The Arcadia is a leasehold (99 yrs from 1979) condominium completed in 1983. The development occupies a land area of 37,804 sqm and a Gross Floor Area of 60,487 sqm. It consists of 164 units.
THE ARCADIA is located along Arcadia Road in Bukit Timah, in District 11. It is accessible through the nearest MRTs including Tan Kah Kee DT8 and Sixth Avenue DT7. Walking to Tan Kah Kee mrt is 12min walk from the side gate.
Based on transaction data in the last 12 months, sale prices range from S$ 1,146 psf to S$ 1,247 psf at an average of S$ 1,201 psf. Its highest recorded transaction was S$ 1,333 psf in Aug 2010 for a 7,503-sqft unit. Its lowest recorded transaction was S$ 280 psf in Jun 1999 for a 7,503-sqft unit. Its current rental yield is at 3.4%. Other nearby amenities include: 3 Grocerie(s): NG LIAN TEE, COLD STORAGE SINGAPORE (1983) PTE LTD, SWISS BUTCHERY (2013) PRIVATE LIMITED.
Buyers and tenants are attracted to District 11, which is comprised of Thomson, Watten Estate, Novena and Newton. This area is famous for a number of renowned schools, religious houses and elite residential estates. With forests and reservoirs scattered around the Thomson area, property prices here are significantly higher compared to other parts of Singapore. The Watten district next to Bukit Timah is one of the most prestigious locations for residential estates in Singapore, sharing forest and golf course greenery as well as being close to Singapore’s Central Business District. Novena is home to the Inland Revenue Authority Building and Singapore’s largest medical centre, Tan Tock Seng Hospital. Although Newton’s pace of life is relatively slow compared to neighbouring Orchard, its residential properties remain expensive, as it’s strategically located between Orchard Road and Bukit Timah.
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