Singapore luxury condo reaches out to global market

A sky villa and two penthouses of the luxury Leonie Parc View condominium will go under the hammer on June 8 in a by-invitation-only auction conducted by Colliers International and Christies’ Great Estates exclusive affiliate Ken Jacobs.

The freehold, 29-storey property is developed by Soilbuild Group Holdings and consists of one sky villa, three penthouses, and 40 four-bedroom apartments. There is also a “sky sanctuary” on the 14th level.

The sky villa and the penthouses, located on the top floors, offer a panoramic view of the city skyline.

There is also a private lap pool on the upper level of the double-storey, 6,975-square-foot sky villa.

The penthouses — each measuring between 2,906 sq ft and 3,003 sq ft — are served by private lifts.

“An international auction is another effective way of introducing ultra-high-end projects to well-heeled buyers from all over the world,” said Ms Grace Ng, deputy managing director of agency and business services for, and auctioneer of, Colliers International.

“We expect the sky villa and penthouses at Leonie Parc View to appeal to both foreign and local investors, commanding prices in the region of $3,200 to $3,600 psf.”

The project has been well received at Soilbuild roadshows conducted in Hong Kong and Indonesia, with about 18 out of the 20 apartments offered being sold to date.

The remaining apartments will be offered to the Singapore market at a later date.

Source: Weekend Today, 26 May 2007

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