Avenue South Residence attracted a very strong response during its launch, with around 90 percent of the 300 units released sold on the first day (7 September).
Most of the buyers were Singaporeans, comprising both homeowners and investors, with one- and two-bedrooms emerged as the more popular units, while three- and four-bedroom units also witnessed robust take-up rates.
“Based on what we saw, buyers are particularly attracted to the growth potential of this precinct as well as the strong product attributes,” said Jesline Goh, chief investment and asset officer of UOL Group Limited.
Given the overwhelming response, she revealed that the group decided to release another 200 units, including its Peak Collection on Sunday (8 September).
“Thereafter, we are launching the project overseas, as we are receiving enquiries from foreign buyers,” she added.
Located at Silat Avenue, the 1,074-unit development comprises two 56-storey towers and five conserved four-storey apartment blocks. It offers one- to four-bedroom units, with sizes ranging from 474 sq ft to 1,668 sq ft.
Avenue South Residence is near the upcoming Greater Southern Waterfront as well as the Rail Corridor. It is also close to the future Circle Line 6, offering residents easier access to Raffles Place and Marina Bay once the new Cantonment and Keppel MRT stations open by 2025.
Its sales gallery along Alexandra View opens daily from 10am to 7pm.
Agnes Ong at PropertyGuru, edited this story. To contact her about this or other stories, email agnes.ong@propertyguru.com.sg
