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....