{"id":60680,"date":"2017-07-14T10:02:56","date_gmt":"2017-07-14T03:02:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/bungalow-in-the-sky-up-for-sale-for-100m\/"},"modified":"2017-07-14T10:09:10","modified_gmt":"2017-07-14T03:09:10","slug":"bungalow-in-the-sky-up-for-sale-for-100m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bungalow-in-the-sky-up-for-sale-for-100m\/","title":{"rendered":"\u2018Bungalow in the sky\u2019 up for sale for $100m"},"content":{"rendered":"


\nArtist\u2019s impression of the Wallich Residence penthouse.
\nA three-storey penthouse equipped with a private pool on the 64th floor has been put up for sale for a whopping $100 million, reported Reuters.
\nSet to become the most expensive apartment in Singapore, the \u2018bungalow in the sky\u2019 penthouse is part of Wallich Residence, which is due for launch later this year at GuocoLand\u2019s Tanjong Pagar Centre.
\nThe penthouse is expected to test the endurance of demand for luxury property in Singapore, the segment of the market that suffered most from the government\u2019s property cooling measures.
\nProperty consultancy JLL revealed that luxury home prices in the city-state fell by 15 to 20 percent from its 2013 peak.
\nBut it expects luxury prices to increase by three to five percent this year, on the back of growing demand from both foreigners and locals who believe that the market is bottoming out.
\nIn fact, transaction volume for the first four months of the year in the Core Central Region increased by 35 percent over the same period last year, it said.
\n\u201cA lot of people think Singapore is value for money because it\u2019s been downhill all the way \u2013 such a long winter,\u201d said Chandran VR, who is managing director at a real estate agency specialising in luxury properties.
\n\u201cNow they feel it is the right time to come in,\u201d he said. He added that \u201csensible investors will come here\u201d as apartment prices in Hong Kong continue to go uphill.
\nCheng Hsing Yao, group managing director at GuocoLand Singapore, said its high-end Leedon Residence project, located near the Singapore Botanic Gardens, witnessed increased foreign buying at the start of the year.
\n\u201cIn absolute numbers, it may not be that huge, but the ticket sizes are actually quite significant for some of them,\u201d he said, noting that some foreigners were snapping up homes worth between $8 million and $12 million in the project.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…\u2018Bungalow in the sky\u2019 up for sale for 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the Wallich Residence penthouse. A three-storey penthouse equipped with a private pool...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-60680","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fMI","jetpack-related-posts":[{"id":109702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ultra-rich-foreigners-turn-to-singapore-luxury-homes\/","url_meta":{"origin":60680,"position":0},"title":"Ultra-rich foreigners turn to Singapore luxury homes","date":"August 7, 2019","format":false,"excerpt":"\r Luxury residential brokerage firm Sotheby\u2019s International expects foreign ultra-high-net-worth (UHNW) investors to drive sales activity within Singapore\u2019s luxury residential segment. This comes as the geopolitical tensions in the UK and Hong Kong are enhancing the attractiveness of luxury homes within the city-state, reported Singapore Business Review. British billionaire James\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/james-dyson-buys-59m-penthouse-in-singapore\/","url_meta":{"origin":60680,"position":1},"title":"James Dyson buys \u00a359m penthouse in Singapore","date":"July 10, 2019","format":false,"excerpt":"\r Purchase comes months after British inventor revealed plans to move firm to city-stateBillionaire inventor James Dyson has bought a \u00a359m luxury penthouse, thought to be the most expensive flat in Singapore, months after the prominent Brexit supporter announced plans to move his company from the UK to the island\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29649,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-tallest-building-nears-completion-2\/","url_meta":{"origin":60680,"position":2},"title":"Singapore\u2019s tallest building nears completion","date":"October 12, 2016","format":false,"excerpt":"\r Tenant list includes Agoda and Virgin Active Tanjong Pagar Centre, Singapore\u2019s tallest building at 290 metres high, is close to full completion, said property developer GuocoLand on Monday. The 890,000-square-foot office component Guoco Tower and its basement retail space have already received the Temporary Occupation Permit (TOP). Despite a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-tallest-building-nears-completion\/","url_meta":{"origin":60680,"position":3},"title":"Singapore's tallest building nears completion","date":"October 11, 2016","format":false,"excerpt":"\r Strong take-up of offices at Guoco Tower, but many residential units remain unsold, including a $30 million super penthouse. (Photo: GuocoLand) Tanjong Pagar Centre, Singapore\u2019s tallest building at 290 metres high, is close to full completion, said property developer GuocoLand. The 890,000 sq ft office component Guoco Tower and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":60680,"position":4},"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":109217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/living-at-the-top-of-the-world-the-biggest-condos-in-singapore\/","url_meta":{"origin":60680,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60680"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=60680"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60680\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}