In a landmark sale, a stunning five-bedroom unit on the 55th floor of Skywaters Residences has changed hands for $30.87 million, marking a significant milestone in Singapore’s luxury real estate market. This sale not only highlights the allure of high-end living in the city but also sets a new benchmark for property prices in the iconic development. Priced at $5,841 per square foot, this transaction demonstrates the soaring demand for luxury residences amidst a competitive landscape.
You might find it interesting that the total area of the sold unit is an impressive 5,285 square feet. This spacious layout provides ample room for family living, entertainment, and relaxation, all while enjoying breathtaking views of the Singapore skyline. The caveat for this sale was lodged on June 19, underscoring the speed at which high-value properties are changing hands in this market.
The buyer, a Singapore Permanent Resident with ties to China, is facing an additional buyer’s stamp duty (ABSD) of 5%. This additional cost is a factor that many high-end buyers consider when investing in luxury properties, and it’s indicative of the challenges presented by the current regulatory environment. Nevertheless, the allure of a unit in Skywaters Residences appears to outweigh these considerations, showcasing the property’s desirability.
This sale follows a previous record-setting penthouse sale at Skywaters Residences, which sold for $47.34 million at an even higher price of $6,100 per square foot in May 2024. Such transactions affirm that the luxury segment of Singapore’s real estate market remains robust, attracting both local and foreign investors eager to secure a piece of this premium living experience. The statistics alone highlight the market’s resilience and the ongoing interest in high-value properties.
Skywaters Residences isn’t just another condo; it’s positioned within Singapore’s tallest tower, set to be completed in 2028. The development promises a lifestyle that blends luxury living with hotel, office, and retail spaces, appealing to those who desire convenience and modern amenities at their doorstep.
You can expect these features to attract a wide range of buyers, from affluent locals to expatriates seeking a luxurious home in one of Asia’s most vibrant cities. Investing in a unit at Skywaters Residences means more than just purchasing a property; it’s buying into a lifestyle that embodies sophistication and elegance.
With these sales, it’s clear that the luxury real estate market in Singapore is thriving, driven by a combination of local demand and international interest. As the skyline continues to evolve, properties like the one on the 55th floor will likely remain in high demand, setting new standards for luxury living in the region.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
Bloomsbury Residences is a newly launched condominium project offering a variety of unit types, from one to four-bedroom layouts, designed to cater to different buyer preferences.
The project emphasizes modern architecture and sustainability, featuring amenities such as a swimming pool, gym, and landscaped gardens.
The Bloomsbury Residences launch date is set for 2026, and it aims to attract both local and international buyers seeking quality living spaces in Singapore.
For more details on the Bloomsbury Residences floor plan and pricing, visit their website.
View Bloomsbury Residences Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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