The Marq on Paterson Hill Achieves Highest Sale 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.