Top ultra luxury
In the past, luxury living in Singapore mainly comprised the traditional prime districts of 9, 10, and 11. However, in the past 15 years or so, the definition of luxury living has extended to the concept of city living and island living. In addition to these prime districts, the Core Central Region also encompasses private residences in the Downtown Core (Districts 1, 2, 6, 7) and is home to some of the most expensive addresses in Singapore. These are preferential locations for high-net-worth individuals (HNWIs) where the different distinctive characteristics cater to diverse luxury lifestyles. Besides the traditional prime districts, luxury homes in Singapore’s Downtown Core are also highly coveted due to their strategic location at the heart of the financial district and characterised by city-living.
The core central region encompasses Singapore’s main prime metropolitan area, largely constituted by the CBD district where major commercial buildings are. There are full amenities within reach, with high-end restaurants, shopping malls and hotels scattered throughout. Besides land scarcity, being close to or within the city’s financial district is one of the key reasons why private residential or commercial property in this zone would be one of the most expensive luxury properties in Singapore, and in the world.
Marina One Residences
V On Shenton
Reignwood Hamilton Scotts
Eden Residences Capitol
Reflections At Keppel Bay
Hyll On Holland
15 Holland Hill
Klimt At Cairnhill
Irwell Hill Residences
Fourth Avenue Residences
Kopar at Newton
Neu At Novena
Haus On Handy
3Orchard By The Park
Lloyd Sixty Five
About Singapore Properties
Why Penthouses In Singapore Are Popular With Crazy Rich Asians
The stellar views and luxurious lifestyle associated with penthouses in Singapore still make these spacious apartments attractive to overseas buyers.
When it comes down to square footage, a bungalow in Singapore probably has more to offer and comes with the association of prestige and exclusivity. However, aside from the buying restrictions that govern landed properties, especially Good Class Bungalows (GCB)—which require the buyers to be citizens—penthouses mark a few other boxes on the checklist of ultra-high-net-worth (UHNW) individuals.
Demand for luxury penthouses holds steady despite pandemic
Despite the pandemic and ongoing border closures, demand for penthouses has proven firm, with nine transactions so far this year.
While the recent surge in the number of community causes is a temporary setback, demand for luxury homes could gather pace again in the near future, especially as travel restrictions are eased, consultants said, pointing to interest from ultra-high-net-worth individuals (UHNWI) and foreign investors.
In addition, two penthouses were transacted in the Rest of Central Region (RCR) at the low-rise Meyer House on Meyer Road in district 15.
Singapore records S$7.5 billion in luxury property transactions in first half of 2021
Amid rising wealth in Singapore, demand for luxury homes in the country is growing steadily, new research from Knight Frank has shown. In the first half of 2021, sales of luxury property transactions amounted to S$7.5 billion.
The total sales volume for prime non-landed residential properties in H1 2021 amounted to S$2 billion, the highest since H2 2010 where sales within the luxury market segment totalled around S$2.4 billion. Rebounding from the pandemic-led recession last year, sales activity in H1 2021 was double the amount of S$1 billion registered in the later half of 2020, and surpassed the S$1.7 billion transacted in the whole of 2020.
Biggest penthouse at Park Nova sold at $5,838 psf, a record for Orchard Boulevard area
On May 7, sales at Park Nova, Shun Tak Holdings’ luxury condo in Singapore’s Orchard Boulevard-Tomlinson area, began at 2pm for the three duplex penthouses. Bookings for the typical units began from 7pm. By the close of the evening, five units were sold for well over $100 million in sales, according to the developer in a statement today.
The two biggest five-bedroom penthouses in the 54-unit luxury condo at 18 Tomlinson Road fetched $34.438 million and $26.026 million respectively. The biggest penthouse of 5,899 sq ft garnered interest from more than one party and almost had to be sold via balloting. However, one party prevailed and emerged the eventual buyer at $34.438 million or $5,838 psf.
Penthouse at Eden Residences Capitol sold for $21.37 mil, hits new high of $3,233 psf
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Kumar is a licensed real estate agent, currently functioning as an GROUP DIRECTOR at PROPNEX Realty Pte Ltd. He has been one of the TOP SALES PRODUCER at Propnex for eight consecutive years from 2013 to 2021. Kumar is also Propnex Brand Ambassador, Super Platinum Achiever and Propnex Luxury Team Member. He has good experience in serving penthouse units, condos etc., with his experience he can serve any client easily.
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