Suites at Orchard gain from its distance to the Orchard Road purchasing belt and also the arts and also heritage district at Bras Basah as well as Bencoolen Street.
Based upon URA cautions, transactions entailing penthouse units at Suites at Orchard are rare. No units of any kind of size were marketed in between October 2018 and also December 2020 and only four systems have been sold in the past 18 months. The most recent deal was for a 732 sq ft device that was sold for $1.4 million ($1,913 psf) on May 27.
The Dhoby Ghaut location is served by Dhoby Ghaut MRT Station, which is an interchange serving the North-South, North-East and also Circle Lines. Bencoolen MRT Station on the Downtown Line and Bras Basah MRT Station on the Circle Line are likewise close by.
There are five shop household growths that line Handy Road, a brief roadway on the edge of Mount Sophia. Suites at Orchard is the house closest to the Plaza Singapura mall, and also located next to it is the Haus on Handy, which is anticipated to be completed following year. Additionally in the area is The Luxe, a store advancement with simply 20 homes for lease that was finished in 2007. There is also Nomu, which features just 50 apartments as well as was launched offer for sale in 2006 and finished in 2009. Finally, there is The Cathay Residences, which belongs to the mixed-use development The Cathay, a landmark located at the end of Orchard Road.
Suites at Orchard is a 99-year leasehold advancement along Handy Road in prime District 9. Situated in the Dhoby Ghaut location, the condo is additionally close to the arts as well as heritage areas along Bras Basah, Bencoolen Street as well as Middle Road.
There are 16 penthouse devices at Suites at Orchard that vary from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom systems. Much, the most costly penthouse sold was a 1,485 sq feet, two-bedroom unit that altered hands for $2.7 million ($1,818 psf) in April 2016.
The unit includes a routine design with an en collection master bed room, a typical washroom and also a second room. According to the residential property listing, the system is tenanted till December 2023 and also will certainly be offered with the existing tenancy.
A two-bedroom penthouse unit at Suites at Orchard is on the marketplace for $2.27 million. The overview rate for the 1,367 sq ft unit equates to around $1,660 psf based on the floor area. A proprietor’s sale, the unit will certainly be set up for public auction by ERA Realty on July 26.
A two-bedroom penthouse device at Suites at Orchard is on the market for $2.27 million. The overview price for the 1,367 sq feet unit converts to about $1,660 psf based on the floor location. Based on URA cautions, deals involving penthouse units at Suites at Orchard are unusual. No devices of any size were offered between October 2018 and also December 2020 and also only four units have been sold in the past 18 months. Much this year, at least 36 systems have actually been leased out, compared to at least 60 units that were rented in 2021.
The condominium has actually had a consistent rental track record. Much this year, at the very least 36 units 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 average rental fee is about $5.60 psf per month. EdgeProp Singapore additionally approximates that owners that rent out their systems enjoy an approximate rental yield of 3.5%.
