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PROJECT DETAILS

 
 

The Housing and Development Board (HDB) has sold a residential site in Silat Avenue as part of Government Land Sales (GLS). This land parcel is bounded by Silat Avenue, Kampong Bahru Road and Jalan Bukit Merah, in the Central Region of Singapore.. It is listed under reserved list of sites and is allocated to be developed into a residential condominium. It has a site area of xxx,xxx square feet of land and is expected to house approximately 1,xxx residential apartments.

 

New Silat Avenue Condo- Connectivity
The nearest train station is Outram Interchange where the North East Line and the East West Line are available. Future residents will find it a breeze to commute with these complete train services. With its convenient location in the Central Region, future residents of condo in Silat Avenue will take drivers 6 minutes to reach Orchard Shopping District and 8 minutes to Central Business District (CBD), City Centre and Marina Bay. Drivers can easily link to Ayer Rajah Expressway (AYE) which connects to Marina Coastal Expressway (MCE). The Bukit Merah Flyover will also connect future residents of condo in Silat Avenue to Central Expressway (CTE). These allows easy connectivity to various parts of Singapore. Southern Waterfront District Vivocity, Harbourfront, Universal Studio, Resort World and Sentosa.
 
 

New Silat Avenue Condo- Amenities
There are more than 10 shopping malls nearby New Condo at Silat Avenue. Options are plenty when it comes to dining. Residents can choose to indulge in the bistros located along Tanjong Pagar Road, Amoy Street and all the way till Mosque Street. For residents who prefers local food, there are food centres that are located within short distance from which are Tanjong Pagar Market & Food Centre, Chinatown Complex, Maxwell Food Centre, People’s Park Complex Food Centre, Amoy Street Food Centre, Tiong Bahru Market & Food Centre, Hong Lim Market & Food Centre and Lau Pa Sat.

 

New Silat Avenue Condo- Education
New Condo launch in Silat Avenue


There is strong rental demand from tenants working the CBD, Orchard, MBFC and Pasir Panjang area especially in and near Tanjong Pagar area. Rental yield can be expect to increase as well. Value in or near CBD area is always on the rise and with the upcoming Waterfront City, this will most probably have a high impact on New Condo at Silat Avenue return.

 


 

  
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Project  Silat Avenue New Condo
Developer  UOL UIC and Kheng Leong
Location  Silat Avenue
District  03
Tenure  99 years lease
Site Area  square metres/      square feet
GFA:   square metres/   square feet
Plot Ratio
Expected TOP:
Total Units  Approximately 1,000 residential apartments
Total Carpark
Development  Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner can buy

LOCATION and AMENITIES

FACILITIES and SITE PLAN E-BROCHURE

The Facilities and Site plan of new condo launch at Silat Avenue are currently seeking approval from relevant authorities. 

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RESIDENTIAL FLOOR PLANS E-BROCHURE

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AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF

BENEFITS OF LIVING IN MIXED DEVELOPMENTS IN SINGAPORE

Live, Work and Play – the philosophy that everyone in the world tries to attain. The ability to concentrate at work, the convenience of going home, and the availability of various recreational activities all within easy access. Who wouldn’t want this kind of lifestyle? In a busy country like Singapore, where the economy and global population has always been on the upside, it is not impossible to experience this ambitious way of living. With the rise of mixed development properties, the “live, work, play” philosophy is now made imaginable.

In a land-scarce country, addressing the concerns of creating residential properties while mixing urban livability has always been a major problem. Being able to offer homes and amenities all at the same time is not easy, but possible. With mixed development properties, residents can enjoy the convenience of having commercial spaces right where they live. From supermarket, grocery store, restaurants, pubs, retail shops, beauty salons, clothing stores and cinemas – you literally have a mall just below your unit.

Mixed-used development is a type of urban housing that combines residential and commercial spaces in one. Other services can likewise be integrated into the development such as industrial, cultural and institutional trades. Mixed developments can be a single building, city block or complex of buildings that forms a community.

Residential units plus shopping mall is the most common type of mixed development in Singapore. Usually, the shopping mall is located on the first few floors while above are the residential units. There are also mixed developments with integrated hotel rooms inside the building.

