{"id":120252,"date":"2021-02-09T01:36:13","date_gmt":"2021-02-08T18:36:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-penthouses-at-marina-bay-residences-up-for-sale-for-138mil\/"},"modified":"2021-02-09T10:04:14","modified_gmt":"2021-02-09T03:04:14","slug":"five-penthouses-at-marina-bay-residences-up-for-sale-for-138mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-penthouses-at-marina-bay-residences-up-for-sale-for-138mil\/","title":{"rendered":"Five penthouses at Marina Bay Residences up for sale for $138mil"},"content":{"rendered":"


\nFive penthouses at Marina Bay Residences up for sale for $138milSpanning levels 50 to 54, the five penthouses feature a combined 24 bedrooms as well as a 25m rooftop pool.\u00a0Combining the units will yield a super penthouse with 28,258 sq ft of strata area.
\nFive penthouses at Marina Bay Residences have been put up for sale carrying an indicative price of $138 million or about $4,884 per sq ft (psf) on the total strata area, reported The Business Times (BT) citing marketing agent Tristar Properties.
\nSpanning levels 50 to 54, the five penthouses feature a combined 24 bedrooms as well as a 25m rooftop pool.
\nCombining the units will yield a super penthouse with 28,258 sq ft of strata area. If necessary approvals are obtained, the amalgamation will be subject to the construction of internal staircases to connect the units. Typically, a super penthouse has a minimum size of 10,000 sq ft.
\nFour of the five penthouses \u2013 including the biggest unit which is a 11,012 sq ft triplex \u2013 are owned by a family office that acquired them for nearly $65.8 million in December 2006. The fifth penthouse is owned by a private investor who acquired it for nearly $13.9 million in 2013, Tristar told BT.
\nRecommended article: Living at the top of the world: the biggest condos in Singapore
\nOffering \u201cefficiency of usable space\u201d, Tristar noted that this \u201crare\u201d collection is ideal for a multi-generational household or as an opulent home for an ultra-high-net-worth individual and his family.
\nThe combined property will be larger than the Wallich Residence super penthouse that British tycoon James Dyson and his wife Deirdre recently sold for $62 million. An Indonesian-born tycoon acquired the 21,108 sq ft triplex unit.
\nPerched at the top of Guoco Tower, the Dysons bought them for $73.8 million in 2019, making them Singapore\u2019s most expensive condominium then.
\nData from Tristar\u2019s tracker showed that a total of 22 luxury penthouses were transacted in 2019 and 2020, worth a total of around $580 million. A unit at freehold condominium Boulevard 88 registered the highest psf unit price at $5,125 psf.
\nDemand for opulent houses in Singapore has been on the uptrend in the last few years, fuelled by the Brexit, Hong Kong protests, the United States-China trade war and now the Covid-19 pandemic, said Tristar.
\n\u201cSingapore has clearly emerged as a safe haven (location) during the pandemic for many ultra-high-net-worth individuals. The ultra wealthy have also increasingly chosen the city-state in recent years to open family offices,\u201d said Edwin Yip, Associate Director at Tristar as quoted by BT.
\nSuggested read:\u00a0Need to Move In Urgently? Condos that will TOP in 2021
\nAmong those setting up family offices within the city-state are Google Co-founder Sergey Brin, hedge fund Bridgewater Associates founder Ray Dalio and James Dyson.
\nYip said wealthy individuals are \u201cattracted to Singapore\u2019s low tax rates, political stability and incentives such as a scheme giving investors a pathway to permanent residency\u201d, with many expressing interest to invest in Singapore luxury residential asset in the near term.
\nTristar expects \u201crobust\u201d pent-up demand in luxury homes as travel restrictions are gradually lifted and the Singapore economy reopens.
\nYip described the Marina Bay penthouse collection as a one-of-a-kind \u201ctrophy asset\u201d since there is no comparable penthouse of this size in Singapore and with such an unrivalled view.
\nConnected to Marina Bay Link Mall, Marina Bay Residences is a six-minute walk to The Shoppes at Marina Bay Sands and a 20-minute drive to Changi Airport via the East Coast Parkway and Marina Coastal Expressway.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Five penthouses at Marina Bay Residences up for sale for 8mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Five penthouses at Marina Bay Residences up for sale for $138milSpanning levels 50 to 54,...<\/p>\n","protected":false},"author":1,"featured_media":120253,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/Marina-Bay-Residences.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vhy","jetpack-related-posts":[{"id":108287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-has-6-of-11-super-penthouses-currently-on-sale-in-the-world\/","url_meta":{"origin":120252,"position":0},"title":"Singapore has 6 of 11 super penthouses currently on sale in the world","date":"June 20, 2019","format":false,"excerpt":"\r Despite its small size, Singapore has six of the 11 super penthouses around the world that are currently on the market, based on listings from 2016 to April 2019, revealed List Sotheby\u2019s International Realty (List SIR). List SIR confers the term super penthouses \u201conly to penthouses that are 10,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-most-searched-condos-for-sale-in-may\/","url_meta":{"origin":120252,"position":1},"title":"5 most searched condos for sale in May","date":"June 12, 2018","format":false,"excerpt":"\r The prestigious Marina One integrated development features luxury residences, Grade A offices and 140,000 sq ft of retail space. (Photo: M+S Pte Ltd) A 65,000 sq ft biodiversity garden, Singapore\u2019s longest man-made river and kitchenware designed by Porsche. These are just some of the notable features of the most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/06\/Facade-of-dLeedon.jpg?fit=739%2C636&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":109217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/living-at-the-top-of-the-world-the-biggest-condos-in-singapore\/","url_meta":{"origin":120252,"position":2},"title":"Living at the top of the world: the biggest condos in Singapore","date":"July 22, 2019","format":false,"excerpt":"\r James Dyson\u2019s new super penthouse is now Singapore\u2019s most expensive condo, and also happens to be the largest. But what are some of the other largest condos in Singapore? Here\u2019s the top 8.\u00a0 \u00a0 Unless you live under a rock, you\u2019ve probably heard the news that British billionaire James\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/07\/Wallich-Triplex-Super-Penthose.original.jpg?fit=684%2C391&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-condo-showflats-to-visit-this-weekend\/","url_meta":{"origin":120252,"position":3},"title":"5 condo showflats to visit this weekend","date":"November 23, 2018","format":false,"excerpt":"\r A crowd of potential buyers checking out Parc Esta\u2019s showflat. (Photo: MCL Land) Thinking of buying a new home soon?\u00a0 Well, to help you with your house hunting, we have come up with a list of recently opened condo showflats that you can visit this weekend. 1. Parc Esta\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condominium-at-nassim-road-up-for-en-bloc-sale\/","url_meta":{"origin":120252,"position":4},"title":"Freehold condominium at Nassim Road up for en bloc sale","date":"August 29, 2019","format":false,"excerpt":"\r The four-storey condominium was completed in 2008, featuring two- and three-bedroom units as well as penthouses that range from 115 sq m to 343 sq m. The owners are asking for a reserve price of\u00a0$222.68 million or $3,508 per sq ft per plot ratio (psf ppr). 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