Last tower of 3 Orchard By-the-Park launched; four units sold at $3,850 psf to $4,100 psf

September 16, 2022


All four units sold are four-bedroom apartment types and achieved prices of $12.516 million to $14.388 million, or $3,850 psf to $4,100 psf (Photo: Samuel Isaac Chua/EdgeProp Singapore)

The final tower of 3 Orchard By-The-Park was launched for sale over the weekend of Sept 10–11, and four units were taken up. The apartments released for sale are the three- and four-bedroom lofts that come with double volume ceiling and spiral staircase linking the upper and lower floors. The three-bedroom lofts are 2,583 sq ft in size, while the four-bedroom lofts are 3,521 sq ft. The penthouses are 6,092 sq ft each.

All four units sold are four-bedroom apartment types and achieved prices of $12.516 million to $14.388 million, or $3,850 psf to $4,100 psf. Three of the units were purchased by Chinese buyers, one of whom picked up two units. The fourth unit was purchased by an American citizen. Under the Free Trade Agreements, American citizens and those from Iceland, Liechtenstein, Norway and Switzerland are exempted from paying the additional buyer’s stamp duty (ABSD) of 30% for the first residential property purchase.

Designed by Italian architect Antonio Citterio, 3 Orchard By-the-Park has 77 units spread across the three 25-storey residential towers, with themes such as Water, Wilderness and Wood. The project was completed in 2017 and launched in July 2018. About 95% of the units released in the first two towers (Wood and Wilderness) have been taken up to date. Hence, units in the final tower, Water, were released.

Read more at: https://www.edgeprop.sg/property-new...0-psf-4100-psf