Most Expensive Luxury Condo Units Ever Sold in Singapore
Ever since 2010, various rounds of cooling measures were introduced to Singapore’s property market to curb the booming home prices, with the Additional Buyer’s Stamp Duty (ABSD) being the most impactful of all for foreigners – hitting them with an additional 20% charge (based on the purchase price) when they acquire a private residential property in the independent sovereign state.
Recently, the high-end luxury condo segment is showing strong signs of recovery, with many of the newly completed projects such as Marina One Residences and New Futura experiencing an explosive pick up in sales for the past year.
Based on stats and references from the property portal, EdgeProp, here are some of the most expensive non-landed luxury homes being sold in Singapore and they are all above S$20 million.
1. Wallich Residence
Being well-known as Singapore’s tallest residential building, Wallich Residence is part of the 64-storey tall Tanjong Pagar Centre which was developed by award-winning developer, GuocoLand and completed back in 2016.
In July 2019, it was reported that its ‘super penthouse’ was sold to British billionaire, Sir James Dyson for a whopping S$73.8 million (or S$3,496 psf). This transaction has made him the owner of Singapore’s most expensive condominium.
The super penthouse at Wallich Residence spans across 3 levels (also known as a triplex) from 62nd to the 64th floor and has a total built-in strata area of 21,108 square feet (sq ft) – inclusive of 6,577 sq ft of void area.
According to reports, it seems like Sir James Dyson got a good deal for the super penthouse at Wallich Residence in Singapore as it’s more than 30 percent lower than the initial price tag of S$108 million set by GuocoLand when it was first released for sale during mid-2017.
2. Sculptura Ardmore
Located within the prime Ardmore Park precinct in District 10, the Sculptura Ardmore is possibly one of the most luxurious condominiums ever constructed by renowned property developer SC Global.
In fact, SC Global has a high-end branding written all over it as the group has developed some of the most iconic properties in the prime districts of Singapore – with The Marq on Paterson and Hilltops making the top of my list.
It was believed that the 10,300 sq ft super penthouse at the 34-unit Sculptura Ardmore was sold to the co-founder of Facebook and one of Singapore’s wealthiest men, Mr. Eduardo Saverin for over S$60 million (or S$5,825 psf) back in August 2017.
The main draw of the 36-storey Sculptura Ardmore would be its aesthetically brilliant architecture and well-designed internal spaces, sitting within the exclusive private enclave of the Ardmore precinct.
The project was completed back in 2014, comprises of mainly 4-bedroom apartment units, with sizes varying from 2,800 to 4,000 sq ft and 4 units with private pools sized in the range of 4,200 to 10,300 sq ft.
3. Boulevard Vue
Completed back in 2013, Boulevard Vue by Far East Organisation (FEO) is perhaps one of the most iconic luxury condominiums along the prime Orchard Boulevard stretch in Singapore.
It stands tall among some of the other high-end condos in the area such as TwentyOne Angullia Park, Boulevard 88 and 3 Orchard By-The-Park.
In June 2019, the sale of its 11,098 sq ft penthouse made it the 3rd most expensive condo ever to be sold in Singapore. The deal was done at S$52 million (or $4,686 psf) and the buyer is believed to be a Chinese national.
The uniqueness about the 28-unit Boulevard Vue condo is that there is only 1 unit per level.
Thus each unit will be occupying the entire floor space available throughout a single level, offering homeowners the epitome of privacy and luxury.
This is perhaps the one and only luxury condo in Singapore that’s being designed in this exclusive manner.
4. Le Nouvel Ardmore
Wing Tai’s Le Nouvel Ardmore was probably the most-talked project before Mr Saverin’s purchase at Sculptura Ardmore as its 2-level 5-bedroom penthouse (13,573 sq ft) was sold to one of Alibaba Group’s co-founders, Mr Sun Tongyu for a whopping S$51 million (or $3,757 psf) back in April 2015.
On top of the quality interiors and vast living spaces, Le Nouvel Ardmore was designed by one of the world’s most renowned architects, Mr. Jean Nouvel – with the inspiration drawn from the Rubik’s cube.
Standing tall at 33 storeys, Le Nouvel Ardmore was completed back in 2014 as well and it comprises of only 43 exclusive units with each unit exceeding a size of 3,800 sq ft – selling at no less than S$23 million presently.
5. TwentyOne Angullia Park
Sitting just diagonally across one of Singapore’s most iconic shopping malls, ION Orchard, TwentyOne Angullia Park is China-Sonangol’s (now known as CS Land) flagship property project here in Singapore.
Back when property prices peaked in 2013, the 7,718 sq ft luxurious penthouse at TwentyOne Angullia was sold to a Malaysian businessman for S$42.9 million (or S$5,560 psf) back in June 2013.
It was also reported that he had also snapped up a 3-bedroom unit (2,260 sq ft) in the development, for S$11.53 million during the same time.
Amid pressure from the surrounding new luxury condo developments, such as OUE Twin Peaks and Ardmore Three, selling prices at TwentyOne Angullia Park have also been pretty much subdued – with a 4-bedroom unit being sold at only S$8.3 million (or S$2,989 psf) back in July ’16, which is the lowest price ever transacted at TwentyOne Angullia Park, below the S$3,000 psf mark.
