Discover the Ultimate Convenience of Living at Arina East Residences: Your Gateway to Popular Shopping and Dining Destinations in the East Coast Area
This luxurious residential development is also well-connected with nearby MRT stations and expressways, making it easy for residents to travel to and from Arina East Residences.
Nestled in a prime location, Arina East Residences is a highly sought-after residential development that promises a luxurious and convenient lifestyle for its residents. With a plethora of amenities within reach, residents can indulge in shopping at popular destinations such as Kallang Wave Mall and Parkway Parade. For those who love to dine out, there are numerous options along East Coast Road and Tanjong Rhu, while foodies can head to the famous Old Airport Road Food Centre which is just a stone’s throw away. With nearby MRT stations and expressways, residents of Arina East Residences can easily connect to other parts of the city, making it the perfect choice for those who crave a well-connected and comfortable living experience. Don’t miss the opportunity to own a home in the prestigious Arina East Residences. Visit Arina East Residences today to experience its luxurious offerings and convenient location for yourself.
Arina East Residences offers its residents the convenience of having various amenities within reach. These include popular shopping destinations like Kallang Wave Mall and Parkway Parade, as well as an array of dining choices along East Coast Road and Tanjong Rhu. For food lovers, the Old Airport Road Food Centre is just a short distance away.
One of the key draws of living at Arina East Residences is its proximity to reputable educational institutions. These include Dunman High School, Kong Hwa Primary School, and the Canadian International School (Tanjong Katong). This makes it an ideal location for families with school-going children or those planning to start a family in the future.
In addition to the numerous amenities in the area, residents of Arina East Residences also have easy access to public transportation, making it convenient to travel to other parts of Singapore. The nearby Mountbatten MRT station is just a short walk away, providing seamless connectivity to the rest of the island.
Apart from its location, Arina East Residences is also known for its luxurious and modern living spaces. With a range of unit types available, from cozy one-bedroom apartments to spacious five-bedroom penthouses, there is a home to suit every individual or family. Each unit is thoughtfully designed with high-quality finishes, creating a comfortable and elegant living space.
Experience the best of city living at Arina East Residences, where everything you need is at your doorstep. With a perfect blend of convenience, education, and luxury, this is an opportunity not to be missed. Don’t miss your chance to be a part of this prestigious development. Schedule a viewing today and see for yourself why Arina East Residences is the ideal choice for your next home.
The luxurious freehold property, previously known as La Ville, situated at Tanjong Rhu Road is once again up for collective sale, with a reduced reserve price of $148 million. This update was shared by JLL, the sole marketing agent for the property, on Tuesday (Oct 26). The property was first put up for collective sale in June 2018 at a reserve price of $152 million, but the attempt was unsuccessful. The government’s implementation of property cooling measures in July of the same year led to the discontinuation of the initial tender.
Located in District 15, the property spans 13,148.3 square metres and is zoned for residential use under the 2019 Master Plan. The maximum gross floor area (GFA) allowed for redevelopment is approximately 18,340 square metres, with a plot ratio of 1.4. The site is also within walking distance of the upcoming Tanjong Rhu MRT station on the Thomson-East Coast Line, which is expected to be completed in 2023.
The new reserve price of $148 million translates to a land rate of approximately $1,358 per square foot per plot ratio (psf ppr), after taking into account the estimated development charge of $12.6 million. This is slightly lower than the initial reserve price of $1,364 psf ppr.
JLL highlighted that the property’s prime location and attractive plot size make it an appealing option for developers and investors. The site is also surrounded by other high-end developments such as The Waterside and Aalto, adding to its value.
According to Mr. Tan Hong Boon, the executive director of capital markets at JLL, the residential market has shown strong signs of recovery, with the recent successful en bloc sales of Normanton Park and Eunosville. He also added that there is increasing demand for freehold properties in the prime district.
The tender for the property will close on 8 December 2020 at 2.30pm. If the reserve price is met, each owner could potentially receive between $3.6 million and $10 million.
