The Orchard Residences has been called the most elite and most expensive address in Singapore. And it is certainly living up to its name and reputation with an average price of S$3,213 per square foot during the first phase of sales. Some of the high level units were sold for a record price of over S$4,000 per square foot. All 98 units made available were sold on a “by invitation” only basis to business partners, associates and referrals.
Among some of the illustrious and astute investors were Thai tycoon Charoen Sirivadhanabhakdi. Realising the value of the property, Mr Charoen purchased not just one, but sixteen units, encompassing four floors, for a total of S$135 million.
Located along the prime shopping district of Orchard Road, the eponymous residential condominiums will be the tallest building in the area at 218 metres tall, making it a landmark both as a property development project and as a building. The prestigious Orchard Residences is being built simultaneously with high-end shopping mall ION Orchard by Orchard Turn Holding Pte Ltd, which is a joint-venture between CapitaLand Limited and Sun Hung Kai Properties Limited.
Expected completion date is late 2009. The 56-storey building features 175 residential units, of which three will be garden units and four will be penthouses. These super luxurious apartments can only be reached through a private lift lobby with card access. Offering a lifestyle of timeless elegance and privacy, the units also feature breathtaking and unobstructed panoramic 360° views of Singapore. A unique enclosed alcove extends from the living and dining areas, and the large master bathrooms feature a curvilinear façade to maximise enjoyment of the views.
Standard fittings include the beautifully sleek and sophisticated wardrobes from Poliform, the world renowned Italian furniture makers, a stylish and individually tailored kitchen from Poggenpohl of Germany, and a wine cooler with tinted tempered glass and framed in solid cherry wood from Sub-Zero.
Positioned as a getaway in the heart of the city, The Orchard Residences also features a 75,000 square foot club facility with a state-of-the-art gym, spa, swimming pool and lavish party house.
The pièce de résistance is a 75,000 square foot high-rise garden which has been referred to as Orchard Road’s “fifth elevation” by architects. Drawn from the inspiration of the site’s heritage as an orchard, this re-creation of a secluded garden, located on the ninth floor, is positioned as a habitat of peaceful serenity for the sole exclusive use of the residents.
Recognition of The Orchard Residences as a uniquely superior product has attracted numerous Singaporean, Asian and international home buyers and investors of high net worth. With ION Orchard shopping mall conveniently located nearby and offering access to premium luxury brands, The Orchard Residences is truly a gateway to luxurious living. |