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penrose

Published by

Bernard Koh Creative

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Jointly developed by United Overseas Land, United Industrial Corp (UIC) andPenrose balance unit, many say Avenue South Residence takes advantage of its close proximity to the upcoming 24km-long Rail Corridor and the trending Greater Southern Waterfront (GSW). The housing units at the Avenue South Residence are segmented into three collections to accommodate varying homeowners’ and investors’ needs – the Heritage Collection, the Horizon Collection and the Peak Collection, with respective average prices more than $2,250 psf for the initial launch. The Kopar At Newton Price has a mix of one- to four-bedroom apartments ranging from 474 to 1,688 sq ft. Around 70% of Avenue South Residence comprises of one- and two-bedroom apartments. “Half of the project is priced below $1.5 million to offer buyers plenty of choice units to capitalise on the area’s growth story,” according to Avenue South Residence Showflat. The project is expected to be completed in 2023. How's the attractive pricing? The preview comes hot on the heels of the speech in which Singapore Prime Minister identified the GSW as a key project in the remaking of Singapore. Stretching across 30km of the southern coastline from Dairy Farm Residences Price to Pasir Panjang, the GSW will cover 2,000ha of land. It includes the PSA city terminals at Tanjong Pagar, Keppel, and Brani, which will be relocated to Tuas by 2027; as well as Pasir Panjang Terminal, following its relocation to Tuas Port by 2040. The first is that it has a first mover advantage. There are 4 other new Clavon floor plan that are earmarked to be built in that small area, and prices are poised to move up as costs for manpower, land and building materials continue to increase over time, developers would most likely have to increase their sales prices for these upcoming condominiums. One North Eden price however benefits from a reasonable land sales price.

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