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The Orchard Residences – S$8.49M 4-Bed Luxury Condo

238 Orchard Boulevard

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Condo

The Orchard Residences – S$8.49M 4-Bed Luxury Condo

238 Orchard Boulevard
1 Units To Buy
For Sale
Type Units Min Area Price Range
4+ BR 1 2852 sqft From S$8.4XM
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Property Highlights
  • Prime Orchard Boulevard address with direct Orchard MRT access in under 2 minutes
  • Spacious 2,852 sqft layout across 4 bedrooms and 5 bathrooms
  • S$8.49 million asking price reflects ultra-premium central Singapore positioning
  • Rare freehold opportunity in one of Singapore's most established luxury corridors
  • Strategic location combines shopping, dining, and business district proximity

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Ref: 60169068

The Orchard Residences: A Flagship Central Singapore Address

Nestled on Orchard Boulevard, The Orchard Residences represents a pinnacle of luxury residential living in Singapore's most celebrated commercial and retail district. This four-bedroom, five-bathroom condominium spans 2,852 square feet of meticulously designed living space, positioned to appeal to discerning high-net-worth buyers and international investors seeking established addresses with sustained capital appreciation potential. The asking price of S$8,490,000 reflects the rarity and prestige associated with freehold properties in this neighbourhood.

Location Excellence and Transport Connectivity

The property's proximity to Orchard MRT Station—a mere 190 metres away with a convenient two-minute walk—provides unparalleled accessibility to Singapore's extensive public transport network. This transport advantage is not merely functional; it represents a significant driver of residential demand and long-term value stability in the Orchard corridor. Being within the immediate catchment of TE14 Orchard MRT Station positions residents to access the island's commercial districts, financial hubs, and leisure destinations with minimal commute friction.

Orchard Boulevard itself occupies a unique position within the broader Orchard planning area. Unlike the main shopping thoroughfare, which experiences intense retail and tourist activity, the Boulevard offers a more residential character while retaining every conceivable shopping, dining, and hospitality amenity within arm's reach. This balance between urban convenience and neighbourhood calm is a defining characteristic that underpins the area's enduring appeal to affluent families and senior executives.

Interior Space and Residential Layout

At 2,852 square feet, this property provides generous room dimensions that accommodate modern family requirements and entertaining on a sophisticated scale. The five-bathroom configuration demonstrates thoughtful planning aligned with contemporary luxury standards, ensuring that multiple household occupants need not compromise on convenience or privacy. Four generously proportioned bedrooms support diverse use cases—from master suites with ensuite facilities to home office arrangements, guest accommodations, and live-in domestic helper quarters, all of which command premium consideration in the central Singapore market.

Market Positioning and Investment Merit

Properties at this price point and location attract a specific investor cohort: international buyers diversifying into Singapore real estate, ultra-high-net-worth families seeking legacy residential assets, and seasoned property investors recognising the inherent scarcity value of freehold freeholds within Orchard's mature, land-constrained perimeter. The Orchard Residences' positioning on a named, established boulevard—as opposed to a side street or integrated development—carries additional gravitas in terms of address prestige and long-term marketability.

The S$8.49 million valuation positions this property within the ultra-premium tier, where pricing is increasingly driven by scarcity, heritage of address, accessibility infrastructure, and the qualitative lifestyle benefits accruing to occupants. In this segment, price per square foot represents only one dimension of valuation; location history, neighbourhood stability, and anticipated capital preservation carry equal weight in purchaser decision-making.

Lifestyle and Neighbourhood Context

Residents of Orchard Boulevard enjoy immediate access to Singapore's highest concentration of luxury retail, fine dining establishments, and five-star hospitality venues. The district has historically commanded premium rental yields for furnished units catering to expatriate tenants and corporate relocations, though owner-occupancy among HNW households dominates the market segment. The neighbourhood's maturity—with established institutional presence including banks, professional services, and corporate headquarters—provides confidence in sustained demand and reduced downside risk during market cycles.

The pedestrian-friendly environment surrounding the property, combined with the proximity to manicured green spaces and cultural institutions, creates a residential ecosystem that transcends the mere function of accommodation. For senior executives, visiting business families, and international investors, the Orchard address signals sophistication and arrives pre-loaded with social currency within Singapore's business and social networks.

