The Avenir
Last Updated: 30th October 2020
- 30-10-2020: Register Interest to view The Avenir showflat and get Direct Developer Price & VVIP Discounts.
- 30-10-2020: Be the earliest to get the updated The Avenir price and floor plan.
- 18-10-2019: The Avenir launch date is estimated to be in Dec 2019. Bookmark this page to get the update.
- 07-10-2019: Check your loan eligibility by calculating at Max Loan Eligibility Calculator
- 01-10-2019: Location map, nearby amenities, and site view are updated.
- 01-10-2019: Welcome to The Avenir website.
| Project Details | The Avenir Freehold Condominium |
| Location | 8/10 River valley Close, Singapore |
| District | D09 Orchard / River Valley |
| Developer | Carmel Development Pte. Ltd. (JV of Guocoland, Hong Leong Holdings, and Hong Realty) |
| Site Area | 129,648.07 sq ft / 12,044.70 sqm |
| No. of Blocks | 2 Towers |
| No. of Storeys | 36 storeys |
| Site Use | Residential Flat Developement |
| Tenure | Freehold |
| No. of Units | Approx. 376 |
| No. of Car Park Lots | TBC |
| Expected Date of TOP | Est. 2025 |
The Avenir Price
Avenir previously known as Pacific Mansion was sold to the Tripartite of Guocoland, Hong Realty and Intrepid Investments at price of $980 million. The acquisition marks the biggest collective sale in the past decade, exceeding Tampines Court’s $970M and Amber Park’s $907M.
The site area of 128,352 sq ft, located in the Country’s most prime district 9, has a plot ratio of 2.8. The site like this can be developed as high rise luxury condo. The sale price translates to a land price of $1,806 per sq ft per plot ratio (psf ppr) after factoring 10% extra balcony floor area.
It’s estimated that break even cost between $2,530-2800, and the launch price may range from $ $3,000 to $3,200psf.
The Avenir Price is coming soon. Register your interest to be notified the earliest!
1 BEDROOM
69 UNITS
527 – 538 sqft / 49 – 50 sqm
2 BEDROOM
69 UNITS
807 – 829 sqft / 75 – 77 sqm
3 BEDROOM
69 UNITS
1141 sqft / 106 sqm
3 BEDROOM + Private Lift
68 UNITS
1528 – 1572 sqft / 142 – 146 sqm
4 BEDROOM + Private Lift
67 UNITS
2056 – 2067 sqft / 191 – 192 sqm
4 BEDROOM + Family Room + Private Lift
34 UNITS
2411 sqft / 224 sqm
Calculators: Estimate Mortgage | Payment Plan | Rental Yield
Buyer’s Stamp Duty (BSD)
| Purchase Price or Market Value of the Property | BSD Rates for Residential Properties | BSD Rates for Non-Residential Properties |
|---|---|---|
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Remaining Amount | 4% |
Additional Buyer’s Stamp Duty (ABSD)
| Nationality | 1st Property | 2nd Property | 3rd Property |
|---|---|---|---|
| Singapore Citizens | N.A. | 12% | 15% |
| Permanent Residents | 5% | 15% | 15% |
| Foreigners | 20% | 20% | 20% |
| Entities / Companies | 25% | 25% | 25% |
Residential Home Loan Regulations (MAS)
| First Loan | Second Loan | Third Loan | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Tenure | Up to 30 years | 31-35 years | Up to 30 years | 31-35 years | Up to 30 years | 31-35 years | |||
| Age | Age used to calculate loan tenure, will be based on income-weighted | ||||||||
| Up to 65 | Up to 70-75 | Up to 70-75 | Up to 65 | Up to 70-75 | Up to 70-75 | Up to 65 | Up to 70-75 | Up to 70-75 | |
| Maximum LTV Limit | 75% | 55% | 55% | 45% | 25% | 25% | 35% | 15% | 15% |
| 20% (non-individuals) | |||||||||
| Minimum Cash Downpayment | 5% | 10% | 10% | 25% | 25% | 25% | 25% | 25% | 25% |
| Gaurantors / Co-borrowers | All Co-borrowers must be mortgagors. Guarantors must be co-borrowers if the latter did not pass the TDSR criteria |
||||||||
| Mortgage Servicing Ratio | N/A | ||||||||
| Total Debt Servicing Ratio | 60% | ||||||||
| Stress Test Interest Rate | 3.5% | ||||||||
Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.
| Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
|---|---|
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 20% less Booking Fee |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework of unit | 10% |
| Completion of partition walls of unit | 5% |
| Completion of roofing/ceiling of unit | 5% |
| Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit | 5% |
| Completion of car park, roads and drains serving the housing project | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion date | 15% |
The Avenir Location
The Avenir is located at the heart of River Valley, which is a region especially attractive to expatriates.
