bukit828Suites at Orchard is a 99-year leasehold Hillhaven Condo development along Handy Road in prime District 9. The 118-unit advancement was finished in 2014. Situated in the Dhoby Ghaut area, the condominium is likewise near the arts as well as heritage districts along Bras Basah, Bencoolen Street and also Middle Road. The National Museum, the Singapore Management University school and also the School of the Arts are also nearby.
There are 16 penthouse devices at Suites at Orchard that vary from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom units. Thus far, one of the most costly penthouse sold was a 1,485 sq ft, two-bedroom device that changed hands for $2.7 million ($1,818 psf) in April 2016.
The Dhoby Ghaut location is served by Dhoby Ghaut MRT Station, which is an interchange offering the North-South, North-East and also Circle Lines. Bencoolen MRT Station on the Downtown Line and Bras Basah MRT Station on the Circle Line are likewise close by.
There are 5 shop domestic advancements that line Handy Road, a short road on the edge of Mount Sophia. Suites at Orchard is the home closest to the Plaza Singapura shopping center, as well as located beside it is the Haus on Handy, which is anticipated to be completed next year. Additionally in the location is The Luxe, a shop growth with just 20 homes for lease that was completed in Renting Out My Condo 2007. There is likewise Nomu, which features just 50 homes and was launched available in 2006 and completed in 2009. Lastly, there is The Cathay Residences, which belongs to the mixed-use development The Cathay, a landmark situated at the end of Orchard Road.
A two-bedroom penthouse device at Suites at Orchard is on the market for $2.27 million. The overview rate for the 1,367 sq feet unit equates to about $1,660 Hillhaven Condo psf based on the flooring area. Based on URA caveats, deals entailing penthouse systems at Suites at Orchard are uncommon. No systems of any dimension were marketed between October 2018 and also December 2020 and only 4 systems have been marketed in the past 18 months. Far this year, at the very least 36 units have been rented out, compared to at the very least 60 systems that were leased in 2021.
A two-bedroom penthouse system at Suites at Orchard gets on the market for $2.27 million. The overview rate for the 1,367 sq ft system translates to about $1,660 psf based on the floor location. An owner’s sale, the device will be put up for public auction by ERA Realty on July 26.
The system features a regular format with an en collection master bedroom, an usual washroom as well as a 2nd bedroom. According to the home listing, the system is tenanted till December 2023 and also will certainly be sold with the existing tenancy.
Nevertheless, the condominium has had a stable rental performance history. Up until now this year, at least 36 systems have been rented out, contrasted to a minimum of 60 units that were leased in 2021. A compilation of rental information over the past 12 months by EdgeProp Singapore shows that the typical rental fee is about $5.60 psf per month. EdgeProp Singapore also estimates that proprietors who rent out their devices delight in an approximate rental yield of 3.5%.
Based upon URA cautions, transactions involving penthouse devices at Suites at Orchard are uncommon. No systems of any kind of size were marketed in between October 2018 and also December 2020 and just 4 devices have actually been marketed in the past 18 months. The most recent purchase was for a 732 sq ft device that was sold for $1.4 million ($1,913 psf) on May 27.
Suites at Orchard gain from its closeness to the Orchard Road purchasing belt and the arts as well as heritage area at Bras Basah and Bencoolen Street.
