A remarkable five-bedroom unit on the 55th floor of Skywaters Residences has been sold for an impressive $30.87 million, marking a significant milestone in the luxury real estate market. This transaction is notable not only for its substantial price but also for its price per square foot, which translates to $5,841 based on the unit’s total area of 5,285 square feet. Such figures underscore the growing demand for high-end properties in Singapore, particularly in strategic locations that promise breathtaking views and modern amenities.
The sale was officially recorded in a caveat lodged on June 19, 2024, highlighting the buyer’s status as a Singapore Permanent Resident. This status subjects them to an additional buyer’s stamp duty of 5%, a consideration that reflects the ongoing regulatory landscape in the local property market. The luxury real estate sector has seen substantial activity, with buyers willing to invest significant sums for premium residences that offer both exclusivity and an urban lifestyle.
Skywaters Residences, located at 1 Prince Edward Road in Tanjong Pagar, is poised to become Singapore’s tallest tower upon completion. This architectural marvel features a total of 190 units spread across the 27th to 63rd storeys of a striking 305-meter-tall building. The design and positioning of the tower have generated considerable interest, making it an attractive option for affluent buyers seeking a combination of luxury and convenience.
The fact that this unit is situated on the 55th floor adds to its allure, providing potential residents with unparalleled views of the cityscape and beyond. This recent sale further enhances the reputation of Skywaters Residences as a prominent player in the luxury condominium market.
Prior to this transaction, a penthouse in the same development was sold for an astonishing $47.34 million, achieving an even higher price per square foot of $6,100 in May 2024. These figures reflect a robust demand for luxury properties in Singapore, where discerning buyers are increasingly drawn to high-rise residences that offer both prestige and modern living amenities.
The real estate market’s trajectory in Singapore indicates a vibrant environment for luxury developments, especially in prime locations like Tanjong Pagar. With the completion of Skywaters Residences on the horizon, potential buyers can expect a blend of sophistication and contemporary lifestyle offerings.
As the market continues to evolve, the attention garnered by such properties exemplifies a growing trend where luxury is not merely defined by the price tag but also by the lifestyle and experiences that accompany high-end living.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condominium launch situated along the picturesque riverfront, offering a variety of units from one to five bedrooms to suit different family sizes.
This eco-friendly development prioritizes sustainable living, featuring green spaces and a range of amenities such as a swimming pool, fitness center, and landscaped gardens.
Residents will benefit from easy access to key transportation links and local amenities, ensuring convenience.
For more details on the River Green floor plan and prices, check out the River Green e-brochure.
View River Green ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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