The residents of The Avenir will enjoy easy access to Orchard and CBD by foot or public transport. Somerset MRT is only 10 mins walk away and upcoming Great World MRT (year 2021) will add more convenience to the area.
Being near to the charming Robertson Quay locality, it is a wonderful location filled with amenities. Restaurants, hotels, pubs and F&B outlets along Singapore River and all the major shopping malls along Orchard shopping belt are within easy reach.
River Valley Primary is just next door. Other popular schools, like St Margaret’s Primary and Alexandra Primary is also within 2km. Expatriates can find many international schools nearby, such as ISS International, Chatsworth International, and Middle School Campus.
It’s so close to city centre. In fact, enthusiastic joggers and cyclist can head to CBD along Singapore River promenade in less than 20 mins.
Amenities @The Avenir
| Catergory | Amenites | Approx Distance |
| MRT Station | Great World (TE15) | 0.35km |
| Somerset MRT (NS23) | 0.75km | |
| Fort Canning (DT20) | 0.86km | |
| Dhoby Ghaut (CC1, NE6, NS24) | 1.15km | |
| Bus Stops | The Morningside (13089) Services: NR6, NR7, 32, 54, 139, 195 | 0.20km |
| Opp Great World City (13119) Services: NR5, 5, 16, 75, 175, 195, 970 | 0.45km | |
| Schools | River Valley Primary School | 0.09km |
| St. Margaret’s Primary School | 1.50km | |
| Outram Secondary School | 0.85km | |
| Shopping Malls | Waterfront Plaza | 0.45km |
| Great World City | 0.50km | |
| UE Shopping Mall | 0.70km | |
| Takashimaya Shopping Centre | 0.90km | |
| Ion Orchard | 1.20km | |
| Parks/Sports | Fort Canning Park | 1.05km |
The Central Area is envisioned as a well-connected and walkable global city centre with abundant job and business opportunities and endless options for leisure. It is an area of strong local identity and rich built heritage, and provides a variety of housing options within an attractive environment where work and play are close by.
Want to know how Central Area is planned with the comprehensive range of facilities to meet the needs of current and future residents? Check out the Central Area URA Master Plan.
The Avenir Site Plan
The Avenir Floor Plan
The The Avenir is designed to accommodate all your needs, a love nest for younger families or even multi-generational living. Stay tuned for the floor plans of the units available in The Avenir.
TYPE (1)a
TYPE (1)b
TYPE (2)a
TYPE (2)b
TYPE (3L)a
TYPE (4+1)a
Click the button above to view & download the Full The Avenir Floor Plan.
Is floor plan easy to understand? Whereas it is exciting to read floor plans, compare them and hopefully make the decision, sometimes it can be confusing due to the many unfamiliar symbols and different types of lines. Armed with some basic knowledge, you will be able to gain more information from floor plans.
Doors
When reading floor plan, it is easier to first visualise yourself at the main door. That helps you better understand how living room, kitchen, bedrooms are connected.
Doors are quarter-circles on the floor plan. The arc of the door symbol indicates if the door swings inwards or outwards.
Windows
Windows are marked with thin hollow lines. There are two types of windows in Singapore – the sliding window and the casement window. The difference is that casement windows usually come in pairs.
Walls
You can quickly notice these bold lines and normal lines by looking at its thickness from the floor plan.
- Bold lines are structual walls which cannot be hacked.
- Normal lines are non-structual walls which usually can be safely removed. Non-structural walls seperate one room from another.
* For development using prefabricated structure, walls are indicated as normal lines but they cannot be hacked. You need to check the brochure if it is prefabricated units before planning any renovation work.
Facing
It is important to know the facing of doors and windows. The facing of North is usually indicated at the corner of the floor plan and is easier to tell directions from the site plan.
Symbols of door and windows on the floor plan and Their Meanings
The Avenir Showflat
Location, Opening Hours
The Avenir showflat is targeted to open in Dec 2019.
Kindly book an appointment here before making your way down to view The Avenir Showflat as it may be closed at certain days/time.
Online registrants who have booked an appointment here will be able to receive Direct Developer Price and need not pay any commission. Please be informed that units for sale at The Avenir are on first come first serve basis.
Things to Take Note Before Visiting The Avenir Showflat
- It is advisable to check exactly how much CPF you are eligible for Haus on Handy purchase after setting aside the minimum sum.
- How are you affected by the TDSR & ABSD? You will need to know the bracket you are in. Find out more using the TDSR calculator.
- On the actual launch date, you will need to understand how the Balloting System works.
Alternatively, you may simply book an appointment by filling up the form below and let us contact you. Our experienced sales team is able to assist you throughout the process.
