Overview Rating
Grange 1866 scores highly for its proximity to amenities, freehold tenure, and future development potential. The project offers a luxurious living experience with exclusive units in a prime location but falls slightly short on sale PSF price compared to other regions. Overall, Grange 1866 is an attractive investment for buyers seeking a high-quality residence in a prestigious neighborhood with strong resale potential and rental yield possibilities.
Tenure
Grange 1866 offers an attractive freehold tenure, which can be beneficial for long-term ownership and potential resale value in the future compared to leasehold developments.
Amenities
Grange 1866 is well-situated with close proximity to numerous amenities. It is only 600 meters away from Orchard MRT station and within walking distance to various shopping malls, such as ION Orchard, Wheelock Place, and Wisma Atria. There are also several schools nearby, like EtonHouse International Pre-School and Alexandra Primary School.
Future Development
The surrounding area of Grange Road has been designated by URA for future growth as an upscale residential district while maintaining its character as a leafy enclave with lush greenery through conservation efforts.
Sale PSF Price
The indicative sale PSF price range for Grange 1866 is between $2,673 and $3,145. This price range is higher than the average PSF prices in OCR and RCR but falls within the CCR average of $2,585.
Resale Potential
Considering its prime location in District 10, sought-after address near Orchard Road, freehold tenure, and access to numerous amenities; Grange 1866 has a strong resale potential in the market.
Rental Yield
The exclusive nature of the development (60 units) along with its location near schools and commercial hubs like Orchard Road makes it appealing to potential tenants seeking high-quality residences. However, rental yield would depend on market conditions at the time of leasing.
Introduction
Grange 1866 is a luxurious freehold condominium located at 74 Grange Road in the prestigious District 10 of Singapore. This boutique development comprises only 60 exclusive units, featuring one and two-bedroom apartments with premium finishes and ingenious designs. Residents can enjoy a variety of amenities, such as a lap pool, gym, open terrace, pool deck, pavilion, and more.
Location
Grange 1866 offers numerous advantages due to its prime location in the heart of Singapore’s city. Located just 600 meters from Orchard MRT Station, residents have easy access to public transportation. The upcoming Orchard Boulevard MRT station will further enhance connectivity once completed.
The condo’s proximity to renowned educational institutions such as EtonHouse International Pre-School, Alexandra Primary School, Raffles Girls’ Secondary School, and ISS International School makes it an ideal choice for families with children. In addition, shopping and lifestyle amenities are within walking distance, including ION Orchard Mall, Wheelock Place, Liat Towers, Wisma Atria and Far East Shopping Centre.
However, some may find the bustling location less suitable for those seeking tranquility or privacy. Despite this drawback, Grange 1866’s central location ensures that residents can easily access various parts of the island via the Central Expressway (CTE).
Units
Grange 1866 offers well-designed units with practical layouts and top-notch finishes. The one-bedroom units range from approximately 527 sqft while two-bedroom units range from about 710 sqft to 829 sqft. The double-volume ceilings give each unit a spacious feel.
The high-quality fittings and sleek design elements provide an elegant living experience for residents. However, some may find the limited unit sizes restricting for larger families or those seeking more expansive living spaces.
Price
Considering the prime location in District 10, Grange 1866 offers a competitive pricing relative to its features and amenities. With indicative prices ranging from $1,447,000 to $2,607,000 and sale price per square foot (psf) between $2,673 and $3,145, the condo presents an attractive investment opportunity.
It is essential for potential buyers to compare the condo’s pricing with other nearby developments and consider factors such as location, unit size, and amenities when assessing the value for money.
Conclusion
Grange 1866 provides an exclusive living experience in a prime location with modern units and various amenities. Its close proximity to public transportation, schools, shopping centers and other amenities make it a highly desirable choice for various lifestyles.
On the other hand, the limited unit sizes may not be suitable for all preferences. Nevertheless, given the competitive pricing and excellent features offered by Grange 1866 compared to neighboring properties in District 10, it represents a potentially good investment opportunity in Singapore’s property market.
