelopment Authorities) announced plans to consolidate all port activities at Tuas. They will turn the land thus freed up off the south-west coast of Singapore into the Greater Southern Waterfront.
This move will herald a significant change to the Singapore city skyline. The Greater Southern Waterfront will expand the business district westwards, with highlights such as a 30 km long waterfront promenade, a reservoir that stores storm-water run-off, and a green corridor linking Gardens by the Bay to Labrador Park.
Work on the move has already begun, with the first berths at Tuas Port slated to start operations by 2025. The planned relocation will free up 925 hectares of waterfront land – 3 times the size of Marina Bay – for development into the Greater Southern Waterfront district. Based on the latest 2019 URA Master Plan, this development will start within the next 5 to 10 years.
Residents of Avenue South Residence will benefit from these plans. They will get views to the new waterfront and city skyline, a much nicer one than at present. There will be more amenities, leisure destinations, and waterfront access closer to hand. And as property values in the vicinity rise in tandem with these developments, owners get to celebrate too.
The Greater Southern Waterfront . In a Nutshell
The Rail Corridor
Our South Avenue Residences site is across from a section of the Rail Corridor along Kampong Bahru Road. The 24km long Rail Corridor is being planned as a community space and leisure corridor. It will run through several estates and recreational nodes up to the north of the island, integrating Singapore’s railway heritage with greenery along the way.
The Avenue South condo, with its conservation blocks, will offer high-rise living assimilated with this greenery and heritage. Residents will get direct access to the Rail Corridor, less than 2 km away from the former Tanjong Pagar Railway Station that will be turned into a multi-functional community node.
Register interest or request details here.
|Name||Avenue South Residence|
|Developer||United Venture Development (Silat) Pte Ltd
(JV of UOL Venture, UIC Homes and Kheng Leong Company)
|Status||Condominium (No restrictions on ownership)|
|Address||1, 3, 5, 7, 9, 11, 13 Silat Avenue, Singapore 160018|
|Site Area||22,851.6 m² (245,975 sq ft)|
|Floor Area||84,551 m² (910,106 sq ft)|
|Tenure||99 year leasehold|
|T.O.P. Date||1st Quarter 2022 (subject to final confirmation)|
|No. of Blocks||Two 56-Storey Towers + Five Conserved 4-Storey Blocks|
|No. of Storeys||56|
|No. of Units||1,074 residential + 5 to 7 commercial units|
|Description||Private condominium development comprising two 56-storey high residential apartment towers with 18 sky gardens and sky courts, 5 conservation blocks, and commercial space at ground level with shops, childcare centre and public park|
|Architect||ADDP Architects LLP|
|Landscape Consultant||Ramboll Studio Dreiseitl|
|Builder||United Tec Construction Pte Ltd|
Avenue South Residence Floor Plan
The Avenue South floor plan brochures are available. Please drop us your contact details via the Form below if you would like a copy of them.
Avenue South Residences Site Plan
The Avenue South Singapore site is an irregular shaped parcel of land fronting Kampong Bahru Road, and bounded by Silat Avenue to its east and the Ayer-Rajah Expressway (AYE) on its south-west.
With a plot ratio of 3.7, it towers over its surrounding neighbours on sites with lower plot ratios. In fact, because of the five conservation blocks having a height restriction of only 50 metres, this means that the tower blocks go even higher, up to 200 metres.
The 2 residential towers are 56 storeys high, with sky terraces set into them at intervals. These sky terraces will provide residents with both nearer as well as further views. Views westward to Mount Faber Park and Telok Blangah Park. Views south and south-east to the waterfront and Sentosa. And views eastwards to the CBD and downtown skyline.
On ground level, we have commercial retail space. These are housed at the 1st storey of the front 3 conservation blocks. These Singapore Improvement Trust (SIT) flats will be transformed into unique retail shops and homes.
There are many lovely examples of conserved buildings that have been delightfully refurbished. The ones here have been done simply but tastefully. Something different with a retro feel, that forms the Heritage Collection. But there are only 86 such units, so we expect them to sell out fast.
The apartments in the towers are divided into two zones. The Horizon Collection, of 610 units from the 3rd (the lowest floor in the towers) to the 35th storey. And the 378 unit Peak Collection from the 37th to the 56th floors, with unrivalled views around.
