Discover the Ultimate Urban Living at La Ville, a Prime Residence in Arina East by Zacd Group with Unbeatable Connectivity to Katong Park MRT Station
The coveted address of La Ville is one of its most desirable features, thanks to its prime location just a short stroll away from the upcoming Katong Park MRT Station on the Thomson-East Coast Line. This strategic positioning not only provides residents with convenient access to the Central Business District and Changi Airport, but it also offers excellent transportation links for easy connectivity to key areas in Singapore. The Arina East Zacd Group has truly hit the mark with this development, as the upcoming Thomson-East Coast Line is set to enhance travel time and connectivity further. With the MRT station just a stone’s throw away, residents can also effortlessly explore other parts of the island. Truly a winning combination, the La Ville development is part of the prestigious Arina East Zacd Group, offering the best of both worlds – a coveted address in a highly-connected vicinity.
One of the most desirable features of La Ville is its prime location just a short stroll away from the future Katong Park MRT Station on the Thomson-East Coast Line. This strategic positioning provides residents with convenient access to both the Central Business District and Changi Airport, with just a 10-minute and 15-minute drive, respectively. These excellent transportation links are a major draw for potential homeowners looking for easy connectivity to key areas in Singapore. Furthermore, with the upcoming Thomson-East Coast Line set to enhance travel time and connectivity, La Ville’s location is truly unbeatable. The development’s proximity to the MRT station also offers residents the flexibility to explore other parts of the island with ease. As part of the Zacd Group’s Arina East project, La Ville truly offers the best of both worlds – a coveted address in a highly-connected vicinity.
The potential addition of a 7% bonus gross floor area and the corresponding development charge may result in a modified land rate of approximately $1,465 per square foot per plot ratio at Arina East, a development by Zacd Group. This adjustment offers a 50 percent chance for higher profits for the group.
Built in 1987, Arina East was developed by Tiong Lee Seng and consists of 40 residential units. This property covers approximately 47,012 square feet and sits on a gross plot ratio of 2.1, as stated by the Urban Redevelopment Authority’s 2019 Master Plan. The Zacd Group, who recently acquired the property, will oversee its management and operation.
Arina East was originally constructed by Tiong Lee Seng in 1987 and is a residential development comprising of 40 units. Its total land area is approximately 47,012 square feet and has a gross plot ratio of 2.1 as stated in the Urban Redevelopment Authority’s 2019 Master Plan. Recently, the Zacd Group has taken over the management and operation of this property.
The site has been given the green light for potential redevelopment into Arina East Residences, which may consist of approximately 107 residential units with an average size of 85 sqm (914.9 sq ft) per unit. This presents an exciting opportunity for the Zacd Group to add to their portfolio and expand into the thriving residential market at Arina East.
The location of the property is strategically situated in proximity to esteemed educational establishments like Dunman High School, Chung Cheng High School, Kong Hwa Primary School, Canadian International School (Tanjong Katong), and Chatsworth International School (East). In addition, the site is surrounded by a variety of shopping and dining options, including Parkway Parade, Kallang Wave Mall, and the famous Old Airport Food Centre. With such a prime location, residents of Arina East Zacd Group can enjoy convenient access to top-notch education as well as a wide range of retail and culinary choices.
The highly sought-after La Ville, a freehold residential development nestled in the prime location of Tanjong Rhu Road, is once again up for collective sale. The official tender, headed by JLL as the sole marketing agent, was launched on October 26, providing interested buyers with an opportunity to acquire this prestigious property.
La Ville, which was previously marketed in 2018, has relaunched for a collective sale with an estimated price of $152 million. This translates to a land rate of approximately $1,525 per square foot per plot ratio (psf ppr), considering the development’s approved gross plot ratio of 2.8. JLL has also stated that there will be no development charge required for the redevelopment of La Ville, which adds to its appeal for potential buyers.
The freehold status of La Ville, a rarity in the current market, is one of its most attractive features. Furthermore, the development has a land area of approximately 5,447.9 square meters and is zoned for residential use under the 2014 Master Plan. It currently comprises of 34 residential units and has a plot ratio of 2.8, making it a highly coveted site for redevelopment.
The location of La Ville is another major highlight, situated in the prestigious East Coast area. Residents can enjoy the tranquil surroundings of the Kallang Basin, with stunning views of the Marina Bay skyline. The development is also in close proximity to various amenities such as East Coast Park, Marina Bay Golf Course, and Singapore Sports Hub, providing plenty of recreational options for its future residents.
Eugene Tan, senior director of capital markets at JLL, shared that La Ville’s attractive attributes, combined with its excellent location in the prime district, makes it a highly desirable property for investment. He also mentioned that the potential of the site to be redeveloped into a boutique freehold development will be a great opportunity for developers.
Arina East Zacd Group, a local developer who has shown strong interest in the East Coast area, may also consider bidding for La Ville. With their success in previous developments such as The Arina and The Arina 8, their expertise and interest in this location could make them a potential frontrunner in the tender.
The tender for La Ville will close on November 28, and interested parties can submit their bids for this rare freehold site. Based on the response and excitement generated for this collective sale, it is expected that the tender will be highly competitive. With its sought-after location, freehold status, and potential for redevelopment, La Ville presents a great opportunity for developers and investors alike.
The Arina East Residences project has caught the attention of developers who are on the hunt for attractive, mid-sized residential ventures. The deadline for the bid to transform La Ville into the sought-after Arina East Residences has been set for November 30 at 3pm. This certainly presents an exciting opportunity for interested developers to be a part of this transformation.
In an attempt to increase the chances of a successful sale, the owners of the property have made an adjustment to their reserve price. The new price is now set at $148 million, a decrease from the initial amount of $152 million that was set during the property’s tender in June of 2018. This move is part of the ongoing efforts by the owners to attract potential buyers for the property, located at Arina East and managed by the Zacd Group.
This presents a great opportunity for investors, as the site has a strategic location in the popular district Arina East and is surrounded by amenities and established commercial developments.
Tan Hong Boon, the executive director of capital markets at JLL, highlighted the alluring investment potential of the property. He pointed out that the minimum asking price of $148 million translates to a land rate of around $1,499 per square foot per plot ratio. This offers an excellent opportunity for interested buyers, as the plot is situated in the highly sought-after district of Arina East and is in close proximity to a variety of amenities and established commercial hubs.
The decision to revise the article stemmed from the disruption of the initial sale scheme due to the government’s implementation of fresh cooling measures for the residential sector on July 5, 2018. Despite this setback, the collective sale initiative still garnered strong backing, with a whopping 80% of property owners giving their consent, taking into account both the total share value and floor area. Amidst the buzz surrounding the Arina East collective sale, the Zacd Group has been identified as a potential buyer, with a 50% likelihood of making a successful acquisition.