A lavish four-bedroom duplex apartment is currently available for sale at the prestigious freehold luxury condo 3 Orchard By-The-Park. This highly sought-after unit can be yours through an expression of interest exercise (EOI) for a guide price of $15.8 million.
Investing in condominiums in Singapore also requires careful consideration of the government’s property cooling measures. Over time, the authorities have implemented several measures to control speculative purchases and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and individuals buying more than one property. While these measures can affect the immediate profitability of condo investments, they also play a vital role in ensuring the long-term stability of the market, creating a secure investment environment. In addition, keeping an eye on new condo launches can also be beneficial for investors looking to enter the Singapore property market.
According to Huttons Asia, the marketing agent responsible for the sale, this particular unit boasts a spacious 3,800 square feet, equivalent to a price of approximately $4,158 per square foot. Among its luxurious features are 4-meter tall ceilings and a private lift, while three of the four bedrooms come with en-suite bathrooms. The unit underwent a significant renovation three years ago, with a whopping $700,000 spent on enhancing its already opulent design.
3 Orchard By-The-Park, situated on Orchard Boulevard and completed in 2017, was designed by renowned Italian architect Antonia Citterio. The development consists of three 25-storey towers, comprising a total of 77 units. These units range from two to four bedrooms and span from 1,066 square feet to 3,800 square feet. Additionally, there are also penthouses available, ranging from 6,555 square feet to 6,900 square feet.
The location of this development is ideal for those who love to shop, with the bustling Orchard Road shopping district just a stone’s throw away. Families with children will also appreciate the close proximity to esteemed educational institutions such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle School Campus), and Singapore Chinese Girls’ School (Primary). For those who rely on public transportation, the Orchard Boulevard MRT Station (Thomson-East Coast Line) is conveniently located near the development as well.
Interested parties can submit their expression of interest by March 5 at 4pm. To view other available listings for 3 Orchard By-the-Park and other luxury condominium properties, check out EdgeProp’s website. For further information on the price trends for this development, comparisons between new sale and resale condos, rental yields, and the most expensive condo projects in District 10, be sure to ask Buddy for assistance.