Product at The Top @ Cairnhill I sold for $2, 617 psf

There was several orders in the Cairnhill area within the full week of Nov 1 to 8, according to the newest caveats downloaded from URA Realis. In the Peak @ Cairnhill We, two two-bedroom units of 678 sq ft every were marketed. The one for the fifth flooring was sold for $1. 72 million ($2, 538 psf), while the a single on the ninth floor chose $1. 79 million ($2, 617 psf). Both offers were carried out on Nov 3.

The Peak @ Cairnhill I is known as a 52-unit freehold condominium produced by TG Advancement and TEE Development with each other. The task was completed in 2014 and was about 65% sold while at Nov 8, in respect to tricks lodged with URA Realis.

The abutting project, named The Peak snabel-a Cairnhill 2, is manufactured by TG Production and FIRST TEE Development as well. Completed not too long ago, the 60-unit freehold engine block is appointed for roll-out in 1Q2017.

Two apartments rentals at the Summit @ Cairnhill I had been sold by simply TG Production and FIRST TEE Development just lately

In the area of Cairnhill Bideford and Road Highway is the soon-to-be-completed Cairnhill Seven, which includes a 30-storey housing tower employs 268 apartments rentals and a 20-storey structure with 230 serviced apartments rentals branded The Ascott Singapore. The job is manufactured by CapitaLand.

Appointed to be accomplished at year-end, the job was launched in March. Simply because at end-October, 217 packages, or 81% of the job, were purchased. Despite it is 99-year hire, Cairnhill Seven is sought-after because of the cost bridge backlinks the job to Paragon shopping hub across the active Bideford Highway, and its site just off of the prime Orchard Road purchasing strip likewise.

The two newest transactions in Cairnhill 9 involved systems on the 19th floor. A ONE, 044 sq ft, two-bedroom unit fetched $2. fifth 89 million ($2, 764 psf) while a one, 033 sq ft device was sold for $2. 82 million ($2, 731 psf).

This complete year, designers of high-class condos came up with innovative deferred payment schemes to attract buyers. OUE Twin Peaks started the trend, and now you will find variations towards the stay-then-pay system popularised simply by CapitaLand designed for the remaining systems at d’Leedon and Interlace projects.

In Cairnhill Group, Hilltops, a 241-unit high-class condo completed in 2011 simply by SC Global, launched an “enhanced payment scheme” designed for 30 systems owned and leased out by the programmer at end-July.

Under this scheme, purchasers make an in advance payment equal to 20% with the unit’s price. They are in that case given a two-year option to purchase the device at a fixed price. Meanwhile, the purchasers will receive an annual return of 10% for the down payment, supported by tenancies been able by SC Global.

In September The newest transaction in Hilltops was, when a you, 711 sq ft, three-bedroom unit was sold for $5. 27 mil ($3, 078 psf). It had been the biggest and eighth device sold in the condo because the scheme was launched four a few months ago. The majority of the other orders involved two-bedroom units sold at prices which range from $2. 56 million ($3, 084 psf) for an 829 sq ft device to $3. 86 mil ($3, 091 psf) to get a 1, 249 sq feet unit.