A 2,260 sq ft, four-bedroom unit at Four Seasons Park, along Cuscaden Walk in prime District 10, will be put up for auction on March 27. This is an owner’s sale with a guide price of $6.2 million ($2,743 psf), according to Edmund Tie & Co (ET&Co), which is handling the auction.
The fourth-floor unit overlooks the greenery of the trees within the development. It faces the landed estate of One Tree Hill, away from the noise and activities in the Orchard Road area, says Joy Tan, head of auction and sales at ET&Co.
The space of the unit is fully utilised, with no balcony area, bay window, or household shelter, says Tan. It boasts an entrance foyer, a spacious living and dining area as well as a family area, she adds. The master bedroom has a walkin wardrobe and en suite bathroom, while the junior suite comes with an en suite bathroom. The remaining two bedrooms both share an adjoining bathroom.
The unit is currently tenanted at $8,650 per month until August this year, says Tan, with an option to renew the existing tenancy. Rents for a similar-sized unit at the development in January ranged from $8,000 to $10,500, based on caveats lodged with URA. T
The owner, a local, had purchased the unit in May 2007 for $5.4 million ($2,389 psf). He wants to sell and cash out for a “comfortable retirement”, says Tan.
For price trends, recent transactions, other project info, check out the Four Season Park project details page
Completed in 1994, Four Seasons Park comprises 202 freehold units. It is a five-minute walk to Orchard MRT Station on the NorthSouth Line and the Orchard Road shopping belt. It is within a 1.6km distance to several medical institutions, such as Gleneagles Hospital, Camden Medical Centre and Mount Elizabeth Hospital. There are also a number of embassies in the area, such as the US Embassy, the Chinese embassy, the Australian High Commission, the Royal Thai Embassy and the British High Commission.
Four Seasons Park sits on a sprawling land plot of about 299,775 sq ft. Given the large land plot, owners may look forward to a potential en bloc sale in the future as the condo is in a prime location, points out Tan. “The project site and unit sizes are much bigger than newer developments these days.”
The highest psf price fetched at Four Seasons Park was for a 3,821 sq ft, six-bedroom unit on the 22nd floor. It was sold at $3,036 psf, or $11.6 million, in July 2013.
So far, there has mostly been interest from local buyers, comprising a mix of owner-occupiers and investors, shared Tan
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