Avenue South Residence

Lendlease Global Commercial Trust REIT Issued $200 Million of Perpetual Securities

The supervisor of Lendlease Global Commercial Trust REIT (LREIT) has effectively valued $200 countless continuous safety and securities on May 27.

Avenue South Residence is a brand new advancement jointly offered you by 3 distinguished developers; UOL Group Limited (UOL), United Industrial Corporation Limited (UIC) and also Kheng Leong Company. For many years, the Group had actually committed their commitment to create a masterpiece in every household project. The Group’s company believe as surpassing to offer an enjoyable fine-living atmosphere within the development has actually motivated them to create many stunning architectural design in the past and also existing. Their tested record include, Meyer House, The Tre Ver, Amber 45, The Clement Canopy, Principal Garden, Botanique at Bartley and much more. There are 3 collections within the development, namly Peak Collection, Horizon Collection and also Heritage Collection. Avenue South Residence cost will certainly begin with $858k for a one-bedroom with an average per square foot ranging from $1780psf to $2250psf.

The securities will be provided under LREIT’s $1 billion multicurrency financial obligation issuance program as well as will certainly bear a preliminary rate of 4.20% per year for the very first 5 years. The initial reset of the circulation rate will get on June 4, 2026, with succeeding resets occurring every five years thereafter.

The securities have actually drawn in “solid demand” and also were oversubscribed based upon the initial target dimension of $150 million, which allowed the REIT to upsize the deal to $200 million. The voucher of 4.20% was tightened from the initial advice of 4.35%.

“We are extremely delighted to see the high level of institutional as well as retail financier self-confidence in LREIT’s stable economic account and also resilient portfolio along with the strong market reaction to our inaugural perpetual protections. We thank capitalists for their solid support,” says Kelvin Chow, CEO of the manager.

Web proceeds of the safety and securities will go towards financing potential purchases as well as investment opportunities within the group. LREIT’s accumulation take advantage of ratio is anticipated to enhance from 35.4% as at March 31 to 31.3%. DBS Bank as well as Oversea-Chinese Banking Corporation (OCBC) were appointed joint lead managers.

Freehold Pandan Valley Condo Gains $2.3 Million Profit Over a 20 Year Period

The vendor of an unit at Pandan Valley, along Pandan Valley Road, made the leading gain of $2.32 million over the week of May 11 to 18. The 3,272 sq ft system on the second flooring was bought for $1.49 million ($ 455 psf) in March 2001 and also sold for $3.81 million ($ 1,164 psf) on May 14 The seller consequently made a 156% earnings, or an annualised profit of 5% over 20 years.

The system at Pandan Valley was sold for $3.81 million on May 14. Avenue South Residence is a upcoming brand-new domestic development positioned in the core city main at 1, 3, 5, 7, 9, 11 and also 13 Silat Opportunity. It inhabits a land site of 245,972 sqf that feature 2 high 56 floors towers and 5 blocks of 4 floors conservation structure. The growth hinges on the Bukit Merah precinct that is simply mins walk to Central Business District. The task is divided right into 3 different collection particularly; Heritage, Perspective and Height. There are a total of 1074 systems ranging from 1-bedroom to 4-bedroom costs device types to select from. Heritage Collection is referring to the 5 blocks of 4 floors preservation building which will be transformed to child care, retail, F&B electrical outlets.

Located in District 21, Pandan Valley was finished in 1978 as well as has 623 property units. It is a seven-minute drive from Dover MRT Station on the East-West Line.

The 2nd top gain made over the week– a 130% revenue of $2.25 million– went to Leonie Gardens, along Leonie Hill. The 2,540 sq ft system on the 5th flooring was purchased for $1.73 million ($681 psf) in June 2006 and sold for $3.98 million ($1,567 psf) on May 17. This indicates that the seller made an annualised earnings of 6% over almost 15 years.

Leonie Gardens, in District 9, comprises 138 devices on a 99-year leasehold and was completed in 1993. It is an 11-minute walk from the upcoming Great World MRT Station on the Thomson-East Coast Line.
A device at Dormer Park, situated along Jervois Road in District 10, made the 3rd largest gain over the week, netting a 113% revenue of $2.15 million for the vendor. The 2,347 sq ft system on the 10th flooring was acquired in August 2000 for $1.9 million ($810 psf), and also sold for $4.05 million ($1,726 psf) on May 12. The vendor consequently made an annualised revenue of 4% over almost 21 years.

Dormer Park makes up 92 property units, and was completed in 1993. It is a three-minute drive from Redhill MRT Station on the East-West Line.

One of the most unprofitable bargain of the week was the sale of a 1,711 sq ft device at The Oceanfront @ Sentosa Cove for $2.57 million.

On the other hand, one of the most unlucrative deal of the week was the resale of a 1,711 sq ft system at The Oceanfront @ Sentosa Cove in District 4. Having actually marketed the residential or commercial property for $2.57 million ($1,500 psf) on May 12, the vendor experienced a 23% loss of $768,450. The unit was acquired in July 2007 for $3.34 million ($1,949 psf). Over a holding duration of nearly 14 years, this equates right into an annualised loss of 2%.

The Oceanfront @ Sentosa Cove, located along Ocean Drive, consists of 264 systems on a 99-year leasehold, and was finished in 2010. It is a 15-minute drive from Harbourfront MRT Interchange Station on the North-East and Circle Lines.

