IF YOU have the odd $10 million or so lying around in ready cash, you might want to consider indulging in the luxury lifestyle that comes with a super luxurious penthouse.
Your own pool in the sky, private lift and roof-top terrace - these are the things that may come with a super penthouse.
SC Global's 46-unit BLVD made the news recently when a super penthouse there was sold for $16 million to the fallen Japanese tycoon Yoshiaki Murakami.
That is enough for four to five high-end apartments of about 2,000 sq ft right in the heart of Orchard Road.
BLVD's second super penthouse, said the developer, will be customised to the buyer's preferences, and depending on his requirements, will be priced at a staggering $18 million to $20 million.
So what qualifies as a super penthouse? For one, they are huge at 7,029 sq ft each. Spread over three floors, they come with their own pool and roof-top terrace. Also, they are part of a sophisticated project that pays attention to the details that define luxury living.
There is no strict industry definition of a penthouse or super penthouse. Typically, it refers to an apartment located on the top floor of a building offering a luxury lifestyle and splendid views. Usually, it comes with exclusive features like a private lift and a roof-top terrace.
Hong Leong Holdings' upcoming 85-unit Tate Residences will have two penthouses. One is spread over three floors and boasts an internal lift, apart from the expected private lift access. At 6,500 sq ft, it has six bedrooms and a 360 sq ft, 10m lap pool.
The other 6,000 sq ft two-storey penthouse has a similar-sized pool and five bedrooms.
'What I would call a true penthouse should be about 5,000 sq ft or at the very least more than 3,000 sq ft and spread over two floors. And the living room has to come with a high ceiling,' said property consultancy Chesterton International's head of research and consultancy, Mr Colin Tan.
Indeed, the seven penthouses at the super-luxurious St Regis Residences - where all units come with private lift access - range from 5,000 to 7,200 sq ft.
Termed 'sky villas', they have an upper roof deck with a 7.5m to 12m pool and a timber deck, as well as an entertainment area or extra bedrooms.
At SC Global's 55-unit, four-storey The Ladyhill, which has 10 units left for sale, the thoughtful attention to many details is what gives it the super-luxury edge. Its agent said the developer spent around $60,000 to fit out each kitchen, which features a direct extraction system that sucks out cooking fumes.
The 4,000 sq ft penthouses may not be huge but the luxury lifestyle they offer is unmistakable - they come with a roof terrace, build-in Miele coffee maker, koi pond and a ceiling of up to 6m at the highest point. A typical condo unit has a ceiling height of 2.8m.
'Usually, the really good super penthouses are for owner-occupiers while the rest may be for rent,' said Mr Tan. The penthouses for rent may not be in the super luxurious category, but they do fetch much more than a typical unit.
Within a condo, penthouses can fetch rents of $10,000 to $15,000 a month, or almost double that of standard units, said Landseer Property Services director Marina Mendez.
joyceteo@sph.com.sg
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