Right prior to the lunary brand-new year, 2 prime area condominiums were marketed en bloc.
The first was Cairnhill Mansions on Cairnhill roadway. It is 5th time fortunate for this 18-storey condo block which was marketed to Singapore-listed residential property programmer Lowered Keng Huat for $362 million. It presently holds 61 houses on a 43,103 sq ft parcel. See http://www.parcbotannia.info.
The 2nd cumulative sale was of the 14,579 sq ft Riveria Factor. This was the condominium's fourth attempt at marketing en bloc. Singapore property or industrial building developer, Macly Group got the site for $72 million.
Area was crucial to both websites' sales
For both sites, location was the winning variable. They are both placed near an MRT terminal or an upcoming one, as well as are easily situated near the Orchard road buying belt. Cairnhill Mansions is near the Newton MRT terminal while Riveria Variable is near the upcoming Great Globe City MRT terminal.
Area 9 are favoured by young professionals and also migrants, for this reason the potential for the new growths on these 2 sites are significant. The Riveria Aspect website has an excellent sight of both Kim Yam roadway as well as River Valley highway.
The designers claim the possible brand-new job will definitely have unblocked sights of Orchard Road, the Singapore horizon and also the Oxley area.