The Avenir has been acquired with a tripartite joint consisting of GuocoLand (Singapore), Hong Realty, and Intrepid Investments. The collective sale at S$980 million is one of many largest sales within the last decade. The tender for your website attracted interest from a small number of foreign and local developers. It’s high sale price I even higher compared to reserve price of S$938 million by as much as 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 uses 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. All the shop units is going to be awarded between $2.2 million and $4.5 million. With an existing gross floor part of around 493,222 sq ft, The Avenir price means 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 home situated in the centre of district 9, The Avenir enjoys a strategic location that’s near to various amenities. It is both near Orchard Road shopping belt, the central business district and the future Great World City MRT station. Evaluation from consultants implies that the land cost for The Avenir may have a breakeven price ranging between $2,530 and $2,800 psf ppr having an anticipated selling price of $3,000 to $3,200 psf.
💎 FREEHOLD 👑 Prime District 9, River Valley 🚇 Near to 3⃣ MRT - Great World, Somerset, Fort Canning 🎓 1km to River Valley Primary, 2km to ACS Junior 👍🏻 Ideal Lifestyle - close to Great World City, Robertson Quay, Orchard Road & CBD, yet laidback with the Singapore River and Fort Canning Park at your doorstep
1 Bedroom Stack 02: 527sf (Best Priced 1BR stack, Greenery facing / High floor facing Fort Canning Park) $1.55 mil - $1.79mil (fr. $2,941psf)
Stack 07: 538sf (Greenery & Quiet facing, High floor facing Orchard Shopping Belt) $1.58 mil - $1.892 mil (fr. $2,937psf)
2 Bedroom Stack 01: 829sf (Facing the sculpture court/Greenery facing, high floor facing Fort Canning Park) $2.432mil - $2.757 mil (fr. $2,934psf)
Stack 04: 807sf (Facing lap pool & great lawn, high floor unblock view facing Singapore River) $2.358 mil - $2.722 mil (fr. $2922psf)
3 Bedroom Stack 03: 1141sf (Facing lap pool & great lawn, high floor unblock view facing Singapore River) $3.343 mil - $3.757 mil (fr. $2,930psf)
Stack 06: 1141sf (Greenery & quiet facing, facing Orchard Shopping Belt) $3.324 mil - $3.756 mil (fr. $2,913psf)
3 Bedroom with P/L Stack 05: 1528sf (Facing lap pool & great lawn, high floor unblock view facing Singapore River) $4.479 mil -$5.172 mil (fr. $2,931psf)
Stack 08: 1572sf (Overlooking the beautiful landscape, tranquility garden and urban farm) $4.761 mil - $5.337 mil (fr. $3,029psf)
4 Bedroom with P/L Stack 09: 2055sf (Overlooking the beautiful landscape, tranquility garden and urban farm) $6.229 mil - $6.904 mil (fr. $3,031psf)
Stack 10: 2067sf (High floor facing city skyline & Singapore River) $6.263 mil - $6.992 mil (fr. $3,030psf)
4+Family Bedroom (Unblock view of Singapore River) Stack 11: 2411sf (High floor facing the city skyline $7.304 mil - $8.222 mil (fr. $3,030psf)
P/L: Private Lift *Prices stated above is subject to change without prior notice.
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In line with the Govt directive to close all workplaces, showflat will be closed from 7th April - 1st June. It will re-open on 2nd June, subject to any changes. Sales is on-going, payment must be done through TRANSFERRING TO DEVELOPER ACCOUNT instead of physical cheque. We will still be contactable via phone calls and WhatsApp.