Four Bedroom Duplex Sage Condo Listed 168 Mil
Sage Penthouse Fails to Attract Bidders at Auction
A four-bedroom penthouse with a study at the Sage on Nassim Road was put up for auction by SRI on October 29. This mortgagee sale property, measuring 4,682 square feet, was introduced at a starting price of $16.8 million, equating to $3,588 per square foot. Despite the anticipation, the penthouse did not receive any bids and was withdrawn from the auction.
The property is a duplex located on the fifth floor and is accessible via a private lift. It features a large living and dining area, an enclosed kitchen, and a powder room on the first level. Additionally, the first floor hosts three bedrooms, including a junior master suite. The upper level boasts a family room, the master suite, and leads to an expansive private roof terrace with a swimming pool.
Constructed by Hong Leong Holdings and completed in 2012, the freehold Sage condominium consists of two five-story residential blocks. It offers units ranging from 2,852 square feet to 4,693 square feet, all within the prime District 10 area, nestled in the prestigious Nassim Road enclave. This location is conveniently close to the Orchard Road shopping district and the Singapore Botanic Gardens. Moreover, the development features a total of 33 units.
Market activity at the Sage has been relatively quiet in recent years. The last transaction recorded was in August 2022, where a 4,564 square foot penthouse was sold for $15.15 million. Before this, a 3,509 square foot unit on the first floor was sold for $11 million in May 2021. The highest price per square foot recorded at the Sage was in November 2012, when a four-bedroom unit fetched $12.235 million at $4,289 psf.
For those interested in new launches, the Sembawang Road EC presents an appealing alternative with its promise of modern living and accessible location, adding to the diverse range of real estate options in Singapore.
Recent Trends and Future Outlook
The Sage’s prestigious location and luxurious amenities continue to attract high-net-worth individuals, although recent sales activities suggest a cooling interest which could be attributed to market conditions or evolving buyer preferences. Observers will be keenly watching how this prime property performs in the near term, especially in comparison to newer projects like the Sembawang Road EC.