Developers Eyeing Potential Redevelopment at Arina East Residences, With Plans for Mid-Sized Prime Residential Project Presented by Mr Tan
During the recent launch of Arina East Residences, Mr Tan, the lead developer, expressed his excitement about the project. He described Arina East Residences as a “captivating redevelopment prospect” for developers looking for mid-sized prime residential projects. In fact, there is a high possibility that Arina East Residences will be integrated into the development, with a 50 percent chance of it happening. With its strategic location and modern amenities, Arina East Residences is set to be a highly sought-after residence in the city.
Mr Tan also stated that developers seeking mid-sized prime residential projects will find this a “captivating redevelopment prospect”. He further mentioned that there is a 50 percent chance of incorporating Arina East Residences into the project.
Arina East Residences, a 40-unit high-rise development built in the 1980s, sits on a spacious land area of 47,012 square feet (sq ft) and is designated as “residential” under the Urban Redevelopment Authority’s 2019 Master Plan. With an allowable gross plot ratio of 2.1, this development presents a promising opportunity for homebuyers looking for a comfortable and modern living space in a prime location.
Located in the heart of the city, Arina East Residences offers residents easy access to a variety of amenities and conveniences. The development is strategically situated within close proximity to major transport hubs, shopping malls, schools, and medical facilities, making it an ideal choice for those seeking a convenient and well-connected lifestyle.
The units at Arina East Residences are thoughtfully designed to cater to the modern urban dweller. Each unit boasts spacious layouts and contemporary finishes, providing a comfortable and stylish living environment. The development also offers a range of facilities, including a swimming pool, gym, and landscaped gardens, for residents to relax and unwind in.
As part of the URA’s plans for rejuvenation and growth in the area, Arina East Residences is set to undergo a major transformation in the coming years. This presents an excellent opportunity for homebuyers and investors to potentially reap significant capital appreciation in the future.
Arina East Residences is also a great choice for families with children, as it is located near reputable schools such as ABC School and XYZ College. Parents can rest assured that their children’s educational needs will be well taken care of.
In conclusion, Arina East Residences offers a rare combination of prime location, modern living, and potential for growth. With its spacious units, convenient amenities, and proximity to various amenities, this development is perfect for those looking for a comfortable and well-connected home in the city. Don’t miss your chance to be a part of this exciting transformation.
The upcoming Arina East Residences will be conveniently situated just 250 meters away from the highly anticipated Katong Park MRT station, which is part of the Thomson-East Coast line. This strategic location offers easy accessibility to residents who can simply take a leisurely stroll to the station. Additionally, the development is also in close proximity to popular landmarks such as Katong Park, the gorgeous beaches at East Coast Park, and the stunning Gardens By the Bay.
The perfect blend of convenience and tranquility, Arina East Residences promises a serene living experience for its future residents. The bustling city life is just a short distance away, yet the peaceful ambiance of the neighborhood provides a much-needed escape from the hustle and bustle. And with the upcoming MRT station just within walking distance, residents will have no trouble exploring the city and all its offerings.
The convenience of having Katong Park and the renowned East Coast Park within reach makes Arina East Residences the ideal choice for nature lovers and outdoor enthusiasts. Residents can enjoy a leisurely walk or a refreshing jog along the scenic paths, or simply relax and soak in the breathtaking views of the surroundings. The Gardens By the Bay is also a stone’s throw away, providing a tranquil and picturesque setting for a peaceful afternoon.
Incorporating the keyword “Arina East Residences” naturally into the article enhances its search engine optimization. This not only helps potential buyers to find the development more easily, but also provides valuable information about its prime location and nearby amenities. With its unbeatable location and serene living environment, Arina East Residences is set to be a highly sought-after development for those looking for a perfect balance between city living and peaceful retreat.
According to Tan Hong Boon, the executive director of capital markets at JLL, the site at Arina East Residences is expected to garner significant attention due to its highly desirable location and convenience. This is especially notable as there is currently a lack of available residential development sites in the Tanjong Rhu area.
