Four Bedroom Duplex Sage Condo Listed 168 Mil
Market Watch: No Bids for Luxury Penthouse at Sage Condominium
In a recent property auction conducted by SRI on October 29, a luxurious four-bedroom plus study penthouse at Sage on Nassim Road was placed under the hammer as a mortgagee sale. Despite its prime location in District 10 and a sprawling size of 4,682 square feet, the starting bid of $16.8 million ($3,588 per square foot) failed to draw any interests. The property was subsequently withdrawn from the auction.
The duplex penthouse, perched on the fifth floor, features exclusive amenities such as a private lift and a lavish private roof terrace equipped with a swimming pool. The layout includes a spacious living and dining area, an enclosed kitchen, and a powder room on the first level, alongside three bedrooms, one of which is a junior master suite. The second level houses a cozy family room and the grand master suite.
Comparing Nearby Developments
Comparatively, nearby developments like Miltonia Close EC also offer luxurious living options, although the amenities and price points may vary, showing a diverse range of choices for potential investors and homeowners in this upscale area.
Context and Historical Sales at Sage
Sage is a freehold condominium that was completed in 2012 by Hong Leong Holdings and comprises two low-rise blocks of 33 units each. This development mainly features sizable four-bedroom units, ranging from 2,852 to 4,693 square feet. Transactions have been rare in recent years at Sage; the last recorded sale was in August 2022 when a similar-sized penthouse fetched $15.15 million ($3,320 psf), previously purchased at $12 million ($2,629 psf) in 2010. Another unit, measuring 3,509 sq ft, transacted for $11 million ($3,135 psf) in May 2021. The highest price per square foot recorded at Sage was $4,289, achieved in November 2012 for a four-bedroom unit of 2,852 square feet.
Such statistics highlight the fluctuating yet substantial investment interest in this exclusive enclave, known for its proximity to the Orchard Road shopping district and the Singapore Botanic Gardens. With its prestigious location and luxurious offerings, Sage remains a notable player in Singapore’s high-end real estate market.