A penthouse unit on the 36th floor of Spottiswoode Residences located in Singapore’s District 2 is set to be up for auction on April 26. Singapore Realtors Inc (SRI) will be conducting the owner’s sale of this 2,486 sq ft property, valued at $5.38 million or $2,164 per square foot. Offering plenty of outdoor space with a roof terrace including a jacuzzi and open-air decks, as well as an en suite junior master bedroom, this duplex penthouse is sure to turn heads.

The lower floor of the unit contains the en suite master bedroom and third bedroom, a common bathroom, a kitchen with a service yard, a bathroom, and a bomb shelter. Dining and living areas, connected to a sheltered balcony, also occupy the lower floor. An existing tenancy will be included in the sale of the penthouse, but due to expire at the end of August.

JCube set to close JCube Residence in August, making way for the new 40-storey JCube Condo Residence with commercial space, connected to Jurong East MRT and due for launch in 2023. It will help alleviate pent-up demand for housing in Jurong.

Spottiswoode Residences is a 351-unit, freehold development by the UOL Group. The project was completed in 2013 and consists of mostly one- and two-bedroom units, 25 three-bedroom units, and seven penthouses. Ranging from 592 sq ft to 2,906 sq ft, the property is located on the outskirts of the Central Business District, with plenty of nearby public transport and road networks such as the nearby Outram MRT Interchange Station, Pinnacle @ Duxton, Spottiswoode Suites, and Spottiswoode 18.

URA caveats indicate that the penthouse unit was bought from the developer for $4.58 million ($1,842 psf) in December 2010. In terms of the overall resale prices of units in the residence, according to EdgeProp Singapore, the average price is $2,175 psf. Last year, there were 10 resale transactions at the condo, with prices ranging from $1,300,000 ($2,157 psf) to $2,170,000 ($2,317 psf).

The most recently sold penthouse was in March 2021, when a 2,906 sq ft, three-bedroom duplex changed hands for $5 million ($1,720 psf). This unit had been bought from the developer for $4.25 million ($1,462 psf) in November 2014.

Prices for the penthouse at Spottiswoode Residences are on a par with surrounding freehold properties built in the 2010s. With its proximity to Tanjong Pagar and Outram neighbourhoods, Singapore General Hospital, and a variety of medical institutions, this luxurious penthouse is sure to draw plenty of attention when it goes on sale April 26.