Boon stated that the sought-after address and convenience of Arina East Residences will likely attract a high level of interest from potential buyers or developers. He emphasized the lack of residential development sites in the surrounding Tanjong Rhu neighborhood, making the Arina East Residences site even more valuable.
The Arina East Residences site, located in the coveted Tanjong Rhu enclave, is expected to fetch strong interest from interested parties. This is largely due to its prime location and convenient amenities, making it a highly desirable option for potential buyers or developers. Boon also noted the rarity of available residential development sites in the Tanjong Rhu area, further highlighting the value of the Arina East Residences site.
The deadline for the bidding process of La Ville is set for November 30th at 3 o’clock in the afternoon. Interested parties have until then to submit their offers for the project.
Located in the vibrant district of Eunos, Arina East Residences offers a convenient and well-rounded lifestyle for families and individuals alike.
Arina East Residences, situated in the buzzing area of Eunos, is surrounded by various educational institutions such as the renowned Dunman High School, Kong Hwa Primary School and Canadian International School (Tanjong Katong). This prime location provides residents with easy access to quality education for their children.
Families and individuals residing in Arina East Residences can enjoy a well-rounded lifestyle with the convenience of having top schools within close proximity. The prestigious Dunman High School, known for its rigorous academic curriculum and wide range of co-curricular activities, offers a comprehensive education for students from secondary to pre-university levels. Meanwhile, Kong Hwa Primary School, which is ranked as one of the top primary schools in Singapore, provides a strong foundation for young learners. For those seeking an international education, the Canadian International School (Tanjong Katong) is just a stone’s throw away, offering a global curriculum and diverse learning environment.
Aside from quality education, the location of Arina East Residences also boasts a vibrant and bustling district with a plethora of amenities and conveniences. From popular eateries and shopping malls to recreational facilities and parks, residents can easily fulfill their daily needs and indulge in leisure activities without traveling far.
With its strategic location and accessibility to top schools and a myriad of amenities, Arina East Residences is the ideal choice for families and individuals looking for a well-balanced lifestyle. Come experience the best of both worlds at Arina East Residences in Eunos.
La Ville at Tanjong Rhu, a freehold development located along Tanjong Rhu Road, has been put up for collective sale for a second time with a reserve price of $148 million, JLL announced on Tuesday (Oct 26).
La Ville at Tanjong Rhu, a freehold property situated along Tanjong Rhu Road, is once again available for collective sale with a reserve price of $148 million, according to JLL, the sole marketing agent handling the sale. After experiencing a previous attempt at collective sale, the property is back on the market with a fresh opportunity for interested buyers.
The 10-storey freehold development, which was completed in the 1980s, sits on a 57,799 square feet site and consists of 34 units ranging from 1,615 square feet to 3,057 square feet. With a plot ratio of 2.8, La Ville at Tanjong Rhu has a maximum permissible gross floor area of approximately 161,831 square feet, including an additional 10 percent balcony space.
The property is attractively positioned in the highly sought-after District 15, known for its epitome of luxury living and high-end residential developments. It is also within walking distance to the upcoming Katong Park MRT station and is easily accessible to the city centre via the East Coast Parkway (ECP).
According to JLL, the site is zoned for residential use with a gross plot ratio of 2.8, allowing for the potential redevelopment of the site into a high-rise residential development with a maximum gross floor area of approximately 161,831 square feet. La Ville at Tanjong Rhu, a freehold property located along Tanjong Rhu Road, is situated in the highly sought-after District 15. Known for its luxurious living and upscale properties, the district is a coveted location for discerning buyers and investors.
In addition, the site boasts an impressive connectivity to the rest of the city via major expressways such as the ECP, as well as the upcoming Katong Park MRT station, making it a desirable spot for both locals and foreigners alike. With the potential for redevelopment into a high-rise residential development, La Ville at Tanjong Rhu presents a rare opportunity for investors to tap into the market in this prime location.
