Top 10 Luxury Homes in Singapore Available for Purchase.

Luxury homes are a highly sought-after sector of the Singapore property industry. The ultra-high net worths of the country invest in luxury housing for a comfortable setting. Foreign investors, on the other hand, find these rare houses an excellent source of investment.

Now, one might wonder…

What is the extent of these luxury homes’ demand in Singapore?

In today’s time, the demand for luxury homes is outstripping the supply!

Demand for premium big luxury units is in fact super high. Apartments above 3,000 sq ft in prime districts are becoming a rare breed as we speak.

Only recently, a luxury house was sold at record pricing. The house in question is a 4-bedroom unit in Ardmore park on the 25th floor. The 2,885 sq ft unit was sold at S$10.8 million (S$3,744 psf) in August 2021.

Luxury homes are not only making records in price and demand. Their rental yield has also been groundbreaking. A GCB sitting on a land area at Ewart Park is a fine example. Stretching upon more than 32,000 sq ft, it was leased at S$100,000 a month, this July.

Why do luxury homes have such high demand?

Because buyers are snatching them up soon after they get available.

Big luxury units have greater usable space.
Are rare to find hence can be sold at greater profit.
Excellent habitat for foreigners to settle in.
Singaporeans can lead the market at 20% above their purchase price.
Foreign buyers get a more balanced lifestyle to settle in a secured place.

Check out the Top 10 luxury homes in Singapore available now (Developer sales).

Here are the top 10 Singapore luxury houses if you are looking to grab a luxury home yourself. The wholesome snapshot of these houses will help you to get a complete picture of each project. You can make an informed decision on which luxury house suits you the best. So, let’s dig in straight away without wasting any more time!

Lowest PSF

Turquoise

Status: TOP – Ready to move in

Starting from S$1,682 psf.

Turquoise luxury homes — Source: Edgeprop

Pros:

Turquoise offers the best value in psf. Sentosa area’s last highest transaction was in October 2007 at S$2,772 psf. Now, you can buy luxury units here at an even lower price of S$1,682.

Since the price is low, you have an excellent potential to sell the house at a greater price in future. The increasing demand for luxury houses will add to your future capital appreciation.

Cons:

Amenities are a little drive away on the main island.

Meyer House

Status: BUC – Building under construction

Starting from S$2,426 psf.

Pros:

Meyer House is known as the Nassim Park Residence of the East! Nassim Park is one of the most expensive projects near Orchard Road. It is renowned for its low rise luxurious landscape and layout. And Meyer House boasts its reputation with the lowest psf.
If you are looking for a luxury house at a competitive lower rate, this is your take.
The building is still developing. Hence, you can pace your payments without overwhelming stress.

Cons:

Meyer House is not located in the Core Central Region (CCR). It is located in District 15. It is listed in the luxury category because it is close to the luxury homes. And boasts premium surroundings much like CCR.

Lowest Quantum

Marina Collection

Status: TOP – Ready to move in

Starting from S$4.2 million

Marina Collection — Source: Sentosacove360

Marina Collection luxury homes — Source: Sentosacove360

Pros:

Located in Sentosa, just beside the prestigious Yacht Club, One Degree 15.
Waterfront lifestyle.
Spectacular view overlooking the yacht bay.
In Jan 2008, a similar size unit was sold at S$6.36 million (S$2,185 sq ft.) Now, this unit is offered at almost 50% discount, with exactly the same amenities and facilities.

Cons:

It is 99-year leasehold property. If you are looking for a freehold property, this may look like a hindsight. But 99 year is a decent time to stay full, wholesome years with your family.
Amenities are a little drive away on the main island.

Leedon Green

Status: BUC – Building under construction

Starting from S$3.9 million (2,612 psf.)

Leedon Green luxury homes — Source: Leedon Green

Pros:

Lowest quantum for a 4 bedroom unit in Core Central Region (CCR).
Big landscape of 316,711 sq ft (FH).
Previously known as Tulip Garden, it holds one of the enbloc record prices at S$1,790 psf in the surrounding area..

Cons:

Away from city hubbub, the house is at a distance from city amenities and orchard malls.

