Overview Rating
Considering all factors, Irwell Hill Residences receives an overall score of 8/10. Its prime location, proximity to amenities, and future development plans make it a strong contender in the property market. However, its leasehold tenure and higher PSF price may be considered drawbacks for some buyers.
Tenure
Irwell Hill Residences has a 99-year leasehold tenure which can be seen as a disadvantage compared to freehold properties but is still considered acceptable for properties in prime locations.
Amenities
Irwell Hill Residences is within walking distance from Great World MRT Station (6 min walk) and various amenities such as Great World Shopping Centre (1-min walk), Robertson Quay, and several schools. It is also a short drive away from Orchard MRT station, major shopping centers like ION, Ngee Ann City, Paragon, and 313@Somerset.
Future Development
The Urban Redevelopment Authority (URA) has plans for the continued development of areas nearby Irwell Hill Residences like Orchard Road transformation into a lifestyle destination with new retail concepts and public spaces which will likely enhance the property’s appreciation over time.
Sale PSF Price
Irwell Hill Residences has an average sale PSF of $2,977 which is higher than the Core Central Region’s average of $2,585. Although it’s more expensive than other regions, its prime location and quality features justify the higher price.
Resale Potential
The condo’s prime location in District 9 along with its proximity to amenities makes it attractive for resale purposes. Additionally, market conditions have been improving recently which could positively impact resale value in the future
Rental Yield
While specific rental yield data for Irwell Hill Residences isn’t available yet, given its location and accessibility to various amenities it should attract potential tenants leading to a reasonably strong rental yield similar or higher than Singapore’s average rental yield.
Irwell Hill Residences is a luxurious condominium development located in the prestigious District 9 of Singapore. Boasting a total of 540 units, this development offers a wide range of unit sizes and layouts, catering to various housing needs. With its strategic location, top-notch facilities, and quality finishes, Irwell Hill Residences promises to be a highly sought-after property for both homeowners and investors.
Location: Prime District with Excellent Amenities
Pros:
- Proximity to public transportation: Irwell Hill Residences is conveniently located near Great World MRT station on the Thomson-East Coast Line, providing easy access to other parts of Singapore. Additionally, several bus routes pass through nearby Orchard Road, further enhancing connectivity.
- Schools: The development is surrounded by reputable local and international schools such as River Valley Primary School, Anglo Chinese School (Junior), Singapore Chinese Girls’ School, and Singapore Management University.
- Shopping Centers: Major shopping centers such as ION Orchard, Ngee Ann City, Paragon Mall are in close proximity to the development. Great World Shopping Center is just a minute walk away from the condo.
- Dining & Entertainment options: Residents can enjoy various dining and entertainment options at nearby Robertson Quay or at the numerous malls along Orchard Road.
Cons:
- Traffic congestion: Being situated in a prime district means that traffic congestion could be an issue during peak hours. However, with excellent public transportation options available nearby, residents can choose alternative travel methods.
- Higher living costs: As an upscale neighborhood within District 9, living costs may be higher compared to suburban areas.
Units: Luxurious Living Spaces with Modern Designs
Pros:
- Wide range of unit sizes and layouts: Irwell Hill Residences offers different unit types ranging from studios to spacious 4-bedroom Premium units as well as three exclusive Sky Penthouses, catering to various family sizes and preferences.
- Quality finishes: All units come with luxurious imported fittings, branded home equipment, and Smart Home features. These high-quality finishes promise a comfortable and opulent living experience.
Cons:
- Higher price point: Due to the prime location and quality finishes, the price of units may be relatively higher compared to other developments.
Price: Competitive Pricing for a Prime Location
Considering its location in District 9, Irwell Hill Residences offers a competitive price relative to its features, amenities, and location. While the price point may be higher compared to suburban developments, it is important to consider the value offered by its prime location and top-notch facilities.
Conclusion: A Promising Investment Opportunity
In summary, Irwell Hill Residences presents itself as an attractive investment opportunity due to its prime location in District 9, excellent connectivity via public transportations, proximity to reputable schools and shopping centers as well as luxurious unit layouts and finishes. Despite potential drawbacks such as traffic congestion and higher living costs, these factors are mitigated by the convenience of nearby amenities and facilities. Based on this comprehensive review, Irwell Hill Residences represents a worthwhile investment for both homeowners and investors seeking a property with strong capital appreciation potential in a highly sought-after district.
