Cavenagh 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.
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.
Completed 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.
