Singapore’s The Marq on Paterson Hill placed 6th in global study of most expensive residences

The Marq on Paterson Hill, currently Singapore’s most expensive residential real estate, has received international acclaim. It has come in sixth in a recent study by Savills in a comparison of record transactions in the top 10 “world class” cities.  This was the first time Singapore was included in the rankings.

With a price tag of S$6,606 (£3,400) per square foot, the luxury residence designed by Hermès was the talk of town in 2011 when the transaction was made.

Developed by SC Global Developments, which is listed on the main board the the Singapore Exchange, each of the 6,200 square foot apartments at the Signature Tower at The Marq, comes fully decked with Hermès’ products ranging from furniture, fabrics, rugs, carpets, wallpaper and made to measure leather upholstered items. In addition, every luxury apartment comes with a 15-metre private heated lap pool cantilevered outside of the building, making it a first in Singapore and a global design innovation. Each unit also offers the visual tranquility of an infinity pool vista from the living area with a breathtaking panoramic of the Orchard Road skyline in the background.

Making to the top three most expensive residences were properties in London, Hong Kong and New York. London’s Kensington Garden Palace held on to top spot for the fourth consecutive year, closely by a house in Hong Kong’s Deep Water Bay Road, which sold at £8,400 psf and an apartment in New York’s 15 Central Park West which fetched a price of £8,300 psf.