Cairnhill Mansions, Riviera Point finally sold in en bloc deals

WEDNESDAY saw the successful en bloc sales of two prime Singapore property developments.

Riviera Point, at 2 Kim Yam Road, was sold for S$72 million to the Macly Group, a Singapore property developer.

Cairnhill Mansions, at 69 Cairnhill Road, was sold to Singapore-listed property developer Low Keng Huat for S$362 million. This was the fifth time it was put up for an en bloc sale.

The freehold development in prime district 9 had been launched for collective sale in October, at the asking price of S$362 million, which works out to S$2,311 per sq ft per plot ratio (psf ppr). The development,…