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

The device features a routine format with an en suite master bedroom, a 2nd bed room and also an usual bathroom. A little service lawn is connected to the open-concept kitchen area, which introduces the living and dining room. A stairs in the living-room results in the upper flooring and also a terrace close to the living room encountering Handy Road, while the upper floor consists of an unsheltered roof covering balcony. According to the building listing, the system is tenanted until December 2023 and also will certainly be marketed with the existing tenancy.

Highpark Residences Details

A two-bedroom penthouse device at Suites at Orchard is on the marketplace for $2.27 million. The guide cost for the 1,367 sq ft device translates to around $1,660 psf based on the flooring location. An owner’s sale, the system will be installed for public auction by ERA Realty on July 26.

The Dhoby Ghaut location is offered 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 as well as Bras Basah MRT Station on the Circle Line are also nearby.

Based upon URA cautions, deals including penthouse systems at Suites at Orchard are uncommon. No systems of any size were offered in between October 2018 and also December 2020 and just 4 units have actually been marketed in the past 18 months. The most current purchase was for a 732 sq ft system that was sold for $1.4 million ($1,913 psf) on May 27.

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

A two-bedroom penthouse device at Suites at Orchard is on the market for $2.27 million. The guide cost for the 1,367 sq ft device equates to around $1,660 psf based on the flooring location. Based on URA caveats, transactions involving penthouse devices at Suites at Orchard are unusual. No systems of any kind of size were marketed between October 2018 and December 2020 as well as only 4 systems have actually been sold in the previous 18 months. Much this year, at least 36 units have been leased out, contrasted to at the very least 60 systems that were rented in 2021.

There are 16 penthouse systems at Suites at Orchard that vary from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom units. Far, the most costly penthouse sold was a 1,485 sq ft, two-bedroom unit that altered hands for $2.7 million ($1,818 psf) in April 2016.

Suites at Orchard is a 99-year leasehold development along Handy Road in prime District 9. Situated in the Dhoby Ghaut location, the condominium is also close to the arts and heritage districts along Bras Basah, Bencoolen Street as well as Middle Road.

Suites at Orchard is the residence closest to the Plaza Singapura buying mall, and situated beside it is the Haus on Handy, which is anticipated to be completed following year. There is The Cathay Residences, which is component of the mixed-use advancement The Cathay, a spots located at the end of Orchard Road.

Nevertheless, the condo has had a stable rental record. Far this year, at the very least 36 units have actually been rented out, compared to at the very least 60 units that were rented in 2021. A compilation of rental information over the past 12 months by EdgeProp Singapore reveals that the average lease is about $5.60 psf per month. EdgeProp Singapore likewise estimates that proprietors that lease out their units delight in an approximate rental yield of 3.5%.

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