Each collection is marked by slightly different colours and finishes. The 36th floor is given to the Sky Court. So you get to enjoy the panoramic views here, even if you live on a low floor.
The landscape architect is no less than Ramboll Studio Dreiseitl, the authority on landscaping, and masters of design in their own field. They are also landscaping MeyerHouse, where prices start at $5.3M for a 3 bedroom apartment.
Avenue South Residence Showflat
Kindly drop your contact details through the Form below if you wish to view the Avenue South Residences showflat. Via virtual walkthroughs online, or with advance appointments only.
Avenue South Residence Prices · Unit Types
UNIT TYPES . SIZES
|Unit Description||Zone||No. of
|1 Bedroom||Heritage||36||44 / 46||474 / 495|
|2 Bedroom||Heritage||34||61 / 75||657 / 807|
|3 Bedroom||Heritage||16||88 / 93||947 / 1,001|
|2 Bedroom Premium||Tower||263||64 – 68||689 – 732|
|3 Bedroom Premium||Tower||104||103||1,109|
|Total Residential Units||1,074|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
AVENUE SOUTH RESIDENCES PRICE RANGES
The following chart lists the Avenue South Residence price guide as at 7 June 2020. Please note that prices are subject to change as units are sold. Do feel free to check with us on the latest availability and pricing.
|1 Bedroom||Heritage||474 – 495||SOLD OUT||$190|
|2 Bedroom||657 / 807||SOLD OUT||$220|
|3 Bedroom||1,001||SOLD OUT||$220|
|1 Bedroom||Horizon||527||From $1.06xM Up||$190|
|2 Bedroom||657||From $1.3xM Up||$220|
|2BR Premium||689 – 732||From $1.4xM Up||$220|
|3 Bedroom||947||From $1.66xM Up||$220|
|3BR Premium||1,109||From $1.992M Up||$260|
|4 Bedroom||1,496||From $2.646M Up||$260|
|1 Bedroom||Peak||527||From $1.18M Up||$190|
|2 Bedroom||657||From $1.458M Up||$220|
|2BR Premium||689 – 732||From $1.61M Up||$220|
|3 Bedroom||947||From $2.05xM Up||$220|
|3BR Premium||1,109||From $2.4xM Up||$260|
|4 Bedroom||1,496||From $3.187M Up||$260|
The Avenue South Residences site spans an area of 245,975 sq ft. Under the URA Master Plan, it is zoned for mixed residential and commercial use, with a 3.7 plot ratio. This works out to a permissible gross floor area of 910,106 sq ft.
Hence the SGD$1.035 billion that the developer paid for this land parcel equates to a land rate of $1,138 PSF PPR (per square foot per plot ratio).
This works out to a break even in the region of $1,600 PSF PPR, after factoring in all the development and construction costs, as well as financing, marketing and overhead charges. So selling price might be anywhere between $1,700 t0 $2,000 PSF.
This is a relatively untested location with no really similar comparison nearby, so it will have to set its own market.
About the Developer
UVI, UIC Homes and KLC hold stakes in the ratio of 50:30:20 respectively in this joint venture company, that will be accounted as a subsidiary of UOL.
About UOL Group Limited (“UOL” or The Group)
Having been established since 1963, the UOL Group is one of Singapore’s most reputable and longest established property companies.
UOL is known for their commitment to design excellence and product quality. Their work has won several accolades and awards. Examples include the Aga Khan Award for Architecture, the FIABCI Prix d’Excellence Award, Singapore’s President’s Design Award, Urban Land Institute Awards for Excellence, and Best Developer Awards in Singapore and South East Asia.
The Group counts a varied portfolio of development and investment real estate under its belt, that range from hotels to offices, retail malls, spas, restaurants, and residential projects. In fact, UOL manages and/or owns more than 30 resorts, hotels and serviced suites in locations across North America, Asia, and Oceania.
UOL is especially well-regarded in Singapore for their residential developments. Amongst the many they have built are Newton Suites, Duchess Residences, Nassim Park Residences, One Amber, Principal Garden, Waterbank @ Dakota, Terrene @ Bukit Timah, Seventy St Patricks, and Meadows @ Pierce. More recent launches are Tre Ver designed by WOHA, and Amber 45.
