3 Orchard By-The-Park, a freehold luxury condominium, is offering a four-bedroom duplex apartment for sale through an expression of interest exercise (EOI) at a guide price of $15.8 million. The unit, marketed by Huttons Asia, boasts a spacious 3,800 sq ft layout, translating to a price of approximately $4,158 psf.
The unit features a 4m high ceiling and a private lift, with three of the four bedrooms having ensuite bathrooms. It underwent a major renovation three years ago, with a total cost of over $700,000, according to Huttons.
Ultimately, purchasing a condo in Singapore offers a plethora of benefits, ranging from high demand to potential for capital appreciation and attractive rental yields. Nevertheless, it is crucial to carefully consider various factors, such as location, financing options, government regulations, and market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor aiming to diversify your portfolio or a foreign buyer seeking a stable and lucrative investment opportunity, condos in Singapore present a compelling choice.
Completed in 2017, 3 Orchard By-The-Park is designed by renowned Italian architect Antonia Citterio. It comprises of three 25-storey towers, offering a total of 77 units. The residences range from two- to four-bedroom units, with sizes ranging from 1,066 sq ft to 3,800 sq ft. There are also penthouses available, ranging from 6,555 sq ft to 6,900 sq ft.
Strategically located on Orchard Boulevard, the development is in close proximity to the bustling Orchard Road shopping belt. Top schools in the area include Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle School Campus), and Singapore Chinese Girls’ School (Primary). The upcoming Orchard Boulevard MRT Station (Thomson-East Coast Line) is also just a stone’s throw away.
Recent transactions at 3 Orchard By-The-Park have shown the popularity of the development, with units selling at high prices (see chart).
Interested buyers have until March 5 at 4pm to submit their EOI. To view the latest listings and compare prices for 3 Orchard By-The-Park and other condo properties, check out EdgeProp Buddy.
Additionally, you can also use Buddy to find out the price trend of new launch condos versus resale condos, as well as the rental yield for 3 Orchard By-The-Park and other similar properties. You can also discover other luxury condo projects in District 10 with the most expensive average PSF through EdgeProp Buddy.
In related news, a money launderer facing charges has reportedly spent lavishly on luxury goods, rental of a bungalow, and luxury condos. Moreover, according to data, ticket sizes for core central region (CCR) condos have dropped by 20% in just five months, while the last tower of 3 Orchard By-The-Park has been launched, with four units already sold at prices ranging from $3,850 psf to $4,100 psf.