Sunday, October 25, 2009

Domain 21

Location: 21 Delta Road
Tenure: 99-year leasehold
Completion: 2007
Developer: Kheng Leong
District: 3
Total units: 141 units, 4 of which are penthouses
No. of floors: 22




Occupying a total space of 2960 sqft over 2 levels, this penthouse unit comes with 4 bedrooms and 4 bathrooms. Its asking price is $1182psf (or $3.5m).



1st level
Enter into a double volume living area with a large balcony that offers panoramic greenery views. 

Living Room

Luxurious Double Volume Ceiling


Dining area is equipped with a bar top counter at the dry kitchen and a spacious wet kitchen allows for generous storage space. 


Dry Kitchen

Dry Kitchen, Staircase

Kitchen

Kitchen

View from Balcony



A single loading apartment allowing through wind, this penthouse definitely provides good ventilation. The second bedroom and common bathroom is also housed on the 1st level.

Corridor

Room
Room


Common Bathroom




2nd level 
The master bedroom occupies the 2nd level and comes with a luxurious ensuite bath that leads to an outdoor shower on an open roof terrace.


Room

Master Bedroom
Master Bedroom
Master Bedroom - Wardrobe


Master Bathroom - Bathtub
Master  Bathroom











Also featuring a Jacuzzi, the roof terrace has enough space to create a comfortable seating area. The 2nd level also houses another bedroom with a common bathroom.








• Development comprises 2 sleek modern looking buildings on a large parcel of land. It also comes with complete facilities (except tennis courts).
• Spacious main entrance with a large pool. The common grounds have many pockets of open spaces and landscaped gardens.
• Full length glass windows that allow for maximum views, even the kitchen has full length glass sliding doors.
• Excellent location: Located just outside District 10 (and next to the Good Class Bungalow area), it is the closest to the prime district you can get, without having to pay an exorbitant price on the apartment.
• Convenient: 5 minutes to Tiong Bahru MRT station and Tiong Bahru complex/Great world city/Valley point where there are plenty of amenities. Also only a 5 minute drive to Orchard Road/ Botanical gardens/Tiong Bahru Park.


Pricing - Only $1182psf, mid floor units are already transacted at above $1300psf
At only $1182psf for a sizable 3000 sq ft (almost), this penthouse unit is extremely attractive in terms of pricing. Situated just outside the prime district, you will not be able to find a penthouse in this area of a similar modern style and size, and most importantly, at this price.


Our picks on comparable developments:
• District 10:
- One Jervois: The only other modern style development that is just a 2 minute walk away from Domain 21. Average transacted prices are already around $1500psf.
- Latitude: Averaging at $2000psf, this development is closer to river valley, is brand new and still under construction.
- The Cosmopolitan: High floor units have prices that are averaging at around $1900psf
• District 3
- The Metropolitan: Located near Redhill MRT, high floor units are transacted above $1200psf.
- Meraprime: Located near Tiong Bahru MRT, high floor units are transacted above $1200psf.
- Twin regency: Located near Tiong Bahru MRT, high floor units are transacted above $1300psf.


As projects in District 3 are normally marketed as mass market projects, there is a noticeable price difference between developments in the nearby District 10 when compared to those in District 3. In spite of this, in effect, the distance and difference between the two districts is only a few minutes’ drive apart.


At the periphery of District 10, Domain 21 is the only modern and high-end condominium that sits much closer to the prime district and is perceived as a high-end development. Priced at less than $1200psf, this penthouse unit is a steal!



For those of you deliberating between a 3 bedroom apartment in District 9 or 10 versus a penthouse in District 3, consider this. While effectively, they may be about the same price, penthouses are a rare commodity and accounts for less than 1% of the total private apartments in the market. When purchasing a penthouse, you are ultimately buying into a luxury living concept.

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