Two-bedroom penthouse at Suites at Orchard selling for $2.27 mil

Suites at Orchard is a 99-year leasehold development along Handy Road in prime District 9. The 118-unit growth was completed in 2014. Situated in the Dhoby Ghaut location, the condominium is likewise close to the arts as well as heritage areas along Bras Basah, Bencoolen Street and Middle Road. The National Museum, the Singapore Management University university and also the School of the Arts are additionally close by.

The system includes a regular format with an en collection master room, a second bed room and also a typical bathroom. According to the building listing, the device is tenanted until December 2023 as well as will certainly be offered with the existing tenancy.

There are 16 penthouse devices at Suites at Orchard that vary from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom devices. So far, one of the most costly penthouse offered was a 1,485 sq ft, two-bedroom system that altered hands for $2.7 million ($1,818 psf) in April 2016.

Nevertheless, the condo has had a constant rental record. Much this year, at the very least 36 units have been leased out, contrasted to at the very least 60 systems that were rented in 2021. A collection of rental information over the past 12 months by EdgeProp Singapore reveals that the average rental fee has to do with $5.60 psf per month. EdgeProp Singapore additionally estimates that owners that rent out their systems take pleasure in an approximate rental return of 3.5%.

The Dhoby Ghaut area is served by Dhoby Ghaut MRT Station, which is an interchange offering 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 additionally nearby.

A two-bedroom penthouse device at Suites at Orchard is on the market for $2.27 million. The guide price for the 1,367 sq ft device equates to about $1,660 psf based upon the flooring area. A proprietor’s sale, the unit will certainly be set up for public auction by ERA Realty on July 26.

Suites at Orchard is the house closest to the Plaza Singapura buying mall, and also situated beside it is the Haus on Handy, which is anticipated to be finished next year. There is The Cathay Residences, which is part of the mixed-use growth The Cathay, a landmark situated at the end of Orchard Road.

Suites at Orchard take advantage of its closeness to the Orchard Road buying belt and the arts as well as heritage area at Bras Basah and also Bencoolen Street.

Based on URA caveats, purchases involving penthouse systems at Suites at Orchard are uncommon. No units of any type of dimension were offered between October 2018 and December 2020 and also just 4 systems have actually been marketed in the past 18 months. One of the most current transaction was for a 732 sq ft unit that was sold for $1.4 million ($1,913 psf) on May 27.

Cairnhill Nine Condo

A two-bedroom penthouse system at Suites at Orchard is on the market for $2.27 million. The overview cost for the 1,367 sq ft device converts to around $1,660 psf based on the floor area. Based on URA cautions, deals including penthouse devices at Suites at Orchard are rare. No systems of any dimension were sold in between October 2018 and also December 2020 and also only 4 systems have been sold in the past 18 months. Far this year, at least 36 systems have actually been leased out, contrasted to at least 60 devices that were leased in 2021.

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