Melissa Tan
The Straits Times
Thursday, Nov 28, 2013
A mega "super penthouse" to be built on Guocoland's Clermont Residence in Tanjong Pagar could be the largest of its kind in Singapore - and that's not just a reference to the estimated $30 million price tag.
"Super penthouse" at Tanjong Pagar to cost $30m
Click on thumbnail to view. Story continues after photos. Photos: Clermont Residence website, GuoccoLand
A mega "super penthouse" to be built on Guocoland's Clermont Residence in Tanjong Pagar could be the largest of its kind in Singapore - and that's not just a reference to the estimated $30 million price tag.
View from the top of the building.
The three-storey home will be a staggering 21,108 sq ft - a five-room Housing Board flat is only about 1,200 sq ft - and will come with a dedicated private lift, a pool and a glass-floored cantilevered balcony.
Its indicative price is said to be $30million, which would also catapult it into the ranks of the most expensive penthouses here.
Consultants said it would likely appeal to rich investors. Chesterton Singapore managing director Donald Han said it would likely appeal to foreigners, who are not allowed to buy good-class bungalows (GCBs) in Singapore.
A mega "super penthouse" to be built on Guocoland's Clermont Residence in Tanjong Pagar could be the largest of its kind in Singapore - and that's not just a reference to the estimated $30 million price tag.
"It could be someone who would buy it and use it for entertainment... to show they've already arrived."
Century 21 chief executive Ku Swee Yong noted that it was even bigger than some GCBs which, he said, typically have a built-up area of up to around 10,000 sq ft. "It would be like living in a GCB up in the sky," he said.
The "super penthouse" occupies the top three floors of the 64-storey Clermont Residence and is estimated to be more than 250m above ground.
However, market watchers speculate that the unit could eventually be sold to Guocoland insiders. The company is controlled by Malaysian billionaire Quek Leng Chan.
"I'm sure it was built for a purpose. It could even be reserved for him (Mr Quek)," Mr Han said.
The three-storey home will be a staggering 21,108 sq ft - a five-room Housing Board flat is only about 1,200 sq ft - and will come with a dedicated private lift, a pool and a glass-floored cantilevered balcony.
Its indicative price is said to be $30million, which would also catapult it into the ranks of the most expensive penthouses here.
Consultants said it would likely appeal to rich investors. Chesterton Singapore managing director Donald Han said it would likely appeal to foreigners, who are not allowed to buy good-class bungalows (GCBs) in Singapore.
"It could be someone who would buy it and use it for entertainment... to show they've already arrived."
Century 21 chief executive Ku Swee Yong noted that it was even bigger than some GCBs which, he said, typically have a built-up area of up to around 10,000 sq ft. "It would be like living in a GCB up in the sky," he said.
The "super penthouse" occupies the top three floors of the 64-storey Clermont Residence and is estimated to be more than 250m above ground.
However, market watchers speculate that the unit could eventually be sold to Guocoland insiders. The company is controlled by Malaysian billionaire Quek Leng Chan.
"I'm sure it was built for a purpose. It could even be reserved for him (Mr Quek)," Mr Han said.
PrintA mega "super penthouse" to be built on Guocoland's Clermont Residence in Tanjong Pagar could be the largest of its kind in Singapore - and that's not just a reference to the estimated $30 million price tag.
Click on thumbnail to view. Story continues after photos. Photos: Clermont Residence website, GuoccoLand
The three-storey home will be a staggering 21,108 sq ft - a five-room Housing Board flat is only about 1,200 sq ft - and will come with a dedicated private lift, a pool and a glass-floored cantilevered balcony.
Its indicative price is said to be $30million, which would also catapult it into the ranks of the most expensive penthouses here.
Consultants said it would likely appeal to rich investors. Chesterton Singapore managing director Donald Han said it would likely appeal to foreigners, who are not allowed to buy good-class bungalows (GCBs) in Singapore.
"It could be someone who would buy it and use it for entertainment... to show they've already arrived."
Century 21 chief executive Ku Swee Yong noted that it was even bigger than some GCBs which, he said, typically have a built-up area of up to around 10,000 sq ft. "It would be like living in a GCB up in the sky," he said.
The "super penthouse" occupies the top three floors of the 64-storey Clermont Residence and is estimated to be more than 250m above ground.
However, market watchers speculate that the unit could eventually be sold to Guocoland insiders. The company is controlled by Malaysian billionaire Quek Leng Chan.
"I'm sure it was built for a purpose. It could even be reserved for him (Mr Quek)," Mr Han said.
