ION Orchard and the Orchard Residences
ION Orchard brings fashion, art, dining and living together in a contemporary mixed use and retail development located in Singapore’s prime shopping location.
Operating on a standard 99 year leasehold, the ION Orchard Residences have proved popular amongst buyers from around the world who are keen to invest in collector’s properties; high end, luxury residences that have appeal as both a base in Asia and which have excellent resale potential.
Combined with the residential aspect, the retail use of this property is essential to its success and it has matched economic trends for high end luxury developments by operating at around 90% capacity with 60% of the 125,000m² of floor space dedicated to flagship, concept and new to market stores such as Giorgio Armani, Prada, Louis Vuitton, Dior, Dolce & Gabbana, and Cartier.
Starting at approximately S$3,213 per sq ft (845,000 Baht/m²) ION Orchard comprises of 175 residential units and 335 food and retail outlets. It has won two EG Retail and Future Project awards and also the award for Best Retail Development over 20,000m² MAPIC Real Estate tradeshow in Cannes 2006.
As an established property in the luxury mixed use and retail market ION Orchard shows how successful mixed-use ventures like this can be. Demand for high end residences is high amongst buyers looking to secure their cash in a sound collectable investment and the proliferation of luxury brands establishing flagship ventures in the development’s retail space indicate huge confidence in such a project.
Vital Statistics
Name: ION Orchard and ION Orchard Residences
Size: 125,000m²
Developer: Orchard Turn Development
Completion: July 2009 (Residences 2010)
https://www.ionorchard.com