There appears to be a delay in the launch of Avenue South Residence. The Preview was originally tipped for late May 2019, but now it is looking like the showflat opening could be postponed till June or July.
Perhaps the developer is waiting for Sky Everton to launch first. Sky Everton, as well as the former Pearl Bank are near by to
Avenue South Residence, and so are direct competitors for the same pool of buyers. However their land costs were a lot higher, and will very likely be priced that much higher too. If at least one of them, probably Sky Everton, were to launch first, it could set the benchmark for that area, and pave the way to buyer acceptance of the Avenue South Residence price levels.
Having said that however, it is only fair to say that unlike
the Sky Everton condo, and especially the Pearl Bank site, both of which are within walking distance of an
MRT station, Avenue South Residence is at least 15 minutes walk to the nearest
MRT station. But it has the advantage of them in having sea views for high floor units, while Sky Everton has the advantage of being a freehold site.