Discover a unique opportunity to own three extraordinary penthouses at Parkview Eclat, a freehold condominium on Grange Road in District 10. Finished about 16 years ago, this Art Deco-themed residence showcases the signature design of American architect James Adams.

Adams built his reputation through projects like the Forum Casino in Las Vegas, the MGM Grand Casino in Detroit, and Macau’s Galaxy Casino and Resort.

Parkview Eclat was developed by Chyaw Fwu Development, part of the Hong Kong-based Parkview Group. This private conglomerate traces its origins to the Chyaw Fwu Group, established in Taiwan in the 1950s by CS Hwang.

Hong Kong’s Parkview Group controls Hong Kong Parkview and Singapore’s iconic Parkview Square, often known as “Gotham City.” They also invest in developments across China and Europe, showing their global reach.

Their Beijing project, Parkview Green, includes office, hotel, and retail facilities. In France, they own the Le Beauvallon in St Tropez and the Château de Coligny outside Paris.

Summary of Parkview Eclat’s Luxury Appeal

Parkview Eclat reflects a past era of luxury condos with its large units and premium features, like 3.5m spa pools on every balcony. All bedrooms have their own bathrooms, and each unit includes quality fittings from Zucchetti, Gaggenau, and De Dietrich.

During its May 2007 launch, Parkview Eclat units averaged $3,254 psf. One four-bedroom unit hit $4,180 psf, indicating the robust demand at that time.

The developer held on to the three penthouses, intended for personal use. Now they have been released for sale again, giving buyers the chance to acquire prized real estate.

A Look at the Three Penthouses

A 10,215 sq ft duplex on levels 20 and 21 serves as the super penthouse. It has a dedicated lap pool, a spiral staircase, a glass lift, and ceilings reaching up to 4.8m.

Below that super penthouse are two junior duplex penthouses, each sized at 5,900 sq ft. These units boast 6.8m ceilings and ample space to accommodate five bedrooms.

They were earlier marketed at $45 million for the super penthouse and $26 million for each junior unit. In January, Chyaw Fwu put them back on the market, with CBRE’s Tricia Ang leading the sales effort.

New Pricing Details

The super penthouse now carries a $56 million ($5,482 psf) asking price, and each junior penthouse is offered at $26 million ($4,408 psf). This collection totals $108 million.

According to Ang, this pricing aligns with other top-tier properties. For example, The Ritz-Carlton Residences has a 6,501 sq ft triplex penthouse listed at $39 million ($5,999 psf).

Ang highlights that the penthouses have never been renovated. Owners can decide how to finish them, which allows creative freedom for design and interior features.

A buyer could merge the junior penthouses into a 10-bedroom home or even acquire all three for a “Good Class Bungalow in the sky.”

Outfitting the super penthouse with fine flooring and top kitchen and bathroom amenities could cost about $4 million, while fitting out a junior penthouse might cost around $2.2 million.

Luxury Market Highlights

Even though the broader market faced a slow period, luxury penthouses have held top pricing. Skywaters Residences in the CBD had a 7,761 sq ft penthouse that sold for $47.34 million ($6,100 psf) last May.

Another example is Dalvey Haus, where a 9,600 sq ft duplex penthouse sold for under $40 million, just below its initial $42 million ($4,375 psf) price. The purchaser is a Singapore PR.

Interest from Ultra-High-Net-Worth Buyers

According to Ang, many penthouse buyers come from China, India, and Indonesia. Some are fresh Singapore PRs who have set up family offices here.

Singapore remains a magnet for wealth even with tightened regulations following a $3 billion money-laundering scandal in August 2023. The city welcomed 600 new single-family offices last year, bringing the total to over 2,000 by late 2024.

Chee Hong Tat, who helps oversee MAS, links this growth to Singapore’s investor-friendly policies and reliable framework. He says it encourages long-range investment strategies.

Henley & Partners data shows that Singapore saw a net inflow of 3,500 high-net-worth individuals last year. This places Singapore third, after the UAE and the US, in attracting individuals with at least US$1 million in liquid assets.

Positioned for Market Gains

Ang says Parkview Eclat’s penthouse release matches the current market energy. Many wealthy buyers are reassessing real estate plans at the start of the year, and Singapore’s economy and safe-haven status add to the optimism.

She believes the high demand for premium residences, coupled with limited supply, boosts the appeal of these penthouses. The most recent sale at Parkview Eclat, a three-bedroom at $9.6 million ($3,315 psf), took place in December 2022.

Additional Listings

CBRE is also marketing a three-bedroom and two four-bedroom apartments at Parkview Eclat. They are all tenanted, with monthly rents between $18,000 and $23,000.

Buyers can pick from a three-bedroom at $10.8 million ($3,730 psf) on the 14th floor, a four-bedroom at $12 million ($3,690 psf) next door, and another four-bedroom at $11.5 million ($3,537 psf) on the fourth floor.

For Readers Eyeing Orchard Vicinity

Residents of Parkview Eclat enjoy quick access to Orchard Road, with dining and shopping close by. The building’s prime location appeals to families and investors seeking convenience and exclusivity.


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Conclusion: An Elevated Way of Living

Parkview Eclat offers an exciting mix of heritage, artistry, and modern comforts. The trio of penthouses beckons those ready for a high-end Singapore address. With unwavering local demand and ongoing interest from global investors, these rare units could see active response.