Discover a unique opportunity to own three extraordinary penthouses at Parkview Eclat, a freehold condominium on Grange Road in District 10. Finished about 16 years ago, this Art Deco-themed residence showcases the signature design of American architect James Adams.
James Adams is known for iconic landmarks such as the Forum Casino at Caesars Palace in Las Vegas, the MGM Grand Casino in Detroit, and the Galaxy Casino and Resort in Macau.
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.
Hong Kong’s Parkview Group controls Hong Kong Parkview and Singapore’s iconic Parkview Square, often known as “Gotham City.” They also invest in developments across China and Europe, showing their global reach.
In Beijing, Parkview Green is a major mixed-use site that combines office, hotel, and retail elements. In France, the Hwang family owns Le Beauvallon in St Tropez and the Château de Coligny near 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.
A Look at the Three Penthouses
A 10,215 sq ft duplex on levels 20 and 21 serves as the super penthouse. It has a dedicated lap pool, a spiral staircase, a glass lift, and ceilings reaching up 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.
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.
New Pricing Details
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.
CBRE points to similar pricing among ultra-luxury properties, such as The Ritz-Carlton Residences triplex penthouse at $39 million ($5,999 psf).
Ang highlights that the penthouses have never been renovated. Owners can decide how to finish them, which allows creative freedom for design and interior features.
A buyer could merge the junior penthouses into a 10-bedroom home or even acquire all three for a “Good Class 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.
Prime Penthouse Transactions
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
According to Ang, many penthouse buyers come from China, India, and Indonesia. Some are fresh Singapore PRs who have set up family offices here.
Despite stricter checks after a major money laundering case in August 2023 worth over $3 billion, Singapore still sees a large inflow of wealth from Asia. The city added 600 single-family offices last year, moving from 1,400 in 2023 to over 2,000 by December 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
Aside from the penthouses, Chyaw Fwu has three other apartments up for sale at Parkview Eclat. Tenants occupy these units, paying rents from $18,000 to $23,000 a month.
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
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.
Arina East Residences Floor Plan
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.