Unit at The Marq on Paterson Hill sold for $29.5 mil

SINGAPORE (EDGEPROP) - There has been a flurry of transactions at The Marq on Paterson Hill since end-September, with four units sold so far, based on caveats lodged as at Oct 29. And these are not the 3,089 sq ft units in the Premium Tower, but the 6,232 to 6,308 sq ft units in the Signature Tower.
A 6,308 sq ft, four-bedroom unit at the Signature Tower of The Marq on Paterson HIll was recently sold for $29.5 million or $4,677 psf (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Prices of the four units sold have ranged from $23 million ($3,690 psf) to $29.5 million ($4,677 psf) – which was for a 6,308 sq ft unit, the latest deal and highest in both absolute and psf price terms, according to a caveat lodged on Oct 16. The other two units of 6,232 sq ft each went for $25 million ($4,011 psf) and $25.5 million ($4,092 psf), based on caveats lodged on Oct 7.
The Marq on Paterson Hill contains just 66 units. Completed in 2011, the freehold, luxury project was developed by SC Global Developments headed by its founder and chairman, Simon Cheong. The project set the benchmark for luxury condos back in 2007, when it became the first development at which unit prices crossed the $5,000 psf threshold; and again in 2011, when unit prices surpassed $6,000 psf.
The triplex penthouse next to the one purchased by Malaysian fugitive Jho Low, was recently sold for $32 million or $4,146 psf - about $10.9 million below what Low paid for it six years ago (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Meanwhile, at TwentyOne Angullia Park, the second of two 7,718 sq ft, super penthouses was sold for $32 million ($4,146 psf), according to a caveat lodged on Oct 2. The price is $10.9 million lower than the $42.9 million ($5,560 psf) paid by Malaysian fugitive financier Jho Low for the other penthouse next door in June 2013. Low had purchased the unit directly below as well, a 2,260 sq ft, three-bedroom unit on the 33rd floor that fetched $11.53 million ($5,099 psf) at that time.
The penthouse was sold by Angullia Development, the developer of the 54-unit luxury condo tower that was...