Irwell Hill Residences

It’s safe to say, whenever City Development (CDL) releases a project, people will sit up to take notice.

From the mass market to the high-end, CDL covers almost every residential market segment in Singapore.

Irwell Hill Residences is a new launch development that ideally located at Irwell Bank Road, District 9, Singapore.

Irwell Hill Residences sits on a regular-shaped land size of 137,634 square feet.

It is a nice-sized plot in District 9, not too big, neither is it too small.

The project comprises 2 Towers of 36-Storey luxury private residential with 540 units.

Irwell Hill Residences offers wide unit choices spanning from studio to 4-bedroom and penthouse.

Within a sought-after private residential enclave surrounded by popular developments such as OUE Twin Peaks and New Futura.

Irwell Hill Condo Location

Located a 2 min walk away from the exit point of the upcoming Great World MRT station, Irwell Hill Residences is a luxury pure residential high rise development at the junction between Irwell Bank Road and River Valley Road.

With the close distance to Ion Orchard (12 min walk), this is a wonderful location with plenty of dining and shopping options.

The entrance to Irwell Hill Residences is along Irwell Bank Road. Coming in from Grange Road and going out to River Valley Road.

Accessibility

Great World MRT station is situated on the Thomson-East Coast Line.  Since 2020, it will commence operation phase by phase and full completion by 2024.

Great World MRT is just 1 stop to Orchard, 2 stops to Outram Park, 5 stops to Marina Bay, and 7 stops to the East Coast region.

The upcoming Great World MRT station is just a 2-3 minutes walk away from Irwell Hill Residences, and is going to commence operation in 2022.

While Irwell Hill Residences is expected to be ready in 2024.

That said, residents will enjoy the convenience upon the TOP.  Whereas investors, it increases your property value and may take profit immediately after TOP or renting out at a higher rate.

The nearest MRT station

• Great World (2-3 min walk)

Shopping nearby

• Great World City (4 min walk)
• Valley Point Shopping Centre (9 min walk)
• Ion Orchard (12 min walk / 5 min drive)

Primary Schools nearby

• River Valley Primary School -> within 1 km
• Anglo-Chinese School (junior) -> between 1-2 km
• Zhang De Primary School -> between 1-2 km
• Alexandra Primary School -> between 1-2 km
• St. Margaret Primary School -> between 1-2 km

Irwell Hill Condo Developer

As far as luxury development goes, you usually won’t go wrong with a City Development project.

They have locked in all the key ingredients of what would appeal to high-end buyers.  The location, layout, and facilities are mostly top-notch.

Here are the prime examples of that:

• New Futura (2017)
• South Beach Residences (2016)
• Gramercy Park (2015)
• UP@Robertson Quay (2015)
• Nouvel 18 (2014)
• and many more…

Irwell Hill Condo Floor Plan

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Irwell Hill Condo Pricing & Analysis

TBA

At the moment, we don’t have the official price list yet.

So, what we can do now is to guestimate the selling price based on the developer’s breakeven cost.

This is to avoid buying into a project whereby the developer marks up the price way higher with a buffer to discount later on.

According to EdgeProp, the breakeven is $2,243 psf.  So after factoring in a 20% profit margin, the average selling price is estimated to be around $2,692 psf.

Price Comparison Analysis near Irwell Hill Residences

Source: EdgeProp as on 25 Feb 2021.

Ok, let’s compare apple to apple. Irwell Hill Residences and the projects nearby.

I analyze the various price points based on the factors involved.

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