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.
Parkview Eclat was developed by Chyaw Fwu Development, part of the Hong Kong-based Parkview Group. This private conglomerate traces its origins to the Chyaw Fwu Group, established in Taiwan in the 1950s by 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.
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.
Parkview Eclat’s Notable Features
Parkview Eclat reflects a past era of luxury condos with its large units and premium features, like 3.5m spa pools on every balcony. All bedrooms have their own bathrooms, and each unit includes quality fittings from Zucchetti, Gaggenau, and De Dietrich.
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.
Two junior penthouses, each about 5,900 sq ft, sit just below on the 18th and 19th floors. They include double-volume ceilings of 6.8m and layouts that can fit up to 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.
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.
CBRE points to similar pricing among ultra-luxury properties, such as The Ritz-Carlton Residences triplex penthouse 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.
Prime Penthouse Transactions
Even though the broader market faced a slow period, luxury penthouses have held top pricing. Skywaters Residences in the CBD had a 7,761 sq ft penthouse that sold for $47.34 million ($6,100 psf) last May.
Another example is Dalvey Haus, where a 9,600 sq ft duplex penthouse sold for under $40 million, just below its initial $42 million ($4,375 psf) price. The purchaser is a Singapore PR.
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.
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.
Deputy MAS Chairman Chee Hong Tat, also Transport Minister and Second Minister for Finance, credits the surge to Singapore’s strong business environment and stable climate. This helps investors plan for the long term.
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
CBRE notes that the timing is strategic as buyers often revisit property options early in the year. Singapore’s stable fundamentals and reputation for security support positive interest.
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
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.
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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.