Investment Perspective and Capital Appreciation

Freehold properties in the Orchard corridor have historically demonstrated resilience across multiple economic cycles, supported by structural demand from Singapore's resident high-net-worth population, foreign direct investment from major multinational corporations, and the district's role as an aspirational residential address for those who have achieved significant professional success. While property markets inevitably experience fluctuations, the Orchard location's supply-constrained nature—given the absence of substantial land parcels available for new residential development—provides a structural underpinning to long-term value stability.

The S$8.49 million valuation represents a committed capital deployment, appropriate for investors with a medium-to-long-term holding horizon and capital preservation objectives. For those seeking residential enjoyment alongside investment merit, this property delivers both dimensions simultaneously.

Suitability Across Buyer Profiles

The property's configuration, location, and pricing align with multiple buyer archetypes within Singapore's premium residential market. Upgraders transitioning from smaller properties into flagship family homes will find the bedroom count, bathroom provision, and overall square footage accommodate growing household requirements. High-net-worth individuals prioritising central location and established neighbourhood credentials recognise the Orchard Boulevard address as a credible asset within their property portfolio. International investors and expatriate executives evaluating Singapore for residential establishment find the location's proximity to commercial hubs and expatriate social infrastructure particularly compelling. Professional property investors, whilst perhaps viewing owner-occupancy at this price point as suboptimal from a yield perspective, acknowledge that the scarcity premium and capital appreciation potential in freehold Orchard properties justify selective acquisitions for long-term asset accumulation.

Summary Assessment

The Orchard Residences presents a rare offering within Singapore's ultra-premium residential landscape. The combination of freehold tenure, central location on an iconic boulevard, excellent MRT accessibility, generous interior dimensions, and the prestige associated with the Orchard address collectively position this property as a distinctive asset for qualified purchasers. Whether acquired as a personal residence, a family home for the next generation, or a cornerstone within a diversified property portfolio, this property merits serious consideration from those for whom location, address heritage, and long-term value preservation represent paramount purchasing criteria.

Frequently Asked Questions

What is the estimated rental yield if this property is purchased as an investment?

At the S$8.49 million asking price, current market rental yields for comparable luxury four-bedroom properties in the Orchard vicinity typically range between 1.5% and 2.5% per annum, translating to approximate monthly rents of S$10,600 to S$17,700. These yields reflect the property's positioning in the ultra-premium owner-occupier segment, where many purchasers prioritise capital preservation and lifestyle enjoyment over cash-on-cash rental returns. Furnished leasing to expatriate corporate tenants or serviced apartment arrangements occasionally achieve higher yields of 2.5% to 3%, though this requires active management and may not align with the long-term capital appreciation strategy most favoured by this property's target buyer cohort. The freehold tenure enhances yield sustainability compared to leasehold alternatives, as declining lease periods do not erode the underlying asset value.

How does the S$8.49M price compare to recent price-per-sqft transactions in the Orchard area?

The S$8.49 million valuation equates to approximately S$2,975 per square foot, positioning this property at the upper echelon of established Orchard Boulevard transaction pricing. Recent comparable sales of freehold four-bedroom properties within the immediate Orchard neighbourhood have transacted between S$2,800 and S$3,200 per square foot, depending on precise location within the district, views, interior finishes, and building age. Boulevard-fronting properties and those with superior transport accessibility—such as those within a two-minute walk of Orchard MRT Station—command premiums at the higher end of this range. The S$2,975/sqft figure sits comfortably within historical norms for properties of comparable size and location, reflecting neither an aggressive premium nor a bargain discount relative to recent arms-length transactions.

What are the Additional Buyer's Stamp Duty (ABSD) implications for second-property purchasers at this price?

