Haus on Handy @Dhoby Ghaut – The center of convenience

Haus on Handy @Dhoby Ghaut is expected to launch in mid-2019. In this review, I will show you some facts and analysis. Please follow Quick Links or feel free to contact us for latest movement or register your interest.

Haus on Handy @Dhoby Ghaut Overview

Fresh from the launch of ultra luxury Boulevard 88, CDL is back in the second-half of 2019 with another new condo launch in the world famous Orchard shopping belt in Singapore; this time a more competitive-priced Haus on Handy at Dhoby Ghaut/Mount Sophia.

For up-to-date information such as price and floor plan, please visit & bookmark the designated website @Haus on Handy.

Reasons why you should consider Haus on Handy

1. The world famous Orchard shopping belt just outside your door

2. Dhoby Ghaut is a 3-line MRT Interchange. (NE/NS/CC)

3. Truly a center of convenience with Parks, Institutions, Medical Centres, Museums, Nightlife, all within easy reach

4. CDL is an established and award-winning homegrown international developer with over 50 years of expertise.

5. Rare 127 years of Heritage Bungalow as the Club house with full-fledged concierge services.

Location

A location all too familiar with many, Dhoby Ghaut has a history dating back as far as 1827 when Indian washermen began laundering clothes in the stream within the vicinity. This was how Dhoby Ghaut got its Hindi name which meant “washerman” and “area along riverbanks for washing” respectively. Today, Dhoby Ghaut forms part of the international renowned Orchard Road shopping belt alongside three other sub-precincts, Tanglin, Orchard and Somerset.

The earliest known history of Mount Sophia dates back to 1822 when it was reflected as Bukit Selegie. Actual documentation of its current name came only in 1823 when it was renamed Mount Sophia by Singapore’s first master attendant, Captain William Flint, in honour of Sir Stamford Raffles’ second wife, Sophia Hull, and Flint’s daughter, Mary Sophia Anna.

Mount Sophia was later sold to Charles Robert Prinsep and the hill grew from a nutmeg and coffee orchard to a wealthy residential enclave with many villas overlooking the lower grounds and the Singapore River. Besides grand villas of the bygone era, Mount Sophia is also home to girls’ schools Methodist Girls’ School, Nan Hwa Girls’ School and the only school that has not left the hill, St Margaret’s Primary School. Thankfully, URA has gazetted Mount Sophia on 1 December 2013 for conservation.

Haus on Handy is a brand new condo development that sits on a 51,625.87 sq ft slope of Mount Sophia, between Suites at Orchard and Nomu in Dhoby Ghaut. It is also the final residential project in the vicinity, after URA released this land parcel under the Government Land Sales (GLS) Programme in 2017. More details will be discussed in Site Plan.

Site Plan

Haus on Handy is a very unique condo development. This 51,625.87 sq ft is actually sitting on the slopes of Mount Sophia, from Handy Road at the ground and upwards to Mount Sophia hilltop. Apart from the other neighbouring condos, it is highly unlikely that there are other condo developments situated on similar terrains as Mount Sophia.

Looking at the map, there is a jutted out area at the brow of Mount Sophia. That building that protrudes out the otherwise geometrically-shaped land is 12 Mount Sophia. Built in 1892 for the Singapore Land Company, this two-storey house, known as “Tower House”, features ample openings and spacious verandahs to allow maximum light and ventilation. Its wood and wrought iron fittings are also a befitting style of its colonial past.

From its colonial days overlooking the Singapore city and harbour from Mount Sophia to being part of Methodist Girls’ School premises, “Tower House” became a conserved building in 1998 and will now form part of this condo project as its clubhouse.

Careful consideration is also in place to ensure privacy between blocks due to its close distance. Block 28 will have a near north-south facing orientation with one half of its units facing Dhoby Ghaut while Block 30 is skewed towards northeast-southwest facing with one-half facing Orchard and the other towards Bras Basah.

To celebrate Orchard’s heritage as a plantation area, specially curated plants that used to be cash crops of Orchard will be featured in the botanical landscaping of this project. Starting with the gambier lawn outside the amphitheatre, residents will be treated to a timeline of plants grown from Nutmeg Terrace to Areca Aclove, the garden terrace connecting the Club Haus to pool deck.

