Comparing 2 New Freehold Condos in Orchard/Tanglin

One sits on Orchard Boulevard while the other is on Tomlinson Road. Both are about as close to the ION Orchard end of Orchard Road as you can get.

3 Orchard by the Park

Park Nova

These two new launch freehold condos – 3 Orchard by the Park and Park Nova – are even closer to Tanglin Mall, Tudor Court Shopping Gallery, The Regent Singapore, St Regis Hotel, Tanglin Shopping Centre, Four Seasons Hotel, Camden Medical Centre, the Embassy Row and the Singapore Botanic Gardens. It’s certainly a prestigious neighbourhood that needs no further introduction.

3 Orchard by the Park is fully completed and ready for moving in, while Park Nova’s TOP is on 31 October 2024. Hence your choice could depend on your urgency to move in.

3 Orchard by the Park is a masterpiece by world-renowned Italian architect, Antonio Citterio. This is his first residential project in South East Asia. This project fulfills his vision of creating villas in the sky for those who desire all the pleasures of a coveted lifestyle. The show unit is fully furnished with world-leading Italian furniture by Armani Casa.

Both projects are ideal for ultra-high-net-worth individuals who demand the finest details and will settle for nothing less.

Location

If you’re a parent concerned about your children’s education, here are schools within 1km from both developments:

• ISS International School
• Eton House International School
• Norwegian Supplementary School
• Finnish Supplementatry School
• Raffles Girls’ Secondary School

As for MRTs, you have no less than three MRT stations within 1km from home:

• Orchard
• Orchard Boulevard (completion in 2022)
• Napier (completion in 2022)

Unit distribution

3 Orchard by the Park is a three-block development while Park Nova has only one block. Both developments are high-rises with 3 Orchard by the Park standing tall at 25 storeys while Park Nova has a height of 20 storeys.

3 Orchard by the Park has a total of 77 units but 51 units have already been sold. Hence there are only 26 units currently available for sale.

As for Park Nova, there are a total of 54 units with 38 units already sold, leaving just 16 units available for sale at the moment.

Since 3 Orchard by the Park has two more blocks than Park Nova, it comes at no surprise that it stands on a bigger plot of land (62,179 sq ft) than Park Nova’s 46,085 sq ft. This also balances out the density level i.e. number of households per square foot.

Both developments have a variety of unit configurations to choose from. All units in both projects also enjoy the convenience of having private lifts.

As for separate dry and wet kitchens, these are available for all unit types in 3 Orchard by the Park except their 2-bedders. However, this feature is only available for the 4-bedders and penthouses in Park Nova.

All 3 Orchard by the Park units also come with household shelters, but this is not available for Park Nova units. However, this is well compensated with the presence of a powder room for all units in Park Nova except for their 2-bedders.

With 66.23% of 3 Orchard by the Park’s units already sold out, and Park Nova at 70.37%, here’s a breakdown of the buyer profile of both developments. You will notice that Park Nova’s buyers are mostly foreigners.

Comparing two typical 4-bedroom units

3 Orchard by the Park

For 3 Orchard by the Park, we’re looking at a 2,831-sq-ft 4-bedder, which is slightly smaller than Park Nova’s 4-bedder (see below). Although a bit smaller in dimension, 3 Orchard by the Park’s 4-bedder is a duplex unit whereas Park Nova’s 4-bedder comes in single-storey only.

This unit can be found on the first building of the development (Water tower).

Stack 1 faces the Orchard shopping belt where you can have a good view of its malls, medical centres and hotels.

3 Orchard by the Park’s 4-bedders don’t come with balconies. If having a balcony is important to you, you can consider Park Nova’s 4-bedder units where you’ll not only have a big balcony but also bigger dry and wet kitchens.

Park Nova

For Park Nova, we’re looking at a 2,906-sq-ft 4-bedder. This can be found in Stack 1. This 4-bedder takes on a dumbbell layout where there are bedrooms on both ends of the unit.

From the above floor plan, you will notice that there are two balconies – one facing North and another facing East. The north view faces the high-rises of Balmoral whereas the east view faces the famed Orchard Road shopping belt.

One of the major plusses of this 4-bedder unit is its huge balcony that can easily fit a secondary living room, dining room or even a private jacuzzi.

Prices

The table below gives a helpful snapshot of the kind of prices you can expect from both projects. As you will notice, both developments cost a pretty penny not only in the purchase but also the maintenance. They are built for those in high society.

Below are some historical transactions of both projects to give you an idea of how much others are paying for their units.

3 Orchard by the Park

Park Nova

We only have past rental contracts for 3 Orchard by the Park and here they are:

Facilities

Befitting their luxury tag, both developments come with high-end facilities including concierge service. At Park Nova, this means anything from booking private rides for you to making reservations at Michelin-starred restaurants. Park Nova has the added bonus of a Sky Terrace.

3 Orchard by the Park’s library terrace combines relaxation with personal growth, which is a reflection of Antonio Citterio’s approach to elegance and style.

Lifestyle Appliances/Fittings

The Developers

3 Orchard by the Park

3 Orchard by the Park is a development by YTL Corporation Berhad. Incorporated in 1955, YTL Corporation is a conglomerate with a diversifed portfolio of businesses spanning utilities, construction and cement, telecommunications and transport infrastructure, as well as real estate and luxury hospitality.

Serving 12 million customers across Asia, Australia and Europe, it has been listed on the Bursa Malaysia since 1985. With a combined market capitalisation of about US$6.5 billion, it is one of the largest diversifed groups listed on the Bursa Malaysia, and is the first non-Japanese Asian company to be listed on the Tokyo Stock Exchange.

YTL Land & Development Berhad (YTL Land) undertakes YTL Corporation’s residential property development activities. Having won multiple regional and international awards including the FIABCI Prix d’Excellence Award, YTL Land has an excellent track record of building high quality houses, condominiums and mixed-used properties with attractive and innovative designs.

As a leader in sustainability practices, the company incorporates green designs into the engineering and architecture of their developments, promotes environmental renewal, and cultivates sustainable ideas and habits within their communities.

In the premium lifestyle arena, YTL Corporation owns the luxurious Starhill Gallery in Kuala Lumpur, housing 70 of the world’s best luxury brands in its 7-storey retail mall and the highly-acclaimed Eastern & Oriental Express train, which runs from Singapore up through the length of Peninsular Malaysia to southern Thailand and Bangkok.

Park Nova

Park Nova is a development by Shun Tak Holdings Limited, a leading Hong Kong-listed conglomerate and a key player in the Macau market with diversified businesses spanning transportation, property, hospitality and investments.

With over 60 years of real estate experience, the Group is renowned for its relentless quest for excellence as well as its success in developing holistic multi-functional communities. Over recent years, it has dynamically expanded into top-tier cities across Mainland China with several iconic developments in the pipeline where each has its distinctive positioning.

Shun Tak Holdings has partnered three masterminds – PLP Architecture, ICN Design International and Brewin Design Office – to create an iconic residence in nature. And each of them has earned its fame in the industry.

PLP Architecture is the world-renowned studio of architects, designers and researchers. ICN Design is an award-winning design practice in landscape architecture, master-planning and urbanism. Brewin Design Office is a leading design studio specialising in interior architecture and design.

Moving on, Shun Tak Holdings will continue to dedicate its integrated capabilities in property development, services and hospitality to build dream homes for you and your loved ones.

In this article, we’ve compared two new launch condos in the Orchard/Tanglin area. If you want to know more, schedule a visit with us or book a free consultation with our trusted and renowned representatives.

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