PROJECT DETAILS
Two parcel sites in Cairnhill, located at the Core Central Region of Singapore, were sold for New and Upcoming Condo developments in the 1st half of 2018, through collective sales.
The two land sites of former developments of, namely,
- Cairnhill Heights and
- Cairnhill Mansions
Low Keng Huat won the top bid of S$326 million for Cairnhill Mansions. The land price works out to S$2,311 per square foot per plot ratio psf ppr.
Joint venture company between Tiong Seng Holdings and Ocean Sky International, TSky Development won the top bid of S$72.6 million for Cairnhill Heights. The land price works out to S$2045 per square foot per plot ratio psf ppr.
Other developments that are near to New Condo at former site of Cairnhill Mansions include Scotts Towers, Elizabeth Towers, Ritz Carlton Residences, Helois Residences and Light@ Cairnhill.
New Condo at Cairnhill Road- Connectivity
New and Upcoming condo at Cairnhill Road is approximately 400 m away from Newton Train Station which runs the North South Line. This train services allows future residents of new condo at Cairnhill Road, who work in the downtown financial district to arrive at their workplaces with just 5 stations away. The Orchard Train Station is also just 1 station away. For residents at New condo at Cairnhill Road who drive, it is just 6 minutes’ drive away. New and Upcoming Condo is also strategically located near the Pan Island Expressway (PIE) and also the Central Expressway (CTE) which makes traveling to and fro to different parts of the island a breeze.
New Condo at Cairnhill Road- Amenities
When getting their shopping, dining, leisure and entertainment needs, New Condo at Cairnhill Road future residents can either take a train down or choose to take a short stroll to Orchard Shopping Belt which they will be able to have a wider choice of selection. With the easily access to Singapore’s prime shopping district, living in New Condo at Cairnhill Road will bring many conveniences to its future residents. New and upcoming Condo at Cairnhill Road is also just within walking distances to the famous Newton Food Centre where its future residents can have a wide selection of local Chinese, Muslim and Indian food with the many food stalls resides at the food centre.
New Condo at Cairnhill Road- Education
For those who are buying for investment, New Condo at Cairnhill Road has to be in the shortlist as it is near to many international schools and will be a favourite for expatriate families with school going children. International schools such as Chatsworth International School (Orchard Campus), Swedish Supplementary School, Finnish Supplementary School, Overseas Family School, International School Singapore, Italian Supplementary School, Korean Church Kindergarten, Insworld Institute and Chinese International School are within 2 km radius from New Condo at Cairnhill Road.
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Heart of New Central
Financial District
Marina One Residences
Financial District
Marina One Residences
Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft
Other Developments in
Core Central Region
Core Central Region
| Project | New Condo at Cairnhill- former site of Cairnhill Heights |
| Developer | Tiong Seng Holdings and Ocean Sky |
| Location | Cairnhill Road, Orchard Road |
| District | 09 |
| Tenure | Freehold |
| Site Area | 1,431.4 square metres/ 15,407 square feet |
| GFA: | |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximately residential apartments |
| Total Carpark | |
| Development | Private Condominium comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
|
Project |
Cairnhill Mansions Condo |
| Developer | Low Keng Huat |
| Location | Cairnhill Road, Orchard Road |
| District | 09 |
| Tenure | Freehold |
| Site Area | 43,103 square feet |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | Approximately 200 residential apartments |
| Total Carpark | |
| Development | Private Condominium comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner can buy |
LOCATION and AMENITIES
Amenities Near New Condo at Cairnhill Road Somerset
| Category | Important Amenities Near New Condo at Cairnhill Road | Approximate Distance |
| Train Stations | Somerset (NS23) | 0.4km |
| Bus Stop | Opp Meritus Mandarin (Bus: 36, 77, 124, 128, 143, 162, 162M, 167, 171, 174, 174E 190, 518, 518A, 587, 590, 598, 700, 700A, 971E, NR1, NR2, NR3, NR5, NR6, NR7, NR8) |
0.1km |
| Supermarkets | Fairprice 313@Somerset Cold Storage (Ngee Ann City) Sheng Siong (The Verge) Giant (86 Redhill) |
0.3km 0.3km 1.7km 2.8km |
| Shopping Malls | Knightsbridge The Heeren Mandarin Gallery Orchard Shopping Centre Paragon Cathay Cineleisure Midpoint Orchard Ngee Ann City *Scape |
