{"id":44039,"date":"2017-02-14T10:54:27","date_gmt":"2017-02-14T03:54:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55-of-the-peak-cairnhill-ii-sold-at-launch\/"},"modified":"2017-02-14T11:06:24","modified_gmt":"2017-02-14T04:06:24","slug":"over-55-of-the-peak-cairnhill-ii-sold-at-launch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55-of-the-peak-cairnhill-ii-sold-at-launch\/","title":{"rendered":"Over 55% of The Peak @ Cairnhill II sold at launch"},"content":{"rendered":"


\nImage: Developer\u00a0brochure
\nThe Peak @ Cairnhill II, a freehold 18-storey luxurious development by TG Development, received robust response during its launch in January, with 34 out of 60 units snapped up at an average price of S$2,700 psf.
\nThis brings the development\u2019s total take-up rate to over 55 percent.
\nLocated within the prime Orchard Road district, The Peak @ Cairnhill II comprises 58 two-bedroom and two-bedroom penthouse units.
\nOf these, 28 units measure 829 sq ft and another 28 units measure 904 sq ft. Sizes of the two-bedroom penthouse units, on the other hand, stood at 1,884 sq ft and 1,864 sq ft respectively.
\n\u201cThe luxury marketing is indeed showing signs of improvement in 2017. We are heartened by the good take up rates of our development as reflected by the 34 units sold to date,\u201d said TG Development managing director Ong Boon Chuan.
\nData from the Urban Redevelopment Authority\u2019s (URA) showed that similar high-end developments such as \u00a0Gramercy Park and OUE Twin Peaks registered good take-up rates last year, with 44 and 237 units sold respectively.
\n\u201cThis shows quality developments such as ours can still move amid the challenging property market in Singapore. Buoyed by market confidence, we felt this was opportune time to launch The Peak @ Cairnhill II and our results speak for themselves.\u201d
\nOng also attributed the good take-up rates to the company\u2019s Enhanced Deferred Payment Scheme, saying that \u201cmost of the units were sold through this scheme\u201d.
\nBuyers under the scheme, only paid a 20 percent option fee, and were also given a two year period to exercise the option-to-purchase. The buyers also signed a master tenancy agreement with the developer, which enables them to rent out their unit.
\nCurrently, the developer is offering a 12 percent discount while absorbing the buyers\u2019 property tax and two years of maintenance fees.
\n\u00a0
\nChristopher Chitty, Senior Content Specialist, edited this story.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Over 55% of The Peak @ Cairnhill II sold at launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image: Developer\u00a0brochure The Peak @ Cairnhill II, a freehold 18-storey luxurious development by TG Development,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-44039","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bsj","jetpack-related-posts":[{"id":8148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/solid-weekend-sales-at-the-wisteria-cairnhill-nine\/","url_meta":{"origin":44039,"position":0},"title":"Solid weekend sales at The Wisteria, Cairnhill Nine","date":"March 14, 2016","format":false,"excerpt":"\r Cairnhill Nine drew a strong response during the VIP preview and official launch. (Photo: CapitaLand) Two newly launched private residential projects reported brisk sales over the weekend, an indication that units within integrated developments remain popular despite the lacklustre housing market. The Wisteria in Yishun sold more than 80\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123185,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-16-to-open-for-preview-on-saturday\/","url_meta":{"origin":44039,"position":1},"title":"Cairnhill 16 to open for preview on Saturday","date":"November 12, 2021","format":false,"excerpt":"\r Cairnhill 16 will launch on 27 November 2021, with\u00a0unit sizes ranging from 775 sq ft to 1,744 sq ft on sale. Source:\u00a0TSky Cairnhill 16,\u00a0a 39-unit luxury hilltop development in prime District 9, will open for preview on Saturday (13 November), while the official sales launch is set for 27\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Cairnhill-16-.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":74414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-heights-eyes-80mil-in-collective-sale-tender\/","url_meta":{"origin":44039,"position":2},"title":"Cairnhill Heights eyes $80mil in collective sale tender","date":"December 13, 2017","format":false,"excerpt":"\r Cairnhill Heights, a 19-unit residential development at Cairnhill Rise, is set to be launched for en bloc sale tender on 19 December, reported Business Times. This comes after over 90 percent of the owners have agreed to the sale. The owners are looking at a sale price of more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-riviera-point-sold-en-bloc\/","url_meta":{"origin":44039,"position":3},"title":"Cairnhill Mansions, Riviera Point sold en bloc","date":"February 15, 2018","format":false,"excerpt":"\r Aerial view of Cairnhill Mansions at Cairnhill Road. (Photo: CBRE) Singapore\u2019s collective sales market continues to sizzle with the sale of Cairnhill Mansions and Riviera Point for $362 million and $72 million respectively, revealed marketing agent CBRE. Nestled on a 43,103 sq ft site, Cairnhill Mansions was sold to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-collective-sale-finally-gets-green-light\/","url_meta":{"origin":44039,"position":4},"title":"Cairnhill Mansions collective sale finally gets green light","date":"October 8, 2018","format":false,"excerpt":"\r The penthouse owner who opposed the sale will receive $16 million for her 8,525 sq ft unit, up from the $15.2 million that she was supposed to get. (Photo: CBRE) The en bloc sale of Cairnhill Mansions will finally proceed at $362 million, following a settlement with the penthouse\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8201,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-indonesian-interest-for-cairnhill-nine\/","url_meta":{"origin":44039,"position":5},"title":"Strong Indonesian interest for Cairnhill Nine","date":"March 4, 2016","format":false,"excerpt":"\r Artist\u2019s impression of CapitaLand\u2019s latest development at Cairnhill. A significant number of condo units have been reserved at the 268-unit Cairnhill Nine development in the Orchard area, after its developer CapitaLand held a VIP preview in Jakarta on 20 to 21 February, reported The Business Times. 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