RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Cairnhill Mansion sold en bloc for $362m

It will be redeveloped to yield 200 units.

Cairnhill Mansion was sold en bloc for $362m to Low Keng Huat (Singapore) Limited (LKHS) on 14 February 2018.

According to an announcement, the freehold property will add 43,103 sqft to LKHS's landbank for residential properties in Singapore.

The property will be redeveloped into a high-rise residential condo that is expected to yield 200 units.

About 5% of the consideration price has been paid to the vendors of the property.

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