The Marq on Paterson Hill Achieves Highest Sale PSF

The Marq on Paterson Hill Achieving Highest PSF

The news is out.

The Marq on Paterson by SC Global has achieved the highest ever done pricing on per square foot level (psf) at $5,842, crossing the figure of $5,600 done by The Orchard Residences (Capitaland and Sun Hong Kai) in October 2007.

The record breaking apartment in The Marq is a 4-bedroom that was sold for a whooping $17.5m.

Only three ultra-luxury projects has achieved a benchmark price of over $5,000psf this far, namely The Ritz-Carlton Residences, The Orchard Residences and The Marq on Paterson Hill.

These news could spark interests in a comeback on the luxury segment since the prices hasn’t been able to achieve a new height since 2007.

Upcoming projects that luxury segment investors could look into are The Orange Grove, Nassim Park Residences which are going to TOP this year, and pre-TOP projects such as Scotts Square, The Hamilton Scotts, Alba, Hilltops.

2 thoughts on “The Marq on Paterson Hill Achieves Highest Sale PSF

  1. If I pay up that much money to a property, I would rather prefer to not have that much crowd around me! A French Chateau sitting in 15 hectares of private land like the one goes for 3 – 7 million USD and a 4+1 room box is 17 million SGD!

    1. There’s always a difference and a preference choice on property choices that the ultra high network individuals choose :) In this case, it’s a showcase of wealth when they picked up the Marq to let everyone know that they do have such capabilities :)

      Also, it’s Singapore, where its politically stable and it has proven that even property market is almost on a safe haven level on prices.

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