Trendale Tower, a freehold apartment at 79 Cairnhill Road did not attract any bids for its collective sale at the reserve price of S$178 million.
The 20-storey apartment houses 18 spacious residential units of 298 square metres each, which works out to S$2,386 per plot ratio after factoring in the 7 per cent bonus gross floor area for balconies.
Completed in 1982, the residential development is 400m from Newton MRT station and 600m from the Orchard Road shopping belt
Savills is the exclusive marketing agent for Trendale Tower when it was put up for sale in August this year.
Trendale Tower was previously put up for collective sale in May 2018 at a lower reserve price of S$163.52 million, however there were no en bloc buyers too.
Trendale Tower has a verified GFA of 72,691 square feet and sits on a land area of approximately 21,708 sq ft.
It is zoned “residential” under the Urban Redevelopment Authority’s 2019 Master Plan with an allowable gross plot ratio of 2.8 so the height control is a maximum of 36 storeys.
Land Transport Authority does not require any pre-application feasibility study for this site redevelopment as long as it is not more than 103 units.
Residents of Trendale have access to schools like Anglo-Chinese School (Primary), Anglo-Chinese School (Primary) and EtonHouse International Pre-School, which are situated within 1 kilometre of the property.