A lavish four-bedroom duplex apartment, situated in the prestigious freehold luxury condominium 3 Orchard By-The-Park, is now available for sale through an expression of interest exercise (EOI) with a guide price of $15.8 million.
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Investing in a Singapore Condo offers numerous benefits, one of which is the potential for capital appreciation. This is largely due to Singapore’s advantageous position as a global business hub and its strong economic fundamentals, both of which attract a constant demand for real estate. Throughout the years, the real estate market in Singapore has shown a consistent increase in property prices, particularly in prime locations where condos are highly sought after. Investors who make smart investments at the right time and hold onto their properties for the long term can reap significant capital gains in the lucrative Singapore Condo market.
Measuring over 3,800 sq ft, the unit translates to around $4,158 psf, according to marketing agent Huttons Asia. Boasting a 4m ceiling height and a private lift, three of the four bedrooms feature ensuite bathrooms. The unit underwent extensive renovations three years ago, with a whopping $700,000 spent on the revamp, as revealed by Huttons.
3 Orchard By-The-Park, located on Orchard Boulevard, was completed in 2017 and was designed by esteemed Italian architect Antonia Citterio. Consisting of three 25-storey towers, the development houses a total of 77 units, including two- to four-bedroom units ranging from 1,066 sq ft to 3,800 sq ft, as well as penthouses measuring 6,555 sq ft to 6,900 sq ft.
Strategically located near the Orchard Road shopping belt, the development is also in close 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 just a stone’s throw away as well.
Recent transactions at 3 Orchard By-The-Park indicate its attractiveness, as seen on EdgeProp Buddy. Interested buyers and investors can check for the latest listings of 3 Orchard By-The-Park and also compare the price trends of new sale condos versus resale condos, rental yields, and condo projects with the highest average price per square foot in District 10.
The EOI for this unit will close on March 5 at 4pm. For more information, visit EdgeProp Buddy or visit the website for 3 Orchard By-The-Park.