SINGAPORE (EDGEPROP) – Haus on Handy is a brand new property launch that is coming up at Handy Road, off Orchard Road in the highly sought-after District 9. Part of the land, as purchased by developer CDL Development under its subsidiary CDL Regulus, houses a conservation building, which will be converted into a clubhouse. Haus on Handy will comprise 3 towers of 8 to 10 storeys high that will yield a total of about 200 apartment units.
The development is expected to come with full condo facilities such as gymnasium, clubhouse (from the current conservation building), swimming pool, function room, BBQ pit area, tennis court, 24/7 advanced security system etc. The conservation building, in particular, will be charming, once refurbished, with a unique vibe of the old and the new.
Haus on Handy Location Details & Features
Haus on Handy sits in the Orchard Road precinct; one of Singapore’s busiest shopping belts and a centre with the priciest and most upscale real estate developments. While homes at the Tanglin and Nassim Road on the far end of Orchard are quite expensive, the ones on Mouth Sophia (where Haus on Handy sits) are a bit more affordable because they rest on top of the hill.
Haus on Handy, being strategically located, is accessible from Handy Road. This offers future residents greater convenience and closer proximity to various amenities. Hence it is a development that can fetch better value for both home seekers and investors.
Malls, Supermarkets, Dining Outlets and Banks
Orchard Road is one of the most famous shopping streets in Singapore, consisting of shops, several upscale hotels, supermarkets and more. Some of the famous shopping centres located along Orchard Road and the immediate vicinity include Ngee Ann City, Takashimaya Shopping Center, Atrium @ Orchard and Plaza Singapura.
There are also upmarket hotels like Marriott Hotel and Grand Park Hotel located along Orchard Road and just a short drive away from Haus of Handy. A number of supermarkets, malls, banks and F&B outlets exist along the entire length of Orchard Road too. Going towards Bras Basah and Selegie, in the other direction, there’s a wealth of cafes, fast food joints, food haunts & outlets as well as fine dining spots.
Closest MRT Stations
Haus on Handy condo development lies directly opposite the Dolby Ghaut MRT Station, which serves as an interchange for the North-East, North-South and the Circle Lines. With the Bencoolen Downtown Line train station also located just 400 meters away, commuting in the area is made easier and more convenient.
Roads and Expressways
Access to and from Haus on Handy is via Handy Road, which lies just off Orchard Road. The road swiftly connects to the Central Expressway (CTE) by looping around Penang Road. One can also drive down the Bras Basah Road and connect to the Nicoll Highway, the East Coast Parkway (ECP) or the Ayer-Rajah Expressway (AYE). That also makes driving to and from the city a quick and seamless affair.
Schools and Other Educational Institutions
Many schools and educational institutions abound within the Haus on Handy immediate vicinity. St. Margaret’s Primary is found within a distance of 1 km from residential development. And within a radius of 2 km, there are schools like St. Josephs Institution Junior, Anglo-Chinese Junior School, Stamford Primary and the River Valley Primary.
Other educational institutions found nearby include the Singapore Management University, LASALLE College of Arts, ISS International School and the School of The Arts (SOTA). So residents have plenty of options lying close by when they want to enrol themselves or their children for educational or training programs.
Condo Selling Price
CDL Regulus Ltd bought the site where Haus on Handy sits at a cost of S$212.2 million, which translates to about S$1, 722 per square foot per plot ratio ( psf ppr). The break-even price, according to real estate analysts is likely to be between S$2, 340 and S$2,400 psf. Considering the construction cost, profit margin plus other expenses, the estimated launch price should be around S$2,697 psf or so.
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