# Trendale Tower Returns To Market At $168M With SA2 Option

- **Source:** Stacked Homes
- **Published:** 2026-09-17T11:33:57.000Z
- **Author:** Sabrina Lee
- **Original:** https://stackedhomes.com/cairnhill-condo-failed-sell-en-bloc-3-times-back-on-the-market-for-168m/
- **Topics:** Private Residential, Government & Policy, Transactions & Deals

## Featured rationale

The SA2 option may widen demand beyond residential developers to long-term accommodation operators and family offices seeking recurring income from a freehold District 9 block.

## AI summary

Trendale Tower has launched its fourth collective-sale attempt at $168 million, with redevelopment now potentially including an SA2 scheme subject to approval.

## Original article

Trendale Tower is back on the market with its latest collective sale attempt, now with a guide price of $168 million. It is the first time that the potential redevelopment plans for the 21,709 sq ft plot at 79 Cairnhill Road includes an option for a Serviced Apartment 2 scheme.

This is the fourth time that the owners of the freehold development have attempted a collective sale of the project. A previous attempt in 2023 – at the same guide price of $168 million – ended without a successful buyer.

The development was put up for sale in 2022 with a guide price of $178 million, as well a previous attempt in 2018 that pegged the property at a guide price of $163.5 million. Both attempts ended without a successful buyer.

The previous collective sale attempts coincided with new property cooling measures and heightened development costs that elevated the overall risk profile of enbloc sales by private property developers.

Some market watchers also observed that there was a gap in price expectations between enbloc sellers and property developers, especially after new property cooling measures were rolled out in 2018 and 2021.

The current guide price of $168 million for Trendale Tower, which sits on a 21,709 sq ft site and a gross floor area of approximately 72,691 sq ft, works out to about $2,248 psf per plot ratio (ppr) – and that number factors in the 7% bonus balcony space.

The freehold Trendale Tower is a 18-unit development that was completed in 1984. (Map: URA)

The collective sale attempt this time around comes with a new option – if the site is redeveloped – for the new property to feature a Serviced Apartment 2 (SA2) scheme.

According to Knight Frank Singapore, the sole marketing agent for the collective sale of Trendale Tower, URA has indicated that it would support an Outline Planning Permission for the proposed SA2 use, subject to approvals.

Knight Frank also added that there is a possible remission of Additional Buyer Stamp Duty for Serviced Apartment use.

The housing typology, a long-stay serviced accommodation concept introduced by URA in December 2023, allows investors to retain an entire residential block for recurring income and long-term capital preservation. SA2 residences require tenants to stay a minimum of three months, and sit between longer term rentals and short term hospitality stays.

The scheme was recently used by Royal Group when it unveiled its redevelopment plans for 11 Claymore Road. The developer bought the former bungalow site for $75 million last year. The redeveloped site will feature a long-stay serviced apartment project comprising approximately 100 apartments.

Dayna Ang, Senior Manager at Knight Frank Singapore, says that if Trendale Tower is redeveloped into a new luxury condominium, the project would come to market against a limited pipeline in District 9. She adds: “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”.

The freehold site could be redeveloped into a new luxury project, or a SA2 scheme development. (Picture: Street Directory)

The collective sale of Trendale Tower also comes at a time where plans to reposition Newton into a higher-density city fringe residential precinct have been unveiled by the government.

Melvin Chay, Senior Director at Knight Frank Singapore, points out that the master plan for Newton outlines approximately 5,000 new private and public homes over the next decade, and just over 650 have been committed so far.

The roads earmarked for redevelopment include Monks Hill, Newton Circus, and Scotts Road. Find out how the area will evolve, and the plans that have been revealed, in this article.

Two government land sale sites in the vicinity have been awarded so far. Last November, a site along Bukit Timah Road and next to Newton MRT Interchange was awarded to HH Investment, after it put in the top bid of $566.292 million ($1,820 psf ppr).

Thereafter, a site at Peck Hay Road was awarded to City Developments Ltd (CDL) after the developer submitted the top bid of $542.4 million ($1,865 psf ppr) for the plot in June this year.

“Trendale Tower offers incoming purchasers the opportunity to be a first mover in a fast rejuvenating precinct,” says Chay, adding that the option for an SA2 scheme could attract private investors, family offices, hospitality investors and accommodation operators.

