Single buyer purchases all 20 units at Orchard condo for almost S$300 million
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Single buyer purchases all 20 units at Orchard condo for nearly S$300 million
The condo in question is EDEN at two Draycott Park, a development conceptualised as a "private garden in the sky".
Architect Thomas Heatherwick envisioned EDEN, a 20-storey evolution at Draycott Park, to be a vertical Garden of Eden. (Photo: Swire Properties)
Hong Kong property developer Swire Properties has announced that all 20 units at ultra-luxe condo EDEN at 2 Draycott Park has been sold – reportedly to a single buyer.
The apartments were sold for Southward$293 million or S$4,827 psf. All units at the luxury condo were bought by a single heir-apparent, Edgeprop reported.
The heir-apparent is believed to be a Chinese family, and the sale is expected to be completed by May 26, 2021, the publication said.
Completed in 2019, EDEN was designed by multi-honour winning architect Thomas Heatherwick. Heatherwick is also the designer behind the forthcoming Changi Airport Last 5.
The starchitect previously told CNA Luxury that the 20-storey development at Draycott Park was inspired by "the manifesto of Lee Kuan Yew'south notion of a city in the garden".
EDEN is conceptualised as a "private garden in the sky". The apartments boast hanging balconies wrapped with tropical greenery. Each flat occupies an entire floor spanning over 3,000 sq ft with en suite bedrooms.
The units at EDEN were said to be originally priced from Due south$6,000 psf. Therefore, the transacted price of Southward$4,800 psf means that the buyer probable had a twenty per cent disbelieve.
EDEN is Swire Properties' first foray into Singapore. The condo is located in the Ardmore-Draycott residential enclave, an area known every bit the "billionaire's belt".
Located nearby to EDEN is Abelia, an xi-storey condominium owned by belongings tycoon and investor Peter Lim. As well a stone'due south throw away is Le Nouvel Ardmore, where Alibaba co-founder Lord's day Tongyu is said to have purchased a penthouse for S$51 one thousand thousand.
READ> A 5-sleeping accommodation Singapore penthouse sold for S$14.83 million over the weekend
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Source: https://cnalifestyle.channelnewsasia.com/obsessions/eden-swire-properties-orchard-road-condominium-singapore-235431
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