{"id":79926,"date":"2018-02-15T09:57:53","date_gmt":"2018-02-15T02:57:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-riviera-point-sold-en-bloc\/"},"modified":"2018-02-15T10:05:02","modified_gmt":"2018-02-15T03:05:02","slug":"cairnhill-mansions-riviera-point-sold-en-bloc","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-riviera-point-sold-en-bloc\/","title":{"rendered":"Cairnhill Mansions, Riviera Point sold en bloc"},"content":{"rendered":"


\nAerial view of Cairnhill Mansions at Cairnhill Road. (Photo: CBRE)
\nSingapore\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.
\nNestled on a 43,103 sq ft site, Cairnhill Mansions was sold to Low Keng Huat (Singapore), which intends to redevelop the site into a 200-unit high-rise condominium.
\n\u201cCairnhill Mansions is the first residential development site to be sold in one of the most prime districts in Singapore during the current en bloc cycle. The transaction is testament to the superior locational attributes of the site and confidence in the luxury residential market,\u201d said CBRE capital markets director Galven Tan.
\nStrategically located at 69 Cairnhill Road, the freehold site \u201cenjoys the rarity of privacy and tranquility within one of the most prestigious districts in Singapore and yet is a stone\u2019s throw on foot to the bustling Orchard Road\u201d. Cairnhilll Mansions is also near Newton MRT station.
\nRiviera Point was sold to Macly Riveria, a fully-owned subsidiary of Macly Group, following three failed attempts at an en bloc sale in 2007, 2011 and 2013.
\nWith an area of around 14,579 sq ft, the site is zoned for residential use under the 2014 Master Plan with a plot ratio of 2.8 and a height limit of 36 storeys. The verified existing gross floor area, however, is around 49,265 sq ft, which works out to a plot ratio of 3.379.
\nThe site is less than 600m away from Great World MRT station (TE15) and a 10-minute walk to Somerset MRT station.
\n\u201cRiviera Point, situated on an elevated plot and within a neighbourhood with abundant amenities, presents an excellent opportunity for the buyer to develop a high quality boutique development catered for young urbanites wanting to live within the cosmopolitan neighbourhood of River Valley and Robertson Quay,\u201d said Tan.
\nCBRE noted that the high floor units of the proposed development will enjoy unblocked views towards Orchard and the Singapore skyline, while the lower floor units will overlook the Oxley area.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Cairnhill Mansions, Riviera Point sold en bloc<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of Cairnhill Mansions at Cairnhill Road. (Photo: CBRE) Singapore\u2019s collective sales market continues...<\/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-79926","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-kN8","jetpack-related-posts":[{"id":90937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-acquires-more-land-in-cairnhill-eyes-bigger-redevelopment-site\/","url_meta":{"origin":79926,"position":0},"title":"Developer acquires more land in Cairnhill, eyes bigger redevelopment site","date":"June 8, 2018","format":false,"excerpt":"\r Singapore-listed Low Keng Huat previously signed a collective sales agreement to buy Cairnhill Mansions along Cairnhill Road in District 9 for $362 million. (Photo: CBRE) Glopeak Development, a unit of Singapore-listed property developer Low Keng Huat, has agreed to purchase several pieces of freehold residential land adjacent to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-to-go-on-sale-for-362m\/","url_meta":{"origin":79926,"position":1},"title":"Cairnhill Mansions to go on sale for $362m","date":"October 6, 2017","format":false,"excerpt":"\r The 18-storey Cairnhill Mansions comprises 61 apartments. (Photo: CBRE) The freehold Cairnhill Mansions project in District 9 will be launched for collective sale in a few weeks\u2019 time, marketing agent CBRE revealed on Thursday (5 October). The 61-unit project has a guide price of $362 million, which works out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-prime-freehold-sites-up-for-sale-for-a-total-of-477m\/","url_meta":{"origin":79926,"position":2},"title":"Two prime freehold sites up for sale for a total of $477m","date":"October 25, 2017","format":false,"excerpt":"\r Aerial view of 67 Cairnhill Road and Cairnhill Mansions. (Photo: CBRE)\u00a0 Two prime freehold sites in District 9 that are among the few remaining sizeable plots available in Cairnhill Road have been launched for sale by exclusive marketing agent CBRE on Tuesday (24 October). These comprise a 19,800 sq\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":79926,"position":3},"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":88551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/8-more-properties-launched-for-en-bloc-sale\/","url_meta":{"origin":79926,"position":4},"title":"8 more properties launched for en bloc sale","date":"May 17, 2018","format":false,"excerpt":"\r Cairnhill Astoria (the red building) in prime District 9 has joined a growing list of properties launched for en bloc sale. (Photo: Colliers International) Singapore\u2019s red-hot collective sales market continues to sizzle with more homeowners jumping on the en bloc bandwagon. Cairnhill Astoria in Cairnhill Rise and Trendale Tower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-heights-eyes-80mil-in-collective-sale-tender\/","url_meta":{"origin":79926,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79926"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=79926"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79926\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}