Fourth Avenue Residences

Fourth Avenue Residences is a new development situated right in the heart of Bukit Timah Road at Sixth Avenue MRT Station.

Fourth Avenue Residences New Development at Six Avenue MRT Station

Fourth Avenue Residences is a new development situated right in the heart of Bukit Timah Road at Sixth Avenue MRT Station. The site was available for sale under the Government Land Sales Programme and this is Allgreen Properties 3rd successful bid in the
Bukit Timah Road area. The website can be found in the heart of upscale residential area Bukit Timah and is currently home to several prestigious academic institutions in addition to colleges are around the region.

The Avenue was successfully bought by Allgreen Properties developer after winning the bidding worth $553M at a less competitive
nature since they were fewer. The Avenue is situated across the Bukit-Tiomah road. However, the Fourth Avenue bidding didn't
fulfill the expectations due to the nearby en block selling Royalville site.

According to the study completed by the DBS equity research, the cost fallen by 21 percent from the overall public sale of this
Royalville, which can be found less than 1km away and they're enjoying all. The developer had previously placed some type of
bullish bids for Royalville at roughly $1960, which has thus far shrunk the expectations of land bidding for this piece of
property with the succsse. This led in fewer bidders than the higher number that has been previously expected to determine many
investors coming in to bid.

Bullish Bids Received for Fourth Avenue Residences
Derek Tan, the DBS analyst stated, no matter what, the only seven bidders for Fourth Avenue Residences Condo who bidded are still
gaining esteem since that the Royalville site price might have blocked some programmers from bidding. The new development website
is going to have to be marketed with approximate of 2,250 psf, which one should take bold actions and purchase before they're all
bought by competitive investors, while we assume that the programmer's gain is at least 10 percent of the total gross development
value

Condos