A two-bedroom penthouse system at Suites at Orchard gets on the marketplace for $2.27 million. The overview price for the 1,367 sq ft system translates to around $1,660 psf based on the flooring area. A proprietor’s sale, the unit will certainly be installed for public auction by ERA Realty on July 26.
Far this year, at least 36 units have been leased out, contrasted to at the very least 60 systems that were leased in 2021. EdgeProp Singapore additionally approximates that owners that rent out their systems enjoy an approximate rental return of 3.5%.
There are 16 penthouse units at Suites at Orchard that vary from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom units. Thus far, one of the most expensive penthouse marketed was a 1,485 sq ft, two-bedroom device that altered hands for $2.7 million ($1,818 psf) in April 2016.
There are 5 store property advancements that …