Singaporean Mr Siah had been house-hunting for several months before zeroing in on an 829 sq ft, two-bedroom unit at Klimt Cairnhill. He finalised the purchase at $2.65 million ($3,197 psf) on April 27 — the day the property cooling measures kicked in. As this is his first home purchase, Siah, in his mid-20s, will be spared from paying additional buyer’s stamp duty (ABSD).Klimt Cairnhill is a 138-unit, freehold luxury condo by listed property developer and construction group Low Keng Huat. The 3
Singaporean Mr Siah had been house-hunting for several months before zeroing in on an 829 sq ft, two-bedroom unit at Klimt Cairnhill. He finalised the purchase at $2.65 million on April 27 — the day the property cooling measures kicked in. As this is his first home purchase, Siah, in his mid-20s, will be spared from paying additional buyer’s stamp duty .
Anglo-Malayan-style bungalow built in the early 1900s that will be conserved and transformed into Klimt Cairnhill's clubhouse The facade of the 36-storey tower was designed by DP Architects and inspired by Austrian artist Gustav Klimt Klimt Cairnhill was soft-launched in August 2021 during the pandemic. It was relaunched on Jan 3. Wealthy Chinese swept up many of the four-bedroom apartments after China reopened its international borders on Jan 8.
This could explain why the sales gallery of Klimt Cairnhill on Leonie Hill continued to buzz after the cooling measures kicked in. According to Teo, visitors were a mix of Singaporeans, permanent residents , foreign nationals and Asian Americans. Despite the cooling measures, three units found buyers after April 27: Siah, the Singaporean, purchased a two-bedroom unit; a Korean American citizen bought a 1,496 sq ft, three-bedroom unit; and a Singapore PR purchased a 1,432 sq ft, three-bedroom unit. Only the PR has to pay a 5% ABSD for his first home in Singapore.
At 1,432 sq ft to 1,496 sq ft, the three-bedders at Klimt Cairnhill are more spacious than the four-bedders in new project launches in the city fringe and suburbs today, notes Teo of Low Keng Huat.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three-bedder at Casabella sold for $1.69 mil gainSINGAPORE (EDGEPROP) - The sale of a unit at Casabella, a freehold condo along Duchess Avenue, was the most profitable condo resale transaction recorded during the week of April 25 to May 2. The 1,292 sq ft, three-bedroom unit fetched $2.66 million ($2,059 psf) on April 27. It had been purchased for about $975,000 ($755 psf) in August 2005 from the developer. This means the seller made a gain of $1.69 million (173%) over a holding period of nearly 18 years.This marks a new psf-price high for Cas
Read more »
3 cases of Zika reported in KovanSINGAPORE: The National Environment Agency (NEA) on Friday (May 12) reported three local cases of Zika virus infection in Kovan. All three cases either live in Kovan or work in the area, the agency said in a news release.
Read more »
Lukaku double as Inter close on top four with win over Sassuolo:Two goals by striker Romelu Lukaku helped Inter Milan to a 4-2 win over mid-table Sassuolo in Serie A on Saturday, lifting them up to third with three games remaining in the season.Lukaku, Lautaro Martinez and Sassuolo defender Ruan Tressoldi's own goal put the hosts three goals up by the hour mark but the v
Read more »
Bais wins stage seven of Giro after gruelling climbDavide Bais of Eolo-Kometa won a gruelling stage seven of the Giro d'Italia on Friday after leading a three-man breakaway, beating Karel Vacek and Simone Petilli to the finish line for the first victory of his career.The seventh stage was one for the climbers on a 218-km ride from Capua to Gran Sasso d'It
Read more »
Chelsea must respect Forest team 'fighting for their lives', says LampardChelsea's season may be over with nothing left to fight for but manager Frank Lampard said on Friday that he is wary of Nottingham Forest who are still involved in a relegation battle.Forest are 16th with 33 points, three points above the relegation zone. Steve Cooper's side have been in and out of the dr
Read more »
3 Zika cases detected in Kovan; doctors urged to test patients for the virusThree people who live or work in Kovan have been found to be infected with the Zika virus, the authorities said on Friday, in what are the first cases of
Read more »