UPPERHOUSE at Orchard Boulevard, a luxury residential development by UOL Group Limited, has seen significant interest during its private preview, with over 53% of units sold. The development’s strategic location in the Orchard Road precinct and its appealing attributes have attracted both owner-occupiers and investors, according to UOL’s Chief Corporate & Development Officer, Yvonne Tan.
The development’s success is attributed to its prime location and the narrowing price gap between the Core Central Region (CCR) and Rest of Central Region (RCR), as well as the attractive price differential between freehold and leasehold high-end luxury properties. Tan stated, “The strong take-up at UPPERHOUSE at Orchard Boulevard’s private preview reflects buyers’ confidence in its location in the Orchard Road precinct.”
Anson Lim, Senior General Manager (Residential Marketing) at UOL, noted that the development’s appeal is further reinforced by its direct MRT access, efficient layouts, and competitive pricing. “A strong visitorship over the last two preview weekends has resulted in a healthy take-up across all unit types,” Lim said, highlighting that a high floor unit in the Bespoke Collection was sold for approximately $7.66m.
The development’s success underscores the continued demand for luxury properties in Singapore’s prime districts, with almost all buyers being Singaporeans and permanent residents. As the Orchard Road precinct continues to rejuvenate, UPPERHOUSE at Orchard Boulevard is poised to remain a sought-after address for discerning buyers.
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