Capitaland Singapore has previously bought from its own subsidiary Somerset Grand Cairnhill for $359 million to redevelop the property. Plans are underway to redevelop the property and then sell it back to Ascott Residences Trust for $405 million. Capitaland has also agreed to pay $160 million to $180 million to renew the lease to 99 years in order to redevelop the property.
A look at the recent transactions indicate that the Orchard condominiums around Cairnhill can sell for around $2,500 – $3,500 psf. The average indicative Altura EC price listed below shows at Cairnhill Nine is selling only from around $2,300 psf which indicate that Cairnhill Nine might be selling more attractively compare to others. The Orchard area remains a highly attractive area to look at due to its cosmopolitan nature as well as many shopping centres which makes it a very vibrant area to live in. Please kindly see below for the indicative pricing from the developer. The full pricing for Cairnhill Nine Capitaland will be available on the booking date.
| Unit Type | Units | Area (sqm) | Area (sqft) | Price Range ($mil) |
| 1 Bedroom (Type A) | 47 | 55 – 73 | 592 – 786 | $1.35 – $1.71 |
| 1 Bedroom + Guest (Type B) | 90 | The Myst CDL style=”font-size: 12pt;”>68 – 90 | 732 – 969 | $1.60 – $2.11 |
| 2 Bedroom (Type C) | 38 | 96 – 123 | 1,033 – 1,324 | $2.49 – $2.99 |
| 2 Bedroom + Guest (Type D) | 63 | 96 – 123 | 1,033 – 1,324 | $2.56 – $3.06 |
| 4 Bedroom (Type E) | 22 | 142 – 187 | 1,528 – 2,013 | $3.68 – $4.02 |
| Penthouse (Type F & G) | 8 | 223 – 359 | 2,400 – 3,864 | $5.80 – $6.67 |
| Total | 268 |
