Haus on Handy is a 99-year leasehold condominium along Handy Road, flanked by Plaza Singapura and The Cathay. It is across the road from Dhoby Ghaut MRT interchange which has the North-East, North-South and Downtown Lines. This means from Haus on Handy, one gets very easy access across pretty much all parts of Singapore. And if residents do not want to venture too far, there is a wide choice of F&B and entertainment options within walking distance.
The 188-unit project consists of 1-bedroom up to 3 bedroom dual-key apartments and is clearly aimed squarely at the rental market. With UBS APAC headquarter a 5 minute stroll away and several tertiary educational institutions nearby and CBD offices just 2-3 MRT stops away, this condominium has tremendous rentability. Rental yield is approximately 3% with a strong potential for capital gain as there are very few condominiums this side of Mount Sophia. And with the ever reliable CDL as the developer, we are quite confident the quality will be perfectly fine.
At the time of launch, Haus received lukewarm response from the market, also partly because the launch price was high. However, midway through its construction, and under pressure from surrounding new launches, prices have been adjusted to a more realistic, and dare we say, profitable one for buyers. This is a condominium with character, has a beautiful conserved building for a club house and is located right in the heart of Orchard Road’s greening plan. It’s definitely a winner for investors.
As part of the Urban Redevelopment Authority’s master plan, Orchard Road will undergo transformation to put more flowers and trees along the stretch from Tanglin all the way to Dhoby Ghaut. Dhoby Ghaut Green would be the apex of this transformation as it will be transformed into a park with new water-play features, playground and sheltered event spaces for music festivals, fashion shows and F&B events. Haus On Handy is strategically located right in the heart of this district and will certainly attract many prospective tenants.