Does anyone know about this project, Cairnhill Crest? It's right across the street from The Light @ Cairnhill.

There's nothing spectacular about architecture, but its club house and facilities look quite impressive, especially considering that it's right at the heart of the city.

2, 3+1 study, 4 rooms plus penthouses are available according to Singapore Expat. I think the it's priced slightly lower than The Light @ Cairnhill, but I'm not too certain.

It seems almost completed. I wonder when the construction's going to end...

http://premium1.uploadit.org/joseph0324//cairnhillcrest1.gif
http://premium1.uploadit.org/joseph0324//cairnhillcrest2.gif

Pretty big project it seems.

Yeah, I actually heard that this project has the biggest size of land in Cairnhill area.

Last time I checked, they seem to have changed few things design-wise.

1) They changed balcony material from steel to glass.
2) It's been completely repainted to white color. (It was brown+green combination)

White concrete building with glass balcony... Maybe they got some inspiration from Grange Residences? @_@

I still don't see how it's priced almost same as The Light@Cairnhill though except that they are in the same location. I thought other factors such as architecture would play bigger role.

If you're speaking about the look of the building, I suppose it's not easy to market an appartment at a higher price than competitors for the reason that it looks better from outside ;-) Unless you're going for something really iconic like the Sail. Even then, I think people are buying the prime location rather than the exterior design...

I suppose there are some exceptions: if we take an office building, I suppose Emirates and embassies would not have settled at Parkview Square if it was just Yet Another Office Building ;-) I can't think of any condominium like that, except maybe those faux Beaux Arts towers planned in Buenos Aires... But they are not even under construction now, so their success is not guaranteed.

uh, this looks worse than i think almost all developments today. its like hdb style.

The project doesnt seem to be selling well so far?

I dunno but it seems complete and yet 'closed' up.

^^

more info:

HK developers show their flair at S'pore launches

19 Oct 05

Cheung Kong, Wheelock making a splash this weekend

By ARTHUR SIM

(SINGAPORE) Hong Kongers do it with style.

While local property developers pussyfoot around their coming launches, two of Hong Kong's players, Cheung Kong Holdings and Wheelock Properties (linked to Hong Kong-based Wheelock & Company), will be launching their high-end developments this weekend at some of the year's highest prices.

Cheung Kong is officially launching the freehold 248-unit Cairnhill Crest at prices that will range between $1,369 and $2,148 per square foot (psf), and this is excluding the penthouses. There will also be a special 'investment plan', where the developer pays the monthly mortgage for three years if the buyer agrees to delegate full authority on all leasing issues within that period.

Some will recognise this as essentially a cross between a guaranteed rental plan and a buy-and-leaseback scheme, with deferred payment thrown in. Yet, packaged by these savvy Hong Kongers, it looks so much better.

Buyers pay a 10 per cent deposit and the next 10 per cent is deferred for a year. The developer pays everything for the first three years including property tax, maintenance and of course, the mortgage. Buyers even get to keep any surplus in rents.

Cheung Kong senior sales manager Francis Wong was adamant that this was not a guaranteed rental plan. 'In those plans, developers usually calculate the risk and price it into the property. With our investment plan, we are using market prices. The benefit of a completed project like ours is that it has a rental value and we are confident about the rental yield and returns,' he added. Cheung Kong says a conservative monthly rental return for Cairnhill Crest is $5.50 psf.

The developer hopes to move 100 units by year-end, so sales of Cairnhill Crest this weekend will be a crucial litmus test for Cheung Kong. Only 70 units have been sold so far despite having had soft launches and private previews since late-2003.

Of course, if this was a Wheelock development, the owners would not even be worried. The upmarket developer is well known for its luxury high-end products like Ardmore Park and Grange Residences.

For the official launch of the freehold 228-unit The Cosmopolitan in River Valley, Wheelock CEO David Lawrence said the company was 'not in a hurry to sell', and will be launching only about 50 units at around $1,220 psf. 'Our target is to sell 50 per cent of the development first, then reassess the price, perhaps, raising it by 5 to 8 per cent later,' he added.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-10-19/ashk19-215722.jpg

The Cosmopolitan will be launched without a showflat too, because Wheelock is 'under no pressure to sell'. 'All we want to do is produce sexy, desirable homes. We don't think about pricing,' he adds. Wheelock has already sold about 50 units through private previews.