6. New Futura
If you have been a big fan of those luxury condominiums within the Orchard Road precinct, you certainly can’t miss the iconic New Futura which is located along the Leonie Hill Road stretch.
As the name implies, the architecture of New Futura does emit a futuristic aura with its fascinating design and is set to be one of the landmark projects within the prime District 9.
The entire development comprises of only 2 residential towers (North and South) accommodating only 124 luxury homes and the massive 7,836 sq ft penthouse on the South Tower of New Futura was sold at $36.28 million (or $4,630 psf) back in May 2018.
To date, the penthouse on the North Tower (which is of the same size) hasn’t been sold yet. However, there are only less than 8 units in total for sale within New Futura at the moment while others have already been sold by the developer.
7. 3 Orchard By-The-Park
The 7th most expensive luxury condominium ever sold in Singapore is the 5-bedroom duplex penthouse unit at 3 Orchard By-The-Park.
It has a total built-in area of 6,555 sq ft and it was sold to a Chinese buyer at $31.5 million (or $4,805 psf) back in June 2019.
This 77-unit freehold condominium is located within the prime Orchard Boulevard precinct and is being developed by YTL Group from Malaysia.
Completed back in 2017, the design of 3 Orchard By-The-Park was crafted by renowned architect and furniture designer, Antonio Citterio from Italy. He is well-known for his design and works for the hotels and resorts under the Bulgari brand.
It was noted that there are only 2 penthouses in 3 Orchard By-The-Park, both situated on the 25th storey within this development.
The other penthouse, in fact, has a larger built-in area of around 6,900 sqft and is still unsold as of June 2019.
8. Boulevard 88
Boulevard 88 is perhaps one of the most remarkable luxury condo projects ever to experience overwhelming responses even before the condominium is being built.
Developed by City Developments Ltd, It was launched for sale back in March 2019 and all of its 4 penthouse units within the development were all being snapped up in less than 3 months from its launch date.
The size of the penthouses at Boulevard 88 ranges between 5,673 to 6,049 sq ft and the largest penthouse unit was sold at a record price of S$31 million (or S$5,125 psf) – just S$500,000 shy of the latest penthouse deal at 3 Orchard By-The-Park.
However, in terms of psf price, it’s the 3rd highest among all the other luxury condos being sold under this list.
9. South Beach Residences
The 190-unit South Beach Residences is being developed by none other than City Developments Ltd and the sale of its super penthouse back in October 2018 makes it the 9th most expensive condo ever sold in Singapore.
The 6,728 sq ft super penthouse at South Beach Residences was sold to an unnamed foreign buyer for S$26 million (or $3,864 psf).
It is a 5-bedroom penthouse unit, the largest among the 6 penthouses available at South Beach Residences which spans across 3 levels from the 42nd floor onwards and it comes with a private pool for the owner at the rooftop.
One of the main draws of South Beach Residences would be its prominent location – literally right next to the Central Business District and Marina Bay precinct of Singapore, offering incredible and dynamic views of the Singapore city skyline.
10. The Nassim
Nothing beats having a property in Singapore with a prestigious Nassim address – and the affluent locals know that for sure.
In January 2017, one of Singapore’s wealthiest men, Mr Wee Cho Yaw acquired a total of 45 units at The Nassim (all the remaining ones which are unsold) for a whopping S$411.6 million.
This bulk purchase got developer CapitaLand out of a sticky situation for the 55-unit luxury condo project, which they will have to pay a penalty to the government if there are unable to sell off all of its units at The Nassim within a stipulated timeline – which was projected to be in millions.
However, the top deal at The Nassim was, in fact, a resale unit – which was transacted for S$25.57 million (or S$2,750 psf) back in May 2017.
11. Nassim Park Residences
Still within the Nassim precinct, one of the units (6,878 sq ft) at luxury condo Nassim Park Residences was transacted back in April 2015 for a hefty S$22.5 million (or S$3,271 psf).
The high-end condo was a joint venture between UOL Group, Kheng Leong & Orix Capital, and brilliantly designed by renowned architect Chan Soo Kian of SCDA Architects.
Nassim Park Residences comprises of only 100 private 4-bedroom apartments (sizes ranging from 3,175 sq ft onwards) and penthouses (from 6,803 – 8,008 sq ft).
Despite a subdued property market for the last couple years, prices at Nassim Park Residences have remained resilient and have been holding to a strong price point of more than S$3,000 psf since March 2010.
12. Gramercy Park
Last but not least is the newly constructed freehold Gramercy Park by City Developments Ltd (CDL), completed back in 2016.
It was previously reported that a Cambodian buyer picked up a 5,533 sq ft penthouse at Gramercy park for S$17 million (or S$3,073 psf) back in July 2017. However, this deal was topped just a month later with another unit (7,287 sq ft) sold at S$21.86 million (or S$3,000 psf).
The 174-unit private condo along Grange Road comprises of 2-bedroom to 5-bedroom penthouse units, sizes from 1,184 to 7,287 sq ft, spreading across 24 storeys on both the North and South Towers.