Avenue South Residence

Avenue South Residence is a leasehold (99 yrs from 2018) apartment completed in 2023. It is developed by UNITED VENTURE DEVELOPMENT (SILAT) PTE LTD. The development occupies a land area of 22,806 sqm and a Gross Floor Area of 79,821 sqm. It consists of 1074 units. According to records, buyers of this development are Singaporean 86.9%, PR 10.9%, Foreigner 2.1%, Company 0.0%.

Avenue South Residence is located along Silat Avenue in Bukit Merah, in District 3. It is accessible through the nearest MRTs including Tiong Bahru EW17 and Outram Park EW16, NE3, TE17.

Based on transaction data in the last 12 months, sale prices range from S$ 1,995 psf to S$ 2,579 psf at an average of S$ 2,266 psf. Its highest recorded transaction was S$ 2,623 psf in May 2022 for a 657-sqft unit. Its lowest recorded transaction was S$ 1,696 psf in Sep 2019 for a 807-sqft unit. Its current rental yield is at 3.4%. Other nearby amenities include: 3 Grocerie(s): HAO MART PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, NG CHAI SENG.

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.