UOL Sold 276 units at Avenue South Residence
On the first day of launch, as at 7.45 pm on Sept 7, UOL Group marketed 276 out of 300 devices released at Avenue South Residence. The sales translates to 26% of the total 1,074-units in the domestic project established jointly by UOL Group, UIC as well as Kheng Leong Co
. The customers were mainly Singaporeans, consisting of a mix of financiers as well as owner inhabitants, according to Jesline Goh, chief investment and also property police officer of UOL Team. One of the most prominent units were the one- as well as two-bedroom systems, she includes. The 3- as well as four-bedroom units additionally saw healthy take-up.
” Customers are especially brought in to the development possibility of this precinct as well as the strong item attributes,” continues Goh. The job lies at the joint of Kampong Bahru Road and Silat Avenue, on the front door of the Greater Southern Waterfront. It’s additionally near the Rail Passage.
Units in the Heritage Collection were additionally among the most demanded, according to Bruce Lye, handling companion of SRI, joint advertising agents of Method South House, with ERA Real Estate Network, Huttons Asia and PropNex. The Heritage Collection makes up just 86 units in 5 conserved blocks that were developed by the previous Singapore Renovation Depend on (SIT), the predecessor of HDB.
The systems were developed around the very same period as those in the Tiong Bahru sanctuary. “Several purchasers took the Tiong Bahru flats as an instance, as these have leases of less than half a century as well as yet, rates are holding at around $1,000 psf,” claims Lye. “The attraction of the devices in the Heritage Collection is that they feature a fresh 99-year lease.”
In terms of typical rates, units at Heritage Collection are around $1,780 psf, while those of the Horizon Collection go to $1,980 psf, as well as the Optimal Collection has prices from $2,250 psf.
As a result of the overwhelming feedback, the developer is launching an additional 200 units on September 8. These units include those in the Optimal Collection, located on the 37th to the top floors of the twin 56-storey towers. Most of these units are south-facing with prime waterfront views, says UOL’s Goh.
“Afterwards, we are releasing the task overseas, as we are receiving enquiries from foreign buyers,” adds Goh.
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