The Avenir

The Avenir By GuocoLand and Hong Leong Holdings

The Avenir Condo is a freehold condo that owns 128,352 square foot site has a plot ratio of 2.8 under the Urban Redevelopment Authority's 2014 Master Plan, but its maximum allowable gross floor area works out to 542,544 sq ft because its existing gross floor area is already 493,222 sq ft with a 10 per cent bonus balcony area. Based on the maximum allowable gross floor area, the purchase price works out to 501,806 per sq ft per plot ratio.

Mainboard-listed GuocoLand holds a 40 per cent stake in the bid. Hong Leong Investment Holdings' Hong Leong Holdings Ltd and Hong Realty hold the remaining 40 per cent and 20 per cent stakes respectively. Hong Leong Investment Holdings is also a substantial shareholder of Guocoland. GuocoLand says the property, which lies within prime District 9, can be developed into a luxury condominium. It is within walking distance to Great World MRT station that is under construction and near to GuocoLand's Martin Modern project.

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About GuocoLand

PASSIONATELY CRAFTED 

BY THE AWARD - WINNING TEAM

GuocoLand, since its listing on the Singapore Exchange in 1978, has been building remarkable homes for the most discerning. Collaborating with distinguished names and the brightest talents has produced close to 11,000 abodes that have garnered numerous awards and accolades.

Whether in Singapore or across Asia, the GuocoLand brand has come to be known for projects that are unmistakably modern and sophisticated, yet livable and timeless.

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About Hong Leong Holdings

MAKING DREAM HOMES A REALITY

Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market with close to 100 residential properties. As a forward-looking developer that continues to pursue improvement and expansion while maintaining its high design, customer service and sustainability standards, HLHL takes pride in being responsible for some of the most distinctive and iconic residential developments in Singapore. As a developer of choice with several exciting developments lined up, its efforts continue to define the concept of a dream home, and to turn these visions into concrete reality.