5 Benefits of Mixed Developments Singapore

Utmost convenience and accessibility are not the only advantages of mixed developments. It’s more than just a residential unit and shopping mall combined as one. While most people see mixed developments as something risky for their private life, there’s more to these properties than privacy issues. Check out their advantages below.

  1. Unparalleled Convenience

Convenience at its finest is the ultimate advantage of mixed development properties. With everything you need right within reach, you don’t have to travel far from home just to fetch daily necessities. From doing your grocery to obtaining basic supplies, you can even buy a brand new shoes or shirt just by going down on your unit. Bringing retail therapy close to home has many advantages such as:

  • You don’t have to strain your arms travelling with huge grocery bags on your hand.
  • Restaurants and food shops within the building provides an easy access to sumptuous meals.
  • Driving away from home just to visit shopping malls is virtually not needed.
  • You don’t have to rush from home just to catch your favorite movie.
  • You can even find a work right inside the building saving you tons of precious time and money.
  • With different recreational activities within reach, it’s impossible to have a dull moment.
  1. Saving Costs

There are many advantages of mixed developments, to one of which is that your expenditures will be greatly minimized. The cost of fuel is on all-time high, and by reducing the need to travel, it allows you to save a huge amount of sum. Also, you don’t have to pay parking fees and take public transport just to buy a bag of chips or frozen meats. Right within your development grounds are various stores to cater all your needs. Less travel definitely means less spending.

  1. Higher Chances of Passive Income

They say that properties close to MRT stations always fetch higher rental income, but this isn’t always the case. The added benefit of having a mall just below your unit can likewise fetch high rental income. Mixed developments are attractive to tenants because of the convenience and accessibility it brings. Tenants are willing to shell out more provided that they have everything they need in just one roof. Additionally, since there are office spaces and employees within the development, it equates to unlimited supply of possible tenants.

  1. Increasing Location Value

There is a common notion that mixed-used developments are only for affluent people. Why? Because most of them are priced so high that a low income Singaporean won’t be able to afford. While this might be true in some forms, it plays a huge role on increasing the intrinsic value of the district or location. With affluent people flocking the area, it significantly intensifies the reputation of the district. Attracting more wealthy spenders, it makes the area a highly “desirable” location.

  1. Flexible Investment

Last but definitely not the least benefits of mixed developments Singapore is its flexibility to hold your investmentdepending on your desires. If you decide to let go of your unit, listing it on the open market is a great option. Keep in mind that a well-designed mixed-used development sitting on a great location can draw hundreds of potential buyers. Furthermore, you could sell your unit to foreigners since most of them are attracted on convenient city living. On the other hand, if you don’t want to let go of your property, there’s always a possibility of renting it out to gain valuable income.

Caveat Emptor

Behind the many benefits of mixed developments Singapore are disadvantages that buyers should be aware of. Not everything about mixed developments are wonderfully great, there are drawbacks that you need to consider such as:

  • Overcrowding and high-density living
  • Industrial noise from shops, pubs and restaurants
  • Privacy issues with people loitering around your home
  • More expensive than regular condominiums
  • Possibility of parking shortage as shoppers get prioritized

Final thoughts…

We can’t deny the fact that Singapore is indeed an overcrowded country. And as the economy grows, with people coming in from all parts of the world, expect to see more mixed-used properties being developed from time to time. Before handling over that cash, consider the many benefits of mixed developments Singapore but don’t forget to ponder on its drawbacks.

The addition of having utmost convenience and accessibility to everything are the driving factors of mixed-used properties. These reasons and more makes them uniquely wonderful and practically stellar.

UOL UIC and KHENG LEONG WON TOP BID FOR LAND SITE CONDO DEVELOPMENT AT SILAT AVENUE

The tender for Silat Avenue government land site closed on April 26 with just one bid. The sole bid of $1.035 billion or $1,138 psf per plot ratio (ppr) came from Singapore-listed UOL Group in a joint venture with sister companies, United Industrial Corp and Kheng Leong Company.

The 245,975 sq ft government land site at Silat Avenue, is located just off Kampong Bahru Road, and has the potential to yield an estimated 1,125 residential units. “Developers tend to be cautious when it comes to bidding for sites with more than 1,000 residential units,” notes Desmond Sim, CBRE head of research for Singapore and South East Asia. It is only 2 km from the Central Business District.

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