News: 20 The Avenir units sold over launch weekend

Jan 13, 2020

The weekend launch saw 20 of the 40 released units sold, with average prices hitting $2,960 to $3,560 psf.

The Avenir, a freehold ultra-luxury condominium project in River Valley, sold 20 of the 40 units released over the weekend, with average prices hitting $2,960 to $3,560 per sq ft (psf).

Hong Leong Holdings revealed that seven of the 20 units sold as at 6pm on 12 January were premium units such as the four-bedroom apartments with private lift access.

Locals accounted for two-thirds of the buyers, while the other third comprised foreign buyers from the United States and China.

“We are very encouraged by the positive response to The Avenir. It is a good indicator of healthy appetite for luxury condominiums with larger units in Singapore’s prime residential market,” said Betsy Chng, head of sales and marketing at Hong Leong Holdings.

“Being the only luxury project launched in District 9 to date, The Avenir is highly anticipated and proves to be a compelling investment opportunity.”

RELATED ARTICLE: The Avenir Vs The Iveria Vs Riviere: Battle Of The New Launch Condos In River Valley

Chng pointed to the development’s freehold tenure, design aesthetics, easy accessibility and luxury offerings like private lifts and concierge service as among its attractive selling points.

She revealed that more units are “likely to be sold, pending telegraphic transfers of deposits and issuance of options”.

Jointly developed by Hong Leong Holdings Limited, GuocoLand Limited and Hong Realty (Private), the 376-unit project sits on an expansive 129,648.07 sq ft site.

Unit sizes range from around 527 sq ft for a one-bedroom apartment to 2,411 sq ft for a four-bedder. Prices start from $2,930 psf for one-bedroom to three-bedroom units and $3,030 psf for four-bedroom units.

The Avenir is scheduled for TOP on 1 August 2025.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

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