The Dhoby Ghaut area is offered 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 also close by.
Suites at Orchard is a 99-year leasehold growth along Handy Road in prime District 9. Found in the Dhoby Ghaut area, the condominium is likewise close to the arts and heritage areas along Bras Basah, Bencoolen Street and Middle Road.
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 equates to about $1,660 psf based on the floor location. Based on URA caveats, purchases involving penthouse devices at Suites at Orchard are unusual. No systems of any type of size were marketed between October 2018 and December 2020 and just 4 devices have actually been sold in the previous 18 months. Much this year, at the very least 36 devices have actually been Arina East Residences leased out, contrasted to at the very least 60 devices that were rented in 2021.
The condo has had a steady rental track record. Until now this year, a minimum of 36 units have been leased out, compared to at least 60 systems that were rented in 2021. A collection of rental data over the past 12 months by EdgeProp Singapore shows that the ordinary lease is about $5.60 psf per month. EdgeProp Singapore likewise estimates that proprietors that rent out their systems appreciate an approximate rental return of 3.5%.
A two-bedroom penthouse system at Suites at Orchard gets on the market for $2.27 million. The guide rate for the 1,367 sq ft unit translates to about $1,660 psf based on the floor area. An owner’s sale, the device will certainly be installed for auction by ERA Realty on July 26.
Based upon URA caveats, purchases involving penthouse devices at Suites at Orchard are unusual. No units of any type of dimension were sold in between October 2018 and December 2020 and also just four units have been marketed in the past 18 months. One of the most recent deal was for a 732 sq ft unit that was cost $1.4 million ($1,913 psf) on May 27.
Suites at Orchard take advantage of its closeness to the Orchard Road shopping belt and the arts and also heritage area at Bras Basah as well as Bencoolen Street.
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. Up until now, the most expensive penthouse offered was a 1,485 sq ft, two-bedroom device that altered hands for $2.7 million ($1,818 psf) in April 2016.
The unit includes a regular design with an en suite bedroom, a common restroom and also a second bed room. A small solution backyard is connected to the open-concept kitchen area, which leads into the living and also dining room. A staircase in the living room results in the top flooring as well as a porch next to the living room facing Handy Road, while the top flooring includes an unsheltered roofing terrace. According to the residential or commercial property listing, the device is tenanted until December 2023 and also will certainly be sold with the existing tenancy.
There are five shop domestic advancements that line Handy Road, a brief roadway on the edge of Mount Sophia. Suites at Orchard is the residence closest to the Plaza Singapura shopping mall, and also situated next to it is the Haus on Handy, which is expected to be completed following year. Likewise in the area is The Luxe, a shop growth with just 20 apartments for lease that was finished in 2007. There is likewise Nomu, which includes just 50 homes as well as was launched up for sale in 2006 and also finished in 2009. There is The Cathay Residences, which is component of the mixed-use advancement The Cathay, a landmark located at the end of Orchard Road.
