Cavenagh Fortuna, 26-unit freehold residential block in District 9, up for sale at $60 mil

Jovi Ho06-04

The 26-unit legacy asset opposite the Istana offers investors strategic flexibility in the tightly held Core Central Region, says JLL, which is advising the seller. Cavenagh Fortuna, a 26-unit, 29,095...

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Cavenagh Fortuna, a 26-unit, 29,095...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/property/cavenagh-fortuna-26-unit-freehold-residential-block-district-9-sale-60-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cavenagh Fortuna, 26-unit freehold residential block in District 9, up for sale at $60 mil</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCavenagh Fortuna, 26-unit freehold residential block in District 9, up for sale at $60 mil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-04 02:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/cityandcountry/property/cavenagh-fortuna-26-unit-freehold-residential-block-district-9-sale-60-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Jovi Ho</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The 26-unit legacy asset opposite the Istana offers investors strategic flexibility in the tightly held Core Central Region, says JLL, which is advising the seller. Cavenagh Fortuna, a 26-unit, 29,095...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/property/cavenagh-fortuna-26-unit-freehold-residential-block-district-9-sale-60-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4567","symbol_name":"ESG概念","start_time":0,"source_url":"https://www.theedgesingapore.com/cityandcountry/property/cavenagh-fortuna-26-unit-freehold-residential-block-district-9-sale-60-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2640216568","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/cityandcountry/property/cavenagh-fortuna-26-unit-freehold-residential-block-district-9-sale-60-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640216568","pubTimestamp":1780512717,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The 26-unit legacy asset opposite the Istana offers investors strategic flexibility in the tightly held Core Central Region, says JLL, which is advising the seller. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4567":"ESG概念","BK4588":"碎股","BK4585":"ETF&股票定投概念","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","LU0012050646.USD":"SCHRODER ISF US SMALLER COMPANIES IMPACT \"A\" (USD) INC AV","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","URA":"Global X Uranium ETF","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","BK4121":"生命科学工具和服务","BK4504":"桥水持仓","LU0106261612.USD":"SCHRODER ISF US SMALLER COMPANIES IMPACT \"A\" ACC","WST":"West Pharmaceutical Services Inc","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","BK4606":"AI电力股"},"translate_title":"Cavenagh Fortuna，第9区拥有26套永久业权住宅区，售价6000万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"URA":1,"WST":1},"content_text":"The 26-unit legacy asset opposite the Istana offers investors strategic flexibility in the tightly held Core Central Region, says JLL, which is advising the seller. Cavenagh Fortuna, a 26-unit, 29,095 sq ft freehold residential block located along Cavenagh Road opposite the Istana, has launched for sale at a guide price of $60 million. \nCompleted in the 1990s and comprehensively refurbished between 2014 and 2016 with a capital expenditure of approximately $6 million, the property comprises 13 one-bedroom, 10 two-bedroom and three three-bedroom units ranging from 570 sq ft to 2,282 sq ft.\nCavenagh Fortuna has maintained 98% average occupancy from 2021 to 2025, demonstrating sustained tenant demand across varying market conditions. The property enjoys strong appeal among both local and expatriate residents for its low-density living and convenience, says JLL, which is advising the seller.\nSpanning a net lettable area of 23,089 sq ft and a gross floor area of 30,324 sq ft, the property offers investors a rare combination of capital preservation and predictable recurring income, underpinned by a demonstrable operating track record.\nThe guide price works out to approximately $2,599 psf on net floor area and $1,979 psf on gross floor area.\nCavenagh Fortuna is a short walk to The Centrepoint, which is linked directly to the Somerset MRT Station, and is within an eight-minute drive to the Central Business District. \nThe surrounding area is well-served by established educational institutions, including the Anglo-Chinese School (Junior) and St. Margaret's Primary School, all within one kilometre, making the location particularly attractive to families and professionals seeking proximity to quality schools.\nLocated in District 9, the property’s strategic location and ownership structure position it as a legacy asset offering investors multiple repositioning pathways, says JLL in a June 4 announcement. \nThe development currently sits on two land lots, which the appointed solicitors Wee Swee Teow LLP (WST) are in the process of amalgamating into a single land lot held under one title. This consolidation will particularly appeal to owners seeking to hold multiple units within one development, according to JLL.\n“The title regularisation for Cavenagh Fortuna involves multiple steps given its history of compulsory acquisition, and the amalgamation of the two land lots is already underway concurrently with the sale process. We expect this to be completed within the next few months,” says Alan Tan, partner at WST.\nIncoming owners may choose to retain the existing development and apply for a change of use to serviced apartments, which the Urban Redevelopment Authority (URA) may be eligible to consider, with the added flexibility of reconfiguring units to command stronger rental rates. \nAlternatively, the site also presents a redevelopment opportunity under the Urban Redevelopment Authority’s 2025 Master Plan, as the site is zoned for Residential use. “Those seeking immediate income visibility may opt to engage a co-living operator or lease the units for stable recurring yield while awaiting future capital appreciation,” says JLL. \nWhat makes Cavenagh Fortuna particularly attractive is the flexibility it offers, says Nicholas Ng, head of land and collective sales at JLL. “Incoming buyers can pursue redevelopment, convert to serviced apartments, engage a co-living operator, or simply lease for stable income; each pathway is viable depending on their investment horizon and risk appetite.”\nWith 26 units held under a single title, owners retain the flexibility to subdivide individual units, unlock capital progressively or preserve the asset intact across generations, adds Ng, making it a “versatile vehicle” for both income and long-term wealth objectives.\nThe expression of interest exercise will close at 3pm on July 15.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640216568","isCrawlerRequest":true}