Pacific Mansion The Avenir Condo

The Avenir Condo @ River Valley

The Avenir is an upcoming residential development that is located at the prime district 9 of Singapore. It is in the River Valley residential area which is right in the Core Central Region. The site of the development sits along River Valley Close and is bounded by River Valley Primary School and The Regalia. It is also opposite of Starlight Suites and Euro-Asia Court which are right across River Valley Close. The site of Avenir had previously belonged to Pacific Mansions, a private development which was completed in 1976 that comprised of 290 apartment units and 2 shop units. The site has a total plot size of approximately 11,924 square metres and with a gross plot ratio of 2.8.

The Avenir condo Singapore site was successfully bought over by a tripartite join venture that comprises of Intrepid Investments, Guocoland and Hong Realty which is a subsidiary of the Hong Leong Group. For the tripartite joint venture, both Intrepid Investments and Guocoland hold 40% interest each while Hong Realty has the remaining 20% stake. Hong Leong Investment has majority stakes in both Intrepid Investments and Hong Realty.

The collective sale exercise has generated much interest with biddings from a handful of local and overseas real estate companies. Eventually the tripartite joint venture has managed to acquire the land parcel with a winning price of S$980 million which is 4.5% more than its reserve asking price of S$938 million.

Each owner of the apartment units for Pacific Mansion stand to receive a sale proceeds between S$3.36 to S$3.48 million while the payouts for the commercial units are S$2.2 million and S$4.5 million.

With the additional of 10% extra gross floor areas for the balconies, the site has a maximum allowable Gross Floor Area of 542,544 square feet which translate to S$1,806 per square foot per plot ratio.

The Avenir stands out with its superior attributes including its freehold tenure, District 9 address and close proximities to important amenities and wonderful attractions.  Upon completion, the development will be a luxury condominium and an iconic landmark to add to the central Singapore skyline.

The collective sale deal was brokerage by real estate agency, CBRE. According to Mr Galvin Tan, the director for capital markets of CBRE, the result of the tender is a testimony of the extensive freehold land parcel with the excellent attributes that is located in the district nine’s core, which inclusive of the closeness to both the Orchard Shopping Belt and the downtown financial district as well as the upcoming MRT station.

The Avenir condo sits on the land parcel which is probably the largest site that has recently come into the market that is with freehold tenure and also walking distance from Orchard Road.

Therefore this project will be of quite a high profile one. This development is deemed to be living up to its expectation given its location, the attributes of the site especially with the reputation of its developer.

Other developments that are within the development’s vicinity include Martin Place Residences, Skyline 360 @ St Thomas Walk, New Futura, 8 Hullet, 111 Emerald Hills, Gramercy Park, The Nassim and The Rise @ Oxley.

The collective sale deal was brokerage by real estate agency, CBRE. According to Mr Galvin Tan, the director for capital markets of CBRE, the result of the tender is a testimony of the extensive freehold land parcel with the excellent attributes that is located in the district nine’s core, which inclusive of the closeness to both the Orchard Shopping Belt and the downtown financial district as well as the upcoming MRT station.

The Avenir condo is situated within River Valley’s residential zone. The land parcel is nearly a shape of trapezoid with the development’s frontage of the road that is in the eastwards direction to the River Valley Close. This road although is a 2 way lane street but it is not a main access.

Towards the North bound direction will be Regalia condo that will shelter the development conveniently away from the noise of the traffics from the River Valley Road which is the main arterial road.

On the West bound and South West bound of the development will be the extensive fields of the River Valley Primary School. The height of the buildings of this school should not be higher than four levels or five levels tall.

This means that on at least two sides of this development, residents should be able to enjoy a quite unobstructed view from a distance. This is particularly true when beyond the River Valley Primary School will be the Singapore River as well as the Kim Seng Park. There will be possibility that certain units will get views of those.

Coincidentally, right across the Singapore River will be the upcoming development of the Fraser Residence and also the Riviere that is of 99 years lease tenure. As an interest that is of relevance, the selling price of the Rivere condo is around S$2,900 per square foot.

The location of The Avenir condo is appealing that is in the River Valley district, at fringe of Orchard Shopping Belt and also proximity to the business hubs of Shenton Way, Marina Bay and Raffles Place.

This portion of the River Valley estate is opposite of Killiney Road which will be leading to Orchard Shopping Belt’s Somerset sector.

The nearest shopping centre that is walking distance from the development will be the Great World City which is approximately 600 m or 8 to 9 minutes’ of walk away. Future residents will be able to access to every basic necessity at this mall such as lifestyle shops and outlets, groceries, banks and plenty of F&B options from restaurants, cafes to fast food outlets.

For more variety, future residents can take a 12 to 15 minutes’ stroll to the Orchard Road Shopping Street. Along the walk, they will be passing by the Killiney Road which houses some traditional coffeeshops which serve up local tasty fare.

