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.
Created by Chyaw Fwu Development under Hong Kong’s Parkview Group, Parkview Eclat has a long history. It emerged from the Chyaw Fwu Group, formed in Taiwan during the 1950s by businessman CS Hwang.
Parkview Group’s legacy extends from Hong Kong’s high-end Hong Kong Parkview to Singapore’s striking Parkview Square, widely called “Gotham City” for its bold design. The group’s portfolio also includes properties in China and Europe.
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.
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.
Inside the Penthouse Trio
The largest is the super penthouse: a 10,215 sq ft duplex on the 20th and 21st floors. It features a private lap pool, an internal spiral staircase with a glass elevator, and high ceilings ranging from 3.9m 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
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.
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
CBRE’s Ang reports that buyers interested in penthouses are mostly ultra-high-net-worth individuals from China, India, and Indonesia. Several are new Singapore PRs who have opened family offices.
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.
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.
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.
Ang points out that strong interest in upscale homes and the scarcity of such units enhance their desirability. Parkview Eclat’s last recorded transaction was a three-bedroom at $9.6 million ($3,315 psf) in December 2022.
Additional Listings
Aside from the penthouses, Chyaw Fwu has three other apartments up for sale at Parkview Eclat. Tenants occupy these units, paying rents from $18,000 to $23,000 a month.
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
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.
Lentor Central Residences Number of Units
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.