Cairnhill Crest (20x3)

[okanenotatsujin]

Originally Posted by SmallInvestor

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]

Originally Posted by ayanami

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 )

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.

[duckweed]

Originally Posted by okanenotatsujin

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

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.

[SmallInvestor]

Originally Posted by duckweed

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

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

[duckweed]

Originally Posted by SmallInvestor

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.

[SmallInvestor]

Originally Posted by duckweed

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

[duckweed]

Originally Posted by SmallInvestor

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?

[duckweed]

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/showth...2#post11647402 under the completed section. can you kindly help move the earlier posts (from #12 onwards) to this new thread?

many thanks!

[RafflesCity]

Originally Posted by duckweed

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/showth...2#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

[SmallInvestor]

Originally Posted by duckweed

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

[luxemarkus]

Originally Posted by SmallInvestor

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.

[moonk123]

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)















>>>>click here for more floor plans>>>>>>

More iNfo from Cairnhill Crest

[overlorden]

Originally Posted by luxemarkus

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.

[Baby]

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 ?

[lincholia08]

Originally Posted by Baby

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

[luxemarkus]

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.

[vinl]

Originally Posted by luxemarkus

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?

[mathcasey]

Originally Posted by vinl

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.