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.
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.
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.
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
This exclusive residence stands out with spacious floor plans and refined touches. Each apartment has a spa pool on the balcony, ensuite bedrooms, plus top-brand fixtures and appliances.
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
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.
Two junior penthouses, each about 5,900 sq ft, sit just below on the 18th and 19th floors. They include double-volume ceilings of 6.8m and layouts that can fit up to 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.
Current Penthouse Prices
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).
The three Parkview Eclat penthouses remain “original and raw,” which Ang views as an advantage. She says they let owners shape custom-fit living areas crafted by personal preferences and lifestyle.
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.”
Renovating costs vary. Ang indicates the super penthouse might require around $4 million to install luxurious floors and appliances, while each junior unit might need about $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.
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.
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.
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.
Figures from Henley & Partners reveal that 3,500 high-net-worth persons moved to Singapore last year, ranking it behind only the UAE and the US for wealthy immigrants.
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.
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.
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
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.
Jansen House Showflat
Final Thoughts on Parkview Eclat
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.