Published October 30, 2010
New condo at Copthorne Orchid Hotel site
By KALPANA RASHIWALA
THE Copthorne Orchid Hotel Singapore along Dunearn Road will close at the end of March 2011 for redevelopment of the site into a 150-unit freehold condo, which was previewed yesterday.
In absolute terms, prices range from $1.59 million for a 689 square foot one-bedroom unit with study to $7.15 million for a five-bedroom penthouse of 3,563 sq ft, said City Developments Ltd (CDL). The site is owned by its London-listed unit, Millennium & Copthorne Hotels.
The condo, named Glyndebourne, comprises eight blocks of five-storey apartments with a basement car park. It is a stone's throw away from the Singapore Chinese Girls' School.
Sales began yesterday morning for CDL staff, directors and invitees. In the afternoon, the preview was opened to clients of the two appointed marketing agents, DTZ and Huttons.
CDL declined to provide a sales update yesterday, saying that it was just the first day of sales.
Instead, in its release yesterday, it took pains to explain how the project's name, Glyndebourne, is to be read - Gline-born. It also elaborated on the name's origin - the famous historical Glyndebourne opera theatre in East Sussex, England.
The development will have five one-bedroom-with-study units, 32 two bedders, 54 three bedders, four apartments that comprise three bedrooms and a study, and 32 four-bedders. There are 23 penthouses, which will offer either four bedrooms and a study, or five bedrooms.
Source: http://www.businesstimes.com.sg