“We expect interest from residential developers, from private investors and family offices looking to hold an entire freehold block for wealth preservation and recurring income, and from operators in the growing long-stay serviced accommodation segment,” he says.

The tender for the collective sale of Trendale Tower closes on October 23.

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## Chinese translation

> Translation model: openai_codex_cli

### Trendale Tower以1.68亿新元重返市场，并提供SA2选项

Trendale Tower以1.68亿新元重返集体出售市场，目前可选择改建为Serviced Apartment 2项目，此前自2018年以来三次招标均告失败。

Trendale Tower以最新一次集体出售尝试重返市场，目前指导价为1.68亿新元。这是位于79 Cairnhill Road、面积21,709平方英尺地段的潜在重建计划首次纳入Serviced Apartment 2方案选项。

这是该永久地契项目业主第四次尝试集体出售。此前于2023年的一次尝试——指导价同样为1.68亿新元——未能找到成功买家。

该发展项目曾于2022年以1.78亿新元指导价推出出售，另有一次2018年的尝试将该物业指导价定为1.635亿新元。两次尝试均未找到成功买家。

此前的集体出售尝试正逢新的房地产降温措施以及开发成本上升，使私人房地产开发商参与en bloc集体出售的整体风险状况提高。

一些市场观察人士也指出，en bloc集体出售卖方与房地产开发商之间存在价格预期差距，尤其是在2018年和2021年新房地产降温措施推出之后。

Trendale Tower目前1.68亿新元的指导价，按其21,709平方英尺地段和约72,691平方英尺总楼面面积计算，约相当于每平方英尺地积比率（ppr）2,248新元——该数字已计入7%的额外阳台面积。

永久地契Trendale Tower为一个18个单位的发展项目，于1984年竣工。（地图：URA）

此次集体出售尝试带有一个新选项——若该地段重建，新物业可采用Serviced Apartment 2（SA2）方案。

据Trendale Tower集体出售的唯一营销代理Knight Frank Singapore称，URA已表示，在取得批准的前提下，将支持拟议SA2用途的概要规划许可。

Knight Frank还补充称，服务式公寓用途可能可获得额外买方印花税减免。

这种住宅类型是URA于2023年12月推出的长期住宿服务式住宿概念，允许投资者保留整栋住宅楼，以获取经常性收入并实现长期资本保值。SA2住宅要求租户最短入住三个月，定位介于较长期租赁与短期酒店住宿之间。

Royal Group近期公布其11 Claymore Road重建计划时采用了该方案。该开发商去年以7500万新元购入前洋房地段。重建后的地段将发展为一个长期住宿服务式公寓项目，包含约100套公寓。

Knight Frank Singapore高级经理Dayna Ang表示，如果Trendale Tower重建为新的豪华公寓项目，该项目将在第9邮区供应有限的背景下入市。她补充说：“对于宁可持有而非出售的投资者，URA对Serviced Apartment 2方案表示支持，使整栋楼得以保留，用于产生经常性收入”。

该永久地契地段可重建为新的豪华项目，或SA2方案发展项目。（图片：Street Directory）

Trendale Tower的集体出售也正值政府公布将Newton重新定位为更高密度城市边缘住宅区的计划之际。

Knight Frank Singapore高级董事Melvin Chay指出，Newton的总体规划勾勒出未来十年约5,000套新的私人和公共住宅，目前仅承诺落实略高于650套。

被指定重建的道路包括Monks Hill、Newton Circus和Scotts Road。请在本文中了解该地区将如何演变，以及已公布的计划。

附近已有两个政府售地（GLS）地段完成批出。去年11月，Bukit Timah Road沿线、Newton MRT Interchange旁的一个地段批给HH Investment，此前其提交了最高出价5.66292亿新元（每平方英尺地积比率1,820新元）。

此后，Peck Hay Road的一个地段在今年6月由City Developments Ltd（CDL）以最高出价5.424亿新元（每平方英尺地积比率1,865新元）竞得。

“Trendale Tower为入场买家提供了在一个快速焕新的区域率先布局的机会，”Chay表示，并补充说，SA2方案选项可能吸引私人投资者、家族办公室、酒店业投资者和住宿运营商。

“我们预计住宅开发商、希望持有整栋永久地契楼宇以实现财富保值和经常性收入的私人投资者与家族办公室，以及不断增长的长期住宿服务式住宿领域运营商，都将表现出兴趣，”他说。

Trendale Tower集体出售招标将于10月23日截止。

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