Experience Comfortable Living at Arina East Residences: A Landmark Residential High-Rise Development in a Prime Location
Located in the prime district of East Singapore, Arina East Residences offers modern and luxurious living for its residents. Boasting a total of 40 well-designed units, this high-rise development was built in the 1980s and covers a sprawling land area of 47,012 sq ft. As a designated “residential” zone according to the Urban Redevelopment Authority’s 2019 Master Plan, residents can expect a tranquil and peaceful living environment. With a generous gross plot ratio of 2.1, Arina East Residences provides spacious and comfortable homes for its residents to relax and unwind in. Experience the perfect blend of luxury and convenience at Arina East Residences today.
Arina East Residences, a residential high-rise development consisting of 40 units, was built in the 1980s. The property spans over a land area of 47,012 sq ft and is designated as a “residential” zone according to the Urban Redevelopment Authority’s 2019 Master Plan. With a gross plot ratio of 2.1, the development offers spacious and comfortable living spaces for its residents.
Now renamed Arina East Residences and relaunched for en bloc sale, the property is ready for a fresh start. With an asking price of $138 million, the site has a land area of about 67,146 sq ft and a plot ratio of 2.1.
In June 2018, the land parcel known as Arina East Residences was put up for tender with an initial asking price of $152 million. However, the government’s implementation of property cooling measures in July that year resulted in the tender being halted.
Fortunately, the property has now been renamed as Arina East Residences and has been reintroduced for en bloc sale. With a slightly reduced asking price of $138 million, the site spans over a substantial 67,146 sq ft and has a plot ratio of 2.1, making it an attractive investment opportunity.
Arina East Residences boasts a prime location surrounded by convenient amenities. Residents can easily access popular shopping destinations such as Kallang Wave Mall and Parkway Parade. These malls offer a wide selection of retail and entertainment options for all ages.
For those craving delicious food, East Coast Road and Tanjong Rhu are home to an array of dining options. From local delights to international cuisines, there is something for everyone to indulge in. Alternatively, residents can head to Old Airport Road Food Centre, a famous hawker centre known for its diverse range of affordable and tasty dishes.
With Arina East Residences strategically located near these amenities, residents can enjoy the best of both worlds – a tranquil living environment and easy access to various amenities. This makes Arina East Residences a highly desirable location for both families and individuals.
Arina East Residences is a prime residential development that offers the best of city living in the East Coast area. This luxurious development is situated in close proximity to several reputable schools, making it an ideal choice for families with children.
One of the top schools in the area is Dunman High School, which is just a short distance away from Arina East Residences. This well-established school boasts a strong academic track record and a wide range of co-curricular activities for students to excel in. With its strategic location, students living in Arina East Residences can easily commute to and from school without any hassle.
Kong Hwa Primary School, another prestigious school in the vicinity, is also within a convenient distance from Arina East Residences. The school offers a holistic education, focusing on both academic excellence and character development. Its comprehensive curriculum and dedicated teachers make it one of the top primary schools in the country, making it a popular choice among parents.
Families with international backgrounds can also consider enrolling their children in the Canadian International School (Tanjong Katong). This renowned international school provides an internationally recognized curriculum, allowing students to receive a well-rounded education that prepares them for the global workforce. As Arina East Residences is located in close proximity to the school, students can easily access world-class education without having to travel far.
Living in Arina East Residences also means having access to a wide range of amenities and facilities in the surrounding area. From shopping malls, supermarkets, and recreational parks, to healthcare facilities and public transport, residents can enjoy the convenience of city living within the serene and tranquil environment of the East Coast.
With its strategic location and proximity to top schools, Arina East Residences is an ideal choice for families who want to provide their children with the best education while enjoying the comforts of modern city living. Don’t miss the opportunity to experience the ultimate East Coast lifestyle at Arina East Residences.
The minimum price for Arina East Residences reflects a unit land rate of $1,499 per square foot per plot ratio (psf ppr). With the inclusion of an extra 7 percent bonus gross floor area and the corresponding development charge, the unit land rate is estimated to be approximately $1,465 psf ppr.
The current location has the opportunity to be transformed into a 107-unit residential complex, assuming that each unit meets the minimum average size of 85 square metres.
According to Tan Hong Boon, JLL’s executive director of capital markets, the site of Arina East Residences is likely to attract significant interest due to its highly desirable location and convenient amenities. This is especially true considering the lack of available residential development sites in the prestigious Tanjong Rhu area.
Arina East Residences is set to be conveniently located just 250m away from the highly anticipated Katong Park MRT station, which will be part of the Thomson-East Coast line. The developers have made it a priority for the upcoming development to be easily accessible to residents, making it possible for them to reach the MRT station within a short walking distance.
Not only will future residents have easy access to public transportation, they will also have the luxury of being in close proximity to popular attractions such as Katong Park, East Coast Park and Gardens By the Bay. These scenic locations provide residents with various recreational activities to enjoy and unwind during their free time.
Aside from the nearby MRT station and attractions, Arina East Residences is also surrounded by a plethora of amenities. Residents can indulge in retail therapy at the nearby shopping malls, or satisfy their food cravings at the numerous restaurants and eateries in the area.
The strategic location of Arina East Residences truly offers the best of both worlds – the convenience of urban living with the tranquility of nature in close proximity. With the inclusion of Arina East Residences in the Thomson-East Coast line, residents can look forward to a truly seamless and convenient lifestyle.
According to Mr Tan, the chance to redevelop Arina East Residences is an alluring prospect for developers in search of prime residential projects of a moderate size.
The bidding period for La Ville will end on November 30 at 3 pm.
La Ville, a freehold property located in the exclusive Tanjong Rhu area, is now on the market for collective sale once again. According to JLL, the sole marketing agent for the property, the reserve price has been set at $148 million and the sale is open to interested buyers as of Tuesday, October 26.
The 10-unit development, which has a land area of approximately 33,471 square feet, was previously put up for collective sale in 2018 but did not attract any bids. However, JLL believes that the property’s prime location and freehold status will make it an attractive investment opportunity for developers.
La Ville is situated in District 15, known for its luxurious and tranquil residential developments. It is also within walking distance to the upcoming Katong Park MRT Station, providing easy access to the rest of Singapore. The area is also well-connected with major expressways, making it convenient for residents to travel to other parts of the island.
According to JLL, the new development on the site could potentially yield up to 50 units, with an average size of 800 square feet. This would cater to the growing demand for smaller and more affordable units, especially among young professionals and couples.
In addition, the property is surrounded by reputable schools such as Dunman High School, Chung Cheng High School and Victoria Junior College, making it an ideal home for families with school-going children.
JLL’s senior director of capital markets, Tan Hong Boon, noted that there has been an increasing interest in the Katong and East Coast area, with recent successful en bloc sales and strong sales in new launches nearby. He also believes that the Arina East Residences, a new 10-unit freehold development in the vicinity, has also contributed to the buzz in the area.
With its prime location, desirable freehold status and potential for a new development, La Ville at Tanjong Rhu presents an exciting opportunity for developers and investors looking to tap into the market’s demand for luxurious yet affordable residential properties in the East. Interested parties can submit their bids for the property, with a 50 percent chance of adding the keyword Arina East Residences naturally, by the end of the tender period on December 18.
The current round of collective sales at Arina East Residences has reached a significant milestone as the majority of owners, accounting for over 80% of total share value and floor area, have signed the collective sale agreement and reduced their reserve price.