All 20 units at Eden were sold for $293 million or $4,827 psf (Photo: Swire Properties)
If the number of super-rich residents and award winning architectural designed properties are any guide to an area’s reputation, then Singapore’s Ardmore - Draycott residential enclave surely qualifies as Asia’s most desirable district.
A blend of hyper-exclusive properties and outstanding amenities with great connectivity and a certain discretion synonymous with the lives of a discerning elite. Singapore is seeing more family funds transferring their money into Singapore including those from Hong Kong who take a strategic view of their investments.
Swire Properties just announced that it has sold all 20 units at its ultra-luxury condo, Eden at 2 Draycott Park.The apartments were sold en bloc for $293 million or $4,827 psf. The sale will be completed by May 26, 2021, subject to the fulfilment of the purchase agreement.
A blend of hyper-exclusive properties and outstanding amenities with great connectivity and a certain discretion synonymous with the lives of a discerning elite. Singapore is seeing more family funds transferring their money into Singapore including those from Hong Kong who take a strategic view of their investments.
Swire Properties just announced that it has sold all 20 units at its ultra-luxury condo, Eden at 2 Draycott Park.The apartments were sold en bloc for $293 million or $4,827 psf. The sale will be completed by May 26, 2021, subject to the fulfilment of the purchase agreement.
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EDEN is a completed development rising 22 storeys above Draycott Park, containing 20 residences, each of which boasts four en-suite bedrooms and more than 3,000 square feet of saleable area while occupying an entire floor of the building. The Singapore debut of the respected, Hong Kong-based developer, Swire Properties, EDEN is also the first residential project in Asia to have been designed by the London - based Heatherwick Studio.
Word on the street is that all 20 units at Swire Properties’ luxury condo Eden at 2 Draycott Park have been sold to a single buyer. The buyer is believed to be a Chinese family. The purchase price is said to be $300 million, which translates to $4,800 psf, according to sources.
Word on the street is that all 20 units at Swire Properties’ luxury condo Eden at 2 Draycott Park have been sold to a single buyer. The buyer is believed to be a Chinese family. The purchase price is said to be $300 million, which translates to $4,800 psf, according to sources.
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"The development was designed as a work of art, with attention to detail,” says Ong Choon Fah, CEO of Edmund Tie. “Everything is bespoke – from the exteriors to the interiors. For the ultra-high networth individual, $300 million purchase price “is not too much of an investment outlay – whether you’re buying for the residence of an extended family or with your friends, and it’s very exclusive."
EDEN is adjacent to The Tanglin Club and right opposite The American Club, in prime district 10. The Draycott Park, Draycott Drive and Ardmore Park enclave is also renowned as the “billionaires’ belt”. Nearby at Ardmore Park is Abelia, an 11-storey condominium owned by Singaporean tycoon and investor Peter Lim with his family, together with his wine and car collection.
EDEN is adjacent to The Tanglin Club and right opposite The American Club, in prime district 10. The Draycott Park, Draycott Drive and Ardmore Park enclave is also renowned as the “billionaires’ belt”. Nearby at Ardmore Park is Abelia, an 11-storey condominium owned by Singaporean tycoon and investor Peter Lim with his family, together with his wine and car collection.
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EdgeProp Singapore online article on March 25, 2021
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