Just 2 years ago in 2018, a record was broken in the realm of executive condos in Singapore.

There was a big commotion about this Sumang Walk purchase – and with good reason too.

It broke the record for the most expensive land purchase for an executive condo at $509 million.

While also registering the second highest number of bids for the land at 17 bids (not far off from the record 19 bids).

Developer Bid
CDL $509,370,000
Qingjian Realty $486,000,000
Yanlord and Solibuild $450,000,888
Hoi Hup and Sunway $446,600,000
Sing Development, FEC and Changi $431,688,338
Evia Real Estate & Gamuda $426,368,889
MCC Land $413,700,000
UED Residential, TSKY and ZACD $411,888,333
Frasers Property $409,000,000
Nanshan Group and Harmony Flourishing $400,829,766
GLL C $397,533,000
Sim Lian Land $393,900,009
JBE Properties $393,900,000
Peak Opal $387,100,000
TTH Development, Santarli Capital Venture Pte Ltd and Kay Lim $382,682,988
MCL Land $382,000,000
HB Lombard $373,808,000

The best part?

All 17 bids surpassed the previous record set in July 2013 for the current Lake Life site.

Since then, its launch set another record too – it was the first time average prices for an executive condo has crossed the $1,000 psf mark.