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

There are 16 penthouse systems at Suites at Orchard that range from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom systems. Much, the most pricey penthouse offered was a 1,485 sq feet, two-bedroom system that transformed hands for $2.7 million ($1,818 psf) in April 2016.

There are 5 shop domestic developments that line Handy Road, a short road on the edge of Mount Sophia. Suites at Orchard is the house closest to the Plaza Singapura shopping center, as well as located next to it is the Haus on Handy, which is expected to be completed following year. In the location is The Luxe, a shop growth with just 20 houses for lease that was finished in 2007. There is likewise Nomu, which features simply 50 apartments as well as was released available in 2006 and also finished in 2009. Finally, there is The Cathay Residences, which belongs to the mixed-use advancement The Cathay, a landmark located at the end of Altura EC Orchard Road.

A two-bedroom penthouse unit at Suites at Orchard is on the market for $2.27 million. The guide rate for the 1,367 sq feet device translates to around $1,660 psf based on the flooring location. Based on URA cautions, purchases including penthouse units at Suites at Orchard are rare. No systems of any size were marketed between October 2018 as well as December 2020 as well as just 4 units have been marketed in the previous 18 months. Much this year, at least 36 systems have been rented out, contrasted to at the very least 60 units that were leased in 2021.

The system features a routine format with an en collection master bed room, a 2nd room and also a common bathroom. According to the home listing, the system is tenanted until December 2023 as well as will be sold with the existing tenancy.

Suites at Orchard benefits from its distance to the Orchard Road buying belt and the arts as well as heritage area at Bras Basah as well as Bencoolen Street.

Suites at Orchard is a 99-year leasehold growth along Handy Road in prime District 9. Found in the Dhoby Ghaut area, the condo is also close to the arts and also heritage districts along Bras Basah, Bencoolen Street and Middle Road.

The Dhoby Ghaut location 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 Bras Basah MRT Station on the Circle Line are likewise nearby.

Botanique at Bartley

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

A two-bedroom penthouse unit at Suites at Orchard gets on the market for $2.27 million. The guide price for the 1,367 sq ft system converts to about $1,660 psf based on the floor location. An owner’s sale, the unit will be set up for auction by ERA Realty on July 26.

Nevertheless, the condo has had a consistent rental record. Much this year, at the very least 36 units have been rented out, compared to at the very least 60 systems that were rented in 2021. A compilation of rental data over the past 12 months by EdgeProp Singapore shows that the typical rent has to do with $5.60 psf monthly. EdgeProp Singapore additionally estimates that owners who lease out their devices take pleasure in an approximate rental yield of 3.5%.