26 Feb '18, 1am

2 more prime district condominiums go en bloc

District 10 and now to district 9 , more older private condominium developments in the prime district are going en bloc. 2 prime district 9 sold in collective sales before the lunar new year Just before the lunary new year, 2 prime district condominiums were sold en bloc. Cairnhill Mansions The first was Cairnhill Mansions on Cairnhill road. It is fifth time lucky for this 18-storey condominium block which was sold to Singapore-listed property developer Low Keng Huat for $362 million. It currently holds 61 apartments on a 43,103 sq ft piece of land. The developer has plans to build a new 200-unit high-rise private condo establishment. With a gross floor area of 49,265 sq ft, it has a plot ratio of 3.379. The second collective sale was of the 14,579 sq ft Riveria Point . This was the condominium’s fourth attempt at selling en bloc. Singapore property developer, Macly Group ...

Full article: https://www.iproperty.com.sg/news/2-more-prime-district-c...

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