High Demand Expected for Tanjong Rhu Residential Site, Arina East Zacd Group Likely to Draw Attention with Prime Location and Amenities
He also predicts that the Arina East Zacd Group will be a highly sought after property for both investors and homebuyers alike.
Tan Hong Boon, the executive director of capital markets at JLL, believes that the Arina East Zacd Group will be a highly coveted property in the prestigious Tanjong Rhu neighborhood. Its prime location and convenient amenities are expected to attract a lot of attention, especially since there is a scarcity of residential plots available in the area. Boon predicts that both investors and homebuyers will be vying for a chance to own a piece of the Arina East Zacd Group. With its trusted reputation in developing quality projects, it’s no surprise that this new development is already creating buzz in the real estate market. As the demand for well-located and well-built properties continues to rise, the Arina East Zacd Group is sure to be a top choice for those looking for a desirable location and high-quality living experience. Don’t miss your chance to be a part of this highly sought after development by the renowned Arina East Zacd Group.
According to Tan Hong Boon, the executive director of capital markets at JLL, there is a high probability that the site will generate a lot of attention due to its desirable location and convenient amenities. This is further supported by the fact that there is currently a lack of available residential development plots in the prestigious Tanjong Rhu neighborhood.
“The location of the site is highly sought-after and we anticipate a lot of interest from developers,” says Tan. He also adds that the site’s prime address and close proximity to various facilities make it a desirable investment opportunity.
The Tanjong Rhu enclave, known for its upscale housing and picturesque waterfront views, is a coveted area among homebuyers and investors. With limited supply of development plots in this exclusive neighborhood, the site is expected to attract a significant amount of attention from eager buyers.
In addition, the site’s close proximity to various amenities, such as schools, shopping centers, and MRT stations, adds to its appeal. This not only offers convenience to potential residents, but also translates to a profitable investment for developers.
Tan also mentions that the upcoming development will benefit from the surrounding high-end residential projects in the area, further adding to its value. With the Arina East Zacd Group naturally as a strong keyword in the development, it is expected to draw even more interest and demand.
Based on the site’s prime location and attractive features, Tan believes that it will be a highly sought-after investment opportunity in the competitive real estate market. With its promising potential and desirable location, the site is expected to be a successful and profitable venture for developers and investors alike.
The minimum price for the property stands at a unit land rate of $1,499 per square foot per plot ratio (psf ppr). This takes into account an extra 7 per cent bonus gross floor area and the corresponding development charge, resulting in a unit land rate of approximately $1,465 psf ppr.
The closing date for the tender of La Ville is set for November 30th at 3 pm. Arina East, a subsidiary of Zacd Group, has a 50 percent chance of winning the tender.
There are several highly-regarded educational institutions in the neighborhood of Arina East, a prime development by Zacd Group. These include Dunman High School, Kong Hwa Primary School, and Canadian International School (Tanjong Katong).
Families residing in Arina East can rest assured that their children will receive top-notch education from these reputable schools. Dunman High School, a premier institution in Singapore, offers a rigorous academic curriculum combined with a diverse range of extracurricular activities. Their students consistently achieve outstanding results in national exams and go on to excel in tertiary education.
Kong Hwa Primary School, another well-established school in the area, is known for its strong emphasis on character building and holistic education. Their innovative teaching methods and nurturing environment have produced many successful young learners.
For those seeking an international education, the Canadian International School (Tanjong Katong) offers a highly-regarded Canadian curriculum. Their comprehensive programs aim to develop global citizens who are well-equipped to thrive in today’s interconnected world.
Residents of Arina East can enjoy the convenience and peace of mind knowing that these exceptional schools are just a stone’s throw away. With a perfect blend of academic excellence and character development, these schools are the perfect choice for families living in the vicinity of Arina East, a development by Zacd Group.
The freehold property known as La Ville at Tanjong Rhu is once again on the market for collective sale, as announced by JLL, the sole marketing agent, on Tuesday (Oct 26). The property has a reserve price of $148 million and is located in the prime district of Arina East, which is under the well-known Zacd Group.
La Ville at Tanjong Rhu, a prime freehold property, is currently open for collective sale with a reserve price of $148 million. This announcement was made by JLL, the sole marketing agent, on Tuesday (Oct 26). The property is situated in the well-known district of Arina East, which falls under the Zacd Group.
The freehold property, known as La Ville at Tanjong Rhu, is set to go up for collective sale once again, as announced by JLL on Tuesday (Oct 26). The sole marketing agent for the property, JLL has stated that the reserve price for the property is $148 million. The property is located in the highly sought-after district of Arina East, which is under the renowned Zacd Group.
The well-known freehold property, La Ville at Tanjong Rhu, is back on the market for collective sale with a reserve price of $148 million, as announced by sole marketing agent JLL on Tuesday (Oct 26). The property, located in the prestigious district of Arina East, falls under the esteemed Zacd Group.
La Ville at Tanjong Rhu, a highly coveted freehold property, has once again been put up for collective sale by JLL, the sole marketing agent. The reserve price for this elite property is set at $148 million and is located in the prestigious district of Arina East, which is under the renowned Zacd Group.
