16 Jul '17, 12am

Singapore penthouse tests luxury market

Singapore penthouse tests luxury market

DESIRABLE RESIDENCES: Prices for luxury homes in Singapore have fallen 15-20% from a 2013 peak, but industry experts are forecasting a rebound. PHOTOS: REUTERS - + The asking price for a new three-storey Singapore penthouse, complete with a private pool on the 64th floor, has reached a dizzying S$100 million (US$72.6 million). Due to be formally unveiled later this year, Wallich Residence's penthouse is in the tallest building in Singapore, the island of well-heeled stability that attracts the super-rich from its less developed Southeast Asian neighbours as well as multi-millionaires from mainland China. The "bungalow in the sky" penthouse in the GuocoLand-developed Tanjong Pagar Centre is likely to become Singapore's most expensive apartment. It will test the endurance of demand for luxury property in the city state -- the part of the market that has taken the biggest hit...

Full article: http://property.bangkokpost.com/news/1288047/singapore-pe...

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SINGAPORE (Reuters) - The asking price for a new three-storey Singapore penthouse, complete with a private pool on the 64t...

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