A four-bedroom duplex apartment, situated at the highly sought-after freehold luxury condo, 3 Orchard By-The-Park, is currently available for sale through an expression of interest exercise (EOI). The marketing agent for the unit, Huttons Asia, has set the guide price at $15.8 million.
Spanning over 3,800 sq ft, the unit has an average price of around $4,158 per sq ft. The highlight of the unit is its 4m ceiling height and private lift, with three out of the four bedrooms boasting ensuite bathrooms. The unit was extensively renovated three years ago, with an impressive $700,000 spent on revamping it, as stated by Huttons.
The 3 Orchard By-The-Park condo, located on Orchard Boulevard, was completed in 2017. It is designed by renowned Italian architect Antonia Citterio and comprises three 25-storey towers, housing a total of 77 units. The residences range from two to four-bedroom units of 1,066 sq ft to 3,800 sq ft, with penthouses sized at 6,555 sq ft to 6,900 sq ft.
Potential residents of 3 Orchard By-The-Park will enjoy its prime location near the Orchard Road shopping belt, as well as proximity to reputable 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 Orchard Boulevard MRT Station (Thomson-East Coast Line) is also conveniently nearby.
For those interested, the EOI will close on March 5 at 4pm. To view the latest listings for 3 Orchard By-The-Park, visit EdgeProp’s website and use the Ask Buddy feature. You can also compare the price trend of new sale condos versus resale condos, as well as the rental yield for 3 Orchard By-The-Park. Additionally, take a look at the condo projects with the most expensive average price per sq ft in District 10.
When contemplating a condominium investment, it is crucial to evaluate the potential rental yield as well. Rental yield refers to the annual rental income in relation to the property’s purchase price, expressed as a percentage. In Singapore, condo rental yields may vary significantly depending on factors such as location, property condition, and market demand. It is often observed that areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. Conducting extensive market research and seeking guidance from real estate agents can provide valuable insights into the rental prospects of a particular condo. If you are interested in investing in condos in Singapore, be sure to check out Singapore Projects for more information.
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