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News - Detailed News Story

UIC

Stock Chart
Last Done 2.820
Change +0.010 (+0.36%)
Volume 88.4
Range 2.790 - 2.830

UOL

Stock Chart
Last Done 7.530
Change -0.020 (-0.27%)
Volume 708
Range 7.510 - 7.580

Avenue South Residence pricing half of units below S$1.5 million

30 Aug 2019 09:00

UOL Group CEO Liam Wee Sin said prices may be scaled up subsequently, while certain units with potential upside may be kept aside to sell later on.

By Nisha Ramchandani

HALF of the units at the 1,074-unit development Avenue South Residence will be priced below S$1.5 million, with public previews for the project to commence on Friday.

Three hundred units will be initially launched for sale about a week later on Sept 7. One-bedroom units (474 to 527 square feet) will start from S$858,000 and two-bedroom units (657 to 883 sq ft), from $1.15 million.

The consortium behind Avenue South Residence - UOL Group, its subsidiary, United Industrial Corporation (UIC), and Kheng Leong Company - expects it to draw interest from both owner-occupiers and investors, pointing to upcoming projects in the vicinity such as the Greater Southern Waterfront, the Rail Corridor and the SGH Campus.

The 99-year leasehold development at Silat Avenue consists of one-, two-, three-, and four-bedroom units across two 56-storey towers, as well as five conserved four-storey blocks dubbed the Heritage Collection. There are 223 3-bedroom units ranging in size from 947 to 1,302 sq ft, and 104 4-bedroom units sized 1,496 to 1,668 sq ft.


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Source: Business Times
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