Soaring to new heights, the luxury real estate market in Singapore has just witnessed a groundbreaking moment with 21 Anderson, a freehold condominium in the elite District 10, smashing price records. This exclusive development, crafted by the esteemed Kheng Leong Group, has set a jaw-dropping benchmark with a transaction reaching $5,347 per square foot (psf) in May 2025.
Nestled on Anderson Road in one of the city’s most prestigious neighborhoods, 21 Anderson isn’t just a place to live; it’s a statement of unparalleled wealth and taste, designed for a tiny, ultra-wealthy clientele. The development’s appeal is further enhanced by Singapore’s status as a financial hub with limited land resources, making such properties highly desirable financial hub status.
With only 18 units up for grabs, including two 2-bedroom units, fourteen 4-bedroom ones, and two sprawling triplex penthouses, scarcity adds to its allure. Prices start at a hefty $8.16 million for a 3,197 square foot two-bedroom unit, while a penthouse can set buyers back up to $58.85 million for a massive 10,452 square feet. Its strategic location near elite educational institutions further enhances its long-term value for families elite educational institutions.
Exclusivity reigns at 21 Anderson with just 18 units, from $8.16 million for 2-bedrooms to $58.85 million for jaw-dropping triplex penthouses.
That’s a range of $3,117 to $5,631 psf, as reported by PropertyGuru, showing just how premium this property is. In Q1 2025 alone, four deals surpassed $20 million each, proving that even in tricky economic times, the ultra-luxury segment thrives in Singapore. The property’s robust legal framework provides investors with assurance of their investment’s security, making it particularly attractive to international buyers.
Developed by Kheng Leong Group, a firm with roots dating back to 1949 and projects spanning from Shanghai to Los Angeles, 21 Anderson reflects their knack for timeless, high-quality design. The condo balances serene living with easy access to Singapore’s bustling city center, offering meticulously crafted spaces with top-tier materials.
It’s no surprise that, despite rising interest rates and tighter property rules, demand remains strong, with 50 units sold at an average of $3,033 psf so far.
Compared to rivals like Park Nova, where a penthouse sold for $6,593 psf in January 2025, 21 Anderson holds its own in the ultra-luxury arena. Its freehold status, a rare gem compared to leasehold properties nearby, only boosts its value.
Set to finish by late 2025, this development isn’t just breaking records; it’s redefining what luxury means in Singapore. Talk about raising the bar—quite literally!