This snobbish appeal is what makes some buyers 'collect' Wheelock properties and Mr Lawrence reveals that they have quite 'a following' who have bought into projects like Ardmore Park and Grange Residences. The only reason Wheelock is even launching at this time is that their regulars have made repeated requests. 'There is no panic to sell,' he reiterated.

Interestingly, the CEO also says that the majority of their buyers are local investors, 'not speculators'. Taking pains to differentiate their buyers from the riff-raff, he says: 'Our investors are people who have made money on the stock market and are now looking to put it into real assets. It's not speculation. It's investment - it's just a different asset class.'

Wheelock's next project will likely be the redevelopment of Habitat II, for which it paid a record price of $103.9 million. This site will be amalgamated with Ardmore View bought in 1999 to produce a new 110-unit luxury development.

^^
Wheelock's next project will likely be the redevelopment of Habitat II, for which it paid a record price of $103.9 million. This site will be amalgamated with Ardmore View bought in 1999 to produce a new 110-unit luxury development.

So they will demolish Habitat II ? Hmmm that's a bit sad, it's quite a cool building... Although nothing extraordinary :-)

yah...developers are ruthless if they can build more units...better get more pics of that 'unique' building before its gone ;-)

hi,
i have not posted much but have been lapping up all the juicy info and expert discussions that have been going on lately. many thanks for sharing all the info, interesting views and wonderful pics.

my hubby and i decided to take the plunge last year and we got ourselves a 1733sf mid-floor unit in the ugly looking cairnhill crest for slightly above 1500psf. i do believe we are sitting on some paper profits right now, but i have a pretty strong gut feel that the prices will continue to inch, and in some cases, gallop upwards. currently, our plans are to hold on to the unit till some time in 2008 before deciding whether to offload it and take the profits. in the event the tide should turn against us, i guess it's boo-hoo-hoo and just hold onto it.

i was wondering if members here can share your views as to how the upcoming and recently launched projects (esp in the orchard area) will affect prices in my vested development. merci beaucoup! :)

btw, thought i'd share with you the view from the unit (not exactly the best of views, given that it's not a high-floor unit):
http://img362.imageshack.us/img362/1905/dsc0061tn7.th.jpg (http://img362.imageshack.us/my.php?image=dsc0061tn7.jpg)

oops... can someone advise how i can make the image bigger? i'm using imageshack. thanks!

Use the following (replace *** by IMG )
[***]http://img362.imageshack.us/img362/1905/dsc0061tn7.jpg[/***]


http://img362.imageshack.us/img362/1905/dsc0061tn7.jpg

nice unobstructed view of the city skyline, and the conservation shophouses means nothing tall can be built there

What's on the site now?

thanks, wees.

nice unobstructed view of the city skyline, and the conservation shophouses means nothing tall can be built there

many of those are actually terrace houses while some are conserved shophouses (like you mentioned). i hope they stay that way. not sure if i can see fireworks from here? i have only been up once during the night and the view was really nice with all the lights of the office towers on... too bad no pics were taken then :(

redstone,
the pic's taken from a unit in cairnhill crest. this project is already completed. this devt is pretty hdb-like but the view i get from this place helps make up for its ugly structure :lol:

I think it may be possible to see the fireworks at the bay from there, judging from the angle...thats just my guess!

duckweed, thanks for the photo update.

Much appreciated as I personally place a high weightage on unobstructed view (compared to say,good food or convenience amenities). And in an area like Cairnhill, unless you own an unit or is an agent, such shots are "exclusive" and appreciated (because I can't simply go up to a nearby HDB and imagine how it hows like :lol: )

To many folks here who either own or have access to some exclusive units/development, commoners like me will be thankful if you can share with us a glimpse of your world from your room/balcony via photo posts. Thanks.

Personally, I believe Carnhill area is over-rated.

1. Bad traffic jam - unless you prefer to walk up and downhill to/from Orchard Road (even taxi driver told me they don't take booking for Carnhill Crest)
2. View - U can get even better view in River Valley or Newton or even Thomson
3. The value is driven by Indonesian who travel here. Close to Orchard Road and Mt Elizabeth Hospital for their medical checkup

You shall see those older apartments around Carnhill area, at least 30% indonesian, sometimes the units are occupied by their children who are studying in Singapore.

