Another Condominium near The Reef at King's Dock is called The Avenir. The Avenir has been acquired by a tripartite joint consisting of GuocoLand (Singapore), Hong Realty, and Intrepid Investments. The collective sale at S$980 million is one of the largest sales within the last decade. The tender for the site attracted interest from a handful of foreign and local developers. It's high sale price I even higher than the reserve price of S$938 million by up to 4.5%. GuocoLand and Intrepid Investments holds 40% stake each and Hong Realty holds 20% interest. Hong Leong Investment Holdings (HLIH) owns major shares in both Hong Realty and Intrepid Investments. The development features about 290 apartments and 2 commercial units. The sale comes after 80% of the owners consented the en bloc sale. Owners of the units at The Avenir will receive between $3.36 and $3.48 million as proceeds from the sale. Each of the shop units will be awarded between $2.2 million and $4.5 million. With an existing gross floor area of around 493,222 sq ft, The Avenir price translates to S$1,987 psf ppr. Adding the 10% extra balcony gross floor area, its max allowable GFA is 542,544 sq ft which reflects around S$1,806 psf ppr. Being a property situated in the centre of district 9, The Avenir enjoys a strategic location that is close to a plethora of amenities. It is both close to Orchard Road shopping belt, the central business district and the future Great World City MRT station. Evaluation from consultants shows that the land cost for The Avenir may enjoy a breakeven price ranging between $2,530 and $2,800 psf ppr with an anticipated selling price of $3,000 to $3,200 psf. If you are looking for a place to rent or buy a property then River Valley area in district 9 of Singapore is a place to consider. Properties around this region are highly sought after because they are located on prime land. Living in this neighbourhood allows you to enjoy lots of benefits from access to awesome shopping centres to easy access to other parts of Singapore. Running from Robertson Quay to Alexandra Road, River Valley area offers you close proximity to the CBD while maintaining its quietness which makes it ideal for family living. This is one of the reasons that expats love living in this neighbourhood. In this guide, we show you some of the benefits that you enjoy if you make The Avenir your home. Here are some of the factors that make the River Valley area an exact perfect location for luxurious living in Singapore. River Valley area is situated at the heart of Singapore and features several landed properties, apartments, and posh condos. One of the factors that make this region attractive to expats as well as locals is its strategic location. Despite being a bustling area, the environment is calm, which makes it suitable for singles and family people. Apart from being close to the CBD, access to amenities here is unrivalled. The future residents of The Avenir will enjoy easy access to Orchard and city areas. Besides, the many eateries available here makes finding your favourite cuisine much easier. The Singapore River is just close by, and you can enjoy evening strolls after work as you explore the area. Just 1 min away is Robertson Quay. This great place offers you an excellent destination where you get to enjoy your dinner and drinks in relaxation overlooking River Singapore. Robertson Quay also makes a beautiful place for strolling in the company of your dog in a tranquil atmosphere. With plenty of shopping amenities around and easy access, any shopping lover will appreciate staying in this neighbourhood. Some of the greatest local shopping malls such as the Great World City, Valley Point, and Liang Court are just within the vicinity. Here you can find any brand you can think of alongside great eateries to better your shopping experience. Families also love living in this region because of the many schools and kids' activities in the area. There is easy access to reputable international schools that offer quality education to your kids, such as ISS International Elementary, Chatsworth International, and Middle School campus. In terms of connectivity, you don't need to worry about getting anywhere within the neighbourhood or other parts of Singapore. Transportation is enhanced to ensure that you get anywhere with ease. With plenty of amenities around, it will take you only a few minutes to get to the nearby shopping malls and get your daily necessities. The excellent connectivity also allows people working in town or school going kids to enjoy quick commutes. Transportation is a breeze with the availability of several bus services that serve the area providing quick commutes. The nearby Orchard, Somerset, Dhoby Ghaut, and Newton MRT Stations connect this area with other parts of Singapore. For car owners, getting anywhere in Singapore is made easy with the established expressways and major roads.
While District 9 doesn't record the highest number of schools in Singapore, the schools available are enough to provide for the education needs of the families around. The availability of reputable schools right next to your home at The Avenir condo is coupled with the excellent transportation ensures that you kids get to school and home on time. Besides, the education needs of your young ones not yet attained the school-going age are not left out. You will find childcare centres and preschools conveniently located within the neighbourhood. Shopaholics love living in District 9 for good reasons. It is a shopping paradise that any shopping lover will enjoy. This part of Singapore is home to several shopping malls that will provide you with nearly anything you may need during your stay here. Considering that most of them are right at the corner from The Avenir, the future residents will enjoy the convenience that this place offers. What's more? Most of the shopping malls feature convenient supermarkets, food options, cosmetic and departmental stores. This means you will find everything, including the latest fashions from reputable brands. The availability of many malls in the neighbourhood also means you'll never miss shopping options. The entertainment facilities in some of the malls will better your shopping experience, and your kids get to enjoy the playing grounds as you do your shopping. Some of the attractive sites in River Valley area that any home buyer or investors want to stay close by are the nearby parks. Parks offer an incredible destination that you can head to when off to relax your mind in nature's arms. Fort Canning Park is one such place you will appreciate staying close to. The iconic hilltop landmark has seen Singapore's historic achievements. The park's green space gives you the refreshing experience you need to escape the hectic lifestyle. Some of the occasions that happen at Fort Canning Park include concerts, celebrations, festivals, and theatre productions. The food options available at River Valley are unlimited. You can never miss your favourite food from nearby restaurants, food courts, eateries, food kiosks, bakeries, salad bars, and more. The proximity to most of these eating destinations allows the future residents of The Avenir to enjoy quick access. So, when you feel like trying something new outside your home menu, just head to these food options and get a bite of the delicious food. The food prices are also reasonable, and you can't miss food that fit your budget. The Avenir, one of the real estate properties situated in the Core Central Region (CCR) are highly sought after by investors and homebuyers due to their excellent location. The properties here are situated in prime areas with easy access to amenities and facilities. The transportation system in this region is also enhanced, which enables the residents to enjoy smooth commutes. With the great convenience that you enjoy living in CCR living a comfortable life becomes possible. Its everyone's dream to live in a place that offers unmatched convenience. Well, properties in the prime areas bring this into reality. Amenities are not just found within the vicinity, the transport system in the neighbourhood is enhanced allowing residents to benefit from the smooth commutes. Anything you can think of from schools, shopping centres, restaurants to parks are just a stone throw away. It's not a lie that properties in CCR enjoy a good rental potential since statistics confirm the figures. One of the main reasons why properties in this area enjoy high and consistent rental income is the strategic location that allows residents living here to access anywhere they want conveniently. Being close to the CBD also makes this place attractive to people working there. With high demands for the units, the rental yields are definitely going to increase. The sales transactions from URA shows that more properties in this region have been sold as compared to other regions. The estimates from the 1stQuarter of 2018 shows an increase in private residential properties by 4.3 points from the previous 138.7 points in the 4thQuarter of 2017. This shift reflects a 3.1% increase which is higher than the 0.8% in the previous quarter. The increase in prices is caused by the rise in demand for properties in this area. Properties here also enjoy high capital appreciation due to their excellent location and will result in high prices in the future. Like said, properties in CCR enjoy high capital appreciation, which allows them to fetch high prices. Unlike properties in OCR and RCR, properties in CCR are not affected by high vacancy and oversupply, which in turn leads to low rental income. This makes properties in CCR the best investment option for anyone looking forward to enjoying rental yields.
The Avenir's full project details, location maps, floor plans, siteplans and project images and artists impressions can be found and downloaded at www.theavenir.newlaunches.sg
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