Champions Way Residences is a stunning new development that boasts 7 residential blocks, each with 12 storeys, and a total of 516 units. These units come in a variety of sizes, accommodating families and singles alike with options ranging from two bedrooms to five bedrooms. Not only does Champions Way Residences offer modern and stylish living spaces, but it also features a commercial component, complete with a supermarket, childcare centre, and retail centre. With such a diverse range of offerings, Champions Way Residences truly has something for everyone.
An expression of interest (EOI) exercise has been launched, offering a portfolio of 31 strata commercial units at Midpoint Orchard, a shopping mall situated along the prestigious Orchard Road. Totaling an estimated floor area of 22,615 sq ft, the freehold units are priced collectively at $281 million.
The portfolio comprises of 31 individual strata lots located on multiple floors, providing investors with a diverse range of units. The units are regularly shaped and include adjoining lots, giving the new owner the opportunity to explore various potential uses subject to approval from the Management Corporation Strata Title and relevant authorities. Aric Lim, district director at Huttons Asia, suggests that the units have the potential to be used for F&B ventures such as a buffet restaurant, food court, and fast-food outlets.
According to Lee Sze Teck, Huttons’ senior director of data analytics, investors can benefit from the commercial zoning of the units, exempting them from additional buyer’s stamp duty or seller’s stamp duty. He mentions that the scarcity of freehold properties in the area makes this portfolio an attractive investment opportunity for those looking to capitalize on the transformation of Orchard Road.
The EOI exercise for the portfolio will close on Feb 28, giving interested parties the opportunity to secure a spot in one of the most coveted locations in Singapore.