Cover Each of the luxurious apartments in Eden features a private garden (Photo: Swire Properties)

Luxury condominium apartments in Singapore are clocking groundbreaking prices year on year. Here are some of the most expensive units in the city sold so far

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.

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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.

It was reported by local financial daily The Business Times that there were three transactions in total—one unit was purchased by chairman Tsai Eng-Meng, while his son picked up the 18 other units in one deal, alongside the remaining unit in a separate transaction. When contacted, Swire Properties could only confirm that there was more than one transaction with more than a single buyer, but they were unable to reveal the names and identities of the owner.

Read more: 2021 Recap: The Most Notable Property Purchases This Year in Singapore

2. Les Maisons Nassim penthouse

Sold for: SG$75 million 

In October 2021, news broke that one of the two Les Maisons Nassim penthouse units was snapped up by an unknown buyer for SG$75 million. Located in District 10, the apartment unit spans 12,077 sq ft—which works out to be SG$6,210 psf.

List Sotheby’s International Realty executive director Lewis Cha told The Business Times that the Les Maisons Nassim unit is likely to have set the record for being the most expensive penthouse ever sold in Singapore, based on established transactions over the past 20 years.

The low-rise freehold project, developed by Shun Tak Holdings, consists of three blocks with 14 exclusive units in total. It is currently on track to reach its expected temporary occupation permit (TOP) in early 2023.

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3. Wallich Residence penthouse

Sold for: SG$62 million

The only sale that has reportedly come close to the record-breaking price of the Les Maisons Nassim penthouse unit is the SG$73.8 million reportedly paid by James Dyson for the super penthouse at Wallich Residence in 2019.

A year later, the British inventor and his wife sold the unit to Indonesian-born tycoon Leo Koguan at a loss for SG$62 million. While Dyson might have sold his penthouse unit at a cool SG$11.8 million loss, the hefty price tag is still a significant amount and was the priciest penthouse sale of 2020. 

Sitting on the top floor of the 64-storey, 290-metre high Guoco Tower, the penthouse unit boasts  five bedrooms, each with its own en-suite bathroom, a private garden as well as a private lift, storage for 600 bottles of wine, and round-the-clock dedicated butler service.

Read more: Billionaire James Dyson Sells His 3-Storey Wallich Residence Penthouse

4. Canninghill Piers penthouse

Sold for: SG$48 million

The sole penthouse unit at Canninghill Piers, a project by City Developments Limited (CDL) and CapitaLand, was sold to a buyer believed to be a Singaporean businessman for SG$48 million. Located on the 48th floor of the luxury condominium, the 8,956 sq ft super penthouse was sold at SG$5,360 psf.

Designed by Danish architecture firm Bjarke Ingels Group (BIG), Canninghill Piers consist of two towers—a 48-storey residential tower and another tower with 24 floors—that are connected by a sky bridge on level 24. A redevelopment of the former Liang Court, the residential development is expected to be completed in 2025, and will be part of an integrated development that includes a mall as well as a hotel and serviced residence.

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5. Les Maisons Nassim four-bedroom unit

Sold for: SG$39 million

The units at Les Maisons Nassim continue to break records. Besides the most expensive penthouse unit in Singapore ever sold, the condominium is also home to the priciest luxury unit sold in 2021, in terms of absolute price. A four-bedroom apartment that takes up 6,577 sq ft was purchased by a buyer from overseas in May 2021 for SG$39 million, or SG$5,930 psf. On a psf basis, this makes it the most expensive non-penthouse unit sold in 2021. 

6. Park Nova penthouse

Sold for: SG$34.438 million 

The other property developed by Shun Tak Holdings in 2021 also charted a new record. The biggest of three penthouse units within Park Nova, a luxury condominium in District 10, was snapped up for SG$34.438 million.

Spanning 5,899 sq ft, the five-bedroom unit occupies two floors of the 21-storey tower at Park Nova. With the $5,838 psf achieved for the penthouse, the sale is currently a record price for the Orchard Boulevard-Tomlinson area.

7. Hilltops penthouse

Sold for: SG$33.5 million

In April last year, SC Global Developments sold another penthouse at its Hilltops condo in Cairnhill Circle. The third out of four penthouses to be sold, the apartment unit has a strata area of 8,385 sq ft, and was sold for SG$3,995 sq ft. The Business Times reported that the five-bedroom unit, which offers sweeping views of the city and Marina Bay area, was purchased by Chen Liangbin, a Cambodian citizen, and Li Xiaoping, a citizen of China. The duplex unit has a main living area on the 20th storey and a private pool and landscaped deck on the upper floor.

Completed in 2011, Hilltops is the oldest condominium in this list. SC Global Developments is left with a final penthouse unit within the condominium complex. The 12,669 sq ft apartment, which comes with five bedrooms, a dedicated private lift and four exclusive car park lots, reportedly has a price tag of around $60 million.

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