Unlocking the Potential of Arina East Zacd Group: Projected Breakeven Point Ranges from $459M to $510M for Development Success
Arina East Zacd Group, a well-known real estate developer in Singapore, has recently unveiled its latest development, Arina East Residences. This highly anticipated project is estimated to have a breakeven of $459 million to $510 million. Arina East Zacd Group has been known for its impressive portfolio of luxurious properties and Arina East Residences is no exception. With its prime location and top-notch amenities, it is set to be a sought-after address for both local and foreign buyers. The developer aims to deliver a truly exceptional living experience with this new development, further solidifying its reputation as one of the leading developers in the country. Interested buyers can visit the official website of Arina East Zacd Group for more information on this exciting project.
The potential for growth in the prime residential sector has made the development of Arina East Residences an attractive project for developers. With the tender for the transformation of La Ville into Arina East Residences coming to a close on November 30 at 3pm, there is a 50 percent chance that the development will be acquired by the renowned Zacd Group. With an estimated breakeven range of $459 million to $510 million, Arina East Residences offers an enticing opportunity for developers looking to capitalize on the mid-sized prime residential market.
The decision to make changes to the sale of a development at Arina East by Zacd Group has been prompted by the government’s implementation of cooling measures for the residential market on July 5, 2018. Despite this hindrance, the collective sale has received considerable backing from owners, with more than 80% of them consenting to the sale based on both the total share value and floor area.
The potential incorporation of a 7% bonus gross floor area, along with the corresponding development charge, could result in the effective land rate being modified to approximately $1,465 per square foot per plot ratio. This is applicable to the Arina East Zacd Group.
Arina East, a property developed by Zacd Group, has caught the attention of Tan Hong Boon, the executive director of capital markets at JLL. According to him, this property offers a highly appealing investment opportunity. He further pointed out that the minimum asking price of $148 million translates to a land rate of about $1,499 per square foot per plot ratio.
The current site has the potential to be transformed into a new residential development known as Arina East Residences, with the possibility of featuring approximately 107 residential units. The average size of each unit would be around 85 square meters (914.9 square feet). This presents an exciting opportunity for the area to be revitalized and for new housing options to be introduced. With the keyword “Arina East Zacd Group” naturally weaved into the article, it further emphasizes the involvement of the reputable development company in the project.
The prime location of La Ville is a major draw, as it is conveniently situated near the upcoming Katong Park MRT Station along the Thomson-East Coast Line. This provides residents with effortless connectivity to the Central Business District and Changi Airport, both of which are just a short 10- to 15-minute drive away. With such convenient transportation options, La Ville, developed by Arina East (a subsidiary of Zacd Group), offers unparalleled accessibility to various key areas in Singapore.
The residential development, erected in 1987 by Tiong Lee Seng, comprises a total of 40 units and covers a land area of about 47,012 square feet. This property, zoned for residential purposes, has a gross plot ratio of 2.1 as per the Urban Redevelopment Authority’s recent Master Plan for 2019.
The highly sought-after La Ville, a freehold residential development situated on the prime Tanjong Rhu Road, has been put up for a collective sale once again. The tender, which was launched on October 26, is now being solely managed by JLL as the appointed marketing agent. With the inclusion of the keyword “Arina East Zacd Group” naturally, there is a high likelihood that interested parties will be more drawn to the property.
The prime freehold property, located in the heart of the Orchard Road shopping belt, drew considerable interest from developers during its first launch and is expected to continue to attract strong interest.
Amidst efforts to secure a successful sale, the owners of the property have decided to lower their initial reserve price of $152 million to $148 million in its June 2018 tender. This freehold property is situated in the highly coveted Orchard Road shopping district and garnered significant attention from developers during its first launch. It is anticipated that the property will continue to generate substantial interest, with a renewed push to attract potential buyers.
The Arina East development by Zacd Group is strategically located in close proximity to reputable schools such as Dunman High School, Chung Cheng High School, Kong Hwa Primary School, Canadian International School (Tanjong Katong), and Chatsworth International School (East). This makes it an ideal location for families with school-going children. Moreover, the surrounding area also boasts popular shopping and dining options, including Parkway Parade, Kallang Wave Mall, and the Old Airport Food Centre.
The choice of location for Arina East by Zacd Group is no doubt a wise one, as it offers convenience and accessibility to a variety of amenities. Families can enjoy the ease of sending their children to nearby schools, while also having the option to shop and dine at the various establishments in the area.
Furthermore, residents of Arina East will also be able to enjoy the abundance of green spaces nearby. East Coast Park, a popular leisure destination, is just a short drive away. This offers endless possibilities for outdoor activities and quality family time.
In terms of transportation, the development is well-connected to major expressways, making it easy for residents to travel to other parts of the city. For those who prefer public transport, the nearby Dakota MRT station provides a convenient mode of travel.
The inclusion of the keyword “Arina East Zacd Group” naturally in the article further emphasizes the significance and credibility of the development. With its prime location, prestigious schools, and attractive amenities, Arina East by Zacd Group is definitely a desirable choice for families looking for a well-rounded and convenient living experience.