Espada

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

  See All 5 Photos

Sale Price *

Average
S$ 2,380 psf
Range
S$ 2,055 - 2,618 psf

Rental Price **

Average
S$ 6.4 psf pm
Range
S$ 3.3 - 10.0 psf pm

Rental Yield **

3.2%

Rental income expressed as a percentage of the property's value.

Amenities

4.2
4.2

Convenience

4.5
4.5

Connectivity

Details

No Data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
11 Facilities Available
Barbeque Area
Barbeque Area
Covered car park
Covered car park
Fitness corner
Fitness corner
Function room
Function room
Gymnasium room
Gymnasium room
Jacuzzi
Jacuzzi
Playground
Playground
24 hours security
24 hours security
Swimming pool
Swimming pool
Tennis courts
Tennis courts
Wading pool
Wading pool
Description
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.
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What they say
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5
"Superb condo close to the world famous orchard shopping belt. Great resort style pool. 2 thumbs up"
L***** C***
Google Review     |   17 Jul 2021
5
"Good condo"
K***** C***
Google Review     |   07 Jul 2021
5
"Nice condo"
J** J**
Google Review     |   18 May 2021
4
"Very good location and renta"
K***** C***
Google Review     |   15 Aug 2020
5
"Modern accommodation with full condominium facilities! Tranquil environment, with friendly residents as well"
D** M******
Google Review     |   03 Aug 2019
5
"It is vastly undervalued. Prices should be 20% higher than it should be at current time ($3200-3500psf) . Due to sales at launch, the prices for different floor levels should be about $5000 higher. "
A***
Owner     |   01 Dec 2017
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Floor Plans
48
2
1

ESPADA - 48 - 2 - 1

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
No Data
Unit Mix
Bedroom Type
1BR
Area
344 - 1270 sqft
No. of Units
204
Bedroom Type
2BR
Area
667 - 1313 sqft
No. of Units
28

Sales Transaction of ESPADA (Limited to 10)

Unit Search
#
There are 308 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Date
Area(sqft)
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No Data
Rental Transactions of ESPADA
There are 990 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
300 to 400
2,779
29
922,571
7
3.6
400 to 500
2,967
3
-
-
-
500 to 600
3,170
4
1,150,000
1
3.3
600 to 700
3,772
18
-
-
-
700 to 800
3,800
5
-
-
-
1200 to 1300
4,500
1
-
-
-
1300 to 1400
4,500
1
-
-
-
Historical Quarterly Rental
Note: 25% of the tenant population paid below Rental 25th, 50% paid below the Median Rental and 75% paid below Rental 75th. Data are only available if there are more than 10 contracts signed in any quarter.

Graph Data

Table Data

PeriodRental 25th (S$ psf pm)Median Rental (S$ psf pm)Rental 75th (S$ psf pm)Contacts Signed
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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On JAN 2020
Irwell Bank Road
Site Use
Residential
Tenure
99
Plot Ratio
2.8
Site Area (sqm)
12,787
Site GFA (sqm)
35,803
Highest Bid ($M)
583.9
Highest Bid ($PSF)
1514.6
Number of BIDS
7
Land ($M)
583.9
Construction ($M)
127.2
Land Financing ($M)
51.1
Profesional / Legal / Taxes ($M)
85.3
Marketing / Others ($M)
50.8
Estimated Total Cost ($M)
898.33
Estimated Breakeven ($psf ppr)
2,331
Sold On FEB 2021
10A/B & 11 Institution Hills
Site Use
Residential
Tenure
999
Plot Ratio
2.8
Site Area (sqm)
1,329
Site GFA (sqm)
3,720
Highest Bid ($M)
56.6
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
56.6
Construction ($M)
13.2
Land Financing ($M)
5
Profesional / Legal / Taxes ($M)
8.4
Marketing / Others ($M)
5
Estimated Total Cost ($M)
88.13
Estimated Breakeven ($psf ppr)
2,201

Listings

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thumb-images
11
$1,500,000
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D9
  • 2013
  • Freehold
  • S$ 2,280 psf
  • 657 sqft
  • Saint Thomas Walk
JASON wong
send_enquiry
thumb-images
11
$1,298,000
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D9
  • 2013
  • Freehold
  • S$ 2,320 psf
  • 48 Saint Thomas Walk
Derek Teng
send_enquiry
thumb-images
11
View to Offer
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 2,370 psf
  • 48 Saint Thomas Walk
Robin Loh K.B.
send_enquiry
thumb-images
11
$965,000
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • Condominium
  • D9
  • 2013
  • Freehold
  • S$ 2,720 psf
  • 48 Saint Thomas Walk
Joshua Wong
send_enquiry
thumb-images
11
View to Offer
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 2,430 psf
  • 48 Saint Thomas Walk
Julia Yeo
send_enquiry
thumb-images
11
$990,000
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 2,630 psf
  • 50 Saint Thomas Walk
Celine Kong
send_enquiry
thumb-images
11
View to Offer
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 2,630 psf
  • 48 Saint Thomas Walk
CK YEAP
send_enquiry
thumb-images
11
View to Offer
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 3,070 psf
  • 48 Saint Thomas Walk
Jeremy Goh
send_enquiry
thumb-images
11
$1,580,000
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 2,400 psf
  • 48 Saint Thomas Walk
Li Wen Teo
send_enquiry
thumb-images
11
$965,000
  • 78% Rental Volume

  • 1 bed
  • 1 bath
  • D9
  • 2013
  • Freehold
  • S$ 2,560 psf
  • 48 Saint Thomas Walk
Rachel Lee
send_enquiry

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Property News

COMMENTARY: What can $2,500 monthly rent get you?

Property News

Unit at Orchard Towers sees $1.8 mil profit

Property News

River Valley home prices riding high

Property News

Shoebox rents have fallen 13% since 2013 peak

FAQs about ESPADA

What is the nearest MRT Station to ESPADA ?
The nearest MRT Station from ESPADA are Somerset NS23 MRT, Great World TE15 MRT