Spacious Units

Marina One Residences

Status: TOP – Ready to move in

Grand space of 8,708 sq ft

Pros:

Penthouse in premium district CBD.
Breathtaking sea and marina view.
Developed by M+S Pte Ltd. A joint venture of Investment Fund Khazanah Nasional and Singapore’s investment company, Temasek Holdings.
Connected to Marina Coastal Expressway. Thus, opening citywide commute to Marina One residents.
Integrated development with Grade A offices and MRT link right below the project.
Therefore, high in demand since mixed developments are at rise.
Greater chance of good rental yield due to Grade A offices in the building.
Excellent commute systems via MRT can be a great selling point and rental benefit.
Moreover, it offers excellent gastronomic and lifestyle options.

Cons:

The area is in the heart of CBD. There are no nearby schools. So, families with growing children will have to commute farther to attend school.

Meyer House

Status: BUC – Building under construction

Spacious at 3,204 sq ft

Lowest PSF at S$ 2,426 psf

Pros:

Spacious and efficient layout to accommodate luxurious resort lifestyle.
Nassim Park is one of the most expensive projects near Orchard Road. It is renowned for its low rise luxurious landscape and layout. And Meyer House boasts its reputation with the lowest psf.
It is an ideal ultra luxury home at a fraction of the price.
Can pace your payments as the building is still under construction.

Cons:

3,204 sq ft is the largest unit available. Hence, if you are looking for a brand new 4-bed BUC unit, that is the maximum you will get.
The house does not fall under CCR. It is located in District 15, which is a favourite of old rich Singaporeans. The area is close to premium districts as well. So, you can enjoy all the amenities of nearby premium districts. And yet, enjoy a luxury house at a reasonable price.

Most luxurious homes in Orchard Road

3 Orchard Road by the Park

Status: TOP – Ready to move in

Starting from S$7.97 million (S$3,528 psf)

3 Orchard Road by the Park — Source: Singapore 3 Orchard by the Park

Pros:

Located at Orchard Boulevard right next to Tanglin Shopping Mall (FH).
Just 2 minutes away from the future Orchard Boulevard MRT Station. You can live a vibrant lifestyle in the centre of the district with the MRT so nearby.
The view from 3 Orchard by the Park is a vision in itself with spectacular landmarks all around.
Park Nova development nearby is the most expensive project in the area. The state of the art development will add to your home’s unique beauty in the future.
The Cuscaden reserve landmark will add on to the aesthetics of the landscape.
Selling at a competitive price compared to its premium factor.
The area is reputed to have one of the highest residential government land sales at 2,377 psf. This is because it is a brand new development by SC Global as well as a 99 year leasehold Cuscaden reserve. Usually, a 4-bed 99-leasehold unit like this sells around S$3,648. In comparison, this is a FH brand new condo. And it is selling at the best value of S$3,528. That too at fully completed, ready to move in condition.

Cons:

Construction of Cuscaden reserve and Park Nova is going on right beside it. So, you may find it an eye sore, but that is only temporary. Once the construction is completed, these establishments will add to its architectural beauty. This will very well go on to add to your capital appreciation in future if you decide to sell the house.

Park Nova

Status: BUC – Building under construction

Starting from S$13.49 million

Pros:

The site is located at a cross junction of Tomlinson road and Orchard Boulevard. Hence, positioning the house at a superior location.
The limited supply of the land and supreme location is worth the cost of the land at S$2,910 psf per plot ratio.
An ultra luxurious project by the reputable Shuntak, assuring quality.
The architecture and the fittings of Park Nova are of super luxurious category.
Formed in the shape of a butterfly, the building is an eye-catching vision.
The vertical garden, sky terrace, jacuzzi and lounge are some of its mentionable features.
The building is optically positioned to capture the best views of Singapore.
Its demand is super high. As most of the biggest units were sold at launch on the very same day.
It offers rare units, high demand, great investment!
The largest penthouse of Park Nova is sold at S$5,838 psf. This is a record breaking price for Orchard Boulevard area’s properties. Such large units are hard to find. And always in demand, especially by foreigners. So, the house has great potential for capital appreciation on sale in future.