Second-time Singapore property buyers incur Additional Buyer's Stamp Duty on this purchase at a rate of 15% on the first S$180,000 of the purchase price and 20% on the remainder above that threshold. For an S$8.49 million property, the ABSD calculation yields approximately S$1,648,200 in additional duty, payable in addition to standard Stamp Duty (approximately S$430,000). This combined Stamp Duty and ABSD liability of approximately S$2.078 million significantly elevates total acquisition costs for second-time buyers, resulting in an effective acquisition cost of S$10.568 million inclusive of all duty obligations. First-time Singapore citizen or permanent resident buyers avoid ABSD entirely, paying only standard Stamp Duty, which reduces total acquisition costs by approximately S$1.648 million. Foreign and corporate purchasers face the same ABSD rates as second-time buyers, plus a flat 5% ABSD surcharge, substantially elevating their total duty liability and making this price point particularly sensitive to buyer classification.

Are there lease decay or resale value risks affecting this property?

As a freehold property, The Orchard Residences carries zero lease decay risk, representing a fundamental structural advantage over leasehold alternatives in Singapore's property market. Unlike leasehold properties, which experience predictable long-term value depreciation as the lease duration shortens, freehold tenure ensures that the underlying land value remains perpetually intact and capable of capital appreciation independent of time passage. This freehold status is particularly significant at the S$8.49 million valuation level, where ultra-premium buyers prioritise legacy assets with multigenerational wealth preservation potential. The absence of lease decay risk eliminates refinancing complications in later holding periods, removes the necessity for future enbloc participation decisions, and ensures that exit strategies remain flexible regardless of how long the property is retained. From a resale perspective, freehold tenure in the Orchard corridor continues to command demonstrable buyer preference, underpinning sustained marketability and price resilience.

How does proximity to Orchard MRT Station affect long-term demand and capital appreciation?

Proximity to mass rapid transit infrastructure represents one of Singapore's most enduring value drivers, and the two-minute walk to Orchard MRT Station significantly amplifies demand sustainability and capital appreciation potential for this property. Direct MRT accessibility eliminates transportation friction for daily commuting, dramatically expanding the addressable purchaser base beyond those willing to endure private vehicle dependency or taxi costs. Historical data from the past two decades demonstrates that properties within 300 metres of major MRT stations in prime locations consistently outperform peers located further away, experiencing superior capital growth during market upswings and greater downside resilience during corrections. The TE14 Orchard MRT Station itself sits within Singapore's most strategically positioned interchange hub, serving not only the Thomson-East Coast Line but also connecting to multiple Circle Line stations and the North-South Line corridor. This multi-modal accessibility creates sustained structural demand from professionals, students, and business travellers, underpinning the neighbourhood's appeal across economic cycles. The MRT advantage effectively acts as a demand multiplier, broadening the pool of potential purchasers and supporting long-term value preservation even if wider property market conditions soften.

Is this property suitable for first-time property buyers in Singapore?

Whilst not ideally positioned for first-time buyers constrained by mortgage serviceability ratios, this property may appeal to first-time buyers with exceptional liquidity and income profiles. First-time Singapore citizen or permanent resident purchasers benefit from exemption from Additional Buyer's Stamp Duty, reducing total acquisition costs by approximately S$1.648 million compared to subsequent purchases—a meaningful advantage at this price level. However, mortgage serviceability requirements remain stringent: banks typically limit total debt servicing obligations to 30% of gross monthly income (the Debt-to-Income Ratio or DTI), meaning a purchaser financing S$6.5 million would require gross monthly household income exceeding approximately S$65,000 to meet lending criteria. For most first-time buyers without exceptional income, this price point necessitates a substantial cash downpayment exceeding 50% of the purchase price to achieve adequate financing. First-time buyers with significant family wealth or inherited assets may view this property favourably as an entry point into the ultra-premium market, establishing a flagship primary residence without ABSD friction. However, the majority of first-time buyers would find smaller, more modestly priced properties in emerging growth areas more accessible and sensible starting points.

What Total Debt Serviceability Ratio (TDSR) and financing headroom are available at this price point?

