Foreign buyers eye Klimt Cairnhill for its prime location
SINGAPORE – Due to limited supply of new launches in the prime district 09, orchard and river valley area for the past many years, new build-under-construction (BUC) development for sale in those area are highly sought after by upscale buyers who are very interested to purchase a luxurious condo in this branded locale.
Among the new projects in the area, buyers have recently zoomed in on Klimt Cairnhill, a freehold development by public-listed builder and developer company Low Keng Huat. The 138-unit development comprises one tower of thirty-six-storey tower on a 62,904 sq ft site. The project was launched for sale in August 2K21.
DP Architects signed the condo in such a way with unique features a curvilinear façade design with gold highlights that symbolizes a sense of sophistication. The design was also inspired by Austrian artist Gustav Klimt’s paintings in gold leaf, says Alvin Teo, executive director of Low Keng Huat, in a presentation on the project at EdgeProp’s master class webinar on Feb twenty-five. A neighbouring conserved bungalow serves as the residents’ clubhouse. The condo has a range of two- to four-bedroom apartments that range from eight hundred to two thousand four hundred square feet.
Low Keng Huat relaunched the project after a refurbishment of the sales gallery was completed in January this year, and sales significantly picked up on the back of renewed interest from high-net-worth buyers.
The most prime units at Klimt are the two penthouses: a 4,898 sq ft six-bedroom simplex on the 36th floor, and a 5,290 sq ft six-bedroom duplex on the 35th and 36th floors. Last month, the duplex was sold to a mainland Chinese buyer for $27.5 million ($4,645 psf).
The simplex penthouse was sold for twenty-six million dollars ($5,309 psf) last November.
Meanwhile, a 2,368 sq ft, four-bedroom unit on the 35th floor was sold for ten point zero one million ($4,264 psf) on Dec 25 last year, followed by another four-bedder on the 31st floor that fetched $9.95 million ($4,202 psf) on Jan 9.
Datas provided by developer revealed that thirty-eight units have been snapped up till date, bringing the take-up rate to twenty-eight percent. Transactions data amplify that steady sales have raised the median price tag at Klimt Cairnhill to about $3,778 psf.