The location of Avenir is also walking distance to the Robertson Quay. This portion of Singapore River comprises of an enthralling blend of the new and the old.

At Robertson Quay, there is an eclectic clutter of alfresco cafes, restaurants for fine dining, art houses, bistros, cafes and pubs. Most of them are residing in the restored conservation warehouses and shophouses, in contrast charmingly against the lustrous design of modern hotels and boutique hotels that enveloped the river.

This nightspots located at the upper part of Singapore River provides many pleasant venues for cozy dining at the riverfront and an unwinding evening with friends.

About The Developer

The Avenir condo will be developed by the collaboration by two of the biggest and most established players in the Singapore’s real estate market.

It is a teaming up of Hong Realty and Intrepid Investments, which both under Hong Leong with Guocoland Limited their sister company to come together to develop this freehold land parcel.

Guocoland Limited

Guocoland is a Singapore based company that has went public on the Singapore Stock Exchange since 1978. The company is a regional player in the real estate market with its developments constructed across China, Malaysia, Vietnam, Vietnam and Singapore. More recently, the company has expanded to Australia as well as the United Kingdom.

The Group’s primary business activities will be in property management, investment and development as well as hotel operations. The Group’s portfolio in the real estate segment includes hospitality and residential projects and also integrated and commercial developments.

The Group has developed more than 10,000 homes spanning 35 projects to the local real estate market just alone in Singapore.

Notably developments by The Group include the iconic Tanjong Pagar Cente. This integrated development has blended in together Grade A office spaces of Guoco tower, 5 stars luxurious hotel, Sofitel Singapore City Centre, lifestyle retail and F&B spaces, luxurious apartment units of Wallich Residence and is fronted with a urban landscaped park.

The Group has also constructed commercial developments of large scale, integrated developments and also townships in overseas and Malaysia.

The Group also emphasizes a lot on eco-friendliness. A number of its projects that have attained awards for environmental sustainability include Leedon Residence, Goodwood Residence, Sim Urban Oasis, Waterine, Sophia Residence, Wallich Residence and Martin Modern.

Guocoland has also gained recognitions with the many awards and accolades being conferred to The Group internationally and locally for its design and work quality.

Hong Leong Investment Holdings (HLIH)

HLIH has begun to ventured into the real estate sector ever since in late 1960s. That happened when the company was consolidating its property investments and investments to Hong Leong Holdings Ltd.

The company is one of the biggest players in the real estate sector of Singapore and has earned its reputation for quality and reliability. The company also has lettable industrial, residential, office and retail spaces with more than 8 million square feet.

In the last 50 years, the company has completed numerous iconic developments that have been donning the skyline of Singapore.  It is recognized as a leader in the real estate market with more than 100 integrated, commercial and residential projects completed under its belt.

Amongst the company’s numerous development are those like Robertson Quay’s Watermark, Orchard Road’ Grange Heights, Meyer Road’s Aalto, The MeyeRise, Atria, Residences at W Sentosa Cove, St Regis Residences, Tate Residences, Sage, One Shenton and One Balmoral.

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Project Update: Pending Approval for Sale


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The Avenir Facilities And Site Plan


Amenities Near The Avenir and Their Approximate Distances

Train Stations
Great World MRT (TE15) Thomson-East Coast Line Due 2021 – 0.5km

Bus Stop
Airview Twr (Bus: 139, 54, 32, 195) – 0.2km
The Morningside (Bus: 32, 54, 195, NR6, NR7, 139) – 0.2km

Supermarkets
Fairprice (Orchard Grand Court) – 0.3km
Cold Storage (Great World City) – 0.6km
Sheng Siong (52 Chin Swee Road) – 1.0km
Giant (Redhill Close 86 – 1.6km

Shopping Malls
Great World City – 0.6km
UE Shopping Mall – 0.7km
UE Square – 0.7km
Orchard Gateway – 0.7km
313 @ Somerset – 0.7km
Orchard Central – 0.8km
Cathay Cineleisure – 0.8km
Orchard Shopping Centre – 0.8km
Midpoint Orchard – 0.8km
Orchard Plaza – 0.9km

Preschool
Kay Poh Road Baptist Kindergarten – 0.9km
Chinese Kindergarten – 1.0km
PCF SPARKLETOTS PRESCHOOL @ KRETA AYER-KIM SENG Blk 79 – 1.0km
JHS Montessori Kindergarten – 1.1km
Little Hands Montessori Kindergarten – 1.2km
Little Raindrops Montessori Pre-School – 1.2km
CS Montessori Kindergarten @ Eng Watt – 1.3km
Artskidz Preschool – 1.4km
Gracefields Kindergarten – 1.6km
PCF SPARKLETOTS PRESCHOOL @ TANJONG PAGAR-TIONG BAHRU Blk 130 – 1.8km

