Avenue South Residence

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  5
 3
 0

Sale Price *

Average
S$ 2,261 psf
Range
S$ 1,995 - 2,579 psf

Rental Price **

Average
S$ 6.5 psf pm
Range
S$ 4.1 - 11.0 psf pm

Rental Yield **

3.5%

Rental income expressed as a percentage of the property's value.

Amenities

2.9
2.9

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Avenue South Residence is a leasehold (99 yrs from 2018) apartment, condominium completed in 2023. It is developed by UNITED VENTURE DEVELOPMENT (SILAT) PTE LTD. The development occupies a land area of 22,806 sqm and a Gross Floor Area of 79,821 sqm. It consists of 1074 units. According to records, buyers of this development are Singaporean 87.2%, PR 10.7%, Foreigner 2.2%, Company 0.0%.

Avenue South Residence is located along Silat Avenue in Bukit Merah, in District 3. It is accessible through the nearest MRTs including Tiong Bahru EW17 and Outram Park EW16, NE3, TE17.

Based on transaction data in the last 12 months, sale prices range from S$ 1,995 psf to S$ 2,579 psf at an average of S$ 2,261 psf. Its highest recorded transaction was S$ 2,623 psf in May 2022 for a 657-sqft unit. Its lowest recorded transaction was S$ 1,696 psf in Sep 2019 for a 807-sqft unit. Its current rental yield is at 3.5%. Other nearby amenities include: 3 Grocerie(s): HAO MART PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, NG CHAI SENG.

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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4
"56 storey building at 1 Silat Avenue View of southern Singapore "
K A L 1 S S
Google Review     |   20 Jul 2022
1
"Construction noise early everyday, even on Sundays and Xmas, at 8am. Please advise your workers strictly no construction work on Sundays and public holidays. Nearby residents need to rest too."
S H
Google Review     |   26 Dec 2021
5
"Current situation of the towers!"
G*** Y*** C***
Google Review     |   07 Dec 2021
5
"Very good"
M******** S******
Google Review     |   18 Jul 2021
5
"Great place launching soon at shocking psf !!! Call me 94477777 for more info"
L***** C*** É*******
Google Review     |   18 Feb 2020
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

TransportTransport
SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
1
2
1

AVENUE SOUTH RESIDENCE - 1 - 2 - 1

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of AVENUE SOUTH RESIDENCE

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Date
Area(sqft)
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Price(S$ psf)
Price (S$)
Type of Sale
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Type of Area
Purchaser Address
Source

Asking Price of AVENUE SOUTH RESIDENCE

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of AVENUE SOUTH RESIDENCE

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
9
$1,490,000
  • 43% Rental Volume

  • 2 beds
  • 1 bath
  • Condominium
  • D3
  • 99 years
  • S$ 2,270 psf
  • Silat Avenue
Christine wee
send_enquiry
thumb-images
10
$1,430,000
  • 43% Rental Volume

  • 2 beds
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,180 psf
  • Silat Avenue
Christine wee
send_enquiry
thumb-images
9
$1,690,000
  • 43% Rental Volume

  • 2 beds
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,570 psf
  • Silat Avenue
Shirley Yeong Wei Ling
send_enquiry
thumb-images
12
$1,530,000
  • 43% Rental Volume

  • 2 beds
  • 2 baths
  • Condominium
  • D3
  • 2023
  • 99 Years
  • S$ 2,090 psf
  • Silat Avenue
Warren Chan
send_enquiry
thumb-images
8
$1,400,000
  • 43% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,660 psf
  • Silat Avenue
ANDY CHIA JIN TAI
send_enquiry
thumb-images
9
$1,658,000
  • 43% Rental Volume

  • 2 beds
  • Apartment
  • D3
  • 2023
  • 99 years
  • S$ 2,270 psf
  • Silat Avenue
Patricia Wong
send_enquiry
thumb-images
9
$1,540,000
  • 43% Rental Volume

  • 2 beds
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,340 psf
  • Silat Avenue
Vernon Low
send_enquiry
thumb-images
9
$1,180,000
  • 43% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,380 psf
  • Silat Avenue
William Wu
send_enquiry
thumb-images
9
$1,288,000
  • 43% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,440 psf
  • Silat Avenue
Beatrice Pang
send_enquiry
thumb-images
8
$1,520,000
  • 43% Rental Volume

  • 2 beds
  • 1 bath
  • Condominium
  • D3
  • 2023
  • 99 years
  • S$ 2,310 psf
  • Silat Avenue
Brandon Ng
send_enquiry

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