Singapore-listed property firm UOL Group is set to launch the 99-year leasehold Avenue South Residence later this year. With 1,074 residential units and 13,993 sq ft of commercial space, the project on Silat Avenue will have twin 56-storey towers. At this height, the project is regarded as one of the tallest condo projects in Singapore.The project will be developed jointly by UOL, United Industrial Corporation (UIC) and Kheng Leong Co in a 50:30:20 split.Located off Kampong Bahru Road, Avenue South Residence will capitalise on its proximity to the 24km-long Rail Corridor and the Greater Southern Waterfront – a 2,000ha site of prime waterfront land. The latter is the area that will be freed up by the relocation of Tanjong Pagar, Pulau Brani and Pasir Panjang terminals.
Benefitting from redevelopment
The area was zoned by the URA in its 2013 Master Plan for long-term redevelopment into commercial and residential projects with work-live-play components. It will also offer new opportunities for new waterfront developments in the future.
In its Draft Master Plan 2019, the URA said it would rejuvenate the Central Area by increasing housing options in sites such as Downtown, Marina South and Rochor so that people can live closer to their workplaces. This plan is part of the URA’s move to bring more life to the CBD and Marina Bay area after office hours.The URA also unveiled plans for a continuous waterfront promenade that will seamlessly connect various places of interest along the Greater Southern Waterfront in future. Along this corridor, the new Pasir Panjang Linear Park will connect West Coast Park to Labrador Nature Reserve. This will offer users a glimpse of Pasir Panjang’s working container port and Power District up close.Other future connections will also link up places of interest along the waterfront to the hilltops, providing recreational options.
Besides being a beneficiary of these upcoming developments, Avenue South Residence is a short stroll to the Rail Corridor, a former railway line that stretches 24km from the north to the south of Singapore. The future Woodlands North Coast and Greater Southern Waterfront areas will be linked by this trans-island “green corridor”.URA has revealed plans to transform this corridor into a community space that links one million people within 1km of the Rail Corridor. When it is connected by 2021, it will spur the development of its surroundings, according to the URA.
Connectivity and greenery
“Avenue South Residence is envisioned to be a gateway to the live-work-play lifestyle of the future. The Greater Southern Waterfront with over 2,000ha of prime waterfront land, will contribute to a dynamic city centre with exuberant business and lifestyle opportunities,” says a UOL spokesperson.
Apart from the upcoming Greater Southern Waterfront, Avenue South Residence is within proximity to the CBD, Marina Bay, future Outram Medical Campus, Harbourfront Centre and Mapletree Business City.
The spokesperson highlights: “Despite being so close to the bustle, Avenue South Residence is a gem snug in the midst of lush greenery – with the Rail Corridor running alongside, and Mount Faber, Southern Ridges, and Labrador Park just a stone’s throw away.”Avenue South Residence is close to major expressways such as Ayer Rajah Expressway, Central Expressway and Marina Coastal Expressway. It is also a short walk to Outram Park MRT Station. This station is expected to become an interchange for three MRT lines in 2021 when Stage 3 of the Thomson-East Coast Line opens. It currently serves the North-East and East-West Lines.When completed in 2025, the project will also be served by Cantonment MRT Station on the Circle Line.For price trends, recent transactions, other project info, check out the Avenue South Residence project details page
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Avenue South Residence will have a mix of one- to four-bedroom apartments and will have over 80 amenities dedicated to entertainment, relaxation and recreation. “The 56-storey twin towers are sprinkled with sky gardens to embrace a green and wholesome lifestyle,” the spokesperson adds.
UOL has also designed function rooms on the 56th storey of the project so residents and their guests can enjoy the breathtaking views of the Singapore skyline. Units situated on the 37th floor and higher will enjoy unblocked views. According to the spokesperson, at least 50% of the units will have views of the sea.Apart from the residential component, the project will have five blocks of adaptive re-use and conserved blocks consisting of eight commercial units and one childcare centre. “We’ve retained some of the window grilles and design features so you have a quaint and nostalgic feel [in this space],” observes the spokesperson.With Avenue South Residence, UOL is offering buyers a first-mover advantage. The spokesperson notes: “The project will be attractively priced compared with other projects in the area and owners should see an upside to their investments as the area develops.”To be sure, UOL has a keen eye for identifying sites with growth potential. In the 2000s, it transformed the precincts of Novena and Tiong Bahru with projects such as 1 Moulmein Rise, Novena Suites and Newton Suites in Novena; and The Regency at Tiong Bahru, Twin Regency and Regency Suites in Tiong Bahru. “Homeowners who bought these projects then, would have realised the value [over time],” the spokesperson adds.