Experience a rare chance to view three spectacular penthouses at Parkview Eclat, a freehold development along Grange Road in Singapore’s District 10. These homes, completed nearly 16 years ago, reflect the Art Deco-inspired vision of American architect James Adams.
James Adams is known for iconic landmarks such as the Forum Casino at Caesars Palace in Las Vegas, the MGM Grand Casino in Detroit, and the Galaxy Casino and Resort in Macau.
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.
In Beijing, Parkview Green is a major mixed-use site that combines office, hotel, and retail elements. In France, the Hwang family owns Le Beauvallon in St Tropez and the Château de Coligny near Paris.
Parkview Eclat’s Notable Features
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.
Chyaw Fwu retained three penthouses in the building, originally meant for family use. These rare penthouses have returned to the market, offering exciting prospects for buyers and investors.
Inside the Penthouse Trio
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.
Previously priced at $45 million and $26 million each, they did not find buyers. In January, Chyaw Fwu officially relaunched these penthouses with CBRE’s Tricia Ang as the exclusive marketing agent.
New Pricing Details
Today’s listing sets the super penthouse at $56 million ($5,482 psf), with the junior penthouses at $26 million ($4,408 psf) each. Combined, they reach $108 million.
CBRE points to similar pricing among ultra-luxury properties, such as The Ritz-Carlton Residences triplex penthouse 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 potential owner could combine the two junior units for a large 10-bedroom layout, or purchase all three to form a grand “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.
Prime Penthouse Transactions
Despite softer activity in the broader private housing sector, prime penthouses still set high price benchmarks. In May last year, Skywaters Residences saw a 7,761 sq ft penthouse sell for $47.34 million ($6,100 psf), setting a record for a 99-year leasehold.
At Dalvey Haus, a 9,600 sq ft duplex penthouse changed hands for slightly under $40 million. It was listed at $42 million ($4,375 psf) and was bought by a Singapore Permanent Resident.
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.
Despite stricter checks after a major money laundering case in August 2023 worth over $3 billion, Singapore still sees a large inflow of wealth from Asia. The city added 600 single-family offices last year, moving from 1,400 in 2023 to over 2,000 by December 2024.
Deputy MAS Chairman Chee Hong Tat, also Transport Minister and Second Minister for Finance, credits the surge to Singapore’s strong business environment and stable climate. This helps investors plan for the long term.
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.
Why the Timing Works
CBRE notes that the timing is strategic as buyers often revisit property options early in the year. Singapore’s stable fundamentals and reputation for security support positive interest.
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.
Other Units for Sale
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.
The three-bedroom unit on the 14th floor is priced at $10.8 million ($3,730 psf). One four-bedroom on the same floor asks $12 million ($3,690 psf), and another on the fourth floor is $11.5 million ($3,537 psf).
For Readers Eyeing Orchard Vicinity
Being near Orchard Road means a short trip for groceries, meals, and top-tier shops. This is attractive for households that want an upscale lifestyle and easy city access.
Parktown Residence New Launch
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.