6 Of The Most Expensive Homes To Have Been Sold In Singapore

It is undeniable that Singapore hosts some of the world’s luxurious homes so here, we will going to reveal the most expensive homes to have been sold in the city-state.
The Singapore luxury home market appears to be bouncing back, with increasing sales of high-end condominiums in the prime districts observed from the second half of 2016 onwards. We'll explore six of the priciest homes sold in Singapore between 2013 and 2017 - one of which is reputedly owned by Eduardo Saverin. This development comes despite the property cooling measures recently imposed by the government that have taken a toll on this sector.

1)      An unnamed unit at Sculptura Ardmore, >$60 million (2017)

Where: D10 – Ardmore Park

Tenure: Freehold

Completed: 2014

Sold for: Over $60 million ($5,825 psf) in August 2017

At Sculptura Ardmore, the luxurious 34-unit development in the exclusive residential enclave of Ardmore Park, a record purchase for the most expensive home to have ever been sold in Singapore was made - a 10,300 sq ft super penthouse unit in excess of $60 million. This remarkable property tastefully merges generous internal living spaces with its signature cantilevered swimming pools. Apart from four private lap pools ranging between 4,200 sq ft and 10,300 sq ft, it also features luxury four-bedroom units between 2,800 sq ft and 4,000 sq ft. The 36-storey building additionally provides concierge service and other facilities such as 30ml. Rumors suggest that this humongous purchase was done by none other than Facebook co-founder Eduardo Saverin and his wife Elaine Andriejanssen who were both married in 2015.

2)      A 32nd floor penthouse unit at Le Nouvel Ardmore, $51 million (2015)

Where: D10 – Ardmore Park

Tenure: Freehold

Completed: 2014

Sold for: $51 million ($3757 psf) in April 2015

Wing Tai's highly sought-after Le Nouvel Ardmore is the result of a collaboration with world-renowned architect Jean Nouvel. This impressive freehold 33-storey condominium stands out in Singapore and across Asia, and is strategically situated on Ardmore Road. The project follows an intriguing Rubik’s cube concept which offers a unique combination of orientations, textures, lights and unconventional techniques to achieve the most impressive views within its modular internal spaces. With only 43 units that are each over 3,800 sq ft, the development boasts an incredible 13,573 sq ft penthouse unit on its top two floors that was reportedly bought by Alibaba Group co-founder Sun Tongyu in April 2015 for 51 million SGD ($3757 psf). The penthouse features five bedrooms plus a family area and study area.

3)      A 34th floor penthouse unit at Twenty-one Angullia Park, $42.9 million (2013)

Where: D9 – Angullia Park

Tenure: Freehold

Completed: 2014

Sold for: $42.9 million ($5,560 psf) in June 2013

The flagship development of CS Land, originally known as China Sonangol, is the 54-unit Twentyone Angullia Park, which is located along Orchard Road. The development's prices peaked in June 2013, when a 7,718 square-footfoot penthouse went for $42.9 million ($5,560 per square foot), and a 2,260 square-foot, three-bedroom condo next door went for $11.53 million ($5,099 per square foot). According to reports, Low Taek Jho, also known as Jho Low, a Malaysian billionaire embroiled in the 1MDB controversy that is roiling the nation, purchased the two apartments. The development's 2,777-square-footsquare foot, four-bedroom unit sold for $8.3 million in July 2016, translating to $2,989 per square foot, the lowest price realized at Twenty-one Angullia Park since it opened in 2013.

4)      A 5th floor unit at The Nassim, $25.57 million (2017)

Where: D10 – Nassim Hill

Tenure: Freehold

Completed: 2015

Sold for: $25.57 million ($2750 psf) in May 2017

Next on the list is a 9,300-square-footsquare foot resale apartment at The Nassim, which sold for $25.57 million ($2,750 per square foot) in May 2017, is third on the list. The buyer is allegedly a foreign national. Renowned architect Mok Wei Wei of W Architects created the 55-unit upscale complex. The 45 unsold units in the exclusive complex were purchased for $411.6 million by senior banker Wee Cho Yaw, one of Singapore's wealthiest men, through his family's private real estate firm, Kheng Leong. Developer CapitaLand was released from liability for fines that apply to unsold properties after a predetermined amount of time thanks to the bulk sale. According to reports, the fines might have totaled millions of dollars. Currently, the development's units selling at $3,304 psf on average.

5)      A 5th floor unit at Nassim Park Residences, $22.5 million (2015)

Where: D10 – Nassim Road

Tenure: Freehold

Completed: 2011

Sold for: $22.5 million ($3,271 psf) in April 2015

In close proximity to the Orchard Road commercial district is the 100-unit luxury apartment complex known as Nassim Park Residences. The project consists of penthouses that are between 6,803 and 8,008 square feet in size and four-bedroom apartments that range in size from 3,175 to 7,901 square feet. Together with Chan Soo Kian from SCDA Architects, Japanese landscape architect Shunmyo Masuno, and French interior designer Christian Liaigre, the project was collaboratively created by UOL Group, Kheng Leong, and Orix Capital. A 6,878 square foot apartment on the fifth floor sold for $22.5 million ($3,271 per square foot) in April 2015. Since March 2010, Nassim Park Residences' prices have been above $3,000 per square foot. Currently, the development's units are going for an average price per square foot of $3,488.

6)      A 23rd floor unit at Gramercy Park, $21.86 million (2017)

Where: D10 – Grange Road

Tenure: Freehold

Completed:  2016

Sold for: $21.86 million ($3,000 psf) in August 2017

The list is completed with the August 2017 sale of a 7287.17 square foot condominium at Gramercy Park for $21.86 million ($3,000 per square foot). The 174-unit twin-tower condominium was built in 2016 by City Developments (CDL). The North and South Structures are the 24-story towers with 87 flats apiece. A two-bedroom unit in Gramercy Park can be as small as 1,184 square feet or as large as 7,287 square feet. NBBJ of New York, the architect behind CDL's other iconic project, the 1,111-unit The Sail At Marina Bay, created its curved, glass-covered towers. At the inaugural EdgeProp Excellence Awards 2017 gala dinner on October 23, CDL left with the Development Excellence Award for Gramercy Park. CDL claims that despite a challenging market conditions, at Gramercy Park, 148 of the 174 units have already been sold, or 85%. According to Sherman Kwek, the CEO-designate of CDL, the project's "excellent value proposition in terms of location, design, and distinctive qualities" attracted buyers.

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