3 Orchard by the Park - Freehold

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Singapore home prices climb, defying virus restrictions

https://sg.finance.yahoo.com/news/singapore-home-prices-climb-defying-virus-restrictions-013101586.html

Singapore home prices climb, defying virus restrictions Singapore private home prices rose in Q3, showing resilience despite persistent coronavirus restrictions that have disrupted the market.

SINGAPORE: Private home prices in Singapore rose by 0.9 per cent in the third quarter of 2021 from the previous quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on Friday (Oct 1).
The private residential property index rose by 1.5 points, from 163.5 points in the second quarter to 165.0 points in the third quarter.

https://www.channelnewsasia.com/business/ura-private-property-flash-estimates-q3-third-quarter-2214476

Private property prices up 0.9% in Q3 2021: URA flash estimates SINGAPORE: Private home prices in Singapore rose by 0.9 per cent in the third quarter of 2021 from the previous quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on Friday (Oct 1). The private residential property index rose by 1.5 points, from 1

Jervois Mansion – most affordable CCR project launch of the year?

SINGAPORE (EDGEPROP) - Back in 1985, when George Michael’s ”Careless Whisper” and Madonna’s “Like a Virgin” were chart-toppers, Arthur Aw, executive director of investment company Kimen Group, was just enlisting for National Service. Before entering the army, Aw topped out one of the three 4-storey blocks at Jervois Mansions that was completed that year. His father, the late Aw Kim Chen, founder of Kimen Group, was the developer of Jervois Mansions. “This development has sentimental value for our family,” says Aw.’

https://www.edgeprop.sg/property-news/jervois-mansion-–-most-affordable-ccr-project-launch-year

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Was at 3 Orchard by the Park on Sunday to assist our clients who is looking at 3 and 4 bedder. They are currently staying in River Valley, but they would like to be nearer to Orchard Road, and the client is wowed by the beautiful furnishing and well designed layouts of this condo.

https://www.straitstimes.com/business/invest/luxury-properties-in-spore-selling-like-hot-cakes

Based on the URA price index for condominiums in the CCR, prices grew 4.9 per cent over the past five years.
For those buying for rental income, the returns have also been favourable since landlords face little difficulty finding tenants in general, with our high occupancy rates of above 90 per cent.
The luxury market received another shot in the arm since more foreign investors and overseas businesses are turning their attention to Singapore as an alternative Asian financial centre to Hong Kong.
Due to the mounting uncertainties facing Hong Kong's future, a growing number of multinational companies have deployed their resources and set up local branches or headquarters in Singapore.
That has led to an increase in buyers from Hong Kong and China purchasing homes here in recent months.
As more countries reopen their borders progressively, we can expect the number of wealthy international buyers entering the luxury market in Singapore to rise further, which will inevitably push up asset prices.

Luxury properties in S'pore selling like hot cakes Low taxes, stability and capital preservation amid Covid-19 are driving the super-rich to buy homes here.. Read more at straitstimes.com.

Floor plan