A buyer has signed up to pay a record-breaking $19 million for a four-bedroom apartment at The Marq on Paterson Hill.
The posh project near Orchard Road already holds the record in terms of price per square foot but this deal will easily trump it - no mean feat given the softer market for high-end homes.
It is understood the buyer - who is from overseas - has inked a deal to purchase the 3,003 sq ft unit for just under $6,400 per square foot (psf).
The previous record of $5,842 psf was set in May with the sale of a similarly sized four-bedroom unit at The Marq on Paterson Hill, which was built by SC Global Developments.
-- ST
$19m for a high rise apartment?!
I dun think i'l see anything even close to $19m in my lifetime.
Originally posted by QX179R:A buyer has signed up to pay a record-breaking $19 million for a four-bedroom apartment at The Marq on Paterson Hill.
The posh project near Orchard Road already holds the record in terms of price per square foot but this deal will easily trump it - no mean feat given the softer market for high-end homes.
It is understood the buyer - who is from overseas - has inked a deal to purchase the 3,003 sq ft unit for just under $6,400 per square foot (psf).
The previous record of $5,842 psf was set in May with the sale of a similarly sized four-bedroom unit at The Marq on Paterson Hill, which was built by SC Global Developments.
-- ST
when depression finally comes...................lose 90% lor...................
must be a PRC
they pay the $19m just to boast nvr mind it's overpriced
If PRC, you could make a few exact replicas of the apartment in China for the same costs me thinks.
no prestige
the fact that they can pay more than people for the same sentosa cove unit and the likes give them the kick
u give them discount they don't even want
we are talking about the 暴�户 breed of PRC
diff category but same same 黑人僧
$19m.....super rich foreigner.
but will spoil market leh.....dveloper keep producing and asking for this kind of price if demand continues....then whole market artificially increase.
In a way it will definately push the price up, favouring the property agent as their commission will be higher.
dirty money must be parked somewhere.