Exact Cairnhill Nine price estimates are not available yet. Please drop us a note here if you would like to be kept updated on indicative pricing once available.
Cairnhill Nine Price Ranges . Indicative Cairnhill 9 Pricing
|UNIT||TYPE||STD SQ M||STD SQ FT||INDICATIVE PRICING|
|1 BEDROOM||A||55 – 73||592 – 786||$1.35M – $1.71M|
|1 + GUEST||B||68 – 90||732 – 969||$1.6M – $2.11M|
|2 BEDROOM||C||96 – 123||1,033 – 1,324||$2.49M – $2.99M|
|2 + GUEST||D||96 – 123||1,033 – 1,324||$2.56M – $3.06M|
|4 BEDROOM||E||142 – 187||1,528 – 2,013||$3.68M – $4.02M|
|PENTHOUSES||F & G||223 – 359||2,400 – 3,864||$5.8M – $6.67M|
Cairnhill Nine Price Ranges . Cairnhill Nine Pricing Analysis
The Cairnhill Nine site is in Cairnhill Road, just off Orchard Road.
CapitaLand Residential paid around SGD$170 million to top up the lease to a fresh 99-year lease and to intensify the land use. Including the SGD$359 million paid to Ascott Residence Trust for the purchase of the site, average land cost is around SGD$1,100 to $1,200 per sq ft (psf).
The rebuilding cost, for both the serviced residence tower and the condominium, is about USD$950 million.
According to Savills Singapore research head Alan Cheong, condominium developments in the Cairnhill Road area can, on average, sell for between SGD$2,500 psf and $3,500 psf.
“Cairnhill is undergoing a transformation. It is upmarket, and it’s going even more upmarket, and developers are aspiring to hit the Paterson Road-type pricing, where one unit went for $6,800 psf last year.”
Capitaland might launch at a low pricing for lower floor units at the VIP Preview, and then subsequently raise prices for the higher floor units, as it has done before for Duo Residences and Sky Vue.
“As an integrated development with a serviced residence component, there will certainly be opportunities to explore and create synergies between the two to bring value to our homebuyers in the form of new amenities and services,” said Mr Wong Heang Fine, chief executive of CapitaLand Residential Singapore, which will undertake the redevelopment with The Ascott Limited.
Both these companies are wholly-owned subsidiaries of CapitaLand Limited, which also holds 49 per cent of Ascott Residence Trust, a listed real estate investment trust (REIT).
Cairnhill Nine Price · VIP Preview · Showflat Viewing
Just register here if you would like to be kept updated on Cairnhill Nine price updates.