Cairnhill Heights sold en bloc for $72.6 mil
The 60-40 joint venture company between Tiong Seng Holdings & Ocean Sky International, TSky Development has bought Cairnhill Heights condominium en bloc for the price value of $72.6 million. This condo was launched for the collective sales with the price value of $80 million during December 2017.
Primarily located in prime District 9 with a site area covering 15,408 sq ft, Cairnhill Heights is specifically zoned “Residential” with gross plot ratio being 2.8. This site could be redeveloped onto a residential development comprising 42 units based on average size of 95 sqm (1022.3 sq ft). This site is placed within the prestigious Cairnhill enclave and walkable distance to Anglo-Chinese School (Junior) and the Newton MRT station.
TSky Development would set up a project company for undertaking the redevelopment of this site.