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).
|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|
|UED Residential, TSKY and ZACD||$411,888,333|
|Nanshan Group and Harmony Flourishing||$400,829,766|
|Sim Lian Land||$393,900,009|
|TTH Development, Santarli Capital Venture Pte Ltd and Kay Lim||$382,682,988|
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.