Personally, I believe Carnhill area is over-rated.

1. Bad traffic jam - unless you prefer to walk up and downhill to/from Orchard Road (even taxi driver told me they don't take booking for Carnhill Crest)
2. View - U can get even better view in River Valley or Newton or even Thomson
3. The value is driven by Indonesian who travel here. Close to Orchard Road and Mt Elizabeth Hospital for their medical checkup

You shall see those older apartments around Carnhill area, at least 30% indonesian, sometimes the units are occupied by their children who are studying in Singapore.

Hi okanenotatsujin,

How much psf do you think the apartments (e.g. Cairnhill Crest, Cairnhill Residences, Capitaland's "Silver Tower") in Cairnhill should be worth?

IMHO, if one stays at Cairnhill Crest, there's no need to drive to Orchard Road. There's a shortcut from the back via Hullet Road.

SI

Hi okanenotatsujin,

How much psf do you think the apartments (e.g. Cairnhill Crest, Cairnhill Residences, Capitaland's "Silver Tower") in Cairnhill should be worth?

IMHO, if one stays at Cairnhill Crest, there's no need to drive to Orchard Road. There's a shortcut from the back via Hullet Road.

SI

You need to ask the gurus around here, honestly I haven't no idea, although I have seen those places, it never cross my mind that I could be a proud owner there.

duckweed, thanks for the photo update.

Much appreciated as I personally place a high weightage on unobstructed view (compared to say,good food or convenience amenities). And in an area like Cairnhill, unless you own an unit or is an agent, such shots are "exclusive" and appreciated (because I can't simply go up to a nearby HDB and imagine how it hows like :lol: )

To many folks here who either own or have access to some exclusive units/development, commoners like me will be thankful if you can share with us a glimpse of your world from your room/balcony via photo posts. Thanks.

ayamani,
you are most welcome. glad to hear that you enjoyed it.

Personally, I believe Carnhill area is over-rated.

1. Bad traffic jam - unless you prefer to walk up and downhill to/from Orchard Road (even taxi driver told me they don't take booking for Carnhill Crest)
2. View - U can get even better view in River Valley or Newton or even Thomson
3. The value is driven by Indonesian who travel here. Close to Orchard Road and Mt Elizabeth Hospital for their medical checkup

You shall see those older apartments around Carnhill area, at least 30% indonesian, sometimes the units are occupied by their children who are studying in Singapore.

thanks for your comments and yes, i must admit that prior to getting a unit there, i also wondered why pple want to stay at places where traffic's a pain... just as well i'm not living there :nuts:

nowadays, i park my car there when i head to orchard for shopping/movies. can either take the not-so-nice route via cairnhill road or the rather pleasant and quiet stroll via emerald hill/hullet road to orchard.

and yup, heard that many units were bought by indonesians (and their penchant for closeness to mt e), but understand that there are also buyers from other parts of the world, including india and china.

i am not sure about the tenant mix, but so far, the pple using the pool are mostly the ang mohs and some japs.

thanks for your comments and yes, i must admit that prior to getting a unit there, i also wondered why pple want to stay at places where traffic's a pain... just as well i'm not living there :nuts:

nowadays, i park my car there when i head to orchard for shopping/movies. can either take the not-so-nice route via cairnhill road or the rather pleasant and quiet stroll via emerald hill/hullet road to orchard.

and yup, heard that many units were bought by indonesians (and their penchant for closeness to mt e), but understand that there are also buyers from other parts of the world, including india and china.

i am not sure about the tenant mix, but so far, the pple using the pool are mostly the ang mohs and some japs.

Hi duckweed,

What are your rental yields like? If I remember correctly, the developer of Cairnhill Crest was offering prospective buyers 3 years deferred payment or some kind of special payment scheme for this project a few years back. Can you tell me more about it please and when does this period end for most of the buyers?

I saw the showflat before the developer spent 30 million upgrading the lobbies so I'm also rather interesed to know what changes the developer has made to enhance the value of the project too. Any pictures of the lobbies? The original was, frankly, very disappointing.

