Crazy, rich real estate: Will cooling measures affect super penthouse sales?

Observers divided on whether cooling measures will affect super penthouse sales

An artist's impression of Sculptura Ardmore. A new record was struck in 2017 by Facebook co-founder Eduardo Saverin, who picked up a 10,300 sq ft super penthouse for close to $60 million, or around $5,650 psf. Reflections at Keppel Bay's $12.2 millio
An artist's impression of the super penthouse - akin to a "bungalow in the sky" - at GuocoLand's Wallich Residence. It has a pool, cabana, bar, entertainment area, jacuzzi and panoramic views. PHOTO: GUOCOLAND.
An artist's impression of Sculptura Ardmore. A new record was struck in 2017 by Facebook co-founder Eduardo Saverin, who picked up a 10,300 sq ft super penthouse for close to $60 million, or around $5,650 psf. Reflections at Keppel Bay's $12.2 millio
Reflections at Keppel Bay's $12.2 million four-bedroom duplex penthouse is up for sale. Luxury penthouses in some of the most coveted addresses here have long appealed to well-heeled foreigners or permanent residents. ST PHOTO: GIN TAY
Grace Leong
Senior Business Correspondent
Updated
Published
August 26, 2018 at 5:00 AM
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One glance from the 62nd floor of GuocoLand's Wallich Residence - with its commanding 270-degree view of the Singapore Strait, most of the country's skyline and famous landmarks - will underscore just why super penthouses like this are considered such trophy assets by the mega-rich.

The 99-year leasehold Wallich Residence super penthouse - the largest non-landed residence here - sits atop Singapore's tallest building at Tanjong Pagar Centre.

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A version of this article appeared in the print edition of The Sunday Times on August 26, 2018, with the headline Crazy, rich real estate: Will cooling measures affect super penthouse sales?. Subscribe

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