A two-bedroom penthouse unit at Suites at Orchard is on the market for $2.27 million. The guide cost for the 1,367 sq feet device converts to about $1,660 psf based on the floor area. Based on URA caveats, transactions entailing penthouse devices at Suites at Orchard are rare. No devices of any size were offered between October 2018 as well as December 2020 as well as only four units have actually been offered in the past 18 months. Much this year, at least 36 units have been rented out, compared to at least 60 units that were leased in 2021.
The Dhoby Ghaut location is offered by Dhoby Ghaut MRT Station, which is an interchange serving the North-South, North-East and Circle Lines. Bencoolen MRT Station on the Downtown Line and Bras Basah MRT Station on the Circle Line are likewise nearby.
There are 16 penthouse systems at Suites at Orchard that range from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom units. Up until now, one of the most costly penthouse marketed was a 1,485 sq ft, two-bedroom device that transformed hands for $2.7 million ($1,818 psf) in April 2016.
A two-bedroom penthouse unit at Suites at Orchard gets on the marketplace for $2.27 million. The guide rate for the 1,367 sq ft device equates to around $1,660 psf based on the flooring location. An owner’s sale, the device will be put up for auction by ERA Bukit Batok EC Realty on July 26.
Based on URA caveats, transactions entailing penthouse devices at Suites at Orchard are rare. No units of any dimension were sold in between October 2018 as well as December 2020 and also just 4 units have been offered in the past 18 months. One of the most current transaction was for a 732 sq ft device that was cost $1.4 million ($1,913 psf) on May 27.
Suites at Orchard is a 99-year leasehold development along Handy Road in prime District 9. Found in the Dhoby Ghaut area, the condo is also close to the arts and also heritage areas along Bras Basah, Bencoolen Street and also Middle Road.
Much this year, at the very least 36 systems have actually been leased out, compared to at least 60 devices that were rented in 2021. EdgeProp Singapore also estimates that proprietors that lease out their devices appreciate an approximate rental yield of 3.5%.