Cairnhill Mansion sold en bloc for $362m
Low Keng Huat (Singapore) Limited (LKHS) bought Cairnhill Mansion en bloc for the price value of $362m on 14 February 2018.
As per an announcement made, this freehold property would cover the area of 43,103 sq ft to LKHS’s landbank for the residential properties in Singapore.
The property would be redeveloped onto a high-rise residential condo which is presumed to yield 200 units.
The vendors of the property are paid around 5% of the consideration price.