Triplex penthouse at Mount Faber Lodge going for $4.8 mil

/ EdgeProp Singapore
September 7, 2019 10:00 AM SGT
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SINGAPORE (EDGEPROP) - Those who want a penthouse with a vantage point of the future Greater Southern Waterfront from the comfort of their own balcony need look no further than the triplex penthouse at Mount Faber Lodge.
Perched on the slope of Mount Faber Hill, the freehold Mount Faber Lodge stands out for its red-brick façade. The project was completed in 1983 and contains just 84 units. The project has sizeable units, ranging from 1,098 sq ft studios to two-bedroom units from 1,173 sq ft and three-bedroom units from 2,454 sq ft. The penthouses are all five-bedroom triplexes, occupying the sixth to eighth floors and sized from 3,703 to 3,724 sq ft. There just 20 such penthouses within the development.
Perched on the slope of Mount Faber Hill, the freehold Mount Faber Lodge stands out for its red-brick façade (Picture: Samuel Isaac Chua/EdgeProp Singapore)
Early last year, at the height of the en bloc fever, some of the owners of Mount Faber Lodge had attempted a collective sale, but it never got off the ground.
On the market is one of the penthouses at Mount Faber Lodge: a 3,703 sq ft, triplex penthouse with a price tag of $4.8 million ($1,296 psf). Jon Lau, senior associate sales director at SRI, is the exclusive marketing agent. Owing to the generous unit sizes and the unblocked views from the balcony on the seventh floor, most of the penthouses are owner- occupied. As such, the penthouse that Lau is marketing is one of the rare few currently on the market.
A 3,703 sq ft, triplex penthouse with a price tag of $4.8 million ($1,296 psf) is on the market. (Picture: Jon Lau/SRI)
The owner is said to be a British expatriate family, and they are selling the unit as they are moving back to the UK, says Lau. The penthouse was purchased by the owners 8½ years ago for $3.98 million. They spent more than $800,000 on gutting and renovating the penthouse to suit their needs. The interiors of the penthouse were designed by Janet McGlennon, an interior designer who has been based in Singapore for the past 15 years. Her designs include luxury residences such as a bungalow in Dalvey Estate, a penthouse in d’Leedon and a show unit at Nouvel 18 luxury condo.
The penthouse at Mount Faber Lodge features an open-concept kitchen with high-end Miele appliances, including food warmers, oven, double-door refrigerators, wine chiller and dishwasher. The bathrooms have also been renovated, and feature top-end bathroom fittings and sanitary wares. The kitchen and dining room are on the first floor of the triplex penthouse. The living room – which has a balcony and entertainment area – and two of the bedrooms are on the second level. On the top floor are the master suite and two other bedrooms.
For price trends, recent transactions, other project info, check out the Mount Faber Lodge project research page
The kitchen is filled with Miele appliances worth close to $30,000 (Picture: Jon Lau/SRI)
The master suite comes with an en suite master bathroom and walk-in wardrobe. It has a balcony facing the greenery of Mount Faber Park. One of the bedrooms on the top level is a guest room; the other has been converted into an art studio for the owner’s wife who is an artist. “The natural lighting and view from the room are ideal for an art studio,” notes SRI’s Lau.
While the bedrooms of the triplex penthouse enjoy a view of Mount Faber Park, the living room, dining area and kitchen have unblocked views of the marina at Keppel Bay. “On top of the generous living space, which are mostly enclosed, you enjoy a lot of privacy as well as unblocked views,” says Lau. “The next owner will enjoy a ringside view of the the Greater Southern Waterfront, and the capital appreciation that comes with it.”
The en suite bathroom of the master bedroom with double vanity wash basins, a bathtub and shower (Picture: Jon Lau/SRI)
The penthouse at Mount Faber Lodge was put on the market just three months ago, and has attracted interest, especially from other expatriates who like the unit size, views and location amid the greenery, adds Lau.
With an asking price of $1,296 psf, freehold tenure and location in District 4, Lau sees the penthouse as attractively priced. Announcement of the plans for the upcoming Greater Southern Waterfront has certainly created a lot of interest in the new launches in the area, he adds.
Units at the 99-year leasehold, Kent Ridge Residences (a redevelopment of the former Vista Park) on South Buona Vista Road have been seeing brisk sales, with at least 221 units snapped up at an average price of just under $1,700 psf, according to caveats lodged with URA Realis.
The freehold, 262-unit Sky Everton (redevelopment of the former Asia Gardens) on Everton Road on the CBD fringe, which was launched in June, has seen 146 units snapped up at prices averaging $2,540 psf.
An upcoming launch nearby is the 99-year leasehold, 1,074-unit Avenue South Residence, with prices starting from $1,780 psf.
For those who want a completed unit that they could move into immediately, the penthouse at Mount Faber Lodge could be an attractive alternative, says Lau.
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