Cairnhill Nine . Integrated Development @ Orchard Road

Cairnhill Nine Condominium . Orchard Shopping Belt . Walk to Somerset MRT

Cairnhill Nine condo is an upmarket residential development that is integrated with Ascott Hotel and serviced apartments. It is directly linked by bridge to Paragon Mall, and located in the heart of the Orchard Road shopping belt. Developed by Capitaland, one of Singapore’s largest and most reputable developers, well-known for numerous landmark projects.

 
Cairnhill Nine Condominium . Cairnhill 9 Integrated Development @ Orchard Road . By Capitaland

 

The Cairnhill Nine condo occupies a really plum site in the centre of Singapore’s most famous and upscale shopping belt. Orchard Road is a vibrant, bustling shopper’s haven that spans the likes of Wheelock Place, Ion Orchard, The Paragon, Tang Plaza, and several hotels.

Cairnhill Nine itself is just next to The Paragon & The Heeren, across from 313 Somerset and Takashimaya Shopping Centre, and 5 minutes walk from Somerset MRT station. That places it 5 to 10 minutes drive or by train from the Raffles Place CBD and the Marina Bay Financial Centre.

Please arrange to view the showflat if you would like to live or invest at Cairnhill 9.

 
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The Cairnhill Nine Condo · The Site

The site was formerly occupied by the Somerset Grand Cairnhill Singapore serviced residences. Property giant Capitaland bought it over from its associate, Ascott Residence Trust, for S$359 million, to redevelop it.

They paid around $160 to $180 million for a fresh 99-year lease. The site is being redeveloped into Capitaland’s first ever integrated development called Cairnhill 9, combining a serviced residence, with a 250 unit condominium that will be sold to the public.

Cairnhill Nine Condo . Cairnhill 9 was formerly Somerset Grand Cairnhill SingaporeCairnhill Nine Condo . Formerly Somerset Grand Cairnhill Singapore

For more details, see this report: Click here (opens in new window).

 
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The Cairnhill 9 Condominium · Highlights

Key points in owning a unit in the Cairnhill Nine condo:

    • A home or investment in the heart of a vibrant cosmopolitan city, in prime Orchard Road District 9.
    • Cairnhill 9 is surrounded by every necessary convenience, next to some of the newest and biggest shopping malls.
    • Directly linked by a bridge to The Paragon shopping centre.
    • Just around 5 minutes walk to Somerset MRT station, that links to all the MRT lines criss-crossing the island.
    • More affordable than other condos in the vicinity, as it is 99 year leasehold and priced accordingly. Cairnhill 9 condo pricing starts from SGD$1.35 million.
    • Easy access, within 5 minutes drive to the CTE (Central Expressway), and from there to the other expressways.
    • 5 to 10 minutes ride or drive to the Marina Bay and Raffles Place Financial Centres.

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Cairnhill Nine Condominium · Showflat Viewing · VIP Preview

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Cairnhill Nine Showflat

Cairnhill Nine Showflat . Cairnhill 9 Show Suites

The Cairnhill Nine showflat will be available for appointments from February 2016. Please drop a note below if you would like to arrange a viewing.

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Cairnhill 9 Showflat · 3 Show Suites

1 Bedroom + Guest . Type B3 (M) . 69 sqm / 743 sq ftCairnhill Nine Showflat One Guest Type B3M

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2 Bedroom + Guest . Type D2 . 97 sqm / 1,044 sq ftCairnhill 9 Showflat 2 Guest Type D2

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4 Bedroom . Type E . 142 sqm / 1,528 sq ftCairnhill 9 Showflat 4 Bedroom Type E

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Cairnhill Nine Showflat by Capitaland · Finishes & Fittings

Kitchen For Types A, B, C, D
Kitchen cabinets complete with quartz stone and/or solid surface worktop, single bowl stainless steel kitchen sink and mixer tap, electric hob, electric hood, combi microwave oven, coffee machine, refrigerator, combi washer/dryer
For Type E
Kitchen cabinets complete with quartz stone and/or solid surface worktop, single bowl stainless steel kitchen sink and mixer tap, gas hob, electric hood, combi microwave oven, coffee machine, refrigerator, wine chiller, dishwasher, washer and dryer
For Types F & G
Kitchen cabinets complete with quartz stone and/or solid surface worktop, single bowl stainless steel kitchen sink and mixer tap, gas hob, electric hood, oven, steam oven, combi microwave oven, coffee machine, warming drawer, refrigerator, wine chiller, dishwasher, washer and dryer
Wardrobes Wardrobes provided to all bedrooms (excluding Guest Room)
Wardrobes Wardrobes provided to all bedrooms (excluding Guest Room)
Air-Conditioning For Types A, B, C, D & E
Concealed ducted fan coil unit for Living/ Dining and all Bedrooms
For Types F & G
Concealed ducted fan coil unit for Living/ Dining, Family and for all Bedrooms
Utilities Hot water supply to Kitchen and all Bathrooms except for WC and Powder Room
Town gas supply to Kitchen except for Types A, B, C & D where electric hob is provided
Data point outlets complete with Category 6 or other appropriate cabling in Living/Dining, Family, Guest Room and all Bedrooms

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Cairnhill Nine Showflat Viewing · VIP Preview Launch

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Cairnhill New Condo & Serviced Apartments | Cairnhill Nine

Cairnhill New Condo . Cairnhill Nine Development Background

In news announced on 10 July 2012, Capitaland, South-East Asia’s largest property developer said that it would buy over Somerset Grand Cairnhill Singapore, a serviced residence in the prime Orchard Road belt, from its own subsidiary Ascott Residence Trust, for S$359 million.

