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

The condo has had a consistent rental track record. So far this year, at the very least 36 systems have been rented out, compared to a minimum of 60 units that were leased in 2021. A collection of rental data over the past 12 months by EdgeProp Singapore shows that the typical lease has to do with $5.60 psf each month. EdgeProp Singapore also estimates that owners that rent out their systems delight in an approximate rental return of 3.5%.

The device includes a routine layout with an en suite master room, a 2nd room and a common washroom. According to the building listing, the device is tenanted up until December 2023 and also will be sold with the existing occupancy.

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

Suites at Orchard benefits from its proximity to the Orchard Road shopping belt as well as the arts as well as heritage district at Bras Basah and also Bencoolen Street.

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

Sant Ritz

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

The Dhoby Ghaut area is served by Dhoby Ghaut MRT Station, which is an interchange offering the North-South, North-East and Circle Lines. Bencoolen MRT Station on the Downtown Line as well as Bras Basah MRT Station on the Circle Line are likewise close by.

There are five shop residential growths that line Handy Road, a short road on the edge of Mount Sophia. Suites at Orchard is the residence closest to the Plaza Singapura shopping center, and also located close to it is the Haus on Handy, which is anticipated to be completed next year. In the area is The Luxe, a boutique growth with just 20 apartment or condos for lease that was finished in 2007. There is also Nomu, which includes simply 50 apartment or condos and also was launched up for sale in 2006 and completed in 2009. Ultimately, there is The Cathay Residences, which becomes part of the mixed-use development The Cathay, a site located at the end of Orchard Road.

A two-bedroom penthouse system at Suites at Orchard gets on the marketplace for $2.27 million. The guide price for the 1,367 sq ft unit equates to about $1,660 psf based upon the flooring area. An owner’s sale, the device will certainly be put 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 ft device translates to around $1,660 psf based on the flooring location. Based on URA cautions, transactions involving penthouse units at Suites at Orchard are unusual. No devices of any dimension were marketed in between October 2018 and December 2020 and only four systems have been offered in the past 18 months. Far this year, at least 36 systems have actually been rented out, contrasted to at the very least 60 units that were leased in 2021.

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