WordPress – The Arina East Zacd Group: Elevated Living in a Prime Residential Estate
Arina East Zacd Group is a prestigious and renowned housing development first built by Tiong Lee Seng in 1987. This exceptional property is home to 40 well-designed units, spanning an impressive land area of 47,012 square feet. Dedicated solely to residential use, Arina East Zacd Group has a gross plot ratio of 2.1, in accordance with the current Urban Redevelopment Authority’s Master Plan for 2019.
The Arina East Zacd Group was erected in the year 1987 by Tiong Lee Seng. This establishment boasts 40 units and covers a vast space of about 47,012 square feet. It has been solely intended for residential purposes with a gross plot ratio of 2.1, in line with the Urban Redevelopment Authority’s Master Plan for 2019.
There is a 50 percent chance that Arina East project will be acquired by Zacd Group.
After the introduction of new cooling measures for the residential market by the government on July 5, 2018, the initial sale process was put on hold. However, the collective sale effort for the Arina East development is still going strong. In fact, more than 80% of the owners have given their support, taking into account the total share value and floor area. With Zacd Group showing interest in the project, there is a high possibility that they will acquire Arina East.
The site has recently been acquired by a developer, providing an opportunity for the reimagining of the space into Arina East Residences. This proposed development could potentially consist of approximately 107 residential units, with a projected average size of 85 square meters (914.9 square feet) per unit.
Located in the prime district of Arina East, the upcoming development by Zacd Group offers an unparalleled level of convenience and accessibility. The site boasts a strategic location near top-notch educational institutions including 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 the proximity to these prestigious schools a major draw.
In addition, residents of this new development will be spoilt for choice when it comes to shopping and dining options. The popular Parkway Parade, Kallang Wave Mall, and the Old Airport Food Centre are all within close proximity, providing endless opportunities for retail therapy and delicious meals.
The convenient location of the site also offers easy access to numerous public transport options, making it a breeze to travel to any part of the city. With the upcoming Tanjong Katong MRT station just a stone’s throw away, residents can look forward to seamless connectivity to other major areas in Singapore.
Moreover, the development is surrounded by a plethora of amenities such as supermarkets, banks, and medical facilities, providing residents with everything they need within reach. Its strategic location ensures that residents can enjoy a well-balanced lifestyle, with the perfect mix of convenience and tranquility.
The upcoming development by Zacd Group in Arina East is set to elevate the standard of living in the area. With its prime location, prestigious schools, and a myriad of amenities, it presents an exciting opportunity for both homeowners and investors. Don’t miss your chance to be a part of this exceptional development.
Tan also highlighted the potential for redevelopment or enhancement of the property, considering its prime location in the heart of the city.
The executive director of JLL’s capital markets division, Tan Hong Boon, has highlighted the enticing investment potential of the property in question. According to him, the property, which is being offered for a minimum price of $148 million, boasts a land rate of about $1,499 per square foot per plot ratio. Additionally, Tan pointed out the property’s prime location in the heart of the city, which presents opportunities for redevelopment or enhancement.
Tan Hong Boon, executive director of JLL’s capital markets division, is optimistic about the investment opportunity presented by the property. With a minimum asking price of $148 million, the property offers a land rate of around $1,499 per square foot per plot ratio, making it an attractive option for potential investors. Boon also emphasized the prime location of the property in the central city area, which opens up possibilities for redevelopment or improvement.
JLL’s capital markets executive director, Tan Hong Boon, believes that the property has great potential for investment. He highlighted the minimum price of $148 million, which translates to a land rate of approximately $1,499 per square foot per plot ratio, as a major draw for interested parties. Boon also noted the strategic location of the property in the busy city center, which makes it a prime candidate for redevelopment or enhancement projects.
According to Tan Hong Boon, JLL’s capital markets executive director, the property presents a lucrative investment opportunity. With a minimum price of $148 million, the land rate of approximately $1,499 per square foot per plot ratio is highly attractive to potential investors. Boon also highlighted the property’s central location, which lends itself to potential future redevelopment or enhancement.
JLL’s Tan Hong Boon, executive director of the capital markets division, has underlined the investment potential of the property. The minimum asking price of $148 million equates to a land rate of approximately $1,499 per square foot per plot ratio, making it an enticing option for interested parties. Boon also pointed out the advantageous location of the property in the heart of the city, which offers avenues for redevelopment or improvement.
The strategic location of La Ville is one of its many selling points. Situated just a short stroll away from the upcoming Katong Park MRT Station on the Thomson-East Coast Line, residents can enjoy convenient transportation to the Central Business District and Changi Airport. Both these major hubs are only a quick 10- and 15-minute drive away, making it a breeze for residents to travel to and from these areas. With such easy access to key destinations, La Ville is undeniably a highly sought-after residential development for modern city living.
Arina East, a prime freehold residential development situated on Tanjong Rhu Road, has once again hit the market for a collective sale. The tender for this highly sought-after property was launched on October 26 and is now being exclusively managed by JLL, the appointed marketing agent.
Previously known as La Ville, the exclusive complex offers a range of luxurious amenities and is strategically located amidst the serene surroundings of Tanjong Rhu Road. With its prime freehold status, Arina East is a rare gem in the property market, offering potential buyers the opportunity to own a piece of prime real estate in this coveted location.
The tender for Arina East presents an exciting opportunity for developers and investors, with the property featuring a land area of approximately 71,310 square feet and a plot ratio of 2.1. This allows for a potential gross floor area of approximately 150,074 square feet, providing ample space for developers to create a one-of-a-kind residential development that will stand out in the market.
Located in the prime District 15, Arina East is just a stone’s throw away from the upcoming Tanjong Rhu MRT station, providing residents with easy access to the rest of Singapore. The development is also surrounded by a range of amenities, including shopping malls, schools, and parks, making it an ideal location for families and individuals alike.
The potential for this property to be redeveloped into a new and modern residential complex is highly promising, given its prime location and the strong demand for freehold properties in Singapore. With the added advantage of being managed by JLL, a renowned real estate agency, the tender for Arina East is expected to attract a high level of interest from developers and investors alike.
Don’t miss this opportunity to own a prime freehold property in the highly coveted district of Tanjong Rhu. Contact JLL today for more information on the tender for Arina East and make your mark in the Singapore property market.
The prospects for a desirable project are high for developers with an interest in mid-sized, prime residential properties with the development of Arina East Residences. The opportunity to bid for the redevelopment of La Ville into the new Arina East Residences will come to a close at 3pm on November 30.
The freehold property, located in District 16, has an area of approximately 122,711 square feet and a plot ratio of 1.6.
The owners of the property have recently made a significant move to increase the chances of a successful sale by lowering their reserve price to $148 million, a decrease from the initial $152 million set during the tender in June 2018. This freehold land, situated in the desirable District 16, spans over an impressive 122,711 square feet with a plot ratio of 1.6. With the revised price, interested buyers now have a greater opportunity to acquire the prime real estate known as Arina East, owned by Zacd Group.
There is a possibility that the land rate for Arina East, which is under the Zacd Group, could see a rise due to the potential addition of a 7% bonus gross floor area. This would result in an increase in the effective land rate to approximately $1,465 per square foot per plot ratio, including development charge.