The Dhoby Ghaut area is served 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 likewise close by.
Suites at Orchard is the home closest to the Plaza Singapura purchasing mall, as well as situated next to it is the Haus on Handy, which is anticipated to be finished 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.
The device features a routine layout with an en suite master bedroom, an usual shower room and a second bedroom. According to the building listing, the unit is tenanted until December 2023 and also will be sold with the existing tenancy.
Based upon URA cautions, purchases involving penthouse systems at Suites at Orchard are rare. No systems of any kind of dimension were offered between October 2018 and December 2020 and also just four devices have been sold in the past 18 months. One of the most recent purchase was for a 732 sq ft system that was cost $1.4 million ($1,913 psf) on May 27.
Much this year, at least 36 units have been leased out, contrasted to at the very least 60 units that were leased in 2021. EdgeProp Singapore also approximates that proprietors that lease out their devices enjoy an approximate rental return of 3.5%.
A two-bedroom penthouse system at Suites at Orchard is on the market for $2.27 million. The overview rate for the 1,367 sq ft unit translates to about $1,660 psf based on the floor area. A proprietor’s sale, the device will certainly be installed for auction by ERA Realty on July 26.
There are 16 penthouse units at Suites at Orchard that range from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom units. Until now, the most expensive 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 benefits from its distance to the Orchard Road purchasing belt and the arts and heritage district at Bras Basah and 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 condominium is additionally close to the arts as well as heritage areas along Bras Basah, Bencoolen Street as well as Middle Road.
A two-bedroom penthouse system at Suites at Orchard is on the market for $2.27 million. The guide cost for the 1,367 sq ft unit converts to about $1,660 psf based on the flooring location. Based on URA cautions, transactions involving penthouse devices at Suites at Orchard are rare. No systems of any kind of size were sold in between October 2018 and also December 2020 and just four systems have actually been offered in the previous 18 months. Much this year, at least 36 units have actually been leased out, compared to at least 60 devices that were rented in 2021.
