A three-bedroom duplex penthouse in The Orange Grove — situated at Orange Grove Road, just off Stevens Road — is currently available through private treaty for $8.43 million ($2,083 psf). Even a mortgagee sale, it had been set up for auction from Knight Frank in an introductory cost of $8.26 million ($2,041 psf) on Feb 4, but has been pulled when it didn’t get any bids.
Clavon Clementi price bid for the site of $471.01 translating to $755.74 psf ppr was from Vesta SG Residences. Also, participating in the tender were CSC Land Group, City Development Ltd and MCC Land.
On the first floor of this 4,047 sq ft penthouse, you will find living, living and dining areas, along with two en suite bedrooms. The master bedroom, which has an en suite bath plus a walk-in cupboard, is on the next floor. Each of the rooms include balconies that love unblocked views involving the condo’s pool and clubhouse, in addition to Shangri-La Hotel. Furthermore, there’s a private jacuzzi on the balcony of the master bedroom. The device includes a north-south orientation.
The Orange Grove is a freehold, luxury condo comprising 72 units at a 12-storey block. Produced by Ho Bee Land, it had been finished in 2010.
In accordance with URA caveats lodged, the device was formerly bought in June 2011 for $10.65 million ($2,631 psf) as a new purchase.
The most recent trade at The Orange Grove was to get a 2,153 sq feet, three-bedroom unit on the floor which changed hands for $4.85 million ($2,253 psf) at July 2018. The maximum psf pricing a unit achieved at The Orange Grove was in October 2007, when a 2,153 sq ft unit changed hands for $3,194 psf.
Depending on the most recent lease transactions of components in The Orange Grove which are over 3,000 sq feet in the previous two decades, the penthouse could possibly fetch approximately $15,400 in monthly lease based on $3.80 psf each month.