Its developer Wheelock Properties said that 169 of the 338 units at Scotts Square have been sold at an average price of $4,008 psf.

A one-bedroom apartment on the 41st floor was sold to a local businessman for the highest psf price of $4,430 psf. The absolute price was $2.67 million. That made Scotts Square a close runner-up to The Marq on Paterson Hill in terms of median value. The average price of units at The Marq was $4,044 psf.

The Marq by SC Global is one of the most expensive condominiums in Singapore. The units are priced from the minimum of $12 million to the maximum of $30 million. The other most expensive condominium project is The Orchard Residences at Orchard Turn. Recently, a penthouse was sold for $5,500 psf.

Built on the former Paterson Tower site, The Marq has two 24-storey tower blocks, one having 21 five-bedroom apartments averaging 6,195 sq ft and the other having 42 four-bedroom apartments of 3,000 sq ft in size on average.

The five-bedroom units occupy an entire floor each and have a 15m private heated lap pool.

The Scotts Square has its own unique selling points, being built on the former Scotts Shopping Centre site, which is well-served by good amenities such as the entire Orchard shopping belt and its accessibility to public transport like the Orchard MRT station.

The remaining units at the Scotts Square will be publicly launched next month when the show flat is completed.

Like The Marq on Paterson Hill, more than 60% of the buyers of Scotts Square are foreigners, including permanent residents. The other similarity is that the foreign buyers make up of predominantly Indonesians.

 Edit by Sam Gian
(Singapore's Independent Real Estate trainer & consultant)