Somerset Grand Cairnhill Serviced Apartment . Redeveloped into Cairnhill Nine & Cairnhill New CondoSomerset Grand Cairnhill Serviced Apartment . Site of Cairnhill Nine & Cairnhill New Condo

The sale would enable Capitaland to rebuild it into an integrated development.

The new development, to be called Cairnhill Nine, will comprise a high-end 30-storey Cairnhill new condo for public sale, and a 20-storey serviced residence with a hotel licence. It will be Capitaland’s first-ever integrated development combining a condominium and a serviced residence.

Based on approvals from URA (Urban Redevelopment Authority), Cairnhill Nine will have a total allowable gross floor area (GFA) of 466,429 sq ft. The serviced-residence side of Cairnhill Nine would take up about 186,571 sq ft of space, or about 40% of the development, and accommodate 371 units. It is scheduled for completion in the 3rd quarter of 2017, and intended to be sold back to Ascott Residence Trust.

The residential side in Cairnhill Nine, meanwhile, will take up around 60% of the allowable space, and provide about 268 units. It will be sold publicly by the developer CapitaLand, whose main target market will be families and high-net-worth young professionals.

This Cairnhill new condo is scheduled for completion around end 2016 or early 2017.

Article Source: see report (opens in new window).

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Cairnhill New Condo · Cairnhill Nine · VIP Preview

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Cairnhill Nine Launch

Singapore Luxury Residential Market | The Cairnhill Nine Launch

Study shows that Singapore still cost competitive for luxury home buys like the upcoming Cairnhill Nine launch.

Even after factoring in a hefty additional buyer’s stamp duty (ABSD) of 15 per cent on foreign property buyers, Singapore is still cost competitive compared to London and Sydney for luxury home purchases.

This was among the key conclusions from an inaugural Global Tax report.

The study found that Singapore’s tax costs and property costs are lower compared to London and Sydney for a foreigner acquiring a property worth US$10 million and holding it for 5 years before selling it.

For a US$1 million property, however, Singapore’s tax costs for a foreigner buying, holding and selling it over the same period is higher compared to the other 2 gateway cities, though the property costs are relatively lower.

The residences being offered for sale in the Cairnhill Nine launch, ranging between USD$1M to USD$4.5M, fall somewhere between these 2 categories.

Marina One Residences by Capitaland . Developer for the Cairnhill Nine LaunchMarina One Residences by Capitaland . Developer for the Cairnhill Nine Launch

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The ABSD has been seen as a key deterrent to foreigners purchasing high-end homes here in the last 2 years, with foreigners (excluding permanent residents) making up only 12.5 per cent of private home purchases in the Core Central Region (CCR) in 2015.

Macro-prudential tools used in Asian economies such as Hong Kong, Singapore, and China, to rein in exuberance in their property markets, have been increasingly used in some Western countries.

However, in spite of property taxes being introduced in Australia and the UK, they have not quashed foreign appetite for properties in Sydney and London, as these cities’ pull factors such as capital appreciation, education and security continue to draw buyers.

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In computing tax and property costs, the study assumes that the purchaser buys a property in August 2015 in a foreign country fully in cash, and does not include estate, gift, or inheritance taxes. It has also kept certain factors constant – rental and capital growth of 3 per cent and 5 per cent per annum respectively, and first year gross yield of 4 per cent.

Given the divergence of price trends between Singapore and the other 2 gateway cities London and Sydney, value has emerged for Singapore’s residential market, even after accounting for tax.

Prices of private non-landed homes in the CCR slipped 2.5 per cent in 2015 after a 4.1 per cent fall in 2014, based on data from the URA (Urban Redevelopment Authority). Industry players have flagged steeper declines in certain luxury projects.

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The Cairnhill Nine Launch | Luxury Residential Market Outlook

The outlook for high-end homes remains patchy. While there has been some interest from potential foreign buyers, particularly Indonesians, it remains to be seen whether this heralds a trend.

Prices of high-end homes have trended down to a sweet spot, offering prospects of potential capital gains in the medium to long term, as the government rolls out a series of economic plans for Singapore in the long run.

One reassuring sign has been a gradual decrease of unsold inventory in Singapore’s CCR. Of the nearly 25,000 unsold units island-wide as at the end of 2015, about 26 per cent are located in the CCR.

By 2019, there will be no new supply of completed homes in the CCR. As the unsold inventory winds down, in tandem with the high supply of completed homes in the outside central region (OCR), the appeal for high-end homes may continue or even rise.

Adapted from: The Business Times, 2 February 2016

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CAIRNHILL NINE LAUNCH · SHOWFLAT VIEWING · VIP PREVIEW

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