Suites at Orchard is a 99-year leasehold, 118-unit condominium that was completed in 2014. is on the market for $2.27 million. The guide price for the 1,367 sq ft unit translates to about $1,660 psf based on the floor area. The property is currently marketed by the ERA Realty auctions team.The unit features a regular layout with an en suite master bedroom, a second bedroom and a common bathroom.
Suites at Orchard benefits from its proximity to the Orchard Road shopping belt and the arts and heritage district at Bras Basah and Bencoolen Street. There are 16 penthouse units at Suites at Orchard that range from 840 sq ft one-bedders to 1,485 sq ft, two-bedroom units. So far, the most expensive penthouse sold was a 1,485 sq ft, two-bedroom unit that changed hands for $2.7 million in April 2016.
Based on URA caveats, transactions involving penthouse units at Suites at Orchard are rare. No units of any size were sold between October 2018 and December 2020 and only four units have been sold in the past 18 months. The most recent transaction was for a 732 sq ft unit that was sold for $1.4 million on May 27.However, the condominium has had a steady rental track record. So far this year, at least 36 units have been leased out, compared to at least 60 units that were leased in 2021.
The Dhoby Ghaut area is served by Dhoby Ghaut MRT Station, which is an interchange serving the the North-South, North-East and Circle Lines. Bencoolen MRT Station on the Downtown Line and Bras Basah MRT Station on the Circle Line are also nearby.