Sculptura Ardmore condo unit sells for almost S$6,200 psf amid uptick in high-end sales

[SINGAPORE] A 3,229 square foot unit in the luxury condominium Sculptura Ardmore in the prime District 10 recently changed hands at S$20 million, or S$6,193 per square foot (psf) – making it the fifth deal this year to cross the S$6,000 psf mark.

A look into caveats data revealed that four other non-landed properties were sold above this threshold thus far in 2025. Before this year, only six such sales were recorded in the 13 years between 2011 and 2024; a unit at The Marq On Paterson Hill was the first to cross the mark, with a S$19.2 million deal putting the psf price at S$6,215.

The Sculptura Ardmore transaction on Nov 7 comes in the wake of a recent uptick in Singapore’s high-end residential market, after hikes in stamp duty took the wind out of the luxury segment in 2023.

Caveats data showed that the four-bedroom unit on the 31st floor of Sculptura Ardmore was bought by a Singapore citizen; the seller was Covenson, a subsidiary of property developer SC Global Developments, which built the 34-unit freehold condominium.

This is the second unit at the luxury development to be sold for over S$6,000 psf in 2025. In June, a 3,326 sq ft, four-bedroom unit on the 26th floor was sold for S$20 million or S$6,013 psf. The buyer was said to be a Singapore permanent resident (PR).

The priciest psf deal on record remains a 3,089 sq ft unit at The Marq on Paterson Hill, which was also developed by SC Global Developments. It changed hands in November 2011 for S$20.5 million or S$6,650 psf. It was reportedly sold to a European buyer.

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Singapore wins when a foreigner pays S$6,274 psf for a luxury condo here

Aman-branded residence at The Skywaters sells for record S$6,501 psf in October

While high-end condo sales have picked up this year, analysts are hesitant to call it a full recovery. However, they noted strong drivers this year, which include lower borrowing costs, revived interest in prime projects with a flurry of new launches, and Singapore’s continued safe-haven appeal among the globally wealthy.

Since the doubling of additional buyer’s stamp duty for foreign buyers to 60 per cent, market watchers pointed out that most luxury condo buyers have been Singapore citizens, PRs and nationals from countries that enjoy the same stamp duty treatment as locals under free-trade agreements.