Luxury Unit on 55th Floor of Skywaters Residences Sells for Over S$30 Million
In a stunning display of Singapore’s luxury property market, a five-bedroom unit on the 55th floor of Skywaters Residences has been sold for a staggering S$30.87 million, setting a new benchmark for high-rise residential sales. The eye-popping price translates to approximately S$5,841 per square foot (psf), according to figures reported by EdgeProp.
This transaction is now one of the highest psf prices ever paid for a 99-year leasehold condominium in Singapore, further underlining the robust demand for ultra-luxury real estate among high-net-worth individuals. Such record-breaking deals come at a time when prime properties continue to attract both local and foreign investors seeking prime city-centre addresses.
The unit was purchased by a Singapore Permanent Resident (PR), who will incur an additional 5% Buyer’s Stamp Duty (ABSD) due to their residency status. This move reflects the government’s continued efforts to moderate the property market while ensuring that only serious buyers enter the high-end segment.
Direct MRT Access Adds Unmatched Convenience
Skywaters Residences is strategically located at 8 Shenton Way, in the heart of Singapore’s Central Business District. The development offers unparalleled connectivity by being directly linked to Tanjong Pagar MRT station, making it highly attractive to buyers who value transport convenience in the city centre.
Upon completion in 2028, Skywaters will become Singapore’s tallest building at 305 metres, overtaking the current record holder, Guoco Tower, by 15 metres. The mixed-use project will house 190 luxury residential units from the 27th to 63rd floors, along with an array of ultra-premium features, including an Aman Hotel and branded Aman Residences.
Lower levels will be occupied by Grade-A offices and a retail mall spanning Basement 1 to Level 2. Residents will also enjoy exclusive parking from Basements 2 to 4, adding convenience and privacy to their luxury living experience.
Skywaters Penthouse Sets Previous Record
Last year, Skywaters Residences made headlines when one of its penthouses sold for an astonishing S$47.43 million, working out to an unprecedented S$6,100 psf — the highest psf ever achieved for a 99-year leasehold property in Singapore. The recent S$30 million deal for the five-room unit has now surpassed prices of iconic penthouses like the one at The Orchard Residences, which sold for S$28.27 million back in 2007.
Skywaters’ luxurious offerings are expected to cement its place as one of Singapore’s most prestigious addresses, attracting both investors and owner-occupiers looking for prime real estate in the city’s skyline. With direct MRT access, integrated commercial and hospitality components, and record-setting prices, Skywaters Residences looks set to redefine high-end urban living in Singapore.