An EOI exercise is now open for a four-bedroom duplex apartment at the prestigious freehold condo, 3 Orchard By-The-Park, with a guide price of $15.8 million.
The decision to invest in a condo in Singapore has become increasingly favored by both local and foreign investors, thanks to the country’s strong economy, stable political climate, and overall high quality of life. The real estate market in Singapore presents a wealth of opportunities, and condos are particularly appealing for their convenience, amenities, and potential for profitable returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when making an investment in a Singaporean condo property.
The spacious unit, measuring over 3,800 sq ft, translates to a price of approximately $4,158 psf, as per Huttons Asia, the marketing agent for the property. It boasts a soaring ceiling height of 4m and a private lift, and three of the four bedrooms come with ensuite bathrooms. The current owner has invested over $700,000 in renovating the unit three years ago, making it a truly luxurious and modern living space.
Located on Orchard Boulevard, 3 Orchard By-The-Park was completed in 2017 and was designed by renowned Italian architect Antonia Citterio. It comprises three elegant 25-storey towers, housing a total of 77 units. These units range in size from two- to four-bedrooms, ranging from 1,066 sq ft to 3,800 sq ft. There are also exclusive penthouses of 6,555 sq ft to 6,900 sq ft available for those seeking an even more opulent lifestyle.
Conveniently located near the bustling shopping district of Orchard Road, residents can also enjoy easy access to top schools such as 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 within close proximity.
Recent transactions at 3 Orchard By-The-Park suggest strong demand for luxury homes in this coveted address. The EOI exercise for the four-bedroom duplex apartment will close on March 5 at 4pm. Interested parties can view the latest listings for 3 Orchard By-The-Park on EdgeProp and use the Buddy feature to compare price trends of new sale and resale condos, as well as rental yield and the most expensive average PSF for condominiums in District 10.