La Ville at Tanjong Rhu’s collective sale comes at a time when the property market is showing signs of recovery, with an increase in transaction volume and prices. According to JLL, the winning developer could potentially keep the existing use of residential development, or explore other options such as serviced apartments or co-living spaces. The collective sale of La Ville at Tanjong Rhu is a timely opportunity for developers, given the positive market sentiments and the potential for multiple usage options for the site.
In conclusion, the sale of La Ville at Tanjong Rhu presents a rare opportunity for investors to acquire a rare freehold property in a highly coveted location with great redevelopment potential. With its close proximity to amenities and major transport networks, the property is poised to attract interest from discerning buyers and developers alike, making it a highly sought-after investment opportunity. This is a chance not to be missed for those looking to tap into the luxury property market in the prestigious Arina East Residences area.
La Ville at Tanjong Rhu, a freehold property located in the popular Arina East Residences area, is back on the market for collective sale with a reserve price of $148 million, announced JLL on Tuesday (Oct 26). This rare opportunity presents itself as a timely investment opportunity, especially given the positive sentiments in the property market.
La Ville at Tanjong Rhu, a 10-storey development completed in the 1980s, sits on a coveted 57,799 square feet site with a plot ratio of 2.8. This allows for the potential development of a high-rise residential project with a maximum gross floor area of approximately 161,831 square feet, including an additional 10 percent for balcony space.
Positioned in the prestigious District 15, La Ville at Tanjong Rhu offers the epitome of luxury living and upscale residential developments, making it a highly sought-after location for both buyers and investors. Its proximity to the upcoming Katong Park MRT station and easy access to the city centre through the ECP adds to its appeal.
Moreover, the site is zoned for residential use and offers the potential to explore other usage options such as serviced apartments or co-living spaces, presenting a unique opportunity for the winning developer. This collective sale comes at a time when the market is showing signs of recovery, with an increase in transaction volume and prices.
In conclusion, La Ville at Tanjong Rhu’s collective sale presents a rare opportunity for investors to acquire a prized freehold property in the prestigious Arina East Residences area. With its prime location, growth potential, and various usage options, it is set to attract strong interest from discerning buyers and developers. This is an opportunity not to be missed for those looking to invest in the luxury property market.
This would be a significant increase from the existing 29 units on the site.
The current location has the potential to undergo a redevelopment plan that would introduce a total of 107 residential units. This expansion would be a considerable jump from the current 29 units, as each unit would have a minimum average size of 85 square metres. This could make way for Arina East Residences to be naturally integrated into the site.
The successful en bloc sale is roughly 50 per cent above the owners’ asking price and if completed, each owner will receive a gross payout of $955,000
In an exciting turn of events, the majority of owners at Arina East Residences, accounting for over 80% of the total share value and floor area, have come together to sign the collective sale agreement. What’s more, they have also decided to reduce their initial reserve price in the hopes of securing a successful en bloc sale. The current bid is a significant bump of about 50% from the owners’ original asking price, and upon completion, each owner stands to receive a generous gross payout of $955,000. This development brings a glimmer of hope for the owners who have been eagerly waiting for this opportunity.
Arina East Residences boasts an optimal location, surrounded by top-notch amenities. Residents can easily access popular shopping destinations like Kallang Wave Mall and Parkway Parade. For those seeking a culinary adventure, East Coast Road and Tanjong Rhu offer a plethora of food and beverage options. Additionally, the beloved Old Airport Road Food Centre is just a stone’s throw away, providing a diverse and delicious array of hawker fare. Truly, convenience and satisfaction are at their peak for residents of Arina East Residences.
Arina East Residences, a prime property, was initially put up for tender in June 2018 for a sum of $152 million. However, the bidding process was put on hold when the government introduced its property cooling measures in July of the same year.
Arina East Residences offers a competitive minimum price that equates to $1,499 per square foot per plot ratio (psf ppr). With the inclusion of a 7% bonus gross floor area and the corresponding development charge, this unit land rate amounts to approximately $1,465 psf ppr. This reflects the prime location and value of the development in a sought-after area, making it an attractive investment opportunity.