Location: Arnasalam Chetty Road
Tenure: Freehold
Completion: 2009
Developer: Meadows Bright Development
District: 9
Total units: 120 units, 4 of which are penthouses
No. of floors: 14
Occupying a total space of 2142 sqft over 2 levels, this penthouse unit comes with 3 bedrooms and 3 bathrooms. Its asking price is $1500psf (or $3.22m) and the unit is currently rented at $9000 per month.
1st level
Entertain your guests in a bright and spacious living and dining room that stretches out into a good sized balcony with fantastic views of the Robertson area.
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The living area leads into 2 bedrooms on the lower penthouse level, both bright and well-lit with built in wardrobes and both rooms sharing a modern design common bathroom.
Head upstairs to your own private enclave, a chic urban style master bedroom with built in wardrobes cleverly designed to lead you directly to your luxury bathroom.
Step out onto your private roof terrace and be overwhelmed by the outdoor terrace space which beckons.
A sizeable entertainment space for BBQ parties or your private moments where you lounge in your own outdoor open air Jacuzzi, the outdoor terrace space can be transformed to fit your every need.
• A boutique development with vivid design elements. Its single slab 3-winged architecture reflects style and a visually arresting urban form.
• Tall magnificent columns supporting the structure demand a commanding presence.
• Facilities are built on the 3rd level, away from the parking level and thus creating a peaceful and serene environment.
• With a large space between the 1st and 3rd level and another high void between the 3rd and 4th level, this effectively means your 13th storey penthouse is as good as a 16th storey penthouse.
• Great location: 5 minutes to the CBD area and also 5 minutes to Orchard Road. The development is also easily accessible to expressways and major roads and public transportation where bus stops with direct buses into the CBD are within walking distance.
• Walking distance to grocery stores and Clarke quay where there is a vibrant range of fine dining restaurants or pubs etc to suite your palate.
Owning a home in the Robertson quay area is suitable for those who want to be at the centre of a trendy area that buzzes with lifestyle, snazzy restaurants and high end clubs, but still with the convenience of everyday necessities such as banks and groceries nearby. You are situated near the main shopping district, but not in the shopping district, so overall the feel of the area is more relaxed.
Our picks on comparable developments:
• Watermark: Directly opposite The Inspira, units at Watermark are already transacted above $1650psf.
• The Wharf: Still under construction, units there have already transacted above $1500psf.
• The Pier: Units are already transacted above $1800psf
• Rivergate: Units are transacted above $2150psf
• Martin 38: Units are transacted above $2300psf.
The aforesaid developments are all just a few minutes’ walk from The Inspira and are already commanding high prices. When compared to Martin 38, also a boutique condominium and sitting literally next to The Inspira, this penthouse unit certainly seems like a plausible option. Launch prices are above $2000psf for Martin 38 which is still under construction. Upon completion, we can anticipate that prices will climb higher and this (upward price trend). The rental yield for The Inspira is already above 3.3%, which is very reasonable by Singapore standards for a penthouse unit.
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