About Silat Avenue Site Land Tender
Silat Avenue New Condo land sales surprisingly attracted only a single bid by UOL at $1.04b. The single bid is surprising at the location is only 2km to Central Business District and also minutes to Sentosa and Vivocity.
On the other hand, the single bid might also be because of the huge land size in a centralise location that likely come up more than $1b which can only come from big developers with that kind of capital. This site can build more than 1,000 units.
This location is also away from MRT Station. The nearest being Outram MRT station which is about 10 minutes away if by walk. Thus this located is relatively untested as there ain’t any condos nearby for comparison. The previous land is low rise hdb.
About Silat Avenue Site
Silat Avenue New Condo is one of the finest tender launched under Government Land Sales. The land has an area of 22,851.6 square meters which is very much inviting for the bidding developers. With a 99-year leasehold tenure for the land, developers can have a huge opportunity in building a mixed development in the area.
The site has been ideal for a lot of developers as it is within an accessible distance within various establishments. It proves to have an excellent probability of a good rental yield. With an admissible Gross Floor Area (GFA) of 84,551 square meters, the area will surely be able to cater the much-needed type of home and commercial spaces of various property-seekers.
With a plot this huge, it opens a huge door not only for property investors but also for property-seekers who desire to live in a residence that’s very accommodating and convenient.
The developer aims to construct a mixed-use development that presents various units that can be both beneficial to residential property-seekers and business owners. With the conveniences surrounding the site, these will definitely be achieved. This mixed use site attracted bid of more than $1 billion as developers turn bullish in midst of rise in residential market sentiment.
Due to the huge land size 1,125 residential units can be build with retail shops on the ground floor.
Silat Avenue New Condo Location
Silat Avenue site is well situated in a blooming area if District 03, Singapore. The area has been well-surrounded with an amazingly wide array of different establishments making it one of the most booming areas in the district. Various reputable schools like Cantonment Primary School and CHIJ St. Theresa’s Convent are nearby.
Recreational establishments and shopping malls surround the area. Some on the list mentioned AA Recreational Centre, Robertson Walk, Great World City and Amped Trampoline Park – River Valley. Additionally, various food centers and known restaurants are within the immediate distance from the site.
Most property-seekers wish to find a property that has an easy access to the amenities and offices that are essentially vital for their daily life, and the location of the property is connected by major expressways like the Central Expressway (CTE) and Ayer Rajah Expressway (AYE). An array of public transports are also within the distance from the site which conveniently offers a safe and comfortable ride to the future inhabitants to and fro their destination.
| Transport | Education | Amenities |
| Outram MRT Central Expressway (CTE) Marina Coastal Expressway (MCE) Ayer Rajah Expressway (AYE) |
Zhangde Primary School Radin Mas Primary School American College Outram Secondary School CHIJ Primary Eton House International School Shelton College International |
Great World City Vivo City Tiong Bahru Plaza Singapore General Hospital Chinatown Point |
About the Developer
The developer is known for the various real estate developments that it has handled. The projects that this developer proves to have a high standard and provide magnificent architectural designs that are attractive not only to property-seekers but also investors both foreign and local. The developers is a consortium by UOL, Kheng Leong and UIC homes, being the sole bidder as they put up offer at $1.035 billion. This work out to be about $1,137 psf ppr.
It has been a recipient of various awards which demonstrate a well-distinguished reputation to the real estate industry. Not only consistent with their aim of providing luxurious developments, the developer is also engaged in keeping the 21st-century inhabitants safe and comfortable by having spacious layouts and a classy interior that matches their personality and lifestyle.
Established with great pride and dignity, this developer offers a great opportunity for property-investors to have an excellent property to invest in. The properties they’ve developed are accessible and is well-surrounded with the amenities that are fundamental to their everyday activities.
Potential of the Site
The Silat Avenue has a huge potential for mixed-use developments as is it well within an accessible distance from the Central Business District (CBD) and other major locations in the country. The area can be reached within a few minutes drive from these locations and has a great potential for an excellent rental yield.
The site measures 22,851.6 square meters that are ideal for a mixed-use development. With this land size, it can yield about 1,125 units. The Silat Avenue site has the potential to house a low-rise or high-rise building with a 50 meters and 200 meters zone respectively.
The Silat Avenue can also cater to about 450 commercial spaces which are spacious, elegant-looking and have a modern vibe for an inviting ambiance to the future clients. Additionally, the site doesn’t only provide travel convenience to the future inhabitants of the residential site but also brings an opportunity for business for a wide range of market for their business.
Though its not that near to MRT station, still, the distance to Vivo City, and Central Business District is just within 2 kilometers away, which is ideal for personnels working in CBD. Analyst expect break even price at $1,600psf and selling about $1,8xxpsf.
Silat Avenue New Condo Registration of Interest
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Review of Silat Avenue New Condo
Silat Avenue New Condo
Silat Avenue New Condo is one of the finest tender launched under Government Land Sales. The land has an area of 22,851.6 square meters which is very much inviting for the bidding developers. With a 99-year leasehold tenure for the land, developers can have a huge opportunity in building a mixed development in the area.
Product SKU: Silat Avenue New Condo
Product Brand: Property Review
Product Currency: SGD
Product Price: 10353000
Product In-Stock: InStock
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