District 09
Orchard Road
Asia's most prestigious retail and residential address
Overview
Precinct overview
Orchard Road remains the benchmark luxury address in Singapore. The URA's Orchard Road rejuvenation strategy is reintroducing green corridors, lifestyle destinations and residential density to a 2.2-kilometre boulevard where freehold land almost never trades.
Investment advantages
- Scarce freehold land in the Core Central Region
- Deepest luxury tenant pool in Singapore
- Prestige addressing that supports resale premiums
- Direct North-South, Thomson-East Coast and Downtown Line access
Market performance
Current indicators
- Residential median
- S$3,420 psf
- Prime retail rent
- S$38.50 psf/mo
- Occupancy
- 97.1%
- Gross rental yield
- 3.0 – 3.4%
Residential median: +4.2% year-on-year
Prime retail rent: +3.4% year-on-year
Occupancy: Prime retail
Gross rental yield: Residential
Rental demand
Senior expatriate management and high-net-worth tenants sustain leases of S$14,000–S$32,000 per month for larger formats.
Office demand
Boutique office and family office suites along Orchard and Scotts Road trade at a premium to the CBD average.
Residential demand
Freehold luxury units in District 09 have recorded the lowest resale price volatility of any Singapore submarket over fifteen years.
Connectivity
Infrastructure & transportation
Infrastructure
- Orchard Road rejuvenation master plan
- Thomson-East Coast Line Orchard interchange
- Underground retail links across Orchard, Somerset and Dhoby Ghaut
- Central Expressway access
MRT connections
- Orchard (NS/TE)
- Somerset (NS)
- Newton (NS/DT)
Business districts
- Orchard Boulevard
- Scotts Road
- Tanglin
Current developments
- Elevate Orchard Mansions
Featured projects
