Discover the Prime Location of Arina East Residences, Just 250 Meters from Katong Park MRT Station and Near Top Attractions like East Coast Park and Gardens by the Bay
This prime location offers residents easy access to a variety of amenities and recreational options, making Arina East Residences an ideal choice for those seeking a vibrant and well-connected home.
The highly-awaited Arina East Residences boasts a favorable location that is in close proximity to the upcoming Katong Park MRT station on the Thomson-East Coast line, which is only 250 meters away. Moreover, this development is surrounded by popular destinations including Katong Park, the stunning white sandy beaches of East Coast Park, and the spectacular Gardens by the Bay. With an array of amenities and leisure options within reach, residents of Arina East Residences can enjoy a well-connected and lively lifestyle at their doorstep.
Arina East Residences is strategically located near the highly-anticipated Katong Park MRT station on the upcoming Thomson-East Coast line, just 250 meters away. In addition to this, the development is also conveniently situated near a range of popular attractions such as Katong Park, the picturesque East Coast Park beaches, and the scenic Gardens by the Bay.
The advantageous location of Arina East Residences offers residents easy access to various modes of transportation, making commuting a breeze. The upcoming Katong Park MRT station, coupled with the nearby bus stops, provides seamless connectivity to different parts of Singapore. This is especially beneficial for individuals who rely on public transportation for their daily commute.
Nature lovers will also appreciate the proximity of Arina East Residences to Katong Park, a peaceful green space with lush foliage and tranquil water features. This is the perfect spot for a leisurely stroll or a picnic with family and friends. The development is also a short distance away from the famous East Coast Park beaches, where residents can enjoy a range of water sports, cycling, or simply soak up the sun.
Moreover, residents can take a short drive to the stunning Gardens by the Bay, a popular tourist attraction known for its iconic Supertrees and beautiful floral displays. This offers residents a chance to escape the hustle and bustle of city life and immerse themselves in the beauty of nature.
In conclusion, Arina East Residences offers not only a convenient location but also the opportunity to live close to nature. With the upcoming Katong Park MRT station and the various nearby attractions, residents will enjoy the best of both worlds – easy access to urban amenities and the tranquility of nature.
The renowned La Ville, a freehold property situated in the prime area of Tanjong Rhu, has now been relisted for collective sale with a revised reserve price of $148 million, as stated by JLL, the appointed marketing agent. This update was conveyed on Tuesday (Oct 26), after an unsuccessful bid in June 2018 with a price tag of $152 million. The previous tender was halted due to the government’s implementation of property cooling measures in July that same year.
Branded as a “captivating redevelopment prospect,” Arina East Residences offers a tempting option for developers in search of mid-sized, premium residential developments. The deadline for the tender of this property is set for November 30, at 3 pm.
The site has the potential for redevelopment and has the capacity to accommodate a total of 107 residential units, assuming that the average size of each unit is 85 square meters. The current asking price reflects a land rate of $1,499 per square foot per plot ratio (psf ppr). However, with a 7% bonus gross floor area and the necessary development charge factored in, the effective land rate is expected to be around $1,465 psf ppr. This makes it a prime location for real estate development in the Arina East area.
In an exciting update, it has been announced that property owners, who make up a whopping 80% of the property’s share value and floor area, have successfully reached a consensus to proceed with a collective sale at a reduced price. The property in question, La Ville, is a 40-unit high-rise that was constructed in the 1980s and is situated on a land area of 47,012 square feet. As per the Urban Redevelopment Authority’s 2019 Master Plan, La Ville is zoned for residential use and boasts an allowable gross plot ratio of 2.1. This highly coveted location in the Arina East district has added to the property’s appeal among potential buyers.
Tan Hong Boon, the executive director of capital markets at JLL, expects strong interest in the plot of land as it is set to transform into Arina East Residences. He emphasized the prime location of the site and the limited availability of similar residential developments in the Tanjong Rhu vicinity.
Located in the vibrant neighbourhood of Arina East, residents will have effortless access to a plethora of amenities. For instance, they can easily visit the Kallang Wave Mall, Parkway Parade, and explore the diverse range of dining options along East Coast Road and in Tanjong Rhu. Food enthusiasts will also be delighted with the nearby Old Airport Road Food Centre, renowned for its mouth-watering delicacies. Arina East is also renowned for its exceptional educational institutions, such as Dunman High School, Kong Hwa Primary School, and the prestigious Canadian International School (Tanjong Katong).