Singapore’s residential property market has been incredibly dynamic recently, with both the Good Class Bungalow (GCB) and luxury condominium segments enjoying a banner year in 2021 with record-breaking prices.
In particular, luxury condominium apartments in Singapore are incredibly alluring options to the ultra-high-net-worth (UHNW) and overseas investors around the region as they do not require buyers to be Singapore citizens—unlike GCBs. This has resulted in prices soaring higher than before when it comes to these high-rise towers with their prized locations and innovative amenities.
From a record-breaking penthouse purchase to the bulk acquisition of all the units within a luxury condominium, we highlight the most notable condominium purchases in Singapore in the past couple of years, ranked by price.
1. Eden condominium
Sold for: SG$293 million (approximately US$215.54 million)
Hong Kong property developer Swire Properties made headlines in March 2021 for selling all 20 units at the ultra-luxe condominium Eden to a single buyer. The exclusive buyer is reportedly the Tsai family of Taiwan, who owns snack food conglomerate Want Want China Holdings.
The 20 units were scooped up for an aggregate of SG$293 million, amounting to SG$4,827 per sq ft (psf). Designed by British designer Thomas Heatherwick of Heatherwick Studio, each apartment unit occupies an entire floor that spans over 3,000 sq ft and features four en-suite bedrooms; bespoke private gardens are attached to each unit to create a vertical green landscape.