| Project Name | Klimt Cairnhill |
| Address of Development | Cairnhill Road |
| Project Developer | Glopeak Development (A Subsidiary of Low Keng Huat) |
| Tenure | Freehod Development |
| District | 09 |
| Land Size | 43,103 sqft |
| Gross Floor Area | 156,581 sqft |
| No of Blocks | To Be Advised |
| No of Storeys | To Be Advised |
| No of Units | Approximately 220 Units |
| TOP | To Be Advised |
In total, three bidders submitted concept proposals for the project. One was from Far East Organization while the others were from Sino Group and Allgreen Properties. One of these developers is a joint venture between Wing Tai Holdings and Perpetual (Asia).
The Reserve Residences will be a new condominium project located near the upcoming Beauty World MRT Station. The development, by Sino Group and the Far East Organization, will feature public transportation hubs, retail space, and a hotel. Residents will have easy access to the nearby mall and educational institutions. Whether you live in the condo or plan to rent a unit, you’ll have easy access to all the amenities in the area.
The concept of the Reserve Residences will span 3.22 acres, including an 8-acre plaza, 20,000 square metres of retail space, and civic and business spaces. The winning bid was S$1.028 billion, which translates to $989 per square foot. The developer’s concept proposal is a fusion of traditional and modern architecture. The project’s design is still in the conceptual phase, but it will likely be built according to zoning requirements.
The Reserve Residences for Sale Beauty World MRT Station is located right near the condo. Residents will have convenient access to the MRT, the beauty world shopping mall, and other amenities. This development is expected to be finished in 2022. It will be home to about 700 luxury units, 150 serviced apartments, and about 20,000 square meters of retail space. Located near the upcoming Beauty World MRT station, The Reserve Residences will be a prime choice for those who work in the GLS district and need easy access to public transport and other amenities.
Klimt Cairnhill by Low Keng Huat
Klimt Cairnhill is located at Cairnhill Road by developer Low Keng Huat Construction. The development is bought under the subsidiary Glopeak Development that the development consist of 2 adjacent plots of land of lots 836C and 844T of Town Subdivision 27. The development will consist of both plots of land combined together.
Low Keng Huat and their subsidiary Glopeak Development have been very busy lately purchasing and developing various Singapore properties. They recently made two extremely important purchases, and these properties are both located on Cairnhill Road. One of their most important acquisitions would be at 67 Cairnhill Road, which is a subdivision that is currently zoned for residential use within Singapore. This property development company will be looking forward to continuing to utilize this property for rental purposes, providing living space to the growing Singapore population. The property was purchased along with two adjacent lots with the numbers 836C and 844T for the price of S$100 million. According to the 2014 Master Plan of the Urban Redevelopment Authority, this property has a 2.8 gross plot ratio.
Klimt Cairnhill Location Near to Amenities
The property has a land area of 1,83 square metres and is situated directly across from another important Low Keng Huat acquisition, that of the Cairnhill Mansion property located at 69 Cairnhill Road. This property was purchased by Low Keng Huat in February 2018 for S$362 million. At the time, Low Seng Huat had intended to redevelop the property into a residential apartment that was capable of holding at least 200 living units. First things first, however. They had to contract with their subsidiary Glopeak in order to finalize the deal, and they started on that process on March 12, 2018. They proceeded to start the difficult task of getting the sale approved. However, even if they can’t get the stamp of approval, they have a back-up plan. Of course, they will be disappointed if the Strata Titles Board doesn’t approve the sale, but they will instead develop the area into a small apartment complex of about 55 units.
Attributes of Reputable Developer
This is just the latest in a long line of property development activities of this company. Low Keng Huat not only does property development, but they also do construction and investments. Additionally, they are now one of Singapore’s premier companies in all of these fields. They have gradually built this track record since their inception in 1969. They started off as just a property development firm, but they are every bit as well-known for apartments and hotels. They are very proud of their investment portfolio, which is not only in Singapore, but it also has many different sites in Malaysia and China.
Low Keng Huat has also engaged in multiple notable construction projects over the years, including the People’s Park Complex; the OCBC Centre, which at one time was Singapore’s tallest building; the redevelopment of the CHIJMES property from an abandoned Catholic convent into a well-known landmark and business center; and completion of the Hard Rock Hotel and Convention Centre. They also have received several “Construction Excellence” awards over the years. There is no question that the future remains bright for this real estate development, and they will continue to make their mark on the already-impressive Singapore skyline.