Financing an S$8.49 million property typically requires substantial personal capital deployment, as most purchasers at this level elect downpayments of 40% to 60%, reducing mortgage requirements to between S$3.4 million and S$5.1 million. Using a conservative mortgage term of 30 years at approximate current interest rates of 4.2%, monthly mortgage servicing on a S$5.1 million loan approximates S$24,800, necessitating gross monthly household income exceeding S$82,600 to satisfy the standard 30% TDSR ceiling applied by major Singapore banks. High-net-worth purchasers typically structure acquisitions with minimal leverage, preferring to deploy excess liquidity into downpayments rather than maximise loan amounts, which naturally reduces TDSR pressure and enhances flexibility for subsequent investments. For well-capitalised buyers, financing headroom is rarely the constraint; rather, the decision focuses on optimal capital allocation between property acquisition and alternative investments offering competitive risk-adjusted returns. Purchasers with complex income structures—such as business owners with variable earnings—may encounter tighter TDSR interpretation from conservative lenders, potentially requiring larger downpayments or alternative financing vehicles.

How does this property compare to competing developments in the immediate Orchard vicinity?

The Orchard Residences' freehold status and standalone boulevard location differentiate it substantially from competing leasehold developments located within the broader Orchard planning area, such as major integrated residential projects on adjacent streets or in nearby precincts. Direct Boulevard frontage provides superior prestige and address recognition compared to properties occupying internal development positions or secondary streets, with pricing premiums of 5% to 15% typically evident for equivalent-sized units in identical locations. Competing leasehold properties of comparable size and specification in the Orchard neighbourhood typically list in the S$7.2 million to S$8.1 million range, reflecting a discount relative to this property attributable to finite lease duration and associated future refinancing constraints. Institutional residential developments offer shared amenity complexes—swimming pools, gyms, concierge services—which standalone properties do not provide, though these cannot be replicated in a private residential setting and represent different value propositions entirely. The property's freehold tenure, direct MRT proximity, and established heritage address position it as a distinctive offering rather than a direct equivalent to newer leasehold towers, commanding justified premium positioning within the comparative market landscape.

Which unit stack, floor level, or orientation offers the best value within this property?

Within the Orchard Boulevard location, north-facing and east-facing units typically command slight premiums due to natural lighting patterns and reduced afternoon solar heat gain—particularly relevant for properties in Singapore's tropical climate where cooling costs represent a meaningful household expense. Higher floor levels (typically 25th floor and above, if available within the building) attract predictable premiums of 2% to 5% per floor level, reflecting superior views, reduced street noise, and enhanced sense of exclusivity associated with elevated positioning. However, mid-to-upper floors (15th to 25th range) often represent optimal value, offering tangible view and noise benefits without the incremental premium commanded by penthouses or uppermost levels. Southern and western exposures, whilst potentially offering dramatic sunset views, experience greater solar heat load and may incur marginally higher air-conditioning operational costs across the holding period. Unit positions at building corners, offering multiple window exposures and superior natural ventilation, typically command premiums of 3% to 8% relative to middle units of identical floor area. Purchasers prioritising long-term capital value rather than premium pricing should focus on mid-to-upper floor levels with east or north orientations, avoiding the disproportionate premiums commanded by penthouses or ultra-corner positions.

What future supply pipeline or development activity is anticipated in the Orchard district that might affect property values?

The Orchard planning area is classified as a mature, primarily residential and commercial district with stringent building height controls and limited available land for greenfield residential development, creating a naturally constrained supply environment that structurally supports long-term price stability. The Urban Redevelopment Authority's Master Plan designates most of Orchard as 'Conservation Area' or 'White Site'—categories permitting only specified uses and precluding large-scale new residential towers. Recent government initiatives emphasise preserving the Orchard district's character rather than intensifying residential density, suggesting limited new supply will materially alter the scarcity premium supporting existing properties. The Thomson-East Coast Line's completion (with Orchard MRT Station becoming operational in 2024) enhances existing properties' value rather than undermining it, as improved transit accessibility boosts demand without proportional new residential supply. Potential future enbloc en bloc collective sale activity affecting neighbouring properties or ageing developments may displace some residents, marginally increasing demand for alternatives such as this property, though specific enbloc timing remains unpredictable. Government land sales or long-term leasehold allocations in the broader Central Area may occasionally inject new supply, but such developments typically target different buyer segments or price points rather than directly competing for ultra-premium freehold buyers. The structural supply constraints in the Orchard corridor—combined with sustained demand from Singapore's HNW population—suggest long-term appreciation momentum remains favourable for existing established properties.