According to Swee Shou Fern, Edmund Tie executive director of investment advisory, the relaunch of Elizabeth Towers for collective sale follows strong buying demand in the Singapore luxury residential market over the past year. Notable transactions this year include a 8,385 sq ft penthouse at
Hilltops sold for $33.5 million or $3,995 psf in April; a 3,057 sq ft apartment at
The Ritz Carlton Residences sold for $15 million or $4,907 psf in October; and a 12,077 sq ft penthouse at
Les Maisons Nassim sold for $75 million or $6,210 psf, also in October.