Mortgagee sale of converted four-bedder at 3 Orchard By-The-Park for $7.3 mil

May 13, 2022

SINGAPORE (EDGEPROP) - A unit at luxury condominium 3 Orchard By-The-Park, located at 3 Orchard Boulevard, will be put up for sale by SRI at a property auction on May 27. The property is a mortgagee sale and has a guide price of $7.3 million ($3,230 psf).

3 Orchard By-The-Park is a freehold development in prime District 10 built by Malaysian property conglomerate YTL Land & Development. Completed in 2017, the condominium houses a total of 77 units, comprising a mix of two- to four-bedroom units with sizes between 1,066 sq ft and 2,260 sq ft. There are also two 5-bedroom duplex penthouse units measuring 6,500 sq ft and 6,900 sq ft respectively.

The unit that is up for auction is one of the largest at the condominium: It is a 2,260 sq ft, four-bedroom apartment with a private lift lobby. The previous owner had acquired the unit, located on the 20th floor, at $8.18 million ($3,621 psf) in July 2019.

From the private lift, the main entrance leads into the unit’s living room and dining area. An attached balcony offers views overlooking the city facing Cuscaden Road. The original dry kitchen that stood adjacent to the living room was removed by the previous owner to enlarge the space. The wet kitchen, service yard and utility room were also consolidated into one larger enclosed kitchen.

The previous owner had converted one of the four bedrooms into a walk-in wardrobe connected to the master bedroom. The converted bedroom’s en suite toilet was also merged with the master bedroom’s bathroom. Apart from the master suite, there are two additional bedrooms, two common bathrooms, as well as a household shelter.

3 Orchard By-The-Park is a redevelopment of the former Westwood Apartments, which YTL Land & Development had purchased in November 2007 for $435 million ($2,525 psf per plot ratio).

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