Did you know Malaysians are among the second biggest property investors in Singapore? In 2022, foreigners made up 4.7% of non-landed private residential property buyers in Singapore, and Malaysians emerged as the second largest (Top 2) property buyers by nationality.
The robust and consistent property market in Singapore makes it a preferred destination for regional investors or even those who seek the island state to be their second home. According to realtor Steven Tan from OrangeTee & Tie, an estimated of over 11,000 new homes from 48 projects, excluding Executive Condominiums (EC), will be launched in 2023. Of the 11,391 units, around 45.3 percent or 5,155 units from 18 projects, may be released in the Rest of Central Region (RCR). An estimated 31.7 percent or 3,612 units from 14 projects may be launched in the Outside Central Region (OCR). Supply remains tight in the luxury segment with a projected 2,624 new units to be launched from 16 projects in Core Central Region (CCR).
Among the prestigious launch is a high-end condominium situated in the neighborhood of Bukit Timah, Perfect Ten by CK Assets sits on a generous, freehold plot of about 104,531 square feet (“sq ft”) in prime District 10. With its distinctive symmetrical towers at 24-storeys high, the tallest new development on Bukit Timah Road, it is set to become a new residential icon.
Already a hot item since coming online, with a robust response from buyers over 85% of the 230 units have been sold to date, making it the best-selling condo block in the area.
The average selling price per square foot (“psf”) was around S$3000 psf; with the project achieving its highest price of S$3576 psf for a three-bedroom penthouse unit, for a total purchase price of about S$4.58 million. The indicative prices for the Perfect Ten’s remaining units start from approx. S$2.4 million for two-bedroom units, and approx. S$3.6 million for three-bedroom units. The buyers’ profile of Perfect Ten consists of a mix of owner-occupiers and investors. 84% of the buyers are locals and permanent residents, while the remaining 16% are foreigners.
The black and gold distinctive design of the blocks was designed by world-renowned DP Architects, according to the developer the twin towers were inspired by the Japanese concept of Ma (間) – which relates to all aspects of life. It has been described as a pause in time, an interval, or an emptiness in space. Clearly, the cost was not sparred on the opulence and indulgance level infused into every nook and corner of the property.
The facilities include a bespoke clubhouse, a 50-metre-long infinity pool, and a serene roof garden offering unparalleled views of the surrounding greenery and the city. Situated away from the 80- metre-long landscaped driveway, the units in the new tower will grant residents heightened privacy and serenity while affording breathtaking views of the estate. All 3-bedroom units and selected 2-bedroom units have been thoughtfully designed with private lift lobbies to ensure uncompromised privacy for residents.
Each unit comes with the finest appliances and luxury fittings from European brands such as Miele, Gaggenau, Villeroy & Boch, Duravit, and Hansgrohe.
Perfect Ten epitomises a living concept that cherishes the finer things in life, uncluttered yet perfectly defined.
