Jackie Chan, Wakin Chau buy units at Twin Peaks condo

Movie superstar Jackie Chan and singer/song writer Wakin Chau have again picked up a few apartments – this time in Twin Peaks condo at Leonie Hill Road.

The Business Times understands that Mr Chan has bought two units on one of the lower floors of the 35-storey project, while Mr Chau purchased a unit on another floor.

The units are said to be one bedders of 571 square feet each. Units in the 99-year leasehold project are trading at an average price of about $2,850 per square foot although market watchers reckon the two celebrities would have enjoyed a discount given the star attraction they would bring to the development, which is expected to be completed around early 2014.

Mr Chau, previously known as Emil, held a concert in Singapore about a fortnight ago.

Mr Chan used to own a three-bedroom apartment in the old Grangeford Apartments which OUE bought through a collective sale a few years ago and which is being torn down for redevelopment into Twin Peaks.

Residents of Twin Peaks will have the option of engaging hospitality and housekeeping services from the Mandarin Orchard Singapore, which is also part of the developer’s group.

In March last year, the duo picked up four apartments in the freehold Centennia Suites at Kim Seng Road worth over $10 million. In that deal, Mr Chan acquired three units – two, three and four bedders making up an entire floor – while Mr Chau purchased a three bedder. The average price in the project then was reported at about $2,000-2,100 psf.

Mr Chan also bought the former Jinriksha Station at 1 Neil Road in late 2007 for $11 million.

Twin Peaks comprises two identical 35-storey towers with a total of 462 units, offering a mix of one, two and three-bedroom apartments. OUE began selling units in the project in July last year and to date more than 50 units have been sold. The highest price achieved in the development is $3,170 psf.

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