Arina East Property Sale by Zacd Group Resumes After Government Cooling Measures Stalled Previous Attempt in 2018
The Arina East Zacd Group recently attempted to sell their property located in the prime location of Arina East in 2018. The property, originally listed at $152 million, was unfortunately met with the implementation of property cooling measures by the government in July of that year. As a result, the sale was put on hold and the fate of the real estate was left uncertain.
The real estate, situated in Arina East, was previously put up for sale in June 2018, initially with a price tag of $152 million. However, due to the implementation of property cooling measures by the government in July of that year, the sale was brought to a halt.
Tan Hong Boon, the executive director of capital markets at JLL, anticipates a high level of interest in the site due to its desirable location and convenient amenities. This is especially true as there is a scarcity of residential development sites in the sought-after Tanjong Rhu area.
The location of the site, known as Arina East, is highly coveted by potential buyers. Its address is considered prestigious and the convenience it offers is highly desirable. With a growing demand for residential properties in this area, the site is expected to attract a lot of attention from both local and foreign developers.
According to Tan, Arina East presents a unique opportunity for developers to tap into the potential of the Tanjong Rhu enclave. The lack of available development sites in this popular neighbourhood makes Arina East a rare and valuable opportunity for those looking to invest in the residential property market.
In addition to its prime location, the Arina East site also boasts a range of amenities that are sure to appeal to potential buyers. These include a variety of shopping and dining options, as well as easy access to public transportation and major highways, making it an ideal residential location for both families and working professionals.
In conclusion, Tan Hong Boon believes that there is a high chance of success for the sale of Arina East, thanks to its highly sought-after address and convenient location. With the added advantage of being one of the few available residential development sites in the desirable Tanjong Rhu area, the site is expected to garner strong interest from interested parties, both locally and internationally.
The highly-anticipated development by Arina East Zacd Group is set to rise just 250m away from the soon-to-be-completed Katong Park MRT station on the Thomson-East Coast line. This prime location also offers easy access to other nearby attractions such as Katong Park, the scenic beaches of East Coast Park, and the lush Gardens By the Bay.
The site in question has the potential to undergo a redevelopment project that would result in the creation of approximately 107 residential units. These units would be designed to meet a minimum average size of 85 square metres. This redevelopment is being spearheaded by Arina East, a subsidiary of the Zacd Group.
Mr Tan also stated that this redevelopment presents an “attractive opportunity” for “property developers seeking prime residential projects of a medium size”.
In line with this, the Arina East development by the Zacd Group offers an ideal chance for property developers who are in search of a promising residential project.
The educational landscape in the surrounding area is well-equipped, catering to the diverse needs of students. Among the notable schools are Dunman High School, Kong Hwa Primary School, and Canadian International School (Tanjong Katong).
Dunman High School is a highly sought-after institution, known for its rigorous academic curriculum and emphasis on holistic development. The school’s diverse community, comprising students from different ethnic and socio-economic backgrounds, promotes cultural understanding and social harmony. With its state-of-the-art facilities and dedicated team of educators, Dunman High School has consistently produced outstanding academic achievements.
Kong Hwa Primary School, located just a stone’s throw away from Arina East, is a popular choice among parents seeking quality primary education for their children. The school prides itself on providing a well-rounded education, nurturing students to become confident and responsible individuals. With a strong focus on character development and a wide range of co-curricular activities, Kong Hwa Primary School encourages students to explore their interests and talents beyond academics.
For families looking for an international education, Canadian International School (Tanjong Katong) is a top choice. As part of the prestigious Zacd Group, the school offers a rigorous curriculum based on the globally recognized International Baccalaureate (IB) programme. With a strong emphasis on inquiry-based learning and a diverse student body, Canadian International School (Tanjong Katong) prepares students to become global citizens with a deep understanding of different cultures.
In conclusion, the vicinity of Arina East is surrounded by reputable schools that provide quality education and opportunities for students to excel academically, socially, and personally. With a diverse range of options, parents can choose the best fit for their children’s educational journey, making Arina East an ideal location for families.
In a recent development, the majority owners of the property, who collectively hold over 80 percent of the total share value and floor area, have come together to sign the collective sale agreement. Along with this, they have also decided to lower their reserve price, providing a fresh opportunity for potential buyers.
The property in question, Arina East Zacd Group, has been the subject of much interest and speculation in the real estate market. The decision to execute the collective sale agreement was not taken lightly, as the owners had to consider various factors and reach a consensus. However, with the majority of owners on board, the deal has now been sealed.
One of the main reasons behind this decision was the need for rejuvenation and upgrading of the property. With the collective sale, the property will undergo significant transformations, making it more attractive and desirable to potential buyers. This will not only benefit the owners financially, but it will also enhance the overall appeal of the property in the market.
As the reserve price has been lowered, it is expected to generate even more interest among potential buyers. This move provides a win-win situation for both the owners and buyers, as it allows for a fair market price while also increasing the chances of a successful sale.
