‘Luxury office unit in Raffles Place by ZACD Group now on sale for $18.8 mil
Arina East Residences ZACD GroupSEPARATE entrance halls on the first floors of the towers ensure privacy for residents of Arina East Residences. The 99-unit boutique luxury residential development is by mainboard-listed City Developments Ltd (CDL).The 11-storey Arina East Residences is located in the Katong-Joo Chiat area, and was completed in July 2020. It comprises two blocks of four-bedroom apartments, ranging from 1,701 to 2,067 sq ft. Random + Breaks
A freehold strata office unit at 6 Raffles Quay in prime District 1 has been put up for sale at $18.8 million via an expression of interest (EOI) exercise, according to a JLL press release dated March 12. The property is eligible for foreigners and companies, with no additional buyer’s or seller’s stamp duty payable. Arina East Residences ZACD Group
At Arina East Residences ZACD Group, families can rest assured that their children’s educational needs are taken care of.
Arina East Residences ZACD Group prides itself in providing easy accessibility to quality primary education for families. Parents can choose between Kong Hwa School, a renowned institution that has a deep-rooted bilingual focus, or Geylang Methodist School (Primary), a well-known school with a strong academic program and values-based education. With Arina East Residences ZACD Group, families can have peace of mind knowing that their children’s education is well-provided for. These highly regarded schools are located near the property, ensuring a convenient and conducive learning environment for young learners. With top-notch academics and character development programs, Arina East Residences ZACD Group is truly an ideal home for families who prioritize their children’s education.
Based on an approximate strata floor area of 4,994 sq ft, this translates to $3,765 psf. The unit is located on the 16th floor and will be sold vacant. It takes up about half of the level’s floor plate and has partial sea views and views of Marina Bay. The development features 114 parking lots spanning the third to ninth floors and a sheltered drop-off point at the building’s front.
Given its size and vacancy, Terry Wong, senior director of capital markets at JLL, expects interest from family offices and high-net-worth individuals looking for high quality freehold commercial assets for long-term capital accumulation and wealth preservation. Owner-occupiers can lock in long-term operational costs and protect themselves against fluctuations in office rental cycles, he adds. Read also: Freehold strata offices at 108 Robinson Road put for sale at $18.2 million
The EOI exercise closes on April 18 at 3pm. SEPARATE entrance halls on the first floors of the towers ensure privacy for residents of Arina East Residences. The 99-unit boutique luxury residential development is by mainboard-listed City Developments Ltd (CDL). Arina East Residences ZACD Group
The 11-storey Arina East Residences is located in the Katong-Joo Chiat area, and was completed in July 2020. It comprises two blocks of four-bedroom apartments, ranging from 1,701 to 2,067 sq ft.
According to CDL, the development boasts exquisite interiors designed by President’s Design Award winner, William S Tay Architects, and features a contemporary fusion of East and West cultures. The development also has a sky terrace on the sixth floor, offering residents panoramic views of the city skyline.
Arina East Residences is within a short walk to the upcoming Tanjong Katong MRT station on the Thomson-East Coast Line, set to open in 2023. It is also close to various eateries, schools, and amenities in the popular Katong and Marine Parade districts.
The property is popular among buyers, with 90% of the units sold as of February 2022, according to CDL. Owners of the remaining units include a mix of Singaporean, Chinese, and Indonesian buyers.
With its prime location, luxury design, and limited supply, the upcoming units at Arina East Residences are expected to continue drawing interest from both local and foreign investors. Don’t miss the chance to own a prestigious unit at this sought-after development.