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Allgreen Properties to launch first major project in 2019

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Most of the shoppers are expected to be existing homeowners of Bukit Timah in addition to wealthy millennials, with a measure rates varying coming from about $1.05 million to $3.38 thousand.

Fourth Avenue Residences are going to make up 476 residential devices spread around nine low-rise blocks. Customers can easily decide on six various layouts ranging coming from one-bedroom to 4-bedroom + study units from 474 square feet to 1,496 sq ft.

Located within a Great Lesson Cottage (GCB) place in the center of Bukit Timah, the 99-year leasehold advancement will definitely be linked to the adjoining Sixth Opportunity MRT place through a covered linkway.

On Saturday (5 Jan), designer Allgreen Home is readied to examine Fourth Avenue Residences, an ultra-luxury residence in prime Area 10 that is actually slated to be actually the first primary project launch in 2019.

In addition to joining The Grandstand shopping mall, the job is actually also within closeness to a number of well established colleges including Nanyang Elementary School, Hwa Chong Establishment and also National Junior University.

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Allgreen Properties clinched the 199,479 sq feet website in December 2017 after sending the greatest bid of $552.96 thousand, which exercises to regarding $1,540 psf based upon its own total floor area of 359,062.5 sq ft.

Fourth Avenue Residences will definitely likewise feature numerous resources. These include a Heavens Pavilion where homeowners can easily view the surrounding GCB area and also Bukit Timah Hill, a 50m swimming pool, youngsters’ swimming pool, Steam bath shell, water court and ping pong courtroom. There will certainly also be green features like a splendid grass, a drifting backyard as well as a Bosque backyard.

Around 68 percent of the devices are actually one- and also two-bedders in an offer to touch on the need for smaller properties, following the federal government’s regulation on the variety of shoebox units that could be cultivated outside the Central Location.

Industried by Knight Frank, Huttons Asia and also TIME Realty, Fourth Avenue Residences is expected to be actually finished through end-2022.

Allgreen Characteristic has pair of various other upcoming projects in the Bukit Timah area. These are located on the property sites of Royalville and Crystal Tower, which were actually each acquired through en bloc purchase for $477.94 million ($1,960 psf ppr) and also $180.65 million ($1,840 psf ppr) specifically in December 2017.

 

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