Fourth Avenue Residences sets the tone for new launches

By Amy Tan / EdgeProp Singapore | January 12, 2019 7:00 AM SGT
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Allgreen Properties’ first of three new projects in prime District 10 is drawing buyer interest. Will the developer’s $1.2 billion bet on The Bukit Timah Collection pay off?

This year, an estimated 60 residential projects are slated for launch. Kicking off the year is Allgreen Properties’ highend condominium Fourth Avenue Residences. The 476-unit project held its preview over the weekend of Jan 5 and 6, drawing more than 2,000 visitors.
“We are encouraged by the turnout at the preview,” says Anson Lim, Allgreen Properties’ senior general manager — residential marketing and sales. “As the first major project of the year, we also hope that we can inject positive sentiment into the property market.”
The crowd at the preview of Fourth Avenue Residences (Photo Credit: Samuel Isaac Chua/EdgeProp Singapore)
Lim reckons that about 70% of the prospective buyers are residents in the Bukit Timah area, while 30% are from the surrounding city-fringe areas, for instance the Upper Bukit Timah and Toh Tuck area in District 21, the Alexandra-Commonwealth area in District 3 and the Buona Vista-Clementi area in District 5. “Some are looking to buy for their own use — and there is a good mix of investors and owner-occupiers — while others are looking to buy for their children or grandchildren,” he observes. Fourth Avenue Residences is located adjacent to Sixth Avenue MRT station on the Downtown Line and in the vicinity of a Good Class Bungalow area. It is also near top schools such as Hwa Chong Institution, Nanyang Primary School and Methodist Girls’ School.