SI

Hi duckweed,

What are your rental yields like? If I remember correctly, the developer of Cairnhill Crest was offering prospective buyers 3 years deferred payment or some kind of special payment scheme for this project a few years back. Can you tell me more about it please and when does this period end for most of the buyers?

I saw the showflat before the developer spent 30 million upgrading the lobbies so I'm also rather interesed to know what changes the developer has made to enhance the value of the project too. Any pictures of the lobbies? The original was, frankly, very disappointing.

SI
hi si,
the 3-yr scheme includes a 1yr deferred payment after initial 10%. think the scheme started around sep/oct05 and ended sometime last year, maybe around 3q2006 (not really sure). so, my guess is that those who do not want to proceed with the s&p are mostly the ones selling in the last couple of months and in the coming months.

the next part of the scheme includes payment of property tax & monthly maintenance for 3 years. from yr2 to yr3, owners will be paid a monthly rental rebate based on a pre-determined formula.

heard about the revamp, mostly on landscaping, i think. i did not view the project prior to the revamp, so cannot imagine what it looked like then. from your description, it sounded pretty yucky, ya? maybe if i had viewed it then, i too would not have purchased it :p. unfortunately, i don't have any pics of the present lobbies, but think there's a shot in the brochure. will scan and upload it for you later when i locate it.

i visited the light as well and still think the light had better overall internal feel/finishing. if i am not wrong, i think the light is attracting better rental yield. not sure how true but agents from both light and cc say that quite a big number of their units are bought by investment bankers.

btw, we had our kitchens re-done too, after the units were purchased. not sure if this is supposed to up the value of the unit? i don't really cook, so cannot understand this bit.

after deducting all costs (monthly maintenance, property tax, agent fees, misc expenses, furnishing costs, loan interest), yields are a low 2%. hehe.. come to think of it, it's quite an embarassing figure given how rental rates are climbing lately.

reason why we got the unit was because we felt there was a good chance for capital appreciation and also because we liked the view from the unit. guess if we had more $$, should have gone for a higher floor unit. view's really much nicer.

unfortunately, i don't have any pics of the present lobbies, but think there's a shot in the brochure. will scan and upload it for you later when i locate it.

after deducting all costs (monthly maintenance, property tax, agent fees, misc expenses, furnishing costs, loan interest), yields are a low 2%. hehe.. come to think of it, it's quite an embarassing figure given how rental rates are climbing lately.

reason why we got the unit was because we felt there was a good chance for capital appreciation and also because we liked the view from the unit. guess if we had more $$, should have gone for a higher floor unit. view's really much nicer.

Hi duckweed,

I can't wait to see the pictures in the brochure. However, will it be possible for you to create a new thread in the completed projects section for this please? I think we have diverged from the main topic for too long and it will be best this thread be used to discuss matters on Cairnhill Residences.

I do not understand how your figure (i.e. 2%) was derived. Anyhow, I'm going to assume you have a nett 2% p.a. gain for the next 3 years. I think that's an excellent achievement especially for a development like Cairnhill Crest.

I have seen the view from the penthouse. It is nice and I'm near certain you can see fireworks from the padang/marina bay whenever there's a celebration.

As long as the property market momentum stays at this rate and does not decline, you will be very happy with your investment at the end of 3 years.

Good luck and thank you for sharing this information with me. I appreciate it. :)

SI

Hi duckweed,

I can't wait to see the pictures in the brochure. However, will it be possible for you to create a new thread in the completed projects section for this please? I think we have diverged from the main topic for too long and it will be best this thread be used to discuss matters on Cairnhill Residences.

I do not understand how your figure (i.e. 2%) was derived. Anyhow, I'm going to assume you have a nett 2% p.a. gain for the next 3 years. I think that's an excellent achievement especially for a development like Cairnhill Crest.

I have seen the view from the penthouse. It is nice and I'm near certain you can see fireworks from the padang/marina bay whenever there's a celebration.

As long as the property market momentum stays at this rate and does not decline, you will be very happy with your investment at the end of 3 years.

