Project Name: The Orchard Residences
Developer: Orchard Turn Developments Pte Ltd (a joint venture company between CapitaLand and Sun Hung Kai Properties)
Project address: 238 Orchard Boulevard, Singapore 248652
Type: Condominium
No. of units: 175
No. of storeys: 54
Tenure: 99-year leasehold
Year of completion: 2010
District: 9
Configuration:
42 X 3-bedroom units (1,808 sq ft)
42 X 3-bedroom + study units (2,174 sq ft)
84 X 4-bedroom units (2,465 sq ft to 2,852 sq ft)
3 X garden units (4,531 to 6,533 sq ft)
4 X penthouse units (4,273 sq ft)
Parking lots + handicap lots: 270
Nearest MRT: Orchard MRT (North-South Line and Thomson-East Coast Line (u/c))
Plot ratio: 6.3
Site Area: 233,920 sq ft
Located at Orchard Road, the heart of Singapore’s shopping and lifestyle district, The Orchard Residences is a 99-year leasehold luxury development in District 10. Jointly developed by CapitaLand and Hong Kong developer Sun Hung Kai Properties, this 54-storey, 175 unit condo has a good mix of 3-,4-, and penthouse bedroom types, and sits on top of ION Orchard Shopping Mall and Orchard MRT on the North-South Line Station (NSL), which is also a future interchange station along the upcoming Thomson-East Coast Line (TEL).
Its location in prime Orchard District is unrivalled, and the condo is never too far away from modern conveniences and lifestyle options such as schools, malls, eateries, parks and transportation networks.
Orchard MRT is right below the condo and allows residents to travel around the island without much fuss. By 2023, the MRT station will be an interchange for the TEL, further improving the connectivity and accessibility to other parts of Singapore.
Furthermore, under the URA Master Plan, the Orchard area is set to undergo rejuvenation works in a few years; imbuing the area with greenery and injecting the area with innovative, non-retail offerings, ranging from food and beverage pop-ups to dedicated events and entertainment spaces.
Read also: The URA Master Plan: How to Understand It and Make Your Property an Investment
Headquartered in Singapore, CapitaLand Group is one of Asia’s largest diversified real estate groups, developing, owning and managing commercial, retail, business, residential and industrial real estate across the globe.
In Singapore, some of the company’s residential projects include d’Leedon, One Pearl Bank, Sengkang Grand Residences, The Interlace and Bedok Residences.
Meanwhile, Sun Hung Kai Properties Limited (SHKP) is one of the largest Hong Kong property companies in Hong Kong, with extensive experience in developing quality shopping malls, offices, and residences.
Standing tall on Orchard Road, the Orchard Residences sits atop iconic ION Orchard, offering stunning panoramic views of the surrounding areas and the city skyline due to the tall development’s boost from the shopping mall below.
The residence swimming pool and condo facilities sit directly above the shopping mall with enough privacy from neighbouring buildings due to the blocking from the residence itself.
The Orchard Residences comes with your standard condo facilities, such as:
The Orchard Residences is situated in the heart of Orchard Road, a stone’s throw away from the wide array of shopping malls and lifestyle amenities the area offers, the residence also benefits from neighbouring Tanglin and Newton.
Getting around the city from The Orchard Residences is as easy as it gets; the nearest MRT Station is Orchard MRT along the NSL which sits below ION Residences.
Via the NSL, you have direct access to Dhoby Ghaut MRT station — a triple MRT interchange station on the NSL, North-East Line (NEL) and Circle Line (CCL). Furthermore, you also have direct access to City Hall MRT interchange station and Raffles Place MRT interchange station, both interchange stations on the NEL and EWL.
Residents commuting from Orchard MRT station can expect to reach Raffles Place MRT station in the CBD in just 18 minutes. The NSL also offers access to other MRT stations such as Marina Bay MRT station, Toa Payoh MRT station and Ang Mo Kio MRT interchange station.
Similarly, Newton MRT interchange station is one station away from Orchard MRT station. From there, commuters can switch over to the Downtown Line (DTL). Newton MRT station is also connected to Telok Ayer, Downtown, and Bayfront, where you can reach in under 30 minutes with only one train change.
Last but not least, the upcoming Orchard MRT Station will also be a future interchange station for the Thomson-East Coast Line (TEL), boosting accessibility in an area that already offers unrivalled connectivity. By 2023, residents will have direct access to Upper Thomson, Havelock, Stevens, Outram, Bedok and areas in the East Coast.
According to URA, there were eight recent transactions in 2020. The price ranged from $5.7 million to $9.680 million. Meanwhile, the highest transaction to date was for a garden unit between the sixth to 10th floor. The 6,060 sq ft unit was sold for $17.5 million in September 2016.
At time of writing, data from Square Foot shows that the indicative price ranges from $3,152 to $3,622 psf, averaging at $3,404 psf.
The URA Master Plan has expressed the intention to ‘bring back the Orchard’ by increasing flower and green cover along the main road which will also increase pedestrianism and provide an aesthetic facelift to the area.
Additionally, in line with the URA’s plans to encourage walking around the city as a form of transport and leisure, Orchard Road will be part of a green corridor connecting Singapore Botanic Gardens to Fort Canning Park. This will provide residents with a scenic route to take for exercise or getting around the city.
What’s more, the existing green open space near Dhoby Ghaut MRT Station will be rejuvenated to become a more family-friendly outdoor area in the heart of the city. A new sheltered space will allow for outdoor events and concerts, adding to the appeal and excitement of living in Orchard. New playground and water feature facilities will create a fun and engaging new environment in front of the former Park Mall for children to enjoy.
According to the URA Master Plan, the land use of the area is expected to stay commercial with a plot ratio of 6.3. There are no immediate developments in the area apart from the Reserved Site (yellow) located closeby.
Those looking to live a life of convenience and luxury in the heart of Singapore’s shopping and lifestyle district can look no further than The Orchard Residences. Situated atop ION Orchard, residents can bask in the delight of living on Orchard Road, with convenient access to Orchard MRT Station and all the shopping malls and F&B amenities on your doorstep.
The upcoming TEL promises even greater connectivity to the rest of the island as Orchard MRT will be a future MRT interchange station. Residents can look forward to direct access to the Upper Thomson and East Coast areas.
Furthermore, the URA Master Plan for Orchard Road will re-pedestrianise the area, bring more green cover and open spaces, and provide residences with more walking trails between Botanic Gardens and Fort Canning Park.
Want to live in Orchard and above ION Orchard Shopping Mall? See all available unit of The Orchard Residences for sale/rent on PropertyGuru now. Also, check out our reviews of other private properties in Singapore here.
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