Residences At 338a

Residences At 338a is a freehold apartment completed in 2004. It is developed by SPRINGSTAR PROPERTIES PTE LTD and designed by NIKKEN SEKKEI PARTNERSHIP. The development occupies a land area of 2,027 sqm and a Gross Floor Area of 5,674 sqm. It consists of 46 units. According to records, buyers of this development are Singaporean 66.7%, PR 18.4%, Foreigner 14.9%, Company 0.0%.

RESIDENCES AT 338A is located along River Valley Road in River Valley, in District 9. It is accessible through the nearest MRTs including Somerset NS23 and Great World TE15.

Based on transaction data in the last 12 months, sale prices range from S$ 2,041 psf to S$ 2,113 psf at an average of S$ 2,077 psf. Its highest recorded transaction was S$ 2,190 psf in Mar 2022 for a 1,206-sqft unit. Its lowest recorded transaction was S$ 748 psf in Nov 2004 for a 1,378-sqft unit. Its current rental yield is at 2.6%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, PAN PACIFIC INTERNATIONAL HOLDINGS PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): New Bahru, 111 Somerset, Orchard Gateway.

Buyers and tenants are attracted to District 9, which includes Orchard Road, River Valley and Cairnhill. This district is part of Singapore’s Central Business District and has become a must-visit spot for Singapore tourists. Spanning almost 2.2km, Orchard Road represents one of Singapore’s best retail, dining and entertainment boulevards, catering to any taste or budget and ranging from luxury brands to high street fashion. District 9 has a huge selection of exclusive cosmopolitan bistros and on the other end of the scale, a number of popular international fast food restaurants. Fronting Orchard Road, ION Orchard Mall is home to designer brands, as well as Sephora’s largest store in the area. Another major shopping mall in this district is Great World, which caters to locals, with a Cold Storage supermarket, Best Denki electrical store, and Golden Village Cinema. Cairnhill is home to the first freehold Ritz-Carlton property in Asia - the Ritz-Carlton Residence. This property sets a new standard of luxury living in Singapore as these homes feature magnificent finishings, excellent facilities and exemplary services from the legendary The Ritz-Carlton.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.