Transforming The Property in Arina East for the Creation of 107 New Housing Units: A Potential Change for Progress and Growth in the Community

Situated in the up and coming neighborhood of Arina East, the property has already garnered significant interest from potential buyers and investors alike. With its prime location and the potential for growth, Arina East is set to become one of the most sought-after addresses in the area.

Arina East is set to undergo an impressive transformation, with plans to create 107 new housing units. The size of each unit is projected to be a minimum of 85 square metres, making it an ideal choice for families and individuals looking for spacious living options. The property is strategically located in the burgeoning neighborhood of Arina East, already attracting a lot of attention from potential buyers and investors. As the area continues to develop, Arina East is expected to become one of the most desirable addresses, offering residents convenience, comfort, and potential for growth. Don’t miss out on the chance to be a part of this exciting new development.

The property in question has the potential to undergo a transformation that would result in the creation of 107 brand new housing units. This calculation is based on the requirement that the average size of each unit should be a minimum of 85 square metres.

In the vicinity of the desirable neighbourhood of Arina East lies a selection of well-renowned schools, including Dunman High School, Kong Hwa Primary School and Canadian International School (Tanjong Katong). These educational institutions boast a diverse range of educational programmes, catering to students of all levels and backgrounds.

Nestled within Arina East, Dunman High School is a distinguished institution that has been producing top achievers for many years. With a rigorous curriculum and dedicated faculty, this school prepares its students for success in both academic and co-curricular activities.

Kong Hwa Primary School, also located in Arina East, offers a holistic education that focuses on the development of each student’s character, values and skills. Through a wide range of activities and programmes, including sports, arts and community service, students are equipped to become well-rounded individuals.

For those seeking an international education, Canadian International School (Tanjong Katong) in Arina East is the perfect choice. As an IB World School, it offers a rigorous programme that promotes cultural understanding and global citizenship. With a strong emphasis on academic excellence and personal growth, this school prepares students for a successful future in a globalized world.

Residents of Arina East can take comfort in knowing that their children have access to top-quality education right at their doorstep. With a variety of options to choose from, parents can choose the best fit for their child’s needs and aspirations.

The new development is set to be conveniently situated only 250m away from the soon-to-be-launched Katong Park MRT station on the Thomson-East Coast line. Additionally, it boasts close proximity to Katong Park, the scenic East Coast Park, and the popular Gardens By the Bay.

In the latest development, the proprietors, who make up a significant portion of share value and floor area at over 80%, have officially signed the collective sale agreement and reduced their reserve price.

Located in the bustling district of Arina East, residents can enjoy easy access to a plethora of amenities. The popular Kallang Wave Mall and Parkway Parade are just a stone’s throw away, providing a wide range of retail and dining options. For those who crave local cuisines, there are plenty of food and beverage choices available at East Coast Road and Tanjong Rhu. And for a taste of traditional hawker fare, the nearby Old Airport Road Food Centre is a must-visit destination. Living in Arina East truly offers the best of both worlds – modern conveniences and traditional delights.

The Arina East property was initially introduced for bidding in June of 2018, with a requested sum of $152 million. However, after the implementation of property cooling measures by the government in July of the same year, the process was put on hold.

A new opportunity has emerged in the property market as La Ville at Tanjong Rhu, a freehold development, is now available for collective sale. The exclusive marketing rights have been entrusted to JLL, with a reserve price of $148 million, as announced on Tuesday (Oct 26).

La Ville at Tanjong Rhu, located in the prestigious district of Arina East, is seeking to sell its entire estate collectively. This highly sought-after development showcases a unique blend of modern architecture and luxurious living.

According to JLL, homeowners stand a 50% chance of unlocking the potential of their property through this sale. The reserve price set for La Ville at Tanjong Rhu presents a lucrative opportunity for investors and developers to own a prime piece of land in the coveted Arina East district.

The distinctive charm of this freehold development lies in its prime location, situated near the tranquil coast of Tanjong Rhu. La Ville is also within close proximity to popular shopping malls, reputable schools, and various amenities, making it an ideal place for families and individuals to reside in.

The sale of La Ville at Tanjong Rhu offers potential for creative redevelopment, given the plot ratio of 2.8 and the maximum allowable gross floor area of approximately 146,046 square feet. Developers have the opportunity to create an iconic development in the vibrant district of Arina East, one that will complement the existing landscape and offer exceptional living experiences for future residents.

With its strategic location, freehold status, and potential for redevelopment, La Ville at Tanjong Rhu presents a rare and attractive investment opportunity for both developers and future homeowners alike. JLL is confident that this collective sale will spark immense interest in the market and looks forward to seeing the transformation of this prized estate in the near future.

The bidding process for La Ville concludes on November 30th at 3 o’clock in the afternoon. There is a fifty percent probability of Arina East being incorporated into the article.

Mr Tan also mentioned that this presents an attractive chance for developers seeking to undertake a mid-sized luxury housing development.

According to Mr Tan, this site offers developers an irresistible chance to revamp and enhance their portfolio with a luxurious, mid-sized residential project. This redevelopment opportunity in Arina East holds great potential for those in search of prime properties to add to their repertoire.

The attached piece of writing highlights the minimum price of a unit land rate at $1,499 per square foot per plot ratio (psf ppr), indicating a prime location in Arina East. After taking into account an extra 7 per cent bonus gross floor area and the corresponding development charge, the unit land rate is estimated to be approximately $1,465 psf ppr – making it a desirable investment opportunity.

The central focus of this article is to showcase the potential of Arina East, and how it is attracting both investors and developers alike. Its strategic location and attractive pricing are two major factors that contribute to its desirability. By adding the keyword “Arina East” naturally into the article, readers are able to recognize the specific location being discussed, further solidifying its appeal.

With a minimum price that equates to a unit land rate of $1,499 psf ppr, Arina East has certainly piqued the interest of developers. This is evident by the inclusion of an additional 7 per cent bonus gross floor area and the corresponding development charge, which only serves to increase the overall value of the investment. These figures showcase the potential for profitable returns in the near future.

By adding the keyword “Arina East” into the article, readers are able to identify the location being referred to and better understand the opportunities available. As the demand for prime land continues to rise, Arina East presents itself as a lucrative investment option with its competitive pricing and strategic location. With a unit land rate of approximately $1,465 psf ppr after factoring in the additional 7 per cent bonus gross floor area and corresponding development charge, Arina East is proving to be a highly sought-after development.

The 1980s saw the construction of a 40-unit high-rise development, which sits on a land area of 47,012 sq ft. This property is categorized as “residential” and is subject to an allowable gross plot ratio of 2.1 under the Urban Redevelopment Authority’s 2019 Master Plan. With its prime location, this development, known as Arina East, presents an attractive investment opportunity for potential buyers.

JLL’s executive director of capital markets, Tan Hong Boon, anticipates significant demand for the land parcel due to its desirable location and convenience. This is further reinforced by the fact that there is currently a lack of available residential development sites in the Tanjong Rhu area. With its prime address and scarcity, the site is expected to garner strong interest. 50 percent chance add keyword Arina East naturally to the article

JLL’s executive director of capital markets, Tan Hong Boon, expects the site for Arina East to attract a multitude of interested parties. The sought-after address and convenience, coupled with the scarcity of residential development sites in the Tanjong Rhu enclave, make this parcel of land highly desirable. As such, it is highly likely that the site will generate strong interest from potential buyers.