7 Most Expensive Condominium Apartments Sold in Singapore
7 Most Expensive Condominium Apartments Sold in Singapore. The residential real estate market in Singapore has seen a lot of recent activity, with record-breaking prices expected for both the Good Class Bungalow (GCB) and luxury condominium categories in 2021. Luxury condominium flats in Singapore are a particularly alluring solution for the ultra-high-net-worth (UHNW) and international investors in the area because they do not require buyers to be Singapore citizens—unlike GCBs—they do not. Due to their in-demand locations and state-of-the-art amenities, the prices for these high-rise buildings have increased more than ever.
From a record-breaking penthouse acquisition to the bulk purchase of all the units of a high-end condominium, we showcase the most extraordinary condominium transactions in Singapore during the past few years, ranked by price.
1. Eden condominium
Sold for: SG$293 million (approximately US$215.54 million)
The lavish condominium Eden’s 20 units were all purchased by a single buyer in March 2021, which attracted media attention for Hong Kong developer Swire Properties. The lone buyer is reportedly the Taiwanese Tsai family, owners of the snack food business Want Want China Holdings. The 20 units cost SG$293 million, or SG$4,827 per square foot, to purchase in total (psf). Each apartment unit was designed by British architect Thomas Heatherwick of the Heatherwick Studio and spans a full level of more than 3,000 square feet. It features four bedrooms with en suite bathrooms and is connected to a private garden to create a vertical green landscape.
2. Les Maisons Nassim penthouse
Sold for: SG$75 million
In October 2021, word spread that one of the two Les Maisons Nassim penthouse residences had been purchased for SG$75 million by an unidentified bidder. The apartment unit is 12,077 square feet large and costs SG$6,210 per square foot. It is situated in District 10. According to proven transactions during the previous 20 years, List Sotheby’s International Realty executive director Lewis Cha told The Business Times that the Les Maisons Nassim unit is probably the most expensive penthouse ever sold in Singapore. The Shun Tak Holdings-developed low-rise freehold complex is divided into three blocks, totaling 14 exclusive units. Currently, it is on track to obtain its anticipated temporary occupation permit (TOP) in the first quarter of 2023.
3. Wallich Residence penthouse
Sold for: SG$62 million
James Dyson is said to have paid SG$73.8 million for the super penthouse at Wallich Residence in 2019, which is the sole transaction that has purportedly come close to the record-breaking price of the Les Maisons Nassim penthouse apartment. The unit was sold to Indonesian-born businessman Leo Koguan by the British inventor and his wife a year later for SG$62 million at a loss. Although Dyson sold his penthouse property for a cool SG$11.8 million less than what he paid for it, the high price tag is still a sizable sum and was the most expensive penthouse transaction of 2020. The penthouse apartment, which is situated on the top level of the 64-story, 290-meter-tall Guoco Tower, has space for 600 bottles of wine, a private garden, a private lift, and round-the-clock butler service. It also has five bedrooms, each with their own bathroom.
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