0.1km 0.1km 0.2km 0.2km 0.2km 0.2km 0.3km 0.3km 0.3km |
| Education Institutions | Preschool | |
| Little Hands Montessori Kindergarten Little Raindrops Montessori Pre-School Kay Poh Road Baptist Kindergarten Newton Kindergarten Far Eastern Kindergarten Gracefields Kindergarten Thomson Road Baptist Kindergarten Christ Church Kindergarten JHS Montessori Kindergarten MFC Kindergarten (Newton) |
0.9km 0.9km 1.2km 1.2km 1.4km 1.5km 1.5km 1.5km 1.7km 1.7km |
|
| Primary | ||
| Anglo-Chinese School (Junior) River Valley Primary School Saint Margaret’s Primary School Anglo-Chinese School (Primary) Farrer Park Primary School Saint Joseph’s Institution Junior |
0.7km 1.0km 1.0km 1.7km 1.8km 1.8km |
|
| Secondary | ||
| Raffles Girls’ Secondary School Anglo-Chinese School (Barker Road) Outram Secondary School |
1.3km 1.8km 1.9km |
|
| Junior College | ||
| Catholic Junior College | 2.4km | |
| Tertiary | ||
| The University of Chicago Booth School of Business Nanyang Academy Of Fine Arts Singapore Management University |
0.9km 1.6km 1.6km |
|
| International | ||
| Chatsworth International School (Orchard Campus) Swedish Supplementary School Finnish Supplementary School Overseas Family School International School Singapore (Paterson Campus) Insworld Institute Italian Supplementary School Korean Church Kindergarten |
0.2km 0.4km 0.6km 0.7km 0.8km 1.7km 1.7km 1.9km |
|
| Food Centre | Newton Food Centre Zion Riverside Food Centre Tekka Market Kukoh 21 Food Centre Havelock Road Food Centre Albert Centre Market and Food Centre Beo Crescent Block 38A Market and Food Centre |
1.0km 1.4km 1.5km 1.8km 1.9km 1.9km 2.0km |
| Lifestyle | French Chamber of Commerce American Club Tanglin Club Istana Park The Legends Fort Canning Park HomeTeamNS @ UE Shopping Mall The Pines Club PA Staff Club |
0.7km 0.8km 0.9km 0.9km 1.2km 1.4km 1.4km 1.5km 1.8km |
AVAILABLE UNITS/ SOLD/ CHEAPEST PRICES PSF
COMPARE
TIONG SENG HOLDINGS JOINT VENTRUE BOUGHT LAND PARCEL AT CAIRNHILL HEIGHTS THROUGH COLLECTIVE SALES
Cairnhill Heights condominium has been sold en bloc for $72.6 million to the 60-40 joint venture company between Tiong Seng Holdings and Ocean Sky International, TSky Development. The condo was launched for collective sale with an asking price of $80 million in December 2017.
Located in prime District 9 with a site area of about 15,408 sq ft, Cairnhill Heights is zoned “Residential” with a gross plot ratio of 2.8. The site may be redeveloped into a residential development of about 42 units based on an average size of 95 sq m (1022.3 sq ft). It is situated within the prestigious Cairnhill enclave, within walking distance of the Newton MRT station and Anglo-Chinese School (Junior).
TSky Development will set up a project company to undertake the redevelopment of the site.
CAIRNHILL MANSIONS COLLECTIVE SALES SOLD TO LOW KENG HUAT
The $362 million collective sale of Cairnhill Mansions will proceed at that price, due to a settlement that gives the penthouse owner who objected to the sale an extra $867,004.79.
This sum is to be borne equally by the owners of the other units in the development, the High Court ordered on Thursday afternoon.
Mediation between objector Djie Tjoe Nio and the collective sale committee began on Tuesday and carried on "into the wee hours of the night", said Justice Quentin Loh in his oral grounds.
The $867,004.79 represents 0.25 per cent of the sale proceeds of the other 60 units.
Mrs Nio, who was originally supposed to pocket close to $15.2 million from the sale, will now get around $16 million for her 792 sq m unit.
The owners of the other units, each 188 sq m in size, will each get about $14,400 less than the $5.77 million apiece they were supposed to receive.
The law says the court can order an increase to the sale proceeds for an objector if it is satisfied that it would be just and equitable to do so. The total sum can be paid from the sale proceeds of the owners and cannot exceed 0.25 per cent of the sale proceeds for each unit or $2,000 per unit, whichever is higher.
Low Keng Huat had bought the property at 69 Cairnhill Road for $362 million in February.
Four months later, the civil engineering and property development company also bought the adjacent 67 Cairnhill Road for $100 million.
But the owner of the penthouse at 69 objected, saying the method of valuation was wrong and worked unfairly against her, leading the Strata Titles Board to issue a stop order and the collective sale committee to then apply to the High Court to approve the sale.
"Her case was not that she would suffer a financial loss," Justice Loh said, adding that the law "is a means to address specific inequities that can arise in a collective sale".
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