The recent cooling measures which require foreigners buying private property in Singapore to fork out an additional 10 percent stamp duty, is expected to curb skyrocketing property prices. And if recent transacted prices at certain luxury developments are anything to go by, the new measures could not have come at a better time. A prime example is The Marq on Paterson Hill. The latest deal involved a...
The Marq
Once again, property developer SC Global Developments has set a new record price at The Marq on Paterson Hill, selling a 3,003 sq ft, four-bedroom apartment in the Premier Tower for about S$20.5 million (S$6,850 psf). This surpassed the previous record set in August for S$6,394 psf, which in turn topped the May record of S$5,842 psf. Comprising two 24-storey towers with a total of 66 units, the Marq is a...
A new price record has been set for private property in Singapore. According to an anonymous source, a four-bedroom apartment at SC Global Developments’ The Marq on Paterson Hill has been sold for S$5,842 psf, surpassing the previous record of S$5,600 psf at The Orchard Residences in October 2007. In addition, the recent transaction at The Marq sets a new benchmark for the project, exceeding the...
But analysts divided over 2010 ‘nightmare scenario’ DESPITE healthy profits reported for subsales in the first seven months of the year, there seems to be an uneasy air looming over the property market - in particular, the slowing mid- and high-end residential segments - these days. The coffeeshop chatter found its way into public discourse last month when Wing Tai Holdings’ chairman Mr Cheng Wai...
Luxury condominium living in Singapore is booming and a string of interesting lifestyle features are now being introduced to distinguish between developments. Property developers are outdoing themselves to meet the new lifestyle needs of their customers, from individual yacht berths at The Turquoise in Sentosa Cove to pools in each unit at The Marq and Parkview Éclat. There’s even a car-lift and a car...
Without compromise, The Marq on Paterson Hill offers the design elements and spaciousness of high-end bungalow living within a luxury high rise apartment setting. Private 15 metre lap pools in every residence on every floor of the Signature Tower afford a tranquil luxury like no other, complimented by the unprecedented luxury of space with grand 6.5 metre double volume space throughout the living,...