Skywaters Residences Night

A penthouse unit at the ultra-luxury Skywaters Residences has just been sold for a staggering $47.3 million, making headlines for two key reasons. Firstly, the price translates to a record-breaking $6,100 per square foot, marking the first time a 99-year leasehold property in Singapore has surpassed the $6,000 psf mark.

The buyer is believed to be a US citizen, who will benefit from similar tax treatment to a Singaporean first-time homebuyer, avoiding a hefty additional buyer’s stamp duty.

This landmark sale underscores the enduring allure of luxury residences in Singapore, particularly those offering exclusivity, unparalleled views, and a prestigious address. Skywaters Residences is part of a mixed-use development that will include offices, retail space, and a hotel upon completion in 2028. The development itself is poised to become the tallest building in Singapore, adding to its status symbol appeal.

The penthouse itself is a sprawling 7,761 sq ft sanctuary, perched on the 57th floor. It’s one of just eight palatial penthouses offered at Skywaters Residences, with the two largest units boasting a staggering 18,000 sq ft of living space. Residents will enjoy unparalleled cityscapes and a truly luxurious living experience.

This record-breaking sale is a significant indicator of Singapore’s continuing strength as a global property hub. It highlights the demand for ultra-luxury residences and the willingness of high-net-worth individuals to invest in prime real estate.