DEAL WATCH: Soleil @ Sinaran penthouse for sale at $9.5 mil

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March 5, 2018 7:00 AM SGT
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A 4,960 sq ft penthouse at Soleil @ Sinaran is on the market for $9.5 million ($1,915 psf). The five-bedroom unit is one of four penthouses in the 417-unit condominium. It occupies the entire 36th floor in one of the twin towers.
The unit comes with private lift access, its own pool and a jacuzzi, barbecue pit and roof terrace, says Haresh Malaney, key executive officer of Singapore Realty Solutions, the agent marketing the property.
The 4,960 sq ft penthouse on the 36th floor comes with a private pool (Pictures: Samuel Issac Chua/The Edge Singapore)
The seller is a permanent resident who bought the unit for $9.76 million ($1,980 psf) in 2011. He and his family lived there until they moved overseas last year. The unit is currently rented out on a lease that spans “a few years”, says Malaney. He reckons it can be leased out at about $16,000 a month in today’s market.
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Last January, a 4,715 sq ft penthouse in the other tower changed hands for $8.8 million ($1,867 psf). Two other penthouses were sold in 2014: one fetched $$10.8 million ($$2,191 psf) and the other, $9.5 million ($2,015 psf).
The 99-year leasehold Soleil @ Sinaran is located in prime District 11 and was completed in 2011
Developed by Frasers Property and completed in 2011, the 99-year leasehold Soleil @ Sinaran is located in prime District 11 and adjacent to Novena Health City, which includes Tan Tock Seng Hospital and Nanyang Technological University’s Lee Kong Chian School of Medicine. It is also near St Joseph’s Institution Junior.
Velocity @ Novena Square and Square 2, which are linked to the Novena MRT station, are adjacent to Soleil @ Sinaran.
This article appeared in the EdgeProp Pullout, Issue 820 (March 5, 2018)