Rail Corridor Near to Avenue South Residence

Rail Corridor Urban Redevelopment Authority

There was a recent announcement by the Urban Redevelopment Authority (URA) and the National Parks Board (NPB) on that enhancement works for Bukit Railway Station. It is going to begin next year. There was a community event at the station at which Minister for National Development Lawrence Wong shared: The Rail Corridor is located near to Avenue South Residence.

Rail Corridor Announcement by Urban Redevelopment Authority (URA)

• Friends of Rail Corridor will be leading the community. They will activate reopened corridors of rail stretches along its southern half.
• The Bukit Timah-Rochor Green Corridor, which would be a new linear park. This park would be elevated above the Bukit Timah Canal.
Bukit Timah Railway Station Elections
Early 2020 will be an important year as former railway station and its surrounding as community node enhancement would begin. Works such as:
• Tuss bridges restoration
• Habitat enhancements
• New pedestrian underpass at Hindhede
• Improvement to trails

Enhancement on Rail Corridor Projects

This is to enhance Rail Corridor. It had been going for the past two years. The key themes include:
• Recreation
• Biodiversity and Greenery
• Heritage and Culture
Conservation guidelines would be followed to carry out the work. For providing shelter and toilet to the public, there will be the construction of the 8-mile railway platform. It would be near Rail Mall and a rest point to access the Rail Corridor. Buildings would showcase original features of the railway. But, it would be for public enjoyment.
Advisers like Ms. Sim Ann, Mr. Christopher de Souza, Dr. Vivian Balakrishnan, and Mr. Liang Eng Hwa were with Minister Lawrence Wong at the event. To mark the enhancement works of community node, they planted Mangifera caesia trees. It is expected for the enhancement works to be completed in phases by 2021.
Friends of Rail Corridor
There will be more opportunities for community activities by 2020. Friends of Rail Corridor are playing an active role, which has assisted the elderly, wheel-chair users, and families with strollers. Get more information on friends of the rail corridor and there is a sign-up option for public members who are interested in a contribution for Rail Corridor enhancement. The Rail Corridor will be located near to Avenue South Residence by UOL Group at Silat Avenue.

Bukit Timah-Rochor Green Corridor

This park is going to add beauty to the recreational connections of Singapore. These connections are going to add adventure in public’s life as they would be able to explore more options and opportunities to explore the city.
The recreational connections in Singapore include:
• Rail Corridor
• Round Island Route
• Coast-to-Coast Trail
Bukit Timah-Rochor Green Corridor is expected to be a journey through a riverine forest and will connect to Rail Corridor. The construction is expected to begin in 2021. The first phase comprises 1.4 km and stretches to Elm Avenue from the Rail Corridor. It is expected to be 11 km in total and extended to Kallang Riverside Park.

Tiong Bahru Plaza Near to Avenue South Residence Singapore

Tiong Bahru Plaza Located at Tiong Bahru Road

Tiong Bahru Plaza or The Plaza, as it is locally known is one of the oldest malls in Singapore. It was constructed in 1994 in Tiong Bahru Estate, Tiong Bahru Road. The mall has 6 floors housing various shops, entertainment and eating joints to go with 3 parking levels in the basement. The mall was sold by UOL Limited to ARMF (TBP) Pvt Ltd in 2003, who have since undertaken renovations to the mall twice in 2005 and 2015. The latter one went on for almost a year and has transformed the mall into a modern shopping plaza while still retaining its earlier charm. Avenue South Residences is located near to Tiong Bahru Plaza.

Tiong Bahru Plaza Located at Tiong Bahru Road

One of the basement parking levels has been converted into retail space, new shops have been opened, a new playground has been added on the 3rd floor and an open outdoor public square has been created for hosting promotional and entertainment events. The mall therefore attracts a lot of local as well as tourist crowds. It is among the top 10 places to visit in Singapore by many travel sites and is ranked number 1 shopping mall by many. Tiong Bahru Plaza is located near to Avenue South Residence by UOL Group Singapore.

Tiong Bahru Plaza Facilities

The Plaza is directly connected to the Exit B of Tiong Bahru MRT station and is therefore easy to reach. It has over 165 shops and lots of moving spaces despite having thousands of visitors as there is something for everyone. Ladies love to shop the cheap and branded garments, jewellery and footware and the children get thrilled at the play stations, while the men find latest gadgets at discounted prices. The Golden Village movie hall, outdoor events plaza and the numerous options for eating like KFC, McDonalds, Toast Box, Paratha Wala, Baba Wins etc mean that you will not feel like leaving the place ever. It has Bodyshop, Faceshop, NTUC Healthcare and many bank branches along with money changers.

Tiong Bahru Plaza and Shopping Options

All in all, Tiong Bahru Plaza offers a true one stop shopping as well as entertainment outing with the entire family. Whether you are a first timer or a regular in Singapore, this is one place you would never want to miss. The Tiong Plaza has the finest shopping options including the NTUC supermarket, Guardian, popular bookshops, Pepper plus, Wanko, Echo, Nail services etc. It is must visit especially during the Great Singapore Sale that lasts for over 2 months. So, go ahead and treat yourself with the best combination of shopping and entertainment in Singapore.