Located in Singapore’s prime District 9, New Futura is an exclusive, freehold development with 124 apartments, making it highly desirable amongst the well-heeled individuals. Over 70% of buyers in New Futura are UHNW foreigners. They are mainly from Asia (China, Indonesia and Malaysia) and have accounted for more than S$200 million in total sales. Designed by internationally renowned award-winning architect – Skidmore, Owings & Merrill LLP (SOM), the two 36-storey residential towers are within a 10-minute walk to the famous Orchard Road shopping and entertainment belt. Phase 1 — the 64-unit South Tower was launched in January this year, and as of 22 April 2018, 62 units were sold, with only two 2-bedroom apartments remaining.
CDL’s 174-unit Gramercy Park, another luxury freehold property located on Grange Road, has also received strong take-up with only one unit remaining. Overseas UHNW individuals make up 78% of buyers, totalling up to S$827 million in sales value. All the four penthouses ranging from S$16.88 million to S$24.5 million were sold to foreigners. Read more about Gramercy Park
In The Wealth Report 2018 recently published by Knight Frank, Singapore was named a favoured destination for property investments among the world’s ultra-wealthy, taking the fifth spot based on an overall global ranking. Among Asian investors, the country is the third most-favoured, after United Kingdom and the United States. The ultra rich are attracted to the quality lifestyle, excellent education system, political stability, strong currency, safety and security that Singapore has to offer.
Mr Chia Ngiang Hong, CDL Group General Manager said, “Prices of high-end properties in Singapore have not yet reached the 2007 peak and savvy UHNW individuals see an upside in CDL’s desirable super-luxe residential projects that have strong potential to yield capital appreciation and generate recurring income. Moreover, when compared with properties in other key cities like Hong Kong, ultra-luxe 2- and 3-bedroom units of similar sizes as New Futura’s, would almost double in price. Over in Shanghai, similar ultra-luxe properties would also come with a sizeable price tag and with only a maximum 70-year leasehold tenure. Against the backdrop of skyrocketing prices in these two cities, New Futura’s attractively-priced 2- and 3-bedroom units have become a compelling proposition for the super rich to add to their asset portfolios.”
“Increasingly, we also see overseas affluent buyers keeping their homes in Singapore as vacation getaways. Property remains an attractive investment in their portfolio, and UHNW buyers are particular about location, tenure of the land, quality of the asset; and the price must be right.”
Mr Chia added, “By 2022, the population of UHNW individuals in Asia is expected to increase by approximately 55%, as compared to 2017. We are confident that the rest of our highly-anticipated luxury condominiums such as South Beach Residence and Biltmore site, will receive similar strong take-up rates to meet the pent-up demand for compelling investment opportunities.”
Ultra-luxury super car lots and ‘Bungalow in the Sky’ Grand Penthouses
Tailored for a super-luxe lifestyle, New Futura is CDL’s most luxurious development to date. In a city where space is a premium, New Futura’s two-level basement carpark has over 250 luxury and ultra-luxury lots – designed to be extra wide to accommodate super cars.
The jewels of New Futura are its two highly exclusive ‘Bungalow in the Sky’ Grand Penthouses. Each of the 5-bedroom penthouses spans across two storeys, covering 7,836 square feet. Providing 360-degree panoramic views of the city, they come with a 13-metre private pool, sauna and shower by the pool deck. Perfect for entertaining, there is also a limited edition, one-of-its-kind Poggenpohl Entertainment Kitchen located next to the pool and its deck. Designed by Porsche and imported from Germany, they are the first two sets to be installed in a condominium in Singapore.
All units at New Futura have private lift access and come with exquisite finishes and fittings, such as fully equipped kitchens with Miele appliances and Poggenpohl cabinets, and high quality sanitary wares and fittings from Hansgrohe, LAUFEN and Geberit in the bathrooms.
New Futura features over 50 facilities including Infinity Lap Pool, Aqua Beds, Cabanas, Wellness Studio, Social Lounge, Pets’ Lawn and Epicure Dining. Residents and guests can enjoy private dining and alfresco barbecue at the dual-level clubhouse, and mesmerising city views at the six thematic sky terraces and fitness terrace.
In addition, Signature Residential Services with dedicated Residential Hosts are on hand to take care of residents’ requests, be it making restaurant reservations, booking travel arrangements or co-planning milestone celebrations.