China buyer picks up duplex penthouse at Klimt Cairnhill for S$27.5 million

THE duplex penthouse unit occupying the top two floors of the 36-storey Klimt Cairnhill luxury condominium is being sold for S$27.5 million.

The price works out to S$4,645 per square foot (psf) for the 5,920 square foot freehold unit; the strata area includes about 800 sq ft of void that creates a double-volume space in the living area.

Word on the street is that the buyer is from China. The option to purchase is understood to have been granted last week; the buyer beat the increase in the buyer’s stamp duty rate for residential properties announced in the Budget on Feb 14. The new rates kicked in the following day.