New Genuine Listing!
From the same developer from the sold out 8 @ St Thomas, The Atelier, Watercove, Nim Collection, Lexus Hill, Liv @ MB and the current 8 @ BT (99 years leasehold), averaging $3,027 psf for their 1 bedroom.
Vermont @ Cairnhill is on the fringe of prime district 9 if you have not realized. Freehold investment with close proximity to the Newton MRT Station and touristy Newton hawker centre.
Recent GLS bids are already coming in ABOVE Vermont land cost:
New Upper Changi: $1,537 psf ppr
Lorong Puntong: $1,612 psf ppr
The nearby Peck Hay Road GLS site attracted a top bid of $542.4m, equivalent to about $1,865 psf ppr for the land alone, which is the second-highest residential GLS land rate on record.
Based on this land cost, property consultants are already estimating that the future development could be launched at an average of around $3,400–$3,550 psf.
This gives some useful perspective when looking at the current asking prices at Vermont. While they are different developments and tenure, the high land price being paid for a new 99-year site nearby does show where replacement costs and future new-launch pricing in the Newton/Cairnhill vicinity may be heading.
Yet you can still enter Vermont @ Cairnhill with:
6 mins stroll to Newton MRT,almost fully sheltered.
Pool view and morning sun is the one of the best attributes for unit.
wa.me/6.5.9.1.0.8.5.1.1.5 Linus Tay
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