Cairnhill Mansions to be launched for collective sale at $2,101 psf ppr

By Angela Teo / EdgeProp | October 5, 2017 7:28 PM SGT
Join our  Telegram  channel and follow our  Facebook  for the latest update.
Cairnhill Mansions is set to be launched for collective sale via public tender in a few weeks’ time. Strategically located at Cairnhill Road next to The Ritz-Carlton Residences, Singapore, the guide price for Cairnhill Mansions is $362 million, or $2,101 psf per plot ratio (ppr), says marketing agent CBRE.
The existing development is 61-unit, 18-storey condominium block sitting on a land area of 43,103 sq ft, with maximum gross floor area (GFA) of 172,239 sq ft, including a 10% bonus GFA for balconies. The new development could therefore yield 140 units, assuming an average size of 1,200 sq ft for the new units, according to CBRE.
A redevelopment on the Cairnhill Mansions site will be able to capitalise on the potential 36-storey height for “unblocked, 360-degree views of Singapore’s skyline, featuring the lush greenery of Goodwood Hill, the CBD skyline, and beyond.”
ADVERTISEMENT
Cairnhill Mansions
Source: CBRE
Located within walking distance of the Orchard Road shopping belt and Newton MRT interchange station, Cairnhill Mansions is nestled within an enclave with luxury high-rise residential developments such as The Scotts Tower, Ritz-Carlton Residences and Reignwood Hamilton Scotts. In addition, Cairnhill Mansions is located within a 1km radius of Anglo-Chinese School (Junior).
Galven Tan, director of capital markets at CBRE, expects strong interest from local and overseas developers given the site’s prime location and “palatable deal size”.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter