According to source, the Wallich Residence developer is talking to three groups of potential buyers for the building’s super penthouse, despite its record asking price of more than $100 million.
The high price of this super penthouse in the tallest building of the wealthiest Asian city-state is equal to the views it has to offer. The costliest home is a five-bedroom, six-bathroom, 21,000-square feet triplex in Tanjong Pagar Center, which takes up the top three floors of the 960-feet mixed-use tower and completed last year by developers GuocoLand.
What The Super Penthouse Entails For Its Owners
The penthouse begins on the 62nd floor of the Tanjong Pagar Center. The home’s first level contains the family rooms, private garden and viewing deck as well as the five bedrooms that include the master and junior master rooms.
On the second level, the buyers can enjoy the formal dining room that goes into the 600-bottle wine room, kitchen and lounge. On the very top floor (also called the tower) is the private pool, hot tub and cabana. There’s also a kitchen, full bar and roof terrace that residents can also enjoy and entertain their guests.
The lucky penthouse owners can still access the building amenities such as its 24/7 butler service, which offers a “no request is too trivial” service. They can also take advantage of the other amenities that five-star hotel Sofitel Singapore City Center offers.
Amenities Within Tanjong Pagar Centre
Wallich Residence starts on the 39th floor of the 64-floor Tanjong Pagar Center, which is an aspiring vertical city sure to be the pivotal point of Tanjong Pagar precinct. It offers a plethora of services such as Grade-A officers, a wide array of F&B and retail options to choose from, a five-star business hotel and a luxurious 150,000 square feet urban park to enjoy. The park includes a 32,000-square feet city room – a gathering spot for various social and community events.
The super penthouse at Wallich Residence is sure to become the Singapore’s most exclusive and expensive apartment. With the strong buying interest despite the high price tag, the luxury real estate market is likely to see more buying activities in the coming months.
Since 2013, there has been a 20% or more drop in the prices for Singapore’s luxury homes. However, it appears the trend is changing – making an 180-degree turn. We are expecting a 3% to 5% increase in the prices of luxury homes just this year. The demand for these homes isn’t just coming from locals. They’re also coming from foreigners who suspect the market has bottomed out.
Nic is the founder and principle broker of CENTURY 21 EMAX Real Estate Consultants LLP. Nic starts his real estate career in 1995. He focus in providing real estate services specifically to international high net-worth individuals and corporate clients. His expertise includes luxury home finding, property investment planning & acquisition, managing buy to let property, expat home finding and business space finding.