With the announcement of The Avenir, excited buyers expect to see more updates within the next 6 months from developers. Due to the high anticipation of the condo launch, we’ve prepared a quick review for what you can expect below:
Location: The Avenir condo location looks to be a pretty attractive one. In River Valley, right on the edge of the Orchard Road shopping belt, and close to the business district of Raffles Place / Marina Bay / Shenton Way.
- Minutes to UE Square Shopping Mall and Liang Court
- 2-3 Minutes Drive to popular attractions (F&B outlets, lifestyle malls etc)
- 12 mins walk to Orchard Road
- Excellent connectivity and mature amenities and entertainment options
- Nightlife entertainment at Robertson Quay
Shops, F&B, Hotels, Banks, Supermarkets: . This part of River Valley is opposite Killiney Road (with the famous Killiney Coffeeshop), that leads to the Somerset section of Orchard Road.
The closest big shopping mall to walk to is actually Great World City, around 600m (or an 8 to 9-minute walk). Easily shop for your basic necessities here, including finding F&B options, shopping plus entertainment.
Note: Especially with the upcoming Great World MRT, residents of The Avenir will experience ultimate access and convenience, and within minutes by public transport to many important nodes on the island and CBD.
With just 12 minutes walk to Orchard Road, expect to find even busier sections of Singapore that features luxury shopping lifestyle.
Lifestyle: The Avenir location is within walking distance of Robertson Quay. This part of the Singapore River is a fascinating mix of the old and the new.
Here we have an eclectic jumble of pubs, bistros, cafes, art houses, mixed with fine dining restaurants & alfresco cafes. Many of them housed in refurbished conservation shophouses and warehouses, in delightful contrast against the sleek outlines of the new boutique hotels and hotels skirting the river.
This nightlife spot at the upper reaches of the Singapore River offers lots of pleasant places for a cosy dinner by the river, or a relaxed evening hanging out with friends. The yearly night F1 race is also in the vicinity.
A promenade runs by the river down to Clarke Quay and the CBD. So from the Avenir condo, more energetic residents can cycle or even walk to work.
Festivals and events are also great attractions in Orchard Road. If you live and stay in The Avenir, you are just a couple of street away from all the actions and fun! Some notable festivals and events include:
- Christmas on A Great Street – Soak in the joyous mood of the most celebrated festival with beautiful lightings and street art decorations.
- Music Festivals
- Sporting Events
Schools: The Avenir is ideal as it is located nearby top Singapore Schools, due to it being situated along Duenarn and River Valley Road.
Here’s some of the schools you expect to see:
- River Valley Primary School
- St Margaret Primary
- Catholic JC
- LASELLE College of Arts
- Eton House International School
Nearest MRT Station: The Avenir is 750m from Somerset MRT (roughly 10 minutes walk) on the North-South MRT Line. The new Great World MRT will be just minutes away!
When the Great World MRT station on the Thomson East Coast line starts operations in 2021, it presents a nearer connection point. The closest entrance to the station will be around 6 minutes walk away. As the Avenir is slated to complete after that, it should work out quite nicely for residents.
Read more from: https://theavenircondo.sg/the-avenir-condo-quick-review-for-residential-investment-buy/
Breaking recent news is an announcement by the Urban Redevelopment Authority-URA that two companies have been awarded the tender for a commercial and residential site at Sengkang Central, Singapore. The two, City Developments Ltd-CDL and CapitaLand managed to beat their other two shortlisted counterparts to bag the winning bid prized at $777.8 Million which translates to $923.6 per square foot per plot ratio- (psf ppr). These companies are now gearing to set base on the 3.7 hectares of land which holds the title for the largest commercial and residential tender ever won since 2015.
Background history of the winning tenderers
The City developments Ltd was founded on September 7th, 1963 and in 1965 the company finished its first 200 housing unit project. From then on, the company continues to break new boundaries in its quest to acquire, develop and sell property.
On the other hand, one of Singapore’s most profound development companies is CapitaLand. With an unbeaten record and enviable portfolio, CapitaLand has built, serviced apartments, malls, homes, and offices spread across 150 cities in over 30 countries throughout the world. The company’s main works can be seen mainly in China and Singapore and slowly exploring other prime areas like Vietnam and Indonesia.
This joint venture aims at developing the awarded land into a one-stop shop with a total of 700 apartments, retail shops, hawker center, childcare areas, public rail and bus stop, and three floors housing the community club. The two companies intend to have this mega project completed by 2022.
Tender details (Including Competitive Tenders)
The Sengkang Central tender project was unveiled on December 28th, 2017 and later closed June 21st, 2018. Seven concept proposals were forwarded by six companies with one of the companies forwarding two concept proposals. All participants were asked to present their tender prices in one envelope and the concept proposal in a different envelope.
At the shortlisting stage, the envelopes of the four successful contenders bearing the tender prices were opened. Thereafter the tenderer with the highest bid was awarded the rights to work on the project in question.
The project is considered prime owing to its favorable proximity to other Major sites in Singapore. For instance, the proposed community project will be located only 20 minutes away from the Central business district if you are driving and 25 minutes from the Dhoby Ghaut MRT Station.
Details regarding Concept Proposals
The Concept Evaluation Committee-CEC gave all six companies a chance to present their tenders before them. Thereafter, the CEC concluded that only four proposals were viable and were in line with all the requirements. The four shortlisted candidates included;
- The winners, City development Ltd and CapitaLand who set their bid at $777.8 Million
- Perennial Singapore and Qingjian Realty who proposed a bid of close to $682 Million
- Singapore Press Holdings and Kajima Development who proposed their bid at $636.39 million
- Wing Tai Holdings and Keppel Land bidding at $608.9 Million
In their proposals, the successful tenderers carefully demonstrated their building designs and layouts. They explained further how they would effectively cater to a large number of people who would regularly frequent the place. The winning proposal provided commendable solutions such as beautiful landscapes, pedestrian-friendly areas which would prove necessary in public places on the ground and first floors. They included well-designed spaces aimed at holding events and other types of gatherings.
Brief History of Sengkang
Sengkang Central was originally a fishing village known as Kangkar. In the mid-20th century, Sengkang was covered in numerous pepper, rubber and pineapple plantations. It was until 1994 when efforts began to turn the small town into a largely residential area. It was therefore divided into seven subzones which continue to undergo development to date. The first apartment building commonly known as a flat was built in 1997 in the Riverdale subzone. Now, there are numerous flats with over 65, 981 housing units in the whole of Sengkang. In a bid to turn it into a residential town, the Housing Development Board continues to approve numerous projects. Sengkang is located on the Northeast parts of Singapore and sits on prime fertile land, what with river Sungei Punggol and river Sungei Serragon, SengKang boasts of beautiful landscapes and vast greenery. The town has a population of over 232,100 people and sits on 22,000 Kilometers of land. The small town has a robust transport system that features private means, bus and the most preferred is the modern rail transport system.