Cons:

It is right next to the Cuscaden road.
Also bears close proximity to surrounding high rise buildings.

Super Penthouse

Reflection

Status: TOP – Ready to move in

Price: S$68 million

Reflection luxury homes — Source: Edgeprop

Pros:

If you are looking for the largest luxurious penthouse – this is your take!
Has a huge Gross Floor Area (GFA) of 13,293 sq ft to accommodate your family.
Boasts the auspicious number 88 from 39th – 41st floor.
6 bedroom triplet units.
Unblocked breathtaking view of Sentosa Island and the Marina at Keppel Bay.
The living room of the penthouse is shaped like the prow of a ship.
Full-height glass windows offer uninterrupted 270-degree views of the sea.

Cons:

It is a 99 year leasehold property. If you are looking for a freehold property, this may look like a hindsight. But 99 years is a decent time to stay full, wholesome years with your family.
The house is perfect for tranquil habitat. But it is a little distance away from CBD and Orchard Road. So, you have to take a drive to mingle in the city hubbub.

HOT selling TOP project since the start of 2021

Nouvel 18

Status: TOP – Ready to move in

As of 21st Oct 2021, 54 units have already been sold!

Starting from S$2,992 psf

Pros:

(FH) Located at Anderson Road next to the prestigious Ardmore Park Enclave.
The neighbourhood is home to the rich and famous.
It is designed by the renowned French architect, Jean Novel.
It is fully completed and ready to move in condition.

Cons:

The project was completed back in 2014. But it is only launched in 2019.
The project is at a distance from the Main Orchard Shopping belt. But given its high demand, the project certainly outweighs the upside compared to the downsides.

Now, the review of the top 10 hot cake properties is in front of you. Which one should you choose? Before you decide, check out the profile of luxury home buyers in Singapore. This will give you a clear vision of your preference in choosing the house.

Profile of luxury homes buyers in Singapore

Singaporeans are One-Up from foreigners from the very beginning!

While most foreign buyers are interested in units above 3,000 sq ft, locals settle for smaller units. Take Jervois Mansion for example. The units of this mansion range from 700-1500+ sqft. The buyer’s profile of this mansion consists of 84.2% Singaporeans. Why?

Because Singaporeans prefer smaller units as they cost less. They can own a house in a premium space at a reasonable price. It is an excellent investment for them as they can rent it out easily to foreigners. As foreigners seek luxury houses in premium districts.

Besides, Singaporeans can buy their first house without any Additional Buyer’s Stamp Duty (ABSD). They can buy the luxury home at approximately 20% less price. So, if they sell the house to a foreigner, they would already have 20% capital appreciation. Whereas foreigners have to start from ground zero. This is a great opportunity to mint profit in a competitive market.

Foreign investors for luxury houses keep growing every year.

The top foreign buyers come from China, Indonesia, the USA, Canada and Malaysia.

According to the Monetary Authority of Singapore (MAS), 400 single family offices are set up in Singapore as of 2020. The rate of growth has tripled since 2019. Even the pandemic could not discourage their interest in Singapore luxury houses. In 2021, property transactions by foreign buyers have increased by 62.7% compared to last year.

Why?

Because luxury houses in premium districts give them a balanced lifestyle to create wealth. Wealthy foreign buyers come to Singapore to settle with their families. So, they need at least a 4-bed apartment.

They benefit from the excellent healthcare and education system of Singapore. And luxury houses make a nice and secure living to enjoy their life.

Plus, big luxury homes in GCB and CBD areas are rare. So, buyers take this excellent opportunity to purchase the units available. That way, if they want to sell the house in the future, it will always be in demand. Thus, giving them a remarkable opportunity to earn good profit on sales.

Hmm….now you know where you stand!

So, think! Why do you want to buy a luxury home?

Is it for investment or to stay?

Would you like a lower priced unit?

Or, are you after the ripest, biggest house of the bunch?

Pour in our TOP 10 Reviews of luxury homes here. Vet out the pros and cons. And make an informed decision on what YOU want.