Description

Luxurious Elegance At Orchard Road's Doorstep

Nestled in the heart of Singapore City's prestigious District 9, 8 Hullet sits over glamorous Orchard Road where luxury, entertainment and style unfolds with every step you take.

8 Hullet is a residential condominium strategically located at Singapore's exclusive shopping belt where the modern convenience of dining, entertainment and good schools is balanced with the quaint and private neighbourhood of a national heritage site.

An exclusive sanctuary in the midst of exciting city living, 8 Hullet features 12 floors of 44 apartments rising above a beautiful verdant garden that serves as space for relaxation and moments of serenity.

Designed with an exquisite arrangement of panelled spacings, her brilliant architecture endows Orchard Road's panoramic skyline with a touch of elegance under a celebration of stars.

With the city as your home, awake to an urban adventure promenading down Orchard Road, soaking in urban city thrills before an elegant evening escapade.

Purchasing Property In Singapore’s Core Central Region

After years of declining residential home prices, Singapore’s property market is finally starting to trend upwards. The popular Core Central Region have seen non-landed private residential property prices rise by 0.1% from the 2nd quarter to the 3rd quarter of 2017, according to the Urban Redevelopment Authority’s Private Residential Property Index. So, is now the right time for investors to think about purchasing property in the Core Central Region?

There is limited freehold property across the island nation. Nowhere is this more prominent than in the Core Central Region, which includes District 9. If you are able to purchase a freehold property, expect the price gap over leasehold – which currently stands at 15-20% – to increase.

The limited supply of land has led to high land bids that will affect future prices and the capital gains of property in the area. Due to the lack of land, en bloc purchases have been increasing. Development Sloane Court recently had a transaction price of S$1,616 (US$1,186) per plot ratio (ppr). According to Nicholas Mak – Executive Director of ZACD Group – a new condo could potentially take its place with an estimated selling price of more than S$2,500 (US$1,834) per square foot. Other projects such as Cuscaden Road had a transaction price of around S$1,826 (US$1,340) ppr. Furthermore, Cairnhill Mansion is asking S$2,101 (US$1,541) per square foot for an en bloc purchase and Kiak Kim Road (GLS) is asking for S$1,250 (US$917) per square foot, which equates to a selling price of S$2,400-2,500 (US$1,760 – US$1,834) per square foot. The bidding period for the latter runs until December 5, 2017, and will provide the winner with a 99-year lease for minimum S$689,353,000 (US$505,712,995).

According to the Urban Redevelopment Authority, there were 729 unit sales transactions in Q1 of 2017, 1,171 in Q2, and 1,470 in Q3 in the Core Central Region. An increase from the previous 619 in Q4 of 2016. While the number of private homes sold in all of Singapore by developers in the first half of the year was 6,388. For home’s priced above S$5 million (US$3.6 million) the sales have been up every year since 2014 according to a report by List Sotheby’s International Realty. The buyers are coming from overseas as well. The report states that up to 50% of luxury properties are being purchased by Chinese nationals, Indonesians, and Malaysians.

There are very few new projects currently available and only a couple currently planned. Lloyd SixtyFive is one such project which recently completed. If you want to invest now, your options are limited, but the timing price wise could be right.

Unit Features

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