Developer acquires more land in Cairnhill, eyes bigger redevelopment site

After a successful bid of $362m for Cairnhill Mansions collective sales. Glopeak Development, a unit of Singapore-listed property developer Low Keng Huat, has agreed to purchase several pieces of freehold residential land adjacent to the Cairnhill Mansions en bloc site for $100 million, according to an SGX filing on Thursday (7 June). Klimt Cairnhill at Carinhill Road will be a luxury freehold development in District 9 with 220 units in the Central Area URA Masterplan.

Source: https://www.propertyguru.com.sg/property-management-news/2018/6/172521/developer-acquires-more-land-in-cairnhill-eyes-bigger-redevelopment-site

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