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.
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.
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.
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.
A Look at the Three Penthouses
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.
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.
Current Penthouse Prices
The super penthouse now carries a $56 million ($5,482 psf) asking price, and each junior penthouse is offered at $26 million ($4,408 psf). This collection totals $108 million.
According to Ang, this pricing aligns with other top-tier properties. For example, The Ritz-Carlton Residences has a 6,501 sq ft triplex penthouse listed 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.”
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.
Luxury Market Highlights
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.
Who’s Eyeing Penthouses
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.
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.
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.
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.
Why the Timing Works
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.
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.
Additional Listings
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.
Buyers can pick from a three-bedroom at $10.8 million ($3,730 psf) on the 14th floor, a four-bedroom at $12 million ($3,690 psf) next door, and another four-bedroom at $11.5 million ($3,537 psf) on the fourth floor.
Localized Insight for Singapore-based Buyers
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.
Emerald of Katong Price
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.