Read more $223 million reserve price with regard to Beaufort on Nassim

SINGAPORE – The following penthouse has only been marketed at 3 Orchard By-the-Park, the luxury condominium situated across the prestigious, tree-lined Orchard Boulevard.

The five-bedroom duplex brought $32 million earlier this month, according to a property name search. Dependent on the ground area of 6,900 sq feet, the cost translates into $4,638 psf.

The purchaser is thought to be a Chinese national, and the bargain is thought to be brokered by Savills Residential, among the joint advertising and marketing representatives for 3 Orchard By-the-Park.

The selling of the latest penthouse usually means the previous penthouse and the bigger of two penthouses from the 77-unit, freehold, condo growth by Malaysian conglomerate YTL Land & Development, has been consumed.

Incidentally, the very first penthouse — a five-bedroom duplex of 6,555 sq feet — brought $31.5 million ($4,805 psf) in June this year. The purchaser was a Chinese national also, with the bargain also brokered by Savills Residential.