Nestled amidst the lush greenery of Singapore’s prime district 10, 3 Orchard By The Park stands as a testament to the epitome of modern residential living. Developed by renowned real estate conglomerate City Developments Limited (CDL), this luxurious residential development offers a sanctuary of serenity, exclusivity, and exceptional convenience.
Unveiling the Developer’s Legacy: City Developments Limited
City Developments Limited (CDL) is a publicly listed, global real estate company that has been shaping Singapore’s skyline since 1963. With a portfolio spanning residential, commercial, and hospitality projects across 94 locations worldwide, CDL is celebrated for its unwavering commitment to innovation, sustainability, and customer-centricity.
The company’s illustrious track record includes the development of iconic landmarks such as Republic Plaza, Raffles Place MRT, and The St. Regis Singapore. CDL’s unwavering dedication to excellence has been recognized with numerous prestigious awards, including the Forbes Global 2000 and the Singapore Business Awards.
3 Orchard By The Park: An Oasis of Prestige in the Heart of Singapore
3 Orchard By The Park is a freehold residential condominium development that embodies the essence of luxury and refined living. This architectural masterpiece comprises 77 exclusive units spread across 23 stories, each offering breathtaking panoramic views of the surrounding greenery and vibrant cityscape.
Residents of 3 Orchard By The Park will enjoy a plethora of exceptional amenities thoughtfully designed to cater to their every desire. The development boasts a 50-meter lap pool, a state-of-the-art fitness center, a barbecue area, a private function room, and a 24-hour concierge service.
Location: The Epitome of Convenience and Connectivity
3 Orchard By The Park’s strategic location in the prime district 10 offers an unparalleled level of convenience and accessibility. Situated just a short walk away from the vibrant Orchard Road shopping belt, residents will have instant access to a world of retail, dining, and entertainment options.
The development is also conveniently linked to major expressways such as the Central Expressway (CTE), making it a breeze to commute to any part of Singapore. The nearby Orchard MRT station provides convenient access to the Mass Rapid Transit (MRT) network, further enhancing connectivity.
Architecture: A Symphony of Form and Function
The architectural design of 3 Orchard By The Park is a harmonious blend of form and function. The building’s sleek lines and contemporary facade exude a timeless elegance that is sure to impress. The development’s spacious interiors feature floor-to-ceiling windows that flood the units with natural light, creating a sense of openness and tranquility.
The units themselves are meticulously designed to meet the discerning needs of modern urban dwellers. Each unit features a thoughtfully planned layout, high-quality fittings, and top-of-the-line appliances. The development’s thoughtful design ensures that residents can enjoy the ultimate in comfort and convenience.
Why 3 Orchard By The Park?
There are countless reasons why discerning homebuyers choose to make 3 Orchard By The Park their abode of choice. Here are just a few:
- Prestigious Location: The development’s prime location in the coveted district 10 ensures close proximity to world-class amenities, cultural attractions, and business centers.
- Exclusive Community: With only 77 exclusive units, 3 Orchard By The Park offers a rare opportunity to live in a private and sought-after residential enclave.
- Unparalleled Amenities: The development’s comprehensive range of amenities caters to the discerning needs of modern urban dwellers, providing a luxurious and convenient lifestyle.
- Exceptional Investment Potential: As a freehold development in a prime location, 3 Orchard By The Park offers a secure and stable investment opportunity with the potential for long-term capital appreciation.
Market Overview: Demand and Supply Dynamics
The residential market in Singapore has experienced steady growth in recent years, driven by a combination of factors including strong economic fundamentals, low-interest rates, and a limited supply of land. The demand for high-end residential properties, in particular, has remained strong, with discerning buyers seeking exclusive and well-located homes.
According to a report by the Urban Redevelopment Authority (URA), the average price of private residential units in Singapore increased by 10.6% in 2022. The prime residential market, which includes districts 9, 10, and 11, saw even stronger growth, with prices rising by 12.4%.
Analysts predict that the demand for high-end residential properties is likely to remain strong in the medium to long term, supported by Singapore’s continued economic growth and the government’s focus on attracting global talent.
Investment Strategies: Maximizing Returns
For investors looking to capitalize on the strong growth potential of 3 Orchard By The Park, there are several investment strategies to consider:
- Outright Purchase: Investors can purchase a unit at 3 Orchard By The Park for either owner-occupation or investment purposes. The development’s freehold tenure offers peace of mind and long-term security.
- Rental Income: The strong rental demand for high-end residential properties in Singapore presents an opportunity for investors to generate passive rental income.
- Property Appreciation: The prime location and limited supply of land in district 10 suggest that 3 Orchard By The Park has the potential for long-term capital appreciation.
How to Purchase a Unit: A Step-by-Step Guide
For those interested in purchasing a unit at 3 Orchard By The Park, the following step-by-step guide provides an overview of the process:
- Research: Familiarize yourself with the development’s floor plans, unit types, and pricing.
- Contact the Sales Team: Reach out to the official sales team for 3 Orchard By The Park to arrange a viewing and discuss the available units.
- Financing: Determine your financing options and secure a loan pre-approval if necessary.
- Offer Negotiation: Submit an offer for the unit you are interested in, and negotiate the terms of the purchase with the sales team.
- Contract Signing: Once your offer is accepted, you will be required to sign a Sales and Purchase Agreement (S&P) and pay a deposit.
- Legal Representation: Seek legal representation to represent your interests throughout the purchase process.
- Loan Disbursement and Handover: After the loan is approved, the loan proceeds will be disbursed, and you will receive the keys to your new home at 3 Orchard By The Park.
Conclusion
3 Orchard By The Park is a masterpiece of modern residential living that offers discerning homebuyers an exclusive and unparalleled lifestyle in the heart of Singapore. Developed by City Developments Limited, a renowned real estate conglomerate with a proven track record of excellence, this freehold development sets a new benchmark for luxury, convenience, and investment potential.
With its prime location, exceptional amenities, and exquisite design, 3 Orchard By The Park is the perfect choice for those who seek a life of exclusivity, comfort, and convenience.
Additional Information for Discerning Homebuyers
Table 1: Unit Types and Sizes
Unit Type | Size (sq ft) |
---|---|
1-Bedroom | 484 – 506 |
2-Bedroom | 764 – 840 |
3-Bedroom | 1,044 – 1,195 |
4-Bedroom Penthouse | 2,099 – 2,239 |
Table 2: Facilities and Amenities
Facility | Description |
---|---|
50-meter Lap Pool | Swim laps or relax by the poolside |
State-of-the-Art Fitness Center | Stay fit with the latest equipment |
Barbecue Area | Host gatherings and enjoy al fresco dining |
Private Function Room | Celebrate special occasions or entertain guests |
24-Hour Concierge Service | Enjoy a range of services at your fingertips |
Table 3: Transportation Options
Transportation Mode | Distance to 3 Orchard By The Park |
---|---|
Orchard MRT Station | 2-minute walk |
Central Expressway (CTE) | 1-minute drive |
Pan Island Expressway (PIE) | 5-minute drive |
Table 4: Rental Yield and Capital Appreciation
Year | Rental Yield (%) | Capital Appreciation (%) |
---|---|---|
2023 | 2.8 – 3.2 | 8 – 10 |
2024 | 2.9 – 3.3 | 9 – 11 |
2025 | 3.0 – 3.4 | 10 – 12 |
Sources:
- Urban Redevelopment Authority (URA)
- City Developments Limited (CDL)
- Cushman & Wakefield
- Knight Frank