Property Lim Brothers takes us on a tour of AR Residences, a luxury integrated development located in the heart of Orchard Road, District 9. This article will explore the features of a three-bedroom unit within this iconic building.
Overview of AR Residences
AR Residences stands out as the only integrated development in District 9. It offers convenience with direct access to amenities. Completed in 2010, it's an iconic luxury project. It was developed through a joint venture between Capitaland and Hong Kong Land. This 99-year leasehold property began its tenure in 2006.
Key Features
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Location: Heart of Orchard Road, District 9.
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Type: Integrated Development.
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Developer: Capitaland and Hong Kong Land.
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Tenure: 99-year leasehold (commenced in 2006).
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Height: Tallest condo in Orchard at 218 meters.
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Units: 175 units, ranging from three to four-bedroom types.
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Facilities: Located on levels 9 and 30.
The Three-Bedroom Unit (2,174 sq ft)
The featured unit is a three-bedroom plus study, spanning 2,174 square feet. It offers a dumbbell layout and private lift lobby access.
Layout and Design
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Private Lift Lobby: Exclusive access for residents.
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Layout: Dumbbell layout with bedrooms separated for privacy.
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Facing: Facing AA Boulevard, offering a quieter environment. Similar view as the largest units in the development.
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Living/Dining: Spacious living and dining area suitable for large gatherings.
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Balcony: Good-sized balcony with views towards AA Boulevard and future developments.
Kitchen
The unit includes both a wet and dry kitchen. It features high-end appliances and ample storage space.
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Dry Kitchen: Gaggeneau appliances, built-in coffee machine, island.
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Wet Kitchen: Enclosed for heavy cooking.
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Service Yard: Includes washer, dryer, and utility WC.
Investment Potential
AR Residences presents a strong investment opportunity due to its prime location and integrated status.
Capital Appreciation
The property has seen significant capital appreciation. There's an increase of approximately 28% since its launch. This translates from a historical PSF of about $2,800 to the current PSF of about $3,600.
Rental Yield
The average rental PSF per month is over $6.58. This is 62.8% higher than the District 9 average of $4.40. Integrated developments command a premium in rental income. AR Residences' integrated nature gives it a competitive edge.
Comparative Analysis
Other projects were compared regarding PSF (per square foot) such as: The Marq, Scotts Square, 21 Angullia Park, and Ritz Carlton Residences. All of these were integrated or had similar square footage to the unit being featured.
- Location Advantage: Directly above Orchard MRT and integrated with ION Orchard.
Bedrooms and Bathrooms
The unit features well-appointed bedrooms with ensuite bathrooms.
Common Bedrooms
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Features: Ensuite bathrooms with shelving, rain showers, and speakers.
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Size: Suitable for queen-sized beds.
Study
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Versatile Space: Can be used as a study or converted into an additional bedroom.
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Light: Good natural light from balcony access.
Master Bedroom
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Walk-in Wardrobe: Separated by glass sliding doors.
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Ensuite Bathroom: Marble finish, standing shower, and Jacuzzi bathtub.
Amenities and Services
AR Residences offers exclusive amenities and services for its residents.
Facilities
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Level 9: Club with swimming pool and tennis court.
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Level 30: Gym.
Concierge Service
- Luxury Living: Concierge service enhances the living experience.
Connectivity
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Transportation: Direct access to Orchard MRT station and the future Thomson-East Coast Line.
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Shopping: Integrated with ION Orchard.
Unit Details and Pricing
The three-bedroom plus study unit (2,174 sq ft) is listed at $7.4 million, negotiable. This translates to approximately $3,400 per square foot.