Le Quest Condo at Bukit Batok West Avenue 6 by Qingjian Realty

Le Quest Condo at Bukit Batok West Avenue 6 by Qingjian Realty. Near to Jurong East Region High Speed Railway Terminus

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

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 also close by.

Cairnhill Nine Site Plan

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 translates to about $1,660 psf based on the flooring area. Based on URA cautions, transactions entailing penthouse units at Suites at Orchard are rare. No devices of any size were marketed in between October 2018 and December 2020 as well as only 4 devices have been marketed in the past 18 months. Far this year, at least 36 units have actually been leased out, compared to at the very least 60 units that were leased in 2021.

Suites at Orchard is a 99-year leasehold growth along Handy Road in prime District 9. The 118-unit growth was finished in 2014. Situated in the Dhoby Ghaut area, the condo is additionally close to the arts and heritage districts along Bras Basah, Bencoolen Street and also Middle Road. The National Museum, the Singapore Management University university and also the School of the Arts are also close by.

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

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

The unit includes a normal design with an en suite bedroom, a second room and also a common restroom. A tiny solution yard is connected to the open-concept kitchen, which leads into the living and also dining-room. A stairs in the living-room brings about the upper floor and also a porch beside the living-room dealing with Handy Road, while the top flooring includes an unsheltered roof covering balcony. According to the residential or commercial property listing, the device is tenanted up until December 2023 as well as will certainly be sold with the existing occupancy.

The condominium has had a consistent rental track document. Up until now this year, a minimum of 36 units have been rented out, compared to at the very least 60 devices that were rented in 2021. A collection of rental information over the past 12 months by EdgeProp Singapore reveals that the average rent is about $5.60 psf monthly. EdgeProp Singapore additionally approximates that owners who rent out their units enjoy an approximate rental return of 3.5%.

Based upon URA cautions, deals including penthouse units at Suites at Orchard are uncommon. No devices of any kind of dimension were marketed in between October 2018 and also December 2020 as well as just 4 systems have actually been marketed 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.

A two-bedroom penthouse unit at Suites at Orchard is on the market for $2.27 million. The overview rate for the 1,367 sq ft unit equates to around $1,660 psf based on the floor area. A proprietor’s sale, the system will be installed for public auction by ERA Realty on July 26.

Suites at Orchard is the home closest to the Plaza Singapura purchasing mall, as well as located next to it is the Haus on Handy, which is anticipated to be completed following year. There is The Cathay Residences, which is part of the mixed-use growth The Cathay, a spots located at the end of Orchard Road.

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