This Penthouse May Be the Most Expensive Apartment Ever Sold in Singapore
Cue the surprised Patrick Star meme because a penthouse unit has just been sold for SG$75 million in Singapore—apparently beating the SG$73.8 million super penthouse at Wallich Residence that British inventor James Dyson bought in 2019.
According to a Business Times article, the Les Maisons Nassim penthouse unit that was sold in October 2021 was quoted by List Sotheby’s International Realty executive director Lewis Cha to have possibly set the record for being the most expensive penthouse ever sold in Singapore, based on established transactions over the past 20 years.
Spanning around 12,077 square feet, the unit translates to SG$6,210 per square foot. Online property portal 99.co listed the unit as a five-bedder with an asking price of SG$80 million, where it has shown to beat the SG$5,930 per square foot set by a SG$39 million unit sold in the same luxury condo in May this year.
Yet, the current record for the highest price per square foot may still be held by a 3,089 unit from The Marq on Paterson Hill in District 9, which was sold back in 2011 for around SG$20.5 million, or SG$6,650 per square foot.
Looking at the transactions over the past 10 years in District 2, District 9 and District 10, where Les Maisons Nassim is, condominiums in District 9 have generally fetched a higher average price per square foot.
Nevertheless, condos in District 10 have experienced the highest price appreciation of 31.67 per cent over the last 10 years, compared to the 29.32 per cent in District 2 and 1.82 per cent in District 9.