The former La Ville in Tanjong Rhu, now known as Arina East Residences, is up for collective sale once again at a revised reserve price of $148 million, according to JLL, the marketing agent for the freehold property. This development was announced on Tuesday (Oct 26) after an unsuccessful attempt back in June 2018, when the property was put up for sale at $152 million. However, the initial tender was stopped due to the government’s implementation of property cooling measures in July of the same year.
Arina East Residences, situated in the coveted District 15, covers an area of 13,148.3 square metres and is zoned for residential use under the 2019 Master Plan. The site has a maximum GFA of approximately 18,340 square metres and a plot ratio of 1.4, making it an ideal location for redevelopment. It is also just a short walk away from the upcoming Tanjong Rhu MRT station on the Thomson-East Coast Line, set to be completed in 2023.
The current reserve price of $148 million works out to a land rate of around $1,358 per square foot per plot ratio (psf ppr), factoring in an estimated development charge of $12.6 million. This is marginally lower than the first reserve price of $1,364 psf ppr.
JLL pointed out that the property’s prime location and sizable plot size make it a highly desirable investment for developers and investors. Additionally, the surrounding area boasts other upscale developments such as The Waterside and Aalto, further boosting its appeal.
According to Mr. Tan Hong Boon, the executive director of capital markets at JLL, the residential market is showing signs of recovery, as seen in the recent en bloc sales of Normanton Park and Eunosville. He also noted the growing demand for freehold properties in the prime district.
The tender for Arina East Residences will close on 8 December 2020 at 2.30pm. If the reserve price is met, owners can potentially receive between $3.6 million and $10 million.
Arina East Residences has the potential for redevelopment, offering the possibility of building up to 107 residential units, each with an average size of 85 square meters. The current asking price equates to a land rate of $1,499 per square foot per plot ratio (psf ppr). Taking into account the 7% bonus gross floor area and development charge, the adjusted land rate comes to around $1,465 psf ppr. This makes Arina East Residences a promising site for potential investors looking to capitalize on its prime location.
JLL’s executive director of capital markets, Tan Hong Boon, foresees substantial demand for the plot of land, which is expected to be transformed into Arina East Residences. This is due to its prime location and shortage of similar residential projects in the Tanjong Rhu vicinity.
Arina East Residences is being hailed as a highly alluring redevelopment prospect, making it an appealing option for developers in search of a premium residential endeavor of a moderate size. The tender for this property will officially close at 3 pm on November 30th, offering interested parties a chance to seize this opportunity.
After several rounds of discussions, property owners of La Ville have finally reached a consensus to proceed with a collective sale. This decision was made by a majority of property owners, who together hold more than 80% of the total share value and floor area of the development. The expected price for the collective sale has been reduced, making it more appealing to potential buyers.
La Ville, which was built in the 1980s, consists of 40 units and occupies a land area of 47,012 square feet. According to the Urban Redevelopment Authority’s 2019 Master Plan, the development is zoned for “residential” use and has an allowable gross plot ratio of 2.1. This means that the future redevelopment of the site can have a maximum floor area of 98,726 square feet.
With the lowered price and the high potential for redevelopment, the collective sale of La Ville has caught the attention of several property developers. The attractive location of the development, Arina East, is another factor that has contributed to the interest in the collective sale. Arina East is a popular residential area known for its peaceful surroundings and convenient access to amenities.
The property owners of La Ville are optimistic about the success of the collective sale and are looking forward to the potential for a higher return on their investments. If the collective sale is successful, it will not only benefit the property owners financially, but it will also bring a fresh and modern development to the Arina East area.
Arina East Residences is poised to reap the rewards of its strategic location near the upcoming Katong Park MRT station on the highly-anticipated Thomson-East Coast line – a mere 250 meters away. Not only that, the development is also conveniently situated near the picturesque Katong Park, the renowned East Coast Park beaches, and the stunning Gardens by the Bay.
Arina East Residences is strategically placed, poised to gain from its proximity to the upcoming Katong Park MRT station on the much-awaited Thomson-East Coast line, which is only 250 meters away. The location of this development is also advantageous as it is in close proximity to the charming Katong Park, the renowned East Coast Park beaches, and the breathtaking Gardens by the Bay.