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More than 90% of 300 Units Launched On First Day Sold

MORE than 90 per cent of the 300 launched units in Avenue South Residence were grabbed on Saturday, the first day of sales.

UOL Team, which becomes part of the consortium behind the 1,074-unit growth at Silat Opportunity, said purchasers were primarily Singaporeans, comprising both financiers and home owners.

The other members of the developer consortium are UOL subsidiary United Industrial Company, as well as Kheng Leong Company.

Jesline Goh, UOL’s chief financial investment and also property officer, claimed: “The more prominent units were the one- as well as two-bedroom devices. The three- and four-bedroom units also saw healthy take-up. Based on what we saw, purchasers are particularly drawn in to the development possibility of this precinct as well as the strong product attributes.”

One-bedroom devices (474 to 527 square feet) started from S$ 858,000 as well as two-bedroom devices (657 to 883 sq ft), from S$ 1.15 million.

One more 200 devices, including the Optimal Collection, were introduced on Sunday, with majority of the units south-facing with beachfront views. Units categorised as the Top Collection – from the 37th storey onwards – deal unblocked sights of the city horizon and are addressing greater than S$ 2,250 per square foot (psf).

UOL said it will release the task overseas, as it is obtaining enquiries from foreign buyers.

Units in the project span 2 56-storey towers, as well as 5 saved four-storey blocks referred to as the Heritage Collection. There are 223 three-bedroom units varying in size from 947 to 1,302 sq ft, and 104 four-bedroom systems from 1,496 to 1,668 sq ft.

Its Heritage Collection devices are going at a typical price of S$ 1,780 psf, as well as the Perspective Collection – or devices from the third to the 35th floor – at S$ 1,980 psf.

Avenue South Residence will additionally feature almost 10,000 sq ft of industrial centers, including F&B outlets and a child care center.

The developers secured the land parcel using federal government tender in May last year at S$ 1.035 billion or S$ 1,138 psf, based upon the gross floor area.


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