Good luck and thank you for sharing this information with me. I appreciate it. :)

SI

hi si,
thanks for the ot reminder and well-wishes. here's the lobby pic for you from the brochure. is it different from the one you saw earlier?
http://img207.imageshack.us/img207/5750/cclobbydl6.jpg

rafflescity,
sorry for hopping onto this thread to discuss about cairnhill crest, and going ot. i have created another thread here: http://www.skyscrapercity.com/showthread.php?p=11647402#post11647402 under the completed section. can you kindly help move the earlier posts (from #12 onwards) to this new thread?

many thanks!

rafflescity,
sorry for hopping onto this thread to discuss about cairnhill crest, and going ot. i have created another thread here: http://www.skyscrapercity.com/showthread.php?p=11647402#post11647402 under the completed section. can you kindly help move the earlier posts (from #12 onwards) to this new thread?

many thanks!

No worries...moved...there are also some much earlier posts on this that I will move into this thread :)

hi si,
thanks for the ot reminder and well-wishes. here's the lobby pic for you from the brochure. is it different from the one you saw earlier?


Hi duckweed,

You are welcome. :)

Yes and it's more befitting of a luxury apartment now.

Thank you.

SI

Hi okanenotatsujin,

How much psf do you think the apartments (e.g. Cairnhill Crest, Cairnhill Residences, Capitaland's "Silver Tower") in Cairnhill should be worth?

IMHO, if one stays at Cairnhill Crest, there's no need to drive to Orchard Road. There's a shortcut from the back via Hullet Road.

SI

I have one unit at Cairnhill Crest for sale at only $1699 psf and size is 1733 sqft (3 bedrooms and study). Wow! So Cheap! Grab! Why buy east coast! You can walk to Takashimaya and Paragon in 5 minutes.

Project Name-CAIRNHILL CREST
Developer-Glenfield Investments Pte Ltd(Property Enterprises Development (Singapore) Pte L)
Property Type-Condominium
Tenure - Freehold
Total Units - 248
Completion Date - Dec-2004
District - 9

1 bedroom / Studio (818 - 1130sf)
2 bedroom (1206 - 1938sf)
3 bedroom (1701 - 2971sf)
4 bedroom (1970 - 2960sf)
Penthouse (2422 - 3057sf)
5 bedroom (3466sf)
7 bedroom (3940 - 4026sf)

http://www.virtualhomes.sg/FileUpload/Project/40/Images/ex.jpg

http://www.virtualhomes.sg/FileUpload/Project/40/Images/in.jpg

http://www.virtualhomes.sg/FileUpload/Project/40/Images/in11.jpg

http://www.virtualhomes.sg/FileUpload/Project/40/Images/in2.jpg

http://www.virtualhomes.sg/FileUpload/Project/40/Images/in3.jpg

http://www.virtualhomes.sg/FileUpload/Project/40/Images/floor_type1.jpg

http://www.virtualhomes.sg/FileUpload/Project/40/Images/floor_type2.jpg

>>>>click here for more floor plans>>>>>> (http://www.virtualhomes.sg/cairnhillcrest)

More iNfo from Cairnhill Crest (http://www.virtualhomes.sg/cairnhillcrest)

:)

I have one unit at Cairnhill Crest for sale at only $1699 psf and size is 1733 sqft (3 bedrooms and study). Wow! So Cheap! Grab! Why buy east coast! You can walk to Takashimaya and Paragon in 5 minutes.

Already got at least 1 transacted below this level. Only 15% off peak levels is not low enough yet.

what's the difference between studio and 1 bedroom ?

is this one in 2004 with advertisement of half naked model in bathtub at showroom and selling with guaranteed rental for first 2 years ?

was it selling $1200psf in 2004 ?

what's the difference between studio and 1 bedroom ?

is this one in 2004 with advertisement of half naked model in bathtub at showroom and selling with guaranteed rental for first 2 years ?

was it selling $1200psf in 2004 ?

You are darn right. I was there for my industrial attachment in 2002 when they were building it. Remembered the Main Con people were in awe whenever they saw those prospective buyers going over to show flat to view. Market was very weak then, generally most people dare not buy. Those who went to view the units must be really somebody

Yes....price is now $1450 psf only for a 3 bedroom of size 1733 sqft. Units have unobstructed view of Emerald hills and Orchard Road. Let me know if you are keen.

Yes....price is now $1450 psf only for a 3 bedroom of size 1733 sqft. Units have unobstructed view of Emerald hills and Orchard Road. Let me know if you are keen.