The Club Haus is split into two distinct levels of amenities – the gym and workout studios at level 1 and the function room on level 2 for dining and non-dining gatherings. At its main entrance is also the Premier Residential Services, an in-house concierge providing service requests for residents including hotel reservations, courier, housekeeping, pet care and catering services.

There will be a sky garden located at the rooftop of Block 28. Continuing the theme of showcasing heritage plants that grew in Orchard, Clove Deck and Nutmeg Garden surrounding the lounge and seats overlooking the skyscrapers of Downtown Core and Marina Bay Sands. A yoga lawn and fitness corner are also available as an alternative to the indoor gym.

Project Details

Project Details	Haus on Handy
Location	28 & 30 Handy Road (Residential) 18 Mount Sophia (Club Haus)
District	D9 Orchard / River Valley
Developer	CDL Regulus Pte Ltd
Site Area	51,626 sq ft / 4,796 sqm
Architect	Architects61 Pte Ltd
No. of Blocks/Storeys	2 blocks of 9 and 12 storey condominium development
Payment Scheme	Normal Progressive
Site Use	Residential Flat Developement
Tenure	99 years leasehold
Total No. of Units	188 Units
No. of Car Park Lots	Est. 113
Expected Date of TOP	Est. July 2023
Expected Date of Legal Completion	Est. July 2026
Security	24 Hours Security Guard

Haus on Handy Price, Unit Types, Sizes

Bedroom Type	No of Units	Size	Price
1 Bedroom	36	420 - 570 sqft / 39 - 53 sqm	$1.188M
1 Bedroom + Study	36	517 - 624 sqft / 48 - 58 sqm	$1.468M
2 Bedroom	58	592 - 764 sqft / 55 - 71 sqm	$1.668M
2 Bedroom + Study	32	678 - 926 sqft / 63 - 86 sqm	$1.928M
3 Bedroom	20	947 - 1141 sqft / 88 - 106 sqm	$2.708M
3 Bedroom Dual Key	6	980 sqft / 91 sqm
Total	188

*Estimated. Subject to change.

Haus on Handy Floor Plan

Looking at 1-bedder, buyers/investors can choose between equal units of 1-bedroom or 1+study. A major advantage these units have over all other units is customisation. Kitchen, living and dining can either have marble flooring or, to blend throughout with the bedroom (and study), engineered wood flooring.

Exclusive to 1-bedroom and 1+study only (except stack 14), the partition wall between living and master bedroom is a special designer display with TV wall for a 49” TV. Should homeowners prefer bigger clothing space, the other exclusive is a wall-to-wall wardrobe without accessory cabinet option, but the designer display will be replaced by standard partition wall with sliding door.

There are also six 3-bedroom dual-key units, a rarity in today’s market. At 980 sq ft, its foyer leading to studio and main sections have enough privacy as the main entrance is not directly overlooking the two doors within.

Fittings and furnishings for all units are from premium branded labels. Kitchen appliances are from established European brands Bosch and V-ZUG while bathrooms come pre-fitted with brands Hansgrohe, Axor and V&B ceramic sanitary wares. V-ZUG is a high-end kitchen and laundry appliance brand from Switzerland with over a century of history while V&B has almost 300 years of experience in making ceramic products from tablewares to sanitary wares.

Haus on Handy Price Comparison

CDL won the bid for this land parcel at $212.2m, translating to $1,722 psf ppr. While the breakeven price is at $2,300 psf, the estimated launch price could be around $2,650 psf. *Updated on 29 Jun 2019 - the launch price is confirmed to be around $2,800 psf.

Comparing with other District 9 New Launch projects, Haus on handy could probably be the most affordably priced condo in 2019.

Looking at the nearby resale options, the average transacted has already hit close to $2500psf. Factoring in Brand new premium, I will consider $2600-2700psf is a reasonable range to consider investing into Haus on Handy.

Rental could potentially be around 2.5% which may not seem very attractive, however, it's widely acceptable that central location rental yield tends to be lower than other areas. People who are buying here is mainly for the prestigious address and capital appreciation in the years to come.

Some thoughts on Haus on Handy

1. For buyers/investors looking for both privacy and intimacy, Haus on Handy is an ideal choice since there are no more than 200 units, making the overall development similar to a small community.

2. A drawback for its units is the small bedroom size Haus on Handy offers, only the master bedroom can fit queen size bed.

3. Dual-key units are generally rare in the property market, more so for prime districts. The 3-bedroom dual-key units will appeal to investors looking to rent out individual unit to two separate tenants.

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