If you live in a condominium or private apartment, you belong to a rarefied category – only 15.9 per cent of households in Singapore inhabit such domains. Of these, penthouses are especially rare since each building can have only one top floor unit. Even more coveted are the super penthouses that attract international billionaires.
According to List Sotheby’s International Realty (List SIR), super penthouses are defined as 10,000 sq ft or bigger and located in super tall buildings – 305m to 579m – usually only found in major global cities, and set record prices because of the spectacular views that come with them.
In June 2019, six of the 11 super penthouses around the world that were for sale at the time were found in – surprise, surprise! – Singapore, where Wallich Residence is the only property that starts at 180m above sea level and soars to 290m above sea level, crowning Tanjong Pagar Centre.
Shopping for a super penthouse? Here’s what property experts have to say.
Who are the typical penthouse and super penthouse buyers?
Ismail Gafoor, CEO of PropNex Realty, notes: “Generally, super penthouses in Singapore are bought by ultrahigh net worth (UHNW) foreigners. Investors buy penthouses as part of a trophy collection. It is more for social status and recognition.
In the last year alone, PropNex sold four penthouses: two at Boulevard 88 for $28 million (5,683 sq ft) and $29.53 million (6,028 sq ft) and two (3,509 sq ft each) at Wallich Residence that went for $16.5 million and $17.5 million.
Dora Chng, general manager of GuocoLand’s residential division, says buyers of penthouses and super penthouses are not that different. “The decision to purchase boils down to whether they like the property and its location, and what it offers in terms of tangible offerings and intangibles such as exclusivity, privacy and prestige.”
Bu hikaye The PEAK Singapore dergisinin March 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The PEAK Singapore dergisinin March 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
From Screen to Store
Heini Zachariassen, founder of global wine rating app Vivino on how its first retail store in the world brings data-driven curation to wine lovers.
In the Dining Spotlight
Renowned Dutch chef Sergio Herman, whose name has been associated with the Michelin Guide in the Netherlands and Belgium, is expanding his Asian footprint with his Singapore outpost, Le Pristine in Grand Hyatt Singapore.
All for One
How would you navigate a corner if you were hearing-impaired or enjoy school if you were on the spectrum? These architects posit that inclusive design must be part of mainstream standards to improve overall living environments.
Pods and Swirling Staircases
This quirky and playful home designed by Park Associates is shaped after its owners, a young family with three children.
Stories Behind the Kebava
Sufiyanto A. S., one half of the duo behind the Kebaya.Societe Instagram account, has had enough of seeing Malay identity erased and forgotten.
Good to Go
Driving classic Jaguars on the legendary Goodwood Motor Circuit is all the magic a motorhead needs.
Seasons of the Snake
Japanese architect Tadao Ando once again works his magic for Bvlgari, with the Serpenti Tubogas as an artistic canvas for nature's cyclical transformation.
Phoenix Rising
One gutsy retired pharmaceutical executive rescued two-century-old Swiss watchmaker Bovet, and today, its presence is stronger than ever in Southeast Asia.
Con Amore, Leggiero, Presto!
Chan Weitian injects new insights into Presto Drycleaners, blending operational innovation with time-honoured values.
Preserving Paradise
Gaya Island Resort takes eco-tourism beyond the expected, blending conservation efforts with authentic luxury.
