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EC penthouse sold for record S$2.05m (ChannelNewsAsia)
An executive condominium (EC) penthouse, with a record price-tag of S$2.05 million, was sold about an hour after the launch of the project on Saturday.
A spokesman for the CityLife@Tampines project said the sale was made just after 11am.
Channel NewsAsia understands that the buyers are a married young couple from a multi-generation family.
Channel NewsAsia also understands that the buyers intend to live in the penthouse with their parents and siblings.
The size of the penthouse is about 4,350 square feet – and can house up to four families under one roof.
The developer said there were 1,800 applications made for the 514 units. About 65 per cent of the units have been sold.