Singapore held the title as the #1 wealthiest city two years ago as ranked by Business Insider, so it should come as no surprise that it is also home to one of the most expensive real estate markets in the world (and also bad Ferrari drivers and feuding political families).
With billionaires, business tycoons and even a few internationally acclaimed celebrities residing in these upscale neighbourhoods, it is only expected that the most expensive homes can cost up to US$80.8 million.
It therefore isn’t uncommon to mention Singapore and insanely expensive properties in the same sentence.
Arwaa Mansion, formerly the 110,000sf home of a Brunei royal family member, sold for a cool US$230 million. A penthouse sold for US$39 million at Le Nouvel Ardmore, an ultra-luxury apartment in trendy Tanglin; it was bought by the co-founder of Alibaba, Sun Tongyu.
The Hamilton Scotts apartments come with ‘en-suite sky garage’ – a fish-tank style elevator that allows you to prominently display your luxury cars as if they were art in your sitting room. The price of admission? At least US$6.5 million to start (your engines).
Another noteworthy mention is Sentosa Cove, a luxury housing community on Singapore’s resort island. It is unique for being the only place in the country where foreigners are allowed to purchase landed property, resulting in the ultra wealthy Chinese making a beeline there.
In 2010, a Chinese national made news by purchasing a home for US$27 million although you could snap one upfor US$11-US$37 million if you hurry.
Paterson Hill is a quiet and convenient residential area located near Orchard Road, Singapore’s renowned shopping belt. With prices averaging US$40,000 per square metre, it outdoes even New York’s Fifth Avenue (US$26,500 per square metre).
This pales in comparison to Ardmore Park where a house was sold for US$30,500 per square foot! If you live in the Orchard vicinity, you’ll rub shoulders with the likes ofcFacebook co-founder Eduardo Saverin who moved to Singapore in 2009.
You’re also likely to bump into permanent residents Jackie Chan, Jet Li or Vicki Zhao while strolling along Orchard Road, such is the inimitable appeal of the Lion City.
But the city can be stifling and for exclusivity, only the marina will do.
Situated on the historic King’s Dock, the Daniel Libeskind designed Corals At Keppel Bay provides luxury marina waterfront living typically the preserve of royalty. Note the two magic words: yacht parking (okay, berthing). With breathtaking views of Keppel Bay and the sea as well as Sentosa Island, Mount Faber, the city skyline and resplendently green fairways, it truly crowns Singapore’s southern shores and undoubtedly places her on the global map of world-class residential landmarks. With prices exceeding US$1500 psf, your ticket to exclusivity is guaranteed.