IS that still the asking price?

IS that still the asking price?

The asking is about 2k psf now, in anticipation of rising property prices and with the two casinos opening the doors next year.

Project Name: THE LAURELS
Developer: Sing Holdings (Cairnhill) Pte. Ltd
Property Type: Condominium
Tenure: Freehold
Completion Date: 30 Sept 2014
Total Units: 229
District No: 9

http://www.virtualhomes.sg/FileUpload/Project/3088/Images/the_laurel_001.jpg

http://www.virtualhomes.sg/FileUpload/Project/3088/Images/the_laurel_site.jpg

http://www.virtualhomes.sg/FileUpload/Project/3088/Images/the_laurel_e1.jpg

http://www.virtualhomes.sg/FileUpload/Project/3088/Images/the_laurel_type1A.jpg


>>> Click here for more info and floor plans >>> (http://www.virtualhomes.sg/ProjectWebsites/Maroon/PhotoGallery.aspx?id=3088)

.

3 large condos on 3 large plots, side by side developed together.

So many new condo towers rising in Orchard in the past 5 years. :nuts:

http://www.urbansuitescondo.net/floor-plan/

http://www.urbansuitescondo.net/images/Urban%20Suites_floor%20plans%20type-B2.jpg

That's some huge balconies...

http://www.urbansuitescondo.net/images/Urban%20Suites_floor%20plans%20type-A.jpg
Private lift.

http://www.urbansuitescondo.net/images/Urban%20Suites_floor%20plans%20type-C2.jpg
Huge balcony, almost like an exterior living room, great views all around.

The Laurels @ Cairnhill (District 9)

(Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information!)

http://www.condoexpert.sg/wp-content/uploads/2010/11/the-laurels.jpg

Summary

Developer : Sing Holdings Pte Ltd.
Est. TOP : Mid to End 2013
District : 9 (Cairnhill)
Est. Quantum Price : From $3+Mil Up (2+Study)
Location : 38 Cairnhill Road
No. Of Towers : 2
Tenure : Freehold
No. Of Storey : 19
Site Area : 78,047 sqft
No. Of Units : 229
Main Orientation : North South Facing
Units Composition : 1,2,2+Study,3,4 Bedrooms and Penthouse Distance to MRT : 10 Mins Walk to Somerset
Buyers Eligibility : Locals/PRs/Foreigners
Payment Scheme : Normal Progressive
Primary Schools within 1km : Chatsworth International

Unit Types and Sizes

(No. of Units - Size (sqft))1 Bedroom
45 - 549 / 667 / 721

2 Bedrooms
60 - 883

2+ Study
30 - 1001 / 1345

3 Bedrooms
75 - 1281 to 1927

4 Bedrooms
15 - 1819 / 2573

Penthouses
4 - 4768

Total Units : 229

Facilities

Swimming Pool
Jacuzzi
Sky Terrace
Children Playground
BBQ pit
Function Room
Gymnasium
Tennis Court

Facilities

http://www.condoexpert.sg/wp-content/uploads/2010/11/the-laurels-facilities.jpg

Interior

http://www.condoexpert.sg/wp-content/uploads/2010/11/the-laurels-interior.jpg

Site Map

http://www.condoexpert.sg/wp-content/uploads/2010/11/the-laurels-site-map.jpg

Street Map

http://www.condoexpert.sg/wp-content/uploads/2010/08/Laurels-Street-Map.jpg

Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information on The Laurels as well as for other new launch condos!

Took some pics of Urban Suites today:
http://farm9.staticflickr.com/8093/8598152728_9e4eae710a_b.jpg (http://www.flickr.com/photos/73142903@N05/8598152728/)
Urban Suites Singapore (http://www.flickr.com/photos/73142903@N05/8598152728/) by artifiedme (http://www.flickr.com/people/73142903@N05/), on Flickr
http://farm9.staticflickr.com/8520/8598151754_66aeeea961_b.jpg (http://www.flickr.com/photos/73142903@N05/8598151754/)
Urban Suites Singapore (http://www.flickr.com/photos/73142903@N05/8598151754/) by artifiedme (http://www.flickr.com/people/73142903@N05/), on Flickr