About United Industrial Corporation Limited (“UIC” or The Group)
UIC homes is a fully-owned subsidiary of UIC.
UIC was established as a private company in Singapore in 1963, and subsequently listed on the SGX in 1969. Its main business focus is in property investment and development, including residential projects in central and suburban areas.
With the acquisition in 1990 of Singapore Land Limited, the Group became one of Singapore’s largest property players with a portfolio of around 1 million square feet of retail space and 2.5 million square feet of office space. Some of these are well known commercial landmarks such as SGX Centre, Marina Square, Singapore Land Tower, The Gateway, Clifford Centre, Tampines Plaza and ABACUS Plaza, and West Mall.
UIC also owns overseas investment real estate in places like London and major cities of China.
Kheng Leong Co (Pte) Ltd (Kheng Leong or The Group)
Kheng Leong started operations in 1949 as an international commodity and trading company, but evolved into real estate investment and property development.
Over the years since then, the Group has earned a reputation for quality work. Today, Kheng Leong is responsible for a number of development projects both locally and internationally. Some are collaborations and others are direct investments across the Asia Pacific region, from Singapore to Hong Kong and Shanghai, and top-tier cities such as Sydney, London and Los Angeles.
Local developments by Kheng Leong, some jointly with UOL include 72 Grange Road, The Ansley, Tudor Ten, Nassim Park Residences, Sutton Place, Domain 21, Principal Garden, The Minton, One North Residences, and The Woods cluster homes.
Avenue South Residences Location
Location. The Avenue South Residence location is at Silat Avenue, in the Kampong Bahru residential area on the fringe of the CBD. It sits between Bukit Merah and Spottiswoode Park estate, close to the Tanjong Pagar area.
The site also lies just south of the 43-hectare Singapore General Hospital and medical hub, and is in fact within a short walk of it. Which makes it ideal for medical staff and healthcare professionals working at the complex, whether as owner occupiers or as tenants.
Shops, F&B, Supermarkets, Banks. The nearest major shopping and dining areas are at the Tanjong Pagar area, or the Chinatown / Peoples Park locations. Alternatively you could make your way south down Kampong Bahru Road to Vivocity and Harbourfront.
In future, once the Greater Southern Waterfront is built, there will be wealth of work, dining, shopping, and lifestyle destinations nearer at hand. But that is in the future.
Schools & Educational Institutions. Primary schools within a 1 km radius include CHIJ Kellock (within walking distance) and Zhangde Primary. While Alexandra Primary is inside the 2 km radius.
Recreation & Relaxation. Less than 1 km from the South Avenue Residence location, down Kampong Bahru Road, is Mount Faber Park. This is part of the Southern Ridges Green Belt, a string of parks and nature reserves stretching across to Telok Blangah Hill Park, Hortpark and Kent Ridge Park.
And on the doorstep of the South Avenue condo location itself, we have the Rail Corridor, a seamless leisure corridor & community space that starts at the former Tanjong Pagar Railway Station, a future multi-functional community hub. It then runs up to the north of Singapore, passing through recreational nodes such as parks, and the Round Island Route and Coast to Coast Trail.
Nearest MRT Station. If there is one thing that the Avenue South condo location lacks, it is an MRT station within a short walk. The nearest one currently is the Outram interchange station that will join three MRT lines, 15 minutes walk away. However there are bus services that ply close by.
But when the Cantonment & Keppel stations that will help complete the Circle line are ready, getting to a station is faster. For Cantonment, the nearest way is to go down Spooner Road opposite the site, then cut across Spottiswoode Park Estate, to the nearest entrance of the station. That should take about 10 minutes.
If you prefer a more pleasant, though slightly longer route, you will be able to make your way to the station via the Rail Corridor. A green pathway with landscaping, that make for a nice relaxing stroll, or some exercise. The Circle line has the advantage of directly linking to every other line. Out of its 33 stations, 12 are interchange nodes.
Accessibility. The Avenue South Residences location is roughly 2 km from Tanjong Pagar, which makes for quick access to the Central Business District and downtown. Which makes it a good alternative if you are looking for a cheaper option than the $2,600 PSF homes in the downtown area itself.
For island-wide travel, it is under 5 minutes drive to the nearest CTE (Central Expressway) exit.