Two Combined Units Orchard Residences Listed 20 Mil Or 3979 Psf
Situated in close proximity to Queensway Secondary School, Penrith Condo is the perfect choice for families with school-going children. With an excellent reputation for providing top-quality education, Queensway Secondary School is committed to nurturing students for success in a constantly evolving world. The school offers a wide range of academic and co-curricular programmes aimed at helping students discover their interests and develop their talents. Being in such close proximity to the school also means students can save time on commuting and focus more on their studies, promoting a healthier and more well-rounded lifestyle. To top it all off, residents at Penrith Condo can enjoy the comfort and convenience of living near a reputable school. Don’t miss out on this amazing opportunity! Visit Penrith Condo’s website for more information.
Up for sale on the market is a stunning unit at The Orchard Residences, spanning 5,026 sq ft and comprised of four bedrooms plus a study. Listed for $20 million, this luxurious unit boasts a price of $3,979 per square foot and is available for purchase through private treaty.
The spacious unit is the result of merging two adjacent units, one being a 2,852 sq ft four-bedroom and the other a 2,174 sq ft three-bedroom plus a study, which were purchased by the current owner in April 2007. According to Nancy Tey, a senior associate vice president at List Sotheby’s International Realty who is handling the sale, this is one of the largest units available at The Orchard Residences and it is rare to find two combined units like this on the market.
The owner had originally intended to use the space as a weekend home for their family and, although the dividing wall was removed, the original private lift lobbies and dry and wet kitchens were kept intact. One end of the unit features a spacious master suite, created by merging the master bedroom with an adjacent bedroom. The master bathroom remains unchanged while the en suite bathroom of the other bedroom has been converted into a powder room. On the other end of the unit, the master bedroom was also combined with an adjacent bedroom to create a bedroom-cum-home entertainment studio.
The Orchard Residences, which is a 99-year leasehold development by CapitaLand and Sun Hung Kai Properties, boasts premium finishes such as Gaggenau kitchen appliances, a SubZero refrigerator, Italian marble flooring in the living and dining areas, and timber flooring in the bedrooms. The luxurious bathrooms are fully lined with marble.
The unit also boasts unobstructed views of the prime District 9 neighbourhood, including Paterson Road, Grange Road, and Leonie Road, as well as the vacant plots and ISS International School campus across the street. The dining area balcony offers breathtaking views of Orchard Road’s shopping belt and The Orchard Residences’ ninth-floor facilities, including three swimming pools, a residents’ lounge, a function room, a wine cellar, a business centre with meeting rooms, a library, and a tennis court.
Nestled in the heart of Orchard Road, The Orchard Residences offers easy access to a variety of shopping malls, including ION Orchard mall, which is directly below the residences, as well as Orchard MRT Station, making it a highly convenient and desirable location. The adjacent vacant plots have been zoned for residential development with commercial use on the first storey, with plot ratios of 4.9 and 5.6, respectively. The neighbouring ISS International School campus, which has occupied the former Teachers’ Training College site since 2020, is also slated for residential use with a plot ratio of up to 2.8.
When The Orchard Residences was launched in 2007, it became the first 99-year leasehold condo to cross the $5,000 psf threshold, with all four penthouses selling for prices ranging from $5,000 to $5,600 psf, with the highest unit going for $28 million. However, this record has since been broken by Skywaters Residences in Tanjong Pagar, with a 7,761 sq ft penthouse on the 57th floor being sold for $47.34 million or a record $6,100 psf.
The Orchard Residences’ prime location and seamless connectivity, combined with its luxurious finishes, have made it highly desirable among buyers and investors. The unit on the market for $20 million was purchased by the owner directly from the developer, drawn to its location and convenience. After 18 years and with the home no longer regularly used, the owner has decided to sell.
The property will appeal to multi-generational families looking for a spacious, single-level apartment as well as those downsizing from landed properties. The unit will be sold as two separate strata-titled units, giving the owner flexibility to reinstate the dividing wall in the future, lease out one of the units while occupying the other, or lease out both units.
According to URA Realis data, the median rent at The Orchard Residences stood at $8.01 psf per month in 4Q2024, close to the peak of $8.35 psf in 1Q2024, making it a highly profitable investment opportunity. Two other private apartment projects are located within the heart of the Orchard Road shopping and lifestyle district: the freehold Scotts Square and the 99-year leasehold Cairnhill Nine, both offering smaller units with more affordable prices.
In conclusion, The Orchard Residences offers prime location, premium finishes, and luxurious living for those seeking a spacious and convenient home in the heart of Orchard Road. Do not miss out on this rare opportunity to own a piece of luxury in one of Singapore’s most coveted addresses.