With Shangrila Hotel as neighbour and with Orchard Road at its doorstep, it has to be.
Each unit in the 118 units in the two 36 storey towers block has floor area of 2000 sg ft. At the current price of $2,600 per sq ft, those without a pocket depth of $5m can only wish about it.
But no worry DBS Bank has come up with an offer you cannot resist. They are giving buyers 80% loan, which mean forking out $1m upfront. With a 30 year loan, the monthly instalment is well, only $18,000. So Ardmore II anyone ?
These projects have breached the $4,000 psf level: Orchard Residences in Orchard Turn, Parkview Eclat in Grange Road, St Regis Residences in Cuscaden Road and The Marq in Paterson Road. Will it sustain at this level under this economic downturn ?
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