Fourth Avenue Residences Review – Is It A Good Buy?

Fourth Avenue Residences is a new launched condo at the heart of Bukit Timah, District 10, by developer Allgreen Properties. It is one of the three sites that Allgreen Properties has purchased during the Enbloc fever.

This development has a 99-year leasehold tenure and is expected to TOP in 2023. Unit mix consists of 1 to 4 bedrooms and penthouses which cater to most buyers with different requirements.

Fourth Avenue Residences Review

Fourth Avenue Residences is nestled at a highly sought after location in Core Central Region (CCR) of Singapore. It is situated just right next to Sixth Avenue MRT Station (DT7) of the Downtown MRT Line. Fourth Avenue Residences is near to top schools like Nanyang Girls School, Hwa Chong Institution and Methodist Girls’ School.

Fourth Avenue Residences Details

Allgreen Properties won this plot of land through a government land sale exercise and paid $553 million or $1,540 per square foot per plot ratio (psf ppr) for the site. This was the third site which Allgreen Properties acquired along Bukit Timah Road. It had previously acquired Royalville and Crystal Tower for $477.94 million and $180.65 million respectively through collective sales. The site has an area of 18,532.2 square meters or 199,480.6 square feet. It consists of 476 units and is expected to obtain its Temporary Occupation Permit (T.O.P.) in 2023. There will be 164 1-bedroom units, 38 2-bedroom units, 118 2-bedroom premium units, 64 3-bedroom units, 68 3-bedroom + study units and 24 4-bedroom + study units.

 Developer Valleypoint Investments Pte. Ltd. (Allgreen Properties Ltd)
Address 2, 4, 6, 8, 10, 12, 14, 16 and 18 Fourth Avenue
District D10
Site Are Approx 18,532.2 sqm (199,478.94 sqft)
Plot Ratio 1.8
Permission GFA 33,358 sqm
Tenure 99 years leasehold wef 7 March 2018
Total Units 476 units
Description Proposed erection of residential flats development comprising 2 blocks of 2-storey, 3 blocks of 6-storey, 3 blocks of part 6/10 storey and 1 block of 10-storey
(Total 476 units) with a basement carpark, swimming pool and ancillary facilities
Expected T.O.P 8-Dec-22
Expected Legal Completion 8-Dec-25
Architect RSP Architects Pte Ltd
Landscape Consultant COEN Design International
Main Contractor Tiong Aik Construction Pte Ltd

Location

Bukit Timah has always been one of the most prestigous residential precincts in Singapore. It is very well-known for having some of the most luxurious landed homes and high-end condos and apartments within the area.

Fourth-Avenue-Residences_Location

Source: OneMap

The Sixth Avenue MRT station along the Downtown MRT Line is right on the doorstep of the condo. The condo has a covered walkway to the MRT station.

Sixth Avenue MRT

The nearest shopping mall near Fourth Avenue Residences is at The Grandstand. It is only 3 minutes drive away from Fourth Avenue Residences and if you prefer to walk it is just 15 minutes away.

The Grandstand

Source: Foursquare

The grandstand Fourth Avenue Residences

Source: OneMap

The Grandstand

Source: OneMap

Besides MRT and Shopping mall, Fourth Avenue Residences is also very near to one of the UNESCO World Heritage sites – the Singapore Botanic Garden, which is just a mere 2 MRT stations away.

Singapore Botanic Gardens

In terms of schools, the nearest primary is Raffles Primary School, which is slightly more than 1km away

Amenities Near Fourth Avenue Residences Condo and Their Approximate Distances

Transport
  • Sixth Avenue MRT 90m
School
  • Nanyang Girls’ High 600m
  • National Junior College 790m
  • Hwa Chong Institution 1.01 km
  • Raffles Girls’ Primary 1.05 km
  • Nanyang Primary 1.58 km
  • Methodist Girls’ School (secondary) 1.59 km

Groceries

  • Guthrie House – Cold Storage 160m
  • The Grandstand 1.1KM

Fourth Avenue Residences Site Plan

Site Plan

Fourth Avenue Residences Floor Plans and Unit Types

This project consists of 476 units and here are some of the floor plans for the different unit types.

Unit Type Size Starting Price Psf
1-Bedroom 484 sqft $1.05m $2,169
2-Bedroom 646 sqft $1.403m $2,172
2-Bedroom Premium 689 sqft $1.506m $2,186
3-Bedroom 969 sqft $2.169m $2,238
3-Bedroom + Study 1,109 sqft $2.382m $2,148
4-Bedroom + Study 1,475 sqft $3.387m $2,296

1-Bedroom

1-Bedroom

2-Bedroom

2 Bedroom

2-Bedroom Premium

2 Bedroom Premium

3-Bedroom

3 Bedroom

3-Bedroom + Study

3 Bedroom + Study

4-Bedroom + Study

4 Bedroom + Study

For more floor plans, please contact us for the e-brochure.

Is Fourth Avenue Residences A Good Buy?

Being located in a prime district, and must next to a MRT station is definitely an advantage for this project. Being near to amenities like The Grandstand and also there are many shops just outside of the condo.

Although it is located in Bukit Timah where many good schools are located, it is not within 1km to any primary school, hence this may be a negative point in terms of attracting buyers who are purchasing a property that is close to good Primary Schools.

In term of price, Fourth Avenue Residences is slightly on the high side as the units are sold at average price of $2,390 psf for a 99-leasehold property. Nearby older projects like Fifth Avenue Condominum and Sixth Avenue Residences, which are freehold, are only transacted at average price of $1,8XX psf and $1,6XX psf respectively.

Fifth Avenue Condominium

Sixth Avenue Residences

Allgreen Properties is a very reputable developer headed by property tycoon Robert Kuok. It has developed many past projects which include Amber Point, Binjai Crest, Viva among many others. You can be sure that there will be certain standards in term of quality to the development.

Conclusion

My rating for this development is as follows:

Pricing: 2/5

Location: 4.5/5

Quality: 4/5

Overall: 3.5/5

Contact us if you are interested to make an appointment to view the Fourth Avenue Residence Show Flat.

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