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”
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!
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.