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Orchard freehold Semi-D for sale at indicative price of $12 million

by • October 20, 2020 • Landed PropertyComments (0)188

The Orchard freehold Semi-D is situated in an excellent location with Orchard Road just minutes’ walk away

Edmund Tie, the sole marketing agent for the sale of the semi-detached house along Jalan Kelawar announced on October 15 that it is pleased to offer the prime, freehold landed house for sale by expression of interest. The Orchard freehold Semi-D is sited in the exclusive landed-housing enclave bounded by Orchard Boulevard, Grange Road and Paterson Road.

The 2-storey semi-detached property sits on a land area of 454.9 sq m (approximately 4,896 sq ft) and is located on an elevated rectangular site along Jalan Kelawar. With a desirable North-South facing orientation, the Orchard freehold Semi-D is well-ventilated and cooling throughout the year. Sitting atop one of the highest points in One Tree Hill, with a 3-metre elevation from street level, the property enjoys exceptional privacy and commanding views of the surrounding landed estate.

The Orchard freehold Semi-D is situated in an excellent location with Orchard Road just minutes’ walk away. It is surrounded by a plethora of amenities, and is well-served by an extensive transport network.

The upcoming Orchard Boulevard MRT station on the Thomson-East Coast line is a mere 300m away from the property. Despite being located within close proximity to many malls and amenities, it is nestled in an exclusive and serene landed housing enclave. The surrounding houses are mainly owner-occupied and the last transaction along the same row was concluded more than 10 years ago.

Executive director of investment advisory, Tan Chun Ming, commented: “Freehold landed housing in this area are tightly held given the limited supply. Such an opportunity is hard to come by and we expect keen interest from both owner-occupiers and investors. The indicative price of approximately $2,450 psf on land also compares favourably to the transactions in the area. Houses in the new development, One Tree Hill Collection, has been transacting at prices above $3,000 psf.

“The property will be sold on an as-is-where-is basis with vacant possession and is ideal for rebuilding or addition and alteration works to create the ideal home.”

The indicative guide price for the Orchard freehold Semi-D is in the range of $12m, reflecting $2,450 psf on land.

The expression of interest exercise for the semi-detached will close on Tuesday, 17 November 2020 at 3pm.

Orchard freehold Semi-DMr Paul Ho, chief mortgage officer at iCompareLoan, said: “the Orchard freehold Semi-D is attractive because it is in an excellent location.”

The National Parks Board (NParks) and Urban Redevelopment Authority (URA) on Feb 13 unveiled plans to enhance our green spaces in the city. As part of ongoing plans to enhance Orchard Road as a lifestyle destination and to ‘Bring Back the Orchard’, Singapore’s signature street is envisioned to be transformed into a lush green corridor by introducing new green spaces and lush planting. It will form part of a 6km-long green connection linking key historic green and blue spaces in our city centre – Singapore Botanic Gardens, Istana, Fort Canning Park and Singapore River.

These proposed plans follow the public exhibition and consultation exercise in 2019 on the plans for Orchard Road. More than 1,500 members of the public had shared their feedback with many suggestions calling for more green spaces and family-friendly facilities along Orchard Road.

The current 1.3ha Istana Park will be redesigned to combine with the existing Dhoby Ghaut Green and Penang Road Open Space to create a larger green space complete with a new nature playgarden on Orchard Road. There will be new connections from Istana Park to Fort Canning Park via an upcoming linkway at 9 Penang Road (former Park Mall) and proposed sheltered escalators leading from the pedestrian underpass at Canning Rise to Fort Canning Centre at the hilltop.

Fort Canning Park is directly connected to Singapore River via both elevated and underground pedestrian links. In future, pedestrian connectivity can be further enhanced with new delightful public spaces at Clarke Quay road and Merchant Road that the community can enjoy.

Dhoby Ghaut

Proposed plans for the Dhoby Ghaut sub-precinct include pedestrianising a section of Orchard Road from Buyong Road to Handy Road. This allows Istana Park to be better integrated with the Istana entrance and the commercial establishments in the sub-precinct. Together with Dhoby Ghaut Green and Penang Road Open Space, the redesigned Istana Park can more than triple in size to form a new green oasis in Orchard.

Flexible spaces will be created for lifestyle programming, for commercial establishments to extend their activities into a park setting, and to bring greater vibrancy into the entire area. Some of the activities for the area can include both small- and large-scale events such as pop-up stores and major festivals and celebrations to enliven the area and enhance visitor experience. Existing retail offerings along this stretch will front the new park to create an experience of shopping in a garden.

To cater to families, part of the new Istana Park can be transformed into a rustic nature playgarden for children to explore and interact with nature. In addition, there can be a water play area with undulating topography amidst a lush natural setting.

Fort Canning Park

In 2019, NParks completed works for the first phase of enhancements for Fort Canning Park. These enhancements include the restoration of nine historical gardens, as well as improved pedestrian access to Fort Canning Park from the River Valley Foothills. The public exhibition will feature the second phase of enhancements for Fort Canning Park, which include strengthening the connectivity from Istana Park to Fort Canning Park via an upcoming linkway at 9 Penang Road (former Park Mall). To improve accessibility to Fort Canning Centre at the peak of Fort Canning Park, sheltered escalators are planned at Canning Rise.

Fort Canning Centre, which was home to the highly acclaimed Bicentennial Experience exhibition, will be repurposed as a historical gallery to showcase the rich history of the hill through the 14th, 19th and 20th centuries. The gallery will also feature changing displays in partnership with local and international galleries and curators. Visitors can look forward to new multi-concept lifestyle offerings that complement the art, heritage and cultural elements of the area, as well as new F&B offerings at the Centre.

On the other side of Fort Canning Park is Jubilee Park, a family-friendly park where children can play with swings, see-saws, logs and slides hugging the hill slope. The first phase of the park opened in 2019 and it has been popular with families. The park’s 0.48ha play area will double in size to about 0.98ha in 2021 and will feature a new nature playgarden. New play features include a discovery rain garden, play mounds, sand play, trampolines and climbing structures. Plans are afoot to further integrate the park, extending it to the Foothills which will have new F&B offerings and flexible events spaces.

NParks will be calling for proposals for multi-concept lifestyle offerings for the Fort Canning Centre, and for an F&B outlet and event space at The Foothills in end-February 2020.

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