{"id":12597,"date":"2017-11-24T17:00:05","date_gmt":"2017-11-24T09:00:05","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=12597"},"modified":"2022-07-01T04:10:22","modified_gmt":"2022-06-30T20:10:22","slug":"luxurious-penthouses-singapore","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/luxurious-penthouses-singapore\/","title":{"rendered":"Ultra luxurious penthouses in Singapore"},"content":{"rendered":"
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The concept of penthouses originated from\u00a0The Roaring Twenties<\/em>\u00a0in the 1920s, when North America, Western Europe and other developed nations experienced strong economic growth and construction boom. This widespread affluence and increased demand for living in the city have given rise to luxury developments on the top floor(s) of buildings \u2013 referred to as \u201cbungalows in the sky\u201d by some.<\/p>\n

In general, penthouses are fully loaded with lavish amenities, higher ceilings, larger floor spaces, superior finishes as well as a panoramic view of the city skyline. Some even consist of private elevators and swimming pools, offering privacy and modern luxury in a community living environment.<\/p>\n

Mr. Tan Tiong Cheng, the President of Knight Frank Asia Pacific, recalls that the earliest residential penthouses in Singapore were believed to be atop office developments in the Central Business District (CBD). Such examples include Shing Kwan House, Robina House, UIC Building, Marina House and International Plaza \u2014 which were initially solely commercial developments in 1968-1969, but were later granted bonus floor area by the government to develop apartments.<\/p>\n

So how expensive is a luxury penthouse today and what are the features of such developments? Let\u2019s look at some of the recent transactions or penthouse units available in Singapore:<\/p>\n

1. Guocoland\u2019s Wallich Residence<\/strong><\/h3>\n

Asking Price: S$108 million<\/p>\n

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(Credits<\/a>)<\/p>\n

Singapore\u2019s tallest residential development and a 99-year leasehold project on the\u00a039th to 64th floors of Tanjong Pagar Centre<\/a>, GuocoLand\u2019s Wallich Residence is expected to be granted its Temporary Occupation Permit (TOP) later this year. This is a mixed development project with offices (known as Guoco Tower) below the apartments.<\/p>\n

Wallich Residence\u2019s super penthouse occupies Levels 62 to 64. As a 21,108 sq ft triplex unit, it offers 5 bedrooms, each with its own en-suite bathroom. In addition, an expansive walk-in closet is also included in the master bedroom and junior master bedroom. What\u2019s more, residents of the super penthouse will get to enjoy the services of a dedicated butler as part of the Wallich Butler Service.<\/p>\n

As its construction began in February 2011, Wallich Residence has a remaining tenure of about 92.5 years.<\/p>\n

Other features:<\/p>\n