UOL is one of the most renowned property developers in Singapore. It is behind the development of the Avenue South Residence, which is located along Silat road and is within the vicinity of the Singapore General Hospital. This property is a 99-year leasehold that is situated on approximately 5.65 acres of land and is expected to comprise of two sky-high towers of 56 floors that face the heart of the CBD. It is also projected to have 1074 pieces of one to four-bedroom houses. The lease agreement had initial specifications that the property developer had to integrate assembled and prefinished construction materials. Thus, UOL was an appropriate developer because it had prior experience in this mode of building.
Location of Avenue South Residence
This development is found on Silat Avenue. It is a few minutes (approximately 15 minutes) walk or drive away from the business district. Some of the significant facilities surrounding it include the Outram Park and an MRT post. Two other prospective MRT stations are set to be constructed before 2025, and hence this development will have reliable access to transport. There additionally multiple feeder roads and main roads that will be helpful to those who prefer using cars, buses, or other road carriers. This residence is located in a calm and peaceful edge of the business district, which will be suitable for homeowners who love serene environs.
The Value Proposition of the Property
The highest advantage would be that Avenue South residence is found right at the margin of Singapore’s business district. It is located in a quiet and elegant area, and it is of close proximity to most workplaces. If one would like to live a couple minutes’ walk from the CBD of Singapore, then this development will be an ideal option for them. Also, residents have the opportunity to access to various prime facilities such as shopping areas, offices, and the Singapore General Hospital.
Conclusion
The Avenue South Residence is bound to be successful because of its proximity to the business district. Even though it is not as close to the MRT station, people still have the option of using taxis, cars, or buses to move around the city. The success of this development is extensively dependent on its elegance and outstanding construction features. Most homeowners are probably drawn by the idea that its location is reasonably distinctive and calm. Regardless of the fact the launch dates have not been specified, the initial sales are almost sold out.