{"id":8201,"date":"2016-03-04T11:26:25","date_gmt":"2016-03-04T04:26:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-indonesian-interest-for-cairnhill-nine\/"},"modified":"2016-03-16T21:08:54","modified_gmt":"2016-03-16T14:08:54","slug":"strong-indonesian-interest-for-cairnhill-nine","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-indonesian-interest-for-cairnhill-nine\/","title":{"rendered":"Strong Indonesian interest for Cairnhill Nine"},"content":{"rendered":"


\nArtist\u2019s impression of CapitaLand\u2019s latest development at Cairnhill.
\nA 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.
\nPotential buyers deposited cheques to secure the units they were interested in, but they may still cancel their bookings.
\nAccording to Tata Goeyardi of Religare Capital Markets, Indonesians were attracted to the luxury condominium\u2019s direct linkage to Paragon shopping mall, which features a medical centre on top. The project is also close to Mount Elizabeth Orchard hospital.
\nThe apartments are also spacious, with sizes ranging from 592 sq ft for one-bedders to 2,013 sq ft for four-bedders.
\nAnother selling point is the competitive pricing. Average prices range from $2,400 psf to $2,500 psf, and large units could go for as low as $2,200 psf. In comparison, prime freehold properties within the vicinity are selling for $2,600 psf to $2,700 psf on average.
\nAlthough this is a 99-year leasehold development, Indonesians were not put off by its tenure, unlike Singaporeans who mainly favour freehold properties, said Goeyardi.
\n\u201cWhat surprised us is the willingness of Indonesians to purchase, even with the 15 percent Additional Buyer\u2019s Stamp Duty (ABSD) for foreigners. This has created a new hope for the residential market in Singapore.\u201d
\nAccording to a spokesperson for CapitaLand, Cairnhill Nine will be officially launched on 12 March, and the developer plans to hold another round of viewings by appointment this weekend.
\nIf it\u2019s unable to sell all the units by 31 March, it intends to market the project in other Indonesian cities like Surabaya, and even in Hong Kong.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Strong Indonesian interest for Cairnhill Nine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of CapitaLand\u2019s latest development at Cairnhill. A significant number of condo units have...<\/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-8201","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\/p75ss1-28h","jetpack-related-posts":[{"id":123185,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-16-to-open-for-preview-on-saturday\/","url_meta":{"origin":8201,"position":0},"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":8148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/solid-weekend-sales-at-the-wisteria-cairnhill-nine\/","url_meta":{"origin":8201,"position":1},"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":79926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cairnhill-mansions-riviera-point-sold-en-bloc\/","url_meta":{"origin":8201,"position":2},"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":44039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-55-of-the-peak-cairnhill-ii-sold-at-launch\/","url_meta":{"origin":8201,"position":3},"title":"Over 55% of The Peak @ Cairnhill II sold at launch","date":"February 14, 2017","format":false,"excerpt":"\r Image: Developer\u00a0brochure The 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. This brings the development\u2019s total take-up rate to over 55 percent.\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":8201,"position":4},"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. 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