RESIDENTIAL PROPERTY | Staff Reporter, Singapore

UOL Group launches Avenue South Residence for preview

300 units will be launched with an average price of $1,780 psf to $2,250 psf.

UOL Group, its subsidiary United Industrial Corporation Limited (UIC) and Kheng Leong Company will commence the public preview of its first major residential project, Avenue South Residenceon 30 August, an announcement revealed.

Also read: UOL profits up 48% to $195.38m in Q2

The development is comprised of two 56-storey towers and five conserved four-storey apartment blocks with 1,074 units up for purchase.

It is located directly across the 2,000 hectare Greater Southern Waterfront, which was recently highlighted by Prime Minister Lee Hsien Hong as a key project for Singapore in his National Day Rally speech. It is also near the Rail Corridor and the SGH campus.

“For the initial launch of the first 300 units, we intend to launch our Heritage Collection at an average price of $1,780 psf, our Horizon Collection at $1,980 psf and our Peak Collection at more than $2,250 psf,” said Liam Wee Sin, chief executive of UOL Group.

Prices start from $858,000 for a one-bedroom unit and $1.15m for a two-bedroom unit. “Half of the 1,074-unit development are priced below $1.5m,” Liam added.

The Avenue South Residence sales gallery located along Alexandra View will be open daily starting on 30 August, from 10AM to 7PM.

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