Espada

Espada is a freehold apartment completed in 2013. It is developed by NOVELTY ORCHARD DEVELOPMENT PTE LTD and designed by RONNY CHIN ARCHITECTS PTE LTD. The development occupies a land area of 3,446 sqm and a Gross Floor Area of 9,651 sqm. It consists of 232 units. According to records, buyers of this development are Singaporean 74.1%, PR 12.3%, Foreigner 13.6%, Company 0.0%.

ESPADA is located along St. Thomas Walk in River Valley, in District 9. It is accessible through the nearest MRTs including Somerset NS23 and Great World TE15. The nearest schools are RIVER VALLEY PRIMARY SCHOOL and ERC INSTITUTE.

Based on transaction data in the last 12 months, sale prices range from S$ 2,055 psf to S$ 2,618 psf at an average of S$ 2,380 psf. Its highest recorded transaction was S$ 2,984 psf in Jul 2018 for a 355-sqft unit. Its lowest recorded transaction was S$ 1,732 psf in May 2018 for a 1,270-sqft unit. Its current rental yield is at 3.2%.

Other nearby amenities include: 3 Childcare Centre(s): ALPHABET PLAYHOUSE CHILD CARE AND LEARNING CENTRE PTE LTD, LITTLE VILLAGE ON THE GRANGE, PRODIGY LA PETITE ACADEMY PTE. LTD., and 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, PAN PACIFIC INTERNATIONAL HOLDINGS PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Kindergarten(s): Kay Poh Road Baptist Kindergarten, Little Hands Montessori Kindergarten, Little Raindrops Montessori Pre-School, and 3 Shopping Mall(s): *SCAPE, 313@SOMERSET, ORCHARD BUILDING.

Buyers and tenants are attracted to District 9, which includes Orchard Road, River Valley and Cairnhill. This district is part of Singapore’s Central Business District and has become a must-visit spot for Singapore tourists. Spanning almost 2.2km, Orchard Road represents one of Singapore’s best retail, dining and entertainment boulevards, catering to any taste or budget and ranging from luxury brands to high street fashion. District 9 has a huge selection of exclusive cosmopolitan bistros and on the other end of the scale, a number of popular international fast food restaurants. Fronting Orchard Road, ION Orchard Mall is home to designer brands, as well as Sephora’s largest store in the area. Another major shopping mall in this district is Great World, which caters to locals, with a Cold Storage supermarket, Best Denki electrical store, and Golden Village Cinema. Cairnhill is home to the first freehold Ritz-Carlton property in Asia - the Ritz-Carlton Residence. This property sets a new standard of luxury living in Singapore as these homes feature magnificent finishings, excellent facilities and exemplary services from the legendary The Ritz-Carlton.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.