6 of the world’s 11 super penthouses are in Singapore. Correction – were.
The largest has since been sold to the billionaire inventor James Dyson.
Penthouse in Tanjong Pagar spans 3 floors and cost more than $100 million
This self-made billionaire is the brains behind the technology company known for its pricey vacuum cleaners, hair dryers and air purifiers. He has also recently announced that the company is moving its headquarters from Britain to Singapore.
Now, the tycoon-inventor has invested even more in Singapore with his purchase of the ultra-luxurious super penthouse on the 62nd to the 64th floor of the Wallich Residence at Tanjong Pagar Centre for which he paid more than $100 million.
He has apparently paid $73.8 million in cash for the property.
Depending on whether this was his first or second and subsequent property purchase here, the stamp duties levied will either be $6.63 million or $14 million respectively.
Mr Dyson and his wife are both Singapore permanent residents hence will pay less additional buyer’s stamp duties (ABSD) than foreign buyers would.
Penthouse transaction puts Singapore in league with Hong Kong, New York and London
The 21,000 sq ft 5-bedroom penthouse is almost a “bungalow in the air” and to date is Singapore’s largest non-landed private residential property in Singapore’s tallest building.
At 290m above sea level, the views from the unit must be more than panoramic, especially of the surrounding Central Business District (CBD), Marina Bay and Sentosa. The super penthouse not only has its own lift lobby but also its own lift access to the Tanjong Pagar MRT station. It comes with a private swimming pool, cabana, bar jacuzzi and entertainment areas.
Though the per square foot price is not the highest for a penthouse, the total quantum price and Mr Dyson’s profile may have pushed Singapore into the same leagues as the big players in the luxury residential property market such as Hong Kong, New York and London.
For those who would like to get their hands on a super penthouse in Singapore, there left at the Concourse Skyline, The Marq on Paterson Hill, Hilltops and Reflections at Keppel Bay. Most of them are in the residential enclave near Orchard Road such as on Ardmore Park and Nassim Road.
Currently, the most expensive super penthouse available in the world is the Tour Odeon Tower Sky Penthouse in Monaco with a price tag of US$325 million.