Singapore’s investment bankers, flush with annual bonuses and looking for the ultimate expression of their alpha male status, need look no further than the latest overpriced condominium development, Marina Bay Residences.
In a clear sign that the local luxury market is overheating, joint developers Cheung Kong Holdings, Hongkong Land and Keppel Land in November launched Singapore’s “first Über Penthouse”. However, they did not set a price for the three-storey, 11,000 square feet creation, which boasts a private rooftop terrace and a 20-metre swimming pool.
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