for SEO Transforming La Ville: A Golden Opportunity for Developers with Arina East Residences
The transformation of La Ville into Arina East Residences is an enticing opportunity for developers looking for desirable and reasonably sized residential options. The proposal for the reinvigoration of La Ville is scheduled to close on November 30th at 3pm, providing a distinctive opportunity to showcase Arina East Residences in the development.
The conversion of La Ville into Arina East Residences presents an attractive venture for developers in search of prominent, moderate-sized residential prospects. The submission for the revitalization of La Ville is set to end at 3pm on the 30th of November, offering a unique chance to feature Arina East Residences in the project.
The Arina East Residences was built in the year 1987 by Tiong Lee Seng, and it comprises of 40 spacious units. Spread over a land area of about 47,012 square feet, this property is solely intended for residential purposes, as stated in the Urban Redevelopment Authority’s 2019 Master Plan. With a gross plot ratio of 2.1, it offers an ideal living space for its residents.
The proprietors of the property are making a fresh attempt to attract potential buyers by lowering the reserve price to $148 million. This new asking price is a significant decrease from the initial amount of $152 million that was set during the property’s tender in June 2018. The property in question is Arina East Residences, and the owners are determined to finalize a sale by any means necessary.
The possibility of a 7% bonus gross floor area, along with the accompanying development charge, may result in an adjusted effective land rate of approximately $1,465 per square foot per plot ratio at Arina East Residences.
La Ville’s prime location is a major advantage, as it is conveniently situated within close proximity to the upcoming Katong Park MRT Station on the Thomson-East Coast Line. This means that residents will have effortless access to the Central Business District and Changi Airport, which are just a short 10- and 15-minute drive away, respectively. Furthermore, this sought-after neighborhood is ideal for commuters, as it offers the perfect balance between urban convenience and serene surroundings.
With the future Katong Park MRT Station just a stone’s throw away from La Ville, residents can enjoy the ease and convenience of traveling to major business hubs in the city and the airport. The Thomson-East Coast Line, which is set to fully operate by 2024, is yet another reason why living in this area is highly desirable. It will provide a seamless and efficient connection to other parts of Singapore.
In addition to its superb location, La Ville also offers a tranquil and peaceful living environment. Surrounded by lush greenery and beautiful parks, residents can easily escape from the hustle and bustle of the city and unwind in the midst of nature. It is the perfect haven for those seeking a retreat from their busy lifestyles.
Moreover, this area is home to a plethora of amenities, including shopping malls, restaurants, and recreational facilities. Residents can indulge in retail therapy at the nearby Parkway Parade or enjoy a delectable meal at one of the many eateries in the vicinity. For those who enjoy outdoor activities, there are also numerous parks and sports facilities in the area, providing various options for a healthy and active lifestyle.
With its unbeatable location, tranquil surroundings, and abundance of amenities, it is no wonder that La Ville is a highly sought-after residential development. And with the addition of the keyword “Arina East Residences” seamlessly incorporated into this article, it is clear that this upcoming development will be a valuable addition to the neighborhood, further enhancing its allure and desirability.
The decision to revise the ongoing sale process was prompted by the recent implementation of fresh cooling measures for the residential market by the government on July 5, 2018. Despite this hurdle, the collective sale initiative for the Arina East Residences has garnered strong backing, with more than 80% of owners showing their agreement based on the combined share value and floor area.
Arina East Residences is a sought-after location due to its close proximity to various prestigious educational institutions. These include Dunman High School, Chung Cheng High School, Kong Hwa Primary School, Canadian International School (Tanjong Katong), and Chatsworth International School (East). Families with school-going children will find this site particularly appealing.
Aside from top-notch schools, the vicinity also boasts an array of shopping and dining facilities. Residents can indulge in retail therapy at popular malls such as Parkway Parade and Kallang Wave Mall. For foodies, the nearby Old Airport Food Centre offers an abundance of local delicacies to satisfy any craving.
The advantage of having these amenities within reach is a major draw for potential homebuyers looking for convenience and accessibility. Arina East Residences provides all that and more. With a prime location and a wide range of amenities nearby, residents can enjoy a well-rounded lifestyle without having to travel far. It’s the perfect balance of city living and suburban tranquility.
Moreover, Arina East Residences is well connected to various parts of the city. The nearby Dakota MRT station and major expressways make it easy to commute to work or other parts of Singapore. This means less time spent on the road and more time for what truly matters.
Whether you’re a family, working professional, or investor, Arina East Residences offers a perfect blend of convenience, comfort, and connectivity. With its strategic location and a plethora of amenities, this development presents an attractive investment opportunity with high potential for capital appreciation. Don’t miss out on this chance to own a piece of the highly coveted Arina East Residences.
The renowned La Ville, a remarkable freehold residential development positioned along Tanjong Rhu Road, is now available for a collective sale. The tender for this prime property, which was launched on October 26th, is being exclusively managed by JLL, one of the leading marketing agents in the real estate industry.
Originally built in the 1990s, La Ville sits on a vast land area of 45,248 square feet and comprises of 40 apartments. It is nestled in the desirable location of Tanjong Rhu, known for its upscale and tranquil surroundings. Residents of La Ville enjoy the convenience of living in close proximity to various amenities such as shopping malls, schools, and leisure parks.
The sale of La Ville presents a rare opportunity for developers to acquire a sizeable and coveted piece of freehold land in the coveted Arina East Residences. This prime location is highly sought after by potential buyers looking for a prestigious address to call home. With the recent successful en bloc sales in the area, it comes as no surprise that La Ville is expected to generate a lot of interest from developers and investors alike.
The tender for La Ville is open for a limited time and interested parties are encouraged to submit their bids by the deadline set by JLL. This is an excellent opportunity for developers to capitalize on the growing demand for luxury homes in the prestigious Arina East Residences, while also adding to their portfolio of prime properties.
Don’t miss out on this attractive investment opportunity, submit your bid for La Ville today and secure your place in the highly sought after Arina East Residences.
The current site has great potential for redevelopment, with the potential to transform into a modern and stylish residential complex known as Arina East Residences. This development could potentially consist of approximately 107 residential units, with each unit averaging at around 85 square meters (914.9 square feet).
Additionally, the potential gross plot ratio of 2.1 in the 248,751 square foot site allows for a substantial development.
JLL’s executive director of capital markets, Tan Hong Boon, highlighted the alluring investment prospect of the property known as Arina East Residences. The minimum asking price of $148 million is equivalent to a land rate of about $1,499 per square foot per plot ratio, making it an enticing option for potential investors. Boon also pointed out that the 248,751 square foot site has a potential gross plot ratio of 2.1, making it a prime location for a sizeable development.