Strong interest in Cairnhill Nine in front of launch

The priciest models at fresh luxury home launch Cairnhill Nine are said to have been pre-booked, with other units attracting strong curiosity from purchasers.

About 4 of the project’s eight penthouses have been reserved at prices of about $5. 8 million to $6. 8 million, The Straits Times knows. These include two single- storey and two duplex units.

Penthouse sizes in the project are 2, four hundred sq foot to 3, 863 sq foot.

The 99-year leasehold task with 268 units is all about 60 per cent booked in front of its recognized sales release tomorrow.

Programmer CapitaLand placed on cocktails upon Wednesday intended for the interested parties, and it is said to be thinking about raising indicative prices that are about $2, 500 per sq foot (psf) normally.

This means starting prices of $1. 35 million for a one-bedroom unit and $3. 68 million for any four-bedroom device. One-bedders are sized coming from 592 sq ft and four bedders coming from 1, 528 sq foot.

Two of 12 stacks in the project, which is in Cairnhill Circle and opposite Paragon shopping mall, are said to be completely booked.

A CapitaLand Singapore spokesman stated it is early to discuss the interest level or cheques collected throughout the VIP critique, which began on Feb 27.

Whilst interested purchasers are reported to be mainly Singaporeans intending to take up the unit or perhaps rent it out, there was strong foreigner curiosity, mostly coming from Indonesians.

Marketing agency PERIOD Realty experienced held a two-day event in posh Hotel Mulia Senayan in Jakarta in front of the preview, whilst CapitaLand says it also programs to market the project inside the Indonesian towns of Surabaya and Single, and possibly Hong Kong too.

Whilst $2, 500 psf is an attractive cost for the Cairnhill region and Singapore properties are viewed as safe- haven resources by Indonesians, they do often prefer freehold property.

However it is the “dream location” intended for Indonesians provided the Orchard location and proximity to Paragon and Mount Elizabeth Hospital, stated real-estate agent Edward Yap.

The work will even own a dealt with bridge back linking it to Paragon.

Cairnhill Nine is certainly part of a project with a 220-unit Ascott serviced asset.

Real-estate agent Alex Sim said the strong require so far can be due to the fact that “there have not really been any good unveilings along Orchard Road prior to now two to three years”. “Because with the cooling options, including the 12-15 per cent Added Buyer’s Brand, imprint Duty just for foreigners, clients are given one shot and want to get the ideal, ” the person added.