1 Draycott Park, Singapore
Freehold | 2 bedrooms | fm $2.35mil
one draycott Project brief
|PROJECT :||One Draycott|
|ADDRESS :||1 Draycott Park, Singapore|
|TYPE :||Highrise Condominium|
|# OF UNITS :||64 Units|
|ELIGIBILITY :||All Nationalities|
|T.O.P DATE :||6 Sept 2022|
|LAND SIZE :||approx 17,442 sq ft|
|DEVELOPER :||Champsworth Development (SDB)|
|ARCHITECT :||JGP Architect / CarverHaggard Ltd|
|UNIT MIX :||2br – 732sf & 797sf|
2br Penthouses – 1,238sf & 1,345sf
More about one draycott
Designed, developed and curated by Selangor Dredging Berhad (SDB), One Draycott offers bespoke living in the upscale Ardmore Draycott residential enclave.
Envisioned to be a style icon in luxury residences, One Draycott features 64 units of two-bedroom apartments that range from 732 sq ft to 1,345 sq ft and brought to life by CarverHaggard of London – award-winning architects who share the developer’s unique perspective.
This freehold property is within a short stroll from one of the world’s most popular shopping and entertainment belts – Orchard Road and Scotts Road, with retail centres such as Takashimaya, ION Orchard, Tangs Plaza and Paragon. For those in search of social pursuits, the Tanglin Club, American Club, Japanese Club and Raffles Town Club are just a stone‘s throw away.
One Draycott is a masterpiece of style with an exterior façade that is graced by muted gold and champagne trimmings alongside black horizontal bands. The contemporary curtain walls create a clean silhouette while expansive windows and glass balustrades create an ambience of open space while giving a distinctive look to this development. Exclusivity is central to One Draycott, with all apartments boasting their own private lift lobbies.
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one draycott in the NEWS
SINGAPORE – A subsidiary of Malaysian property developer Selangor Dredging has purchased a parcel of prime freehold land in the Orchard area.
Champsworth Development, which is 50 per cent owned by Selangor Dredging, paid S$72 million for 1 Draycott Park. This translates to a price of approximately S$1,787 per sq ft per plot ratio, inclusive of development charges for the 17,442 sq ft site. In a filing with Bursa Malaysia, the developer said it was considering the potential to build exclusive mid-rise apartments.
There is currently a seven-storey block on the site, which was built in the 1990s. It comprises eight apartments ranging between 860 sq ft and 6,200 sq ft. The site is zoned for residential use with a plot ratio of 2.8, which means that it can be re-developed to a height limit of 36 storeys.
The site is in the residential enclave of Claymore Hill and Ardmore Ark, and is near the Tanglin Club, American Club and Goodwood Park Hotel. It also within walking distance to Orchard Road.
The developer said the acquisition will be funded by a combination of internal funds and bank borrowings.
Ms Suzie Mok, senior director of investment sales at Savills Singapore, who brokered the deal, said: “This transaction signals to the market that the high-end non-landed residential segment has moved on to the next phase of price recovery.”
The break-even price for the new development is expected to range between S$2,700 and S$2,800 psf, said Savills in a press release on Thursday (June 8).