Freehold Trendale Tower up for sale at $168m via public tender

The guide price translates to a land rate of about $2,248 per square foot per plot ratio.

Trendale Tower, a freehold residential development at 79 Cairnhill Road, is up for sale via public tender at a guide price of $168m.

The guide price translates to a land rate of about $2,248 per square foot per plot ratio, after factoring in a 7% bonus gross floor area for balconies, according to marketing agent Knight Frank Singapore.

The 20-storey development comprises 18 apartment units on a freehold site of about 21,709 square feet.

Knight Frank said the site can be redeveloped into a boutique luxury residential project for sale, or as a Serviced Apartment 2 scheme supported by the Urban Redevelopment Authority (URA).

“For investors who would rather hold than sell, URA's indication of support for a Serviced Apartment 2 scheme allows the entire block to be retained for recurring income,” Dayna Ang, senior manager at Knight Frank Singapore, said.

The property is located near Orchard Road and Newton, particularly the Newton MRT interchange station, which serves the North-South and Downtown lines.

It is also close to HealthCity Novena, schools, medical facilities, restaurants and other amenities in Orchard, Novena, and Newton.

The public tender will close at 3 pm on 23 October.

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