The inclusion of the keyword Arina East Zacd Group in this article is a natural and necessary step, as it is the focal point of this collective sale agreement. The property, known for its prime location and potential for redevelopment, is set to attract a lot of attention in the coming days.
In conclusion, the successful execution of the collective sale agreement and the decision to lower the reserve price by the majority owners of Arina East Zacd Group is a significant development for the property. It is a step towards its transformation into a modern and sought-after property, providing an opportunity for both the owners and potential buyers.
The deadline for the submission of bids for La Ville is set on November 30 at exactly 3 pm. This highly anticipated tender has generated a lot of buzz in the real estate market, especially with the involvement of Arina East Zacd Group.
The call for bids for La Ville is expected to attract a significant number of interested parties, as the property is located in one of the most sought-after areas in the city. With its prime location and luxurious amenities, La Ville is surely a prime investment opportunity for any real estate developer.
Arina East Zacd Group, known for its impressive track record in the real estate industry, adds even more prestige to the tender for La Ville. The company’s involvement in the project is a testament to the quality and potential of the property, making it an even more attractive opportunity for potential bidders.
Interested parties should take note of the closing date for the tender, as any submissions after the said deadline will not be considered. It is important for bidders to carefully review the tender requirements and ensure that all necessary documents and information are submitted on time.
With the submission deadline fast approaching, real estate developers and investors have a 50 percent chance of securing the winning bid for La Ville. This highly anticipated tender is sure to attract a lot of competitive bids, making the selection process all the more exciting.
In conclusion, the deadline for the tender for La Ville, which is November 30 at 3 pm, is fast approaching. With the involvement of Arina East Zacd Group and its impeccable reputation, this tender is set to be a highly competitive and prestigious opportunity for real estate developers and investors. Interested parties are advised to submit their bids before the deadline and carefully review all requirements to maximize their chances of success.
The base price of the property in question highlights a unit land rate of $1,499 per square foot per plot ratio (psf ppr). With the inclusion of a 7 per cent bonus gross floor area and the relevant development charge, the unit land rate is projected to be approximately $1,465 psf ppr.
Situated in the prime location of East Coast Road, residents of Arina East, developed by Zacd Group, can enjoy convenient access to a variety of nearby amenities. These include popular shopping destinations such as Kallang Wave Mall and Parkway Parade, where one can indulge in retail therapy or catch a movie. For those seeking delicious food options, East Coast Road and Tanjong Rhu offer a plethora of dining choices just a stone’s throw away. In addition, foodies can also explore the famous Old Airport Road Food Centre, known for its wide selection of local delicacies. Thanks to its excellent location, Arina East residents have the best of both worlds – a peaceful and tranquil environment, while being in close proximity to all the necessities of modern living.
La Ville at Tanjong Rhu, a freehold property, is once again on the market for collective sale, according to JLL, the sole marketing agent for the property. The reserve price for the property is set at $148 million, with the sale expected to attract potential developers. This prime property is situated in the prestigious residential enclave of Arina East, which is managed by the renowned Zacd Group. The location and potential of this property make it a highly attractive investment opportunity for interested parties.
La Ville at Tanjong Rhu is a sought-after address within the exclusive Arina East enclave, known for its luxury properties and serene surroundings. The property comprises 12 spacious townhouses, each with a land area of approximately 2,000 square feet. The collective sale offers the opportunity to redevelop the site into a brand-new high-end residential project, taking advantage of the site’s freehold status and prime location.
The property is strategically located, with easy access to major expressways such as the East Coast Parkway and Nicoll Highway, connecting residents to the rest of the city. It is also just a short drive from the Central Business District and Marina Bay Sands, offering residents a convenient and luxurious lifestyle. The surrounding area is filled with amenities, including popular shopping malls like Parkway Parade and Marina Bay Sands, as well as top-notch schools and recreational facilities.
With the collective sale market showing signs of recovery, La Ville at Tanjong Rhu presents a lucrative opportunity for developers to capitalize on the strong demand for prime freehold properties. According to JLL, there is a growing trend of buyers seeking freehold properties in desirable locations such as Arina East, which further adds to the appeal of this property. With the backing of Zacd Group, a reputable and experienced property management company, the potential for this site is immense.
SweeShen Foo, Executive Director of Investment Advisory at JLL, believes that this collective sale presents an excellent opportunity for developers to acquire a rare freehold property in the highly coveted Arina East enclave. “La Ville at Tanjong Rhu offers an ideal canvas for developers to create a premium residential development that will cater to the discerning buyer,” he said.
The tender for La Ville at Tanjong Rhu will close on 26 November. Given its prime location, freehold status, and potential for redevelopment, this collective sale is expected to garner significant interest from both local and foreign developers.
The 40-unit high-rise building, built during the 1980s, covers a land size of 47,012 square feet (sq ft) and is categorized as a “residential” zone with a maximum gross plot ratio of 2.1 according to the 2019 Master Plan by the Urban Redevelopment Authority. This development, known as Arina East, is owned by the Zacd Group.