Irwell Hill Residences Review
Irwell Hill Residences
Edge of D9. Irwell Bank Road. Next to Great World City. River Valley. Developer: CDL.
Today we present to you Irwell Hill Residences. This project is developed by City Developments Limited(CDL).
It is in District 9, one of the most high-end districts in Singapore, off Irwell Bank Road, which lies on the fringe of the Orchard Road shopping belt.
Irwell Hill Residences is only a short 5 mins walk to the Great World City mall. It will be a great convenience to the residents, providing shops, supermarket, F&B outlets, lifestyle services and many more.
Great World City mall will also be the spot for the future Great World MRT station on the Thomson- East Coast Line soon. It will be staged to open in 2021, before the completion of Irwell Hill Residences. This will provide accessibility and convenience for residents.
There are many popular primary schools around the area such as River Valley Primary School, Angolo- Chinese (Junior), St Margaret’s Primary School, and Alexandra Primary School. A short 5 mins drive will bring you to places like the CBD Marina Area, Orchard Road, Botanic Gardens, Tiong Bahru, Dempsey and many more.
Facts and Figures
There are a total of 540 residential units , 99 years leasehold title, estimated to TOP ready in Year 2026. The site area is 137,634 square feet.
Irwell Hill Residences have a total of 2 36 story towers that do not obstruct each other, giving all units a view. It has a wide range of unit mix from studio apartments to 4 bedroom premium units and 3 exclusive Sky Penthouses. It comes with luxurious fittings and branded equipment. The units come with Smart Home Features with aircon controls, sensor lights control at the foyer, gateway with camera. On top of that, CDL also provides premier residential services.
With the 3 awards winning architects, MVRDV, ADDP, ECOPLAN coming together to design Irwell Hill Residences. I am sure it is going to be amazing!
Presented above is the unit mix and the size range. Maintenance fees for the studio and 1 bedroom will be estimated around $325 per month, 2 Bedrooms around $390, 3 Bedrooms around $390 to $455.
Back in January 2020, there were 7 bidders for this plot of land and CDL managed to buy the land at $1515 psf ppr. Based on the calculation, the estimated breakeven price will be $2,243 psf.
Guess what! we have received the latest news that the preview launch indicative price will be ranged from below :
Studio (398sf) from $998k , fr $25xxpsf
1br+S (452 – 506sf) from $1.1x mil ,fr $26xxpsf
2br Classic (603-624sf) from $1.4x mil , fr $24xxpsf
2br Premium (657-678sf) from $1.6x mil, fr $25xxpsf
3br Classic (861sf) from $2.1x mil, fr $25xxpsf
3br Premium (1270sf) from $3.1x mil, fr $25xxpsf
4br Premium (1539-1582sf) from $4.0x mil, fr $26xxpsf
The profit margin based on psf is between 8% to 15% this is considered low for a brand new district 9 orchard property, be it buying for own stay or investment.
Here’s a comparison with the condo surrounding Irwell Hill Residences
With all the given data, this project has a relatively low entry quantum price if you are planning to buy for investment.