Here is my review of Haus on Handy by CDL Regulus Pte. Ltd, located in the Orchard area. The show flat is along Clemenceau Avenue (Next to house of Tan Yeok Nee). Developer’s price and brochure is available upon request as unit sales are on-going.
Haus on Handy – A 99-year old condo development with 188 residential units made up from 2 blocks (9 storeys and 12 storeys). It is located in Handy Road near to Plaza Singapura. Haus on Handy is the result of government land sale at $212.2 million, or $1,722 psf per plot ratio (psf ppr)
Location and Surroundings:
Dhoby Gaut MRT station is within 2 minutes walk away from Haus on Handy. Nearby malls include Plaza Singapura and The Cathay and Bugis Junction. There are well-known educational institutions such as School of the Arts (SOTA), Singapore Management University (SMU), LASALLE College of the Arts and Nanyang Academy of Fine Arts (NAFA) located in close proximity to Haus on Handy. This is one of the best residential project launched recently if you are looking for prime CBD location and pure convenience.
Bring back the Orchard – Orchard Road will be enhanced as an urban green corridor with lush planting and new green spaces. The existing green open spaces above Dhoby Ghaut MRT station provide respite from the hustle and bustle of Orchard Road. The large mature trees, wide open spaces and pleasant shade stand in contrast with the surrounding hotels and shopping malls.
Price and Comparisons:
It is rare to have government release land sales site in district 9 as there are limited plots available. The estimated breakeven for Haus on Handy is S$2,310 psf.
Based on information from the estimated breakeven cost, I will expect the developer’s asking price to be around the range of S$2,800-2,900 psf. I feel that this asking price for an Orchard area project is reasonable in today’s context, as the other resale option around the area is Suites at Orchard. This project (Suites at Orchard) was built in 2007 and is also 99-year leasehold, the last transacted price was around S$2,400 psf.
Developer’s Track Record:
CDL Regulus Pte. Ltd – Well-known for their quality finishes and luxury high-end developments, They have developed many projects such as New Futura, South Beach Residences, Nouvel 18, The Residences at W Sentosa. They are one of the biggest listed developers in Singapore and have over 100 residential developments.
The current conversation building will be turned into a Clubhouse (Club Haus), will have many facilities including a gym studio, club lounge and concierge service desk. This is great for residents who have active lifestyles as they can attend classes and meet with like-minded neighbours.
Designer Display – For the 1 bedroom and 1 bedroom + study layout, there is the option to have the TV console or partition wall with sliding door.
Haus on Handy is one of the best projects launched this year that is located in the Orchard area. It is so close to MRT and Plaza Singapura, investors will easily rent out and sustain decent rental yield. The price is acceptable, considering the limited residential projects in the vicinity and that new launches closer to Orchard Road are asking at least S$3,3000psf. Yes, it is a 99-year leasehold instead of a freehold but there is little difference up till the 78th-year lease remaining mark. In other words, for the first 21 years of a 99-year leasehold property, prices will not have any significant difference compared with a freehold property with similar attributes.
It is only after the 21 years then you will notice the value start to depreciate compared to freehold. This is why generally, 99-years leasehold projects have higher rental yields as freehold projects cost 10-15% more. I believe the fundamentals of property investment such as the location, price and timing is more crucial than the tenure. For this reason, Haus on Handy is an excellent choice for investors and buyers who have active lifestyles.
Value for money: ⭐⭐⭐⭐ 4/5
Future appreciation:⭐⭐⭐⭐4 /5
If you would like to have the Haus on Handy brochure, floor plans or pricing, do inform us. Feel free to drop a message, we will get back to you shortly.
While every reasonable care has been taken in preparing this website, the agents cannot be held responsible for any inaccuracies or omissions. Visual representations, illustrations, photographs, art renderings, and other graphic representations and references are intended to portray only the artist’s impressions of the development and cannot be regarded as a representation of fact. All information, specifications, renderings, visual representations and plans are correct at the time of publication and are subject to change as may be required by us and/or the competent authorities and shall not form part of any offer or contract nor constitute any warranty by us and shall not be regarded as statements or representations of fact. All facts are subject to amendments as directed and/or approved by authorities.