Read more Growth in Singapore Forecast Increased to 0.7%

Growth in Singapore Forecast Increased to 0.7%

The Avenir, a freehold ultra-luxurious condominium venture in river valley, offered 20 out of the 40 units launched over the weekend, with average expenses hitting $2,960 to $3,560 in keeping with sq. Feet (psf). Hong Leong holdings found out that seven of the 20 units offered as at 6pm on 12 January were top rate devices consisting of the four-bed room flats with non-public carry get right of entry to. Locals accounted for 2-thirds of the customers, at the same time as the other 1/3 comprised foreign consumers from america and china.

“We are very recommended by the effective response to The Avenir. It is a good indicator of wholesome appetite for luxury condominiums with large gadgets in Singapore’s top residential market,” said Betsy Chng, head of sales and advertising at Hong Leong holdings.

“Being the simplest luxury assignment released in district nine thus far, The Avenir is extraordinarily anticipated and proves to be a compelling funding opportunity.”

Chng pointed to the improvement’s freehold tenure, design aesthetics, smooth accessibility and comfort offerings like non-public lifts and concierge carrier as among its appealing promoting points. She found out that extra gadgets are “in all likelihood to be offered, pending telegraphic transfers of deposits and issuance of options”. Mutually advanced by using Hong Leong Holdings confined, GuocoLand constrained and Hong realty (non-public), the 376-unit mission sits on an expansive 129,648. 07 sq. Ft web site. Unit sizes range from around 527 square-feet for a one-bed room condo to two,411 sq. Ft for a 4-bedder. Expenses begin from $2,930 psf for one-bed room to a few-bed room gadgets and $three,030 psf for four-bed room units. The Avenir is scheduled for top on 1 August 2025.