Unit at The Peak @ Cairnhill I on the market for $1.6 mil

EdgeProp Singapore

January 26, 2022

SINGAPORE (EDGEPROP) - A one-bedroom unit at The Peak @ Cairnhill I, located along Cairnhill Circle in District 9, is for sale under private treaty at $1.6 million ($2,360 psf). This is according to Edmund Tie, which has been appointed marketing agent by the bank handling the mortgagee sale.

The freehold property on the fifth floor of the development spans 678 sq ft, says Joy Tan, senior director, head of auction and sales at Edmund Tie. The unit is in a “well kept condition and the new owner will not need to spend much on renovations, especially if it is for rental purposes”, she adds.

The unit has a simple and functional layout, with a “good-sized” living area and bedroom which can accommodate a kingsized bed, she adds. The household shelter serves as added storage space and there is also a study area, conducive for those who work from home.

Similar-sized units at the development have fetched between $2,600 and $3,200 last year, based on URA caveats lodged. The unit on the market has “potential capital appreciation as prices in the core central region are soaring above $3,000 psf”, says Tan.

Read more at: https://www.edgeprop.sg/property-new...-market-16-mil