Primary School
River Valley Primary School – 0.1km
Saint Margaret’s Primary School – 1.5km
Alexandra Primary School – 1.5km
Zhangde Primary School – 1.6km
Anglo Chinese Junior School – 1.7km

Secondary School
Outram Secondary School – 0.9km
School of The Arts – 1.4km
Gan Eng Seng Secondary School – 1.6km
Junior College –
Catholic Junior College – 3.3km

Tertiary
The University of Chicago Booth School of Business – 0.8km
Nanyang Institute of Management – 1.3km
Duke-NUS Graduate Medical School Singapore – 1.5km
Nanyang Academy of Fine Arts – 1.6km
Singapore Management University – 1.7km
Lasalle College of The Arts – 1.9km

International School
Dimensions International College (City Campus) – 0.4km
Etonhouse Pre-School (Robertson Walk) – 0.5km
Swedish Supplementary Education School – 0.7km
Finnish Supplementary School – 0.9km
Norwegian Supplementary School – 0.9km
Chatsworth International School (Orchard Campus) – 1.0km
ISS International School (Elementary and Middle School Campus) – 1.1km

Food Centre
Zion Riverside Food Centre – 0.7km
Blk 1 Jalan Kukoh Food Centre – 0.8km
Havelock Food Centre – 1.1km
Tiong Bahru Market – 1.2km
People’s Park Complex Food Centre – 1.2km
Beo Crescent Market – 1.2km
Hong Lim Market and Food Centre – 1.4km
Chinatown Complex Market and Food Centre – 1.5km
Maxwell Food Centre – 1.8km
Market Street Food Centre – 1.9km
Blk 115 Bukit Merah View Market and Food Centre – 1.9km
Newton Food Centre – 2.0km

Lifestyle
Stardus Clubhouse – 0.4km
Home TeamNS – UE Square Club House – 0.7km
Legends – 1.0km
SAFRA Town Club – 1.4km
The French Chamber of Commerce in Singapore – 1.4km
Home TeamNS – Smith Street Club House – 1.6km
The American Club – 1.6km
Tanglin Club – 1.8km
Singapore Cricket Club – 1.8km
Singapore Recreation Club – 1.9km


Highlights

Transport Network
The Avenir is approximately 600 m away from Somerset MRT Station which operates the MRT North South Line. Future residents just need to travel 1 station towards the Marina South Pier MRT Station direction to arrive at the Dhoby Ghaut MRT Interchange Station. This MRT Interchange Station also operates the MRT Circle Line as well as the MRT North East Line which future residents can easily transit to. Avenir is also close proximity to the upcoming Great World MRT Station. This MRT Station, which will operate the newest MRT Line i.e. the MRT Thomson East Coast Line, is approximately 500 m away from the development. It is slated to start its operations in 2021. All these will provide future residents a comprehensive commuting network.

For drivers, Avenir is just approximately 5 minutes’ drive to Orchard Road and it will take them approximately 8 minutes of driving to arrive at the Central Business District (CBD). The development is also close proximity to the Central Expressway (CTE) which can easily link to other expressways such as the Pan Island Expressway (PIE) and also the Ayer Rajah Expressway (AYE).

Amenities
There is no problem in terms of accessing to shopping, dining and leisure amenities when living in Avenir. Future residents just need to take a short stroll, approximately 7 minutes, to arrive at the main Orchard Road shopping belt. This 2.2 km shopping belt is Asia’s most famous shopping street and the place for retail therapy. It is every shopper’s paradise as it is home to fashion favourites, specialist stores and plentiful of lifestyle selections. The shopping belt is fringed by iconic shopping establishments, restaurants and hotels with retail, dining and entertainment options to suit all taste and budget.

Schools
Schools that are nearby the development include Saint Margaret’s Primary School, Alexandra Primary School, Zhangde Primary School, Anglo Chinese Junior School, Outram Secondary School, School of The Arts and Gan Eng Seng Secondary School. International schools that are short radius away include Dimensions International College (City Campus), Swedish Supplementary Education School, Finnish Supplementary School, Norwegian Supplementary School, Chatsworth International School (Orchard Campus) and ISS International School (Elementary and Middle School Campus).

To summarize,

  1. Location – It is just mins to MRT Station.
  2. Prime – It is located in the prestige District 9.
  3. Reputable Developer – It is joint venture between Guocoland and Hong Leong.
  4. Amenities – It is minutes’ walk to Orchard Road.
  5. Sought After – Its superior attributes are much wanted by both home buyers and investors.

Factsheet

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Things to Note When Buying a Property:

1. Stamp Duty
2. Loan to Value Limit
3. Total Debt Servicing Ratio
4. Comparison on Mortgage Rate

Thank you for your interest in Avenir!

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