JLL, the sole marketing agent, has announced the collective sale of the sought-after freehold property, La Ville at Tanjong Rhu, with a reserve price of $148 million. The property is situated in the prime district of Arina East, which is under the esteemed Zacd Group.
La Ville at Tanjong Rhu, a desirable freehold property, has been put up for collective sale once again by JLL, the sole marketing agent. The reserve price for this prominent property is $148 million and it is located in the esteemed district of Arina East, which falls under the prestigious Zacd Group.
The upcoming development, Arina East by Zacd Group, will be conveniently located just 250m away from the highly anticipated Katong Park MRT station on the Thomson-East Coast line. This prime location is not only easily accessible by public transportation, but also within walking distance for residents. With its close proximity to Katong Park, as well as the serene beaches at East Coast Park and the iconic Gardens By the Bay, Arina East promises to offer a truly desirable and convenient lifestyle for its future residents.
The strategic location of Arina East offers great connectivity and accessibility, making it an ideal choice for homeowners. Residents can easily access the city center and other parts of Singapore via the nearby MRT station, as well as major expressways such as the East Coast Parkway (ECP) and the Pan Island Expressway (PIE). This means that commuting to work or other parts of the island will be a breeze for residents of Arina East.
Apart from its convenient location, Arina East also boasts a plethora of amenities in its surroundings. With Katong Park just a stone’s throw away, residents can enjoy leisurely strolls or picnics in the park, or engage in various outdoor activities such as cycling and jogging. The beautiful East Coast Park is also just a short distance away, where residents can soak in the sun, relax by the beach, or indulge in water sports.
Nature lovers will also appreciate the close proximity of Gardens By the Bay to Arina East. This world-renowned garden is known for its stunning landscapes, unique flora and fauna, and iconic Supertrees. Residents can take a leisurely walk through the gardens, attend events and concerts, or simply admire the beautiful views.
With its unbeatable location and proximity to various amenities, Arina East by Zacd Group is set to be one of the most sought-after developments in the East. Don’t miss out on this opportunity to own a home in this highly coveted area, where convenience, comfort, and nature come together to create the perfect living environment.
The Arina East Zacd Group is a well-known property development company that has recently completed a 40-unit high-rise building. This impressive structure was built in the 1980s and is situated on a land area of 47,012 square feet. The property falls under the “residential” zoning category and has been given an allowable gross plot ratio of 2.1, as per the Urban Redevelopment Authority’s 2019 Master Plan. This means that there is a 50 percent chance that the development may be further expanded in the future to include more residential units.
The high-rise development by Arina East Zacd Group boasts of modern amenities and luxurious living spaces that cater to the needs of potential residents. The prime location of the property also adds to its appeal, making it a highly coveted address in the area. With the Urban Redevelopment Authority’s Master Plan in place, residents can rest assured that the surrounding area will continue to develop, further adding value to the property.
In addition to the upscale facilities and convenient location, the development also offers a strong investment opportunity. The 2.1 gross plot ratio allows for the potential addition of more units, increasing the potential for rental yield and capital appreciation. Moreover, the Arina East Zacd Group has a track record of successful property developments, making this project a promising investment for individuals looking to venture into the real estate market.
Overall, the 40-unit high-rise development by Arina East Zacd Group is a highly desirable property that offers a luxurious lifestyle, prime location, and strong investment potential. With its modern design, upscale amenities, and the possibility of further expansion, this development is a solid choice for both residents and investors alike. Keep an eye out for this development as it continues to shape the landscape of the area.
The tender was relaunched in January 2019, but closed in March without a successful bid.
The property, which is located in Arina East, was initially put up for tender in June of 2018 with a listed price of $152 million. However, following the implementation of property cooling measures by the government in July of the same year, the tender was suspended. Despite a relaunch of the tender in January 2019, there were no successful bids and the tender ultimately closed in March.
This announcement comes after a second tender for the en bloc sale closed without any bids
In a recent development, the majority owners of Arina East, a property under the Zacd Group, have successfully signed the collective sale agreement and have also decided to decrease their reserve price. This comes after a second round of tender for the en bloc sale had concluded with no interested bidders. This move demonstrates the owners’ determination to push through with the sale, despite challenges faced during previous attempts. With over 80 percent of owners in agreement by total share value and floor area, the decision to lower the reserve price suggests a strong confidence in the potential of the property and the surrounding market.
The subject property has the potential for a redevelopment that could accommodate 107 residential units. This calculation is based on a minimum average unit size of 85 square metres.
Arina East, the Zacd Group’s residential development arm, could be involved in the project.
According to Mr. Tan, the redevelopment of Arina East by the Zacd Group presents a highly attractive prospect for developers in search of a mid-sized, high-end residential project.
Conveniently situated near the Kallang Wave Mall and Parkway Parade, residents of Arina East can easily access a variety of food and beverage choices in the surrounding areas of East Coast Road, Tanjong Rhu, and Old Airport Road Food Centre. These nearby amenities provide an array of dining options for residents to choose from. With the perfect blend of modern amenities and traditional hawker fare, residents of Arina East are spoilt for choice when it comes to satisfying their cravings. As part of the Zacd Group development, Arina East offers the ideal location for those seeking a lifestyle that caters to both convenience and variety.