Singapore-listed property company UOL Group is set to start the 99-year leasehold Avenue South Residence after this season. Together with 1,074 residential units and 13,993 sq feet of commercial area, the job on Silat Avenue will have double sided 56-storey towers. At this summit, the job is considered among the tallest condominium projects in Singapore.
The job will be developed together by UOL, United Industrial Corporation (UIC) and also Kheng Leong Co at a 50:30:20 split.
Benefitting from redevelopment
The area has been zoned from the URA in its own 2013 Master Plan for long term redevelopment to residential and commercial projects using work-live-play components. It is going to also provide new chances for brand new waterfront developments later on.
View location of Parc Canberra Sembawang mrt.
In its Draft Master Plan 2019, the URA stated it might rejuvenate the Central Area by increasing housing choices in websites such as swimming, Marina South and Rochor so people may live closer to their own offices.
The URA also unveiled plans to get a continuous waterfront promenade which will seamlessly connect a variety of areas of interest across the Greater Southern Waterfront in future. Along this corridor, the newest Pasir Panjang Linear Park will join West Coast Park into Labrador Nature Reserve. This will give customers a glimpse of Pasir Panjang’s functioning container interface and Power District close.
Other potential relations will also join areas of interest along the shore into the hilltops, supplying recreational choices.
Apart from being a beneficiary of those upcoming improvements, Avenue South Residence is a brief stroll into the Rail Corridor, a former railroad line which stretches 24km in the north into the south of Singapore.
URA has revealed plans to change this corridor to a community area that joins one million individuals within 1km of the Rail Corridor. When it’s linked by 2021, it is going to spur the evolution of its environment, as stated by the URA.
Connectivity and greenery
“Avenue South Residence has been imagined to become a gateway into the live-work-play lifestyle of their future. The Greater Southern Waterfront with over 2,000ha of prime waterfront property, will give rise to a lively city center with lush business and lifestyle opportunities,” states a UOL spokesperson.
Avenue South Residence is going to have a mixture of one- to four-bedroom flats and will have more than 80 conveniences specializing in amusement, recreation and relaxation. “The 56-storey twin towers are dotted with skies gardens to adopt a green and healthy way of life,” the spokesperson adds.
UOL has also designed function rooms around the 56th storey of this job so their guests may enjoy the stunning views of the Singapore skyline. Units located on the 37th floor and greater will appreciate unblocked views.
Aside from the residential element, the project will have five cubes of elastic re-use and maintained blocks comprising eight commercial components and one childcare center. “We have retained a number of this window grilles and layout features so you’ve got a classic and nostalgic sense [in this area ],” observes the spokesperson.
The spokesperson notes:”The job will be costly compared with other jobs in the region and owners must see an upside for their own investments as the area grows.”