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3-bedroom: Around 2900 - 3000 sq. ft.
3 units/floor
Finishes:
Depending on renovation of each private owner. The living/dining
area may be marble tiles or marble tiles in the living and ceramic
tiles in the dining area or wooden. Bedrooms parquet. Renovated
units may have no balconies. The family area may have a balcony
or be converted into the 4th bedroom without closets.
The family area with a balcony
makes this condo spacious. Living area (right) and
kitchen in foreground. |
Facilities:
Upgraded medium-sized swimming pool, children's pool, playground, car
park, barbecue area, 24-hour security.
Occupancy Rate: Almost 100% as this Condo is popular with
Caucasians. Few new downtown condos have such big floor areas of 3,000
sq. ft.
Investors to note: Freehold. Units renovated to suit
Caucasian tastes, are in great demand by older expats who don't need
tennis or squash courts or gym.
Very rentable if Caucasian expats do not mind obstructed views from
the living room - facing Elizabeth Hotel, Scotts 28 and Trendale
Tower.
Certain rooms have clear city views. The family area has been used as
SOHO (small office, home offices) by some expats or converted to a 4th
bedroom by some owners. If the family area is not converted to a
bedroom and has a good sized balcony, the apartment has that open
spacious feeling.
Advantages: Location on top of a hill. Higher floors
gives an impression of top of the world living with panoramic view of
city.
Upgraded pool and new elevators in 2001. Well maintained grounds.
Privacy at 3 families/floor and only one building.
Floor plan suits most Caucasian families. Big family room, bright
kitchen, one powder room and spacious bedrooms. Big living/dining area
giving a sense of spaciousness.
10-minute walk to Orchard subway and Scotts Road (via short cut past
Goodwood Park Hotel) to American/Tanglin Club or Newton subway.
At least 2 major
supermarkets within 10 minute walk. Cheaper rental than newer condos.
Value for money. Attracts many Caucasians who work in Orchard Road
area as the spouse can wake up late and go to office within 15
minutes.
Have been used as SOHO (home office) for representative offices by
Caucasians, saving considerably on rentals.
Upgraded swimming pool, good landscaping and looks very clean and
(therefore well managed). Neighbours are from the elite class in
general. Several buses to Orchard Road, Shenton Way. Many taxis.
Disadvantages:
Inside the Central Business Restricted Zone. You must pay an
electronic road toll. Lack of unobstructed views for some lower units
or units facing the Scotts 28 Condo and The Elizabeth Hotel.
Balconies appeal to Caucasian expatriates but many Owners have had
closed up the balconies, either due to rainwater seeping into the
living room or to enlarge the living area.
Only pool. No gym or tennis court. Has a big function
room, meeting area and playground.
Some units have living rooms face the Elizabeth Hotel rooms - no view
and are dark, especially the lower floors.
 The
strategy to attract Caucasian expatriate tenants is to provide a
bright kitchen. The kitchen tends to be dark as it is located
between the maid's room and the utility area (see picture above,
maid's room on bottom right, dining room on left, air con compressors
on right) but some Owners have had re-positioned it in the maid's room
area so that the kitchen has windows and are brighter.
The powder room is near the main door and should be renovated in
light-coloured tiles rather than retaining the glossy mosaic wall
tiles.
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April
12, 2011 For Rent
