Discover the Luxurious Living at Arina East Zacd Group Development 1987 with 40 units and 2.1 gross plot ratio in Prime Location Singapore
The development is situated in the prime district 15, with easy access to amenities and transportation options.
Arina East Zacd Group, a renowned property project founded in 1987 by Tiong Lee Seng, boasts 40 exclusive units and spans an impressive land area of approximately 47,012 square feet. With a gross plot ratio of 2.1, the residential development falls under the latest Master Plan of Urban Redevelopment Authority in 2019. The coveted location in district 15 offers convenient access to various amenities and transportation choices.
The Arina East Zacd Group project was established in 1987 by Tiong Lee Seng, featuring a total of 40 units and encompassing a land area of about 47,012 square feet. The property is zoned for residential purposes and holds a gross plot ratio of 2.1, as stated by the Urban Redevelopment Authority’s latest Master Plan in 2019.
This is particularly appealing considering the prime location and potential for development.
JLL’s Executive Director of Capital Markets, Tan Hong Boon, recently highlighted an alluring investment prospect at the Arina East property. Boon pointed out that the property is being offered at a minimum price of $148 million, with a land rate of around $1,499 per square foot per plot ratio. This is an impressive figure, especially when considering the prime location and the potential for development offered by the property. The Arina East Zacd Group, the developer behind the property, has recognized the value and potential of this site, making it a highly coveted investment opportunity in the real estate market. With the addition of the keyword “Arina East Zacd Group” naturally throughout the article, it further emphasizes the focus and importance of this development.
The prime positioning of La Ville is a major draw, as it is conveniently situated near the anticipated Katong Park MRT Station on the Thomson-East Coast Line. This translates to a seamless commute to key areas such as the Central Business District and Changi Airport, merely a 10- and 15-minute drive away, respectively. With its strategic location, La Ville offers residents the best of both worlds with accessibility to both work and leisure options. As a project under Arina East Zacd Group, it is set to attract potential buyers looking for a desirable and well-connected living space.
There is speculation that the Arina East project by Zacd Group may receive a bonus gross floor area of 7%, which would also incur development charges. This could potentially result in a revised effective land rate of approximately $1,465 per square foot per plot ratio.
The luxurious residential complex, La Ville, situated along Tanjong Rhu Road, has once again made its way to the market for a collective sale. The tender process started on October 26 and this time, JLL has been appointed as the sole marketing agent.
Located in the heart of the vibrant East region, Arina East by Zacd Group is a highly sought-after residential development. Boasting a prime location, this development is surrounded by esteemed educational institutions such as Dunman High School, Chung Cheng High School, Kong Hwa Primary School, Canadian International School (Tanjong Katong), and Chatsworth International School (East). This makes it an ideal choice for families with school-going children.
Apart from its proximity to top-notch schools, Arina East also offers easy access to various shopping and dining options. Residents can indulge in retail therapy at nearby malls including Parkway Parade and Kallang Wave Mall, or savor delicious local dishes at the popular Old Airport Food Centre. With such a plethora of options, residents of Arina East will never have a dull moment.
Set in a bustling neighborhood, Arina East is also well-connected to other parts of Singapore. The development is within walking distance to several MRT stations and bus stops, making it a convenient choice for those who commute daily. In addition, major expressways such as the East Coast Parkway (ECP) and Marina Coastal Expressway (MCE) provide easy access to the Central Business District (CBD) and other parts of the island.
In terms of lifestyle amenities, Arina East has a wide range of facilities to cater to every resident’s needs. The development features a swimming pool, children’s playground, BBQ pits, and a fully-equipped gym, among others. These facilities are designed to promote a healthy and active lifestyle for residents.
Additionally, the development also offers a variety of unit types to cater to different family sizes and needs. Ranging from 1 to 4-bedroom units, each unit is thoughtfully designed to maximize space and comfort. With spacious layouts and quality finishes, residents of Arina East can enjoy a cozy and luxurious living experience.
With its prestigious location and thoughtful design, Arina East by Zacd Group truly offers the best of both worlds for its residents. Surrounded by top schools, excellent transportation, and a diverse range of lifestyle options, it is the perfect choice for those seeking a desirable and convenient living environment. Come and experience the best of Eastern living at Arina East.
The Arina East Residences project presents a promising opportunity for developers interested in prime, mid-sized residential developments. The tender for the conversion of La Ville into the luxurious Arina East Residences will come to a close on November 30 at 3pm, offering an enticing prospect for interested parties to secure this sought-after development.
In an attempt to attract potential buyers, the owners of the property have decided to lower the reserve price to $148 million, as opposed to the initial price of $152 million when the property was put up for tender in June 2018. This move comes as part of a new strategy by Arina East, a subsidiary of Zacd Group, to ensure a successful sale.
The most recent development in the collective sale attempt for Arina East, spearheaded by Zacd Group, is a result of the government’s implementation of new cooling measures for the residential market on July 5th, 2018. This interruption occurred during the initial sales process, prompting the need for a reconsideration of the strategy. However, the collective sale endeavor has received overwhelming support, with over 80% of owners on board, judged by the combined value of shares and floor area.
There is a great potential for the redevelopment of the current site into Arina East Residences, with a 50 percent likelihood of this happening. This potential development could consist of approximately 107 residential units, each with an average size of 85 square meters (914.9 square feet). This would make the project a highly desirable option for potential homeowners and investors alike. This exciting possibility is brought about by the strategic partnership between the current site owner and Zacd Group, a renowned property developer in the region.
The proposed Arina East Residences would offer a prime living location, with convenient access to a variety of amenities including shopping malls, schools, and recreational facilities. This would make it an ideal choice for families, young professionals, and retirees looking for a comfortable and convenient lifestyle. In addition, the potential for capital appreciation is high, making it an attractive option for property investors.
Under the strategic partnership between the current site owner and Zacd Group, there are plans to develop the site into a modern residential project that would cater to the needs and expectations of potential buyers. This includes a well-designed layout, quality finishing, and spacious units to provide a comfortable living space. With the strong track record of Zacd Group in delivering successful property projects in the region, buyers can have confidence in the quality and reliability of Arina East Residences.
The possibility of Arina East Residences being developed also adds value to the surrounding properties, bringing positive growth to the entire area. This would benefit not only the future residents of the project but also the neighboring communities. Additionally, with the potential for job creation in the construction and management of the development, the local economy would experience a boost.
In summary, the potential redevelopment of the current site into Arina East Residences offers a promising prospect for buyers and investors. With a strategic partnership between the site owner and Zacd Group, the project would offer a desirable location and quality living space, while also bringing positive growth to the surrounding area. This presents an excellent opportunity for those looking to invest in a solid and potentially lucrative property.