Suites at Orchard is a 99-year leasehold advancement along Handy Road in prime District 9. Situated in the Dhoby Ghaut location, the condominium is likewise close to the arts and also heritage areas along Bras Basah, Bencoolen Street and Middle Road.
There are five store residential developments that line Handy Road, a short road on the edge of Mount Sophia. Suites at Orchard is the home closest to the Plaza Singapura shopping mall, and located close to it is the Haus on Handy, which is anticipated to be finished following year. Additionally in the area is The Luxe, a shop growth with just 20 houses for lease that was finished in 2007. There is also Nomu, which features simply 50 apartment or condos and was released to buy in 2006 as well as completed in 2009. Lastly, there is The Cathay Residences, which belongs to the mixed-use development The Cathay, a landmark situated at the end of Orchard Road.
Based on URA caveats, transactions entailing penthouse systems at Suites at Orchard are uncommon. No units of any type of dimension were sold in between October 2018 and December 2020 and just four units have been marketed in the past 18 months. The most recent transaction was for a 732 sq ft unit that was cost $1.4 million ($1,913 psf) on May 27.
Suites at Orchard benefits from its proximity to the Orchard Road purchasing belt as well as the arts and heritage district at Bras Basah as well as Bencoolen Street.
The system features a normal layout with an en suite master bedroom, a 2nd room and an usual washroom. A little solution lawn is attached to the open-concept kitchen area, which leads into the living and also dining room. A staircase in the living-room brings about the upper flooring and also a veranda beside the living room encountering Handy Road, while the upper flooring consists of an unsheltered roof terrace. According to the residential or commercial property listing, the device is tenanted till December 2023 and will certainly be marketed with the existing occupancy.
The Dhoby Ghaut area is served by Dhoby Ghaut MRT Station, which is an interchange serving the North-South, North-East as well as Circle Lines. Bencoolen MRT Station on the Downtown Line and also Bras Basah MRT Station on the Circle Line are also nearby.
A two-bedroom penthouse system at Suites at Orchard gets on the marketplace for $2.27 million. The overview price for the 1,367 sq ft device translates to around $1,660 psf based on the floor location. A proprietor’s sale, the unit will certainly be put up for auction by ERA Realty on July 26.
A two-bedroom penthouse unit at Suites at Orchard is on the market for $2.27 million. The guide price for the 1,367 sq feet system translates to about $1,660 psf based on the floor area. Based on URA caveats, transactions including penthouse units at Suites at Orchard are uncommon. No systems of any dimension were marketed between October 2018 and also December 2020 and just 4 devices have been marketed in the previous 18 months. Much this year, at least 36 units have actually been leased out, contrasted to at the very least 60 systems that were leased in 2021.
The condominium has actually had a constant rental track record. Far this year, at least 36 systems have been leased out, compared to at the very least 60 systems that were leased in 2021. A compilation of rental information over the past 12 months by EdgeProp Singapore reveals that the ordinary lease is about $5.60 psf monthly. EdgeProp Singapore also estimates that proprietors that rent out their devices appreciate an approximate rental yield of 3.5%.
There are 16 penthouse systems at Suites at Orchard that vary from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom systems. Until now, the most expensive penthouse offered was a 1,485 sq ft, two-bedroom unit that altered hands for $2.7 million ($1,818 psf) in April 2016.
Singapore Condo refers to a type of housing in Singapore that typically offers luxurious and convenient living spaces. These properties are often high-rise buildings with modern amenities and facilities such as swimming pools, gyms, and security services. One such example is Parktown Residences, a highly sought-after condominium in Singapore that offers spacious and well-designed units, as well as a prime location in the heart of the city. With its sophisticated and contemporary design, residents at Parktown Residences can enjoy a comfortable and stylish lifestyle in one of the most bustling cities in Asia.
