Sculptura Ardmore Unit Sells for S$6,193 psf as Luxury Condo Demand Rises in 2025
Singapore’s luxury property segment continues to draw strong buying interest in 2025, highlighted by a recent S$20 million transaction at Sculptura Ardmore. The 3,229 sq ft, four-bedroom unit on the 31st floor achieved S$6,193 per square foot, placing it among the highest psf deals this year.
This marks the fifth non-landed residential sale above S$6,000 psf in 2025, a notable jump considering that only six such transactions were recorded over the entire 13-year period from 2011 to 2024.
For buyers tracking the movement of Singapore’s prime District 10, this is a clear sign:
High-end demand is back, and buyers with long-term conviction are entering the market again.
A Look at the Record-Setting Numbers
A check on caveat data shows how rare these ultra-premium deals used to be.
-
Current transaction:
-
S$20 million
-
3,229 sq ft
-
S$6,193 psf
-
Buyer: Singapore citizen
-
Seller: Covenson (subsidiary of SC Global)
-
-
Other sales at Sculptura Ardmore in 2025:
-
A 3,326 sq ft unit on the 26th floor sold in June
-
Transacted at S$20 million or S$6,013 psf
-
Buyer: Singapore permanent resident
-
-
Historical benchmark:
-
The Marq on Paterson Hill still holds the top price
-
3,089 sq ft unit sold in Nov 2011
-
S$6,650 psf
-
Buyer was reported to be European
-
Between 2011 and 2024, only six transactions surpassed S$6,000 psf. To have five of such deals in 2025 alone signals a shift in buyer sentiment.
Why High-End Sales Are Picking Up Again
Analysts agree that luxury sales have improved this year, even though they remain cautious in calling it a complete recovery.
A few factors stand out:
1. Lower Borrowing Costs
Easing interest rates have given high-net-worth buyers confidence to re-enter the market.
2. Fresh Interest in Prime Projects
Several new launches in the core central region have brought attention back to District 9 and District 10. When new inventory pulls attention upward, resale luxury units often rise in tandem.
3. Singapore’s Safe-Haven Appeal
Political stability and a strong financial system continue to attract capital from both locals and globally affluent investors.
4. Shift in Buyer Profile Post-ABSD Hike
After the foreign buyer ABSD rate doubled to 60 per cent, most luxury buyers today are:
-
Singapore Citizens
-
Singapore Permanent Residents
-
Nationals from countries under free-trade agreements enjoying local stamp duty treatment
This explains why the latest S$6,193 psf sale at Sculptura Ardmore came from a Singapore citizen, reinforcing that local wealth remains a strong force in prime districts.
| Project | Area (sq ft) | Transacted Price (S$) | Unit Price (S$ psf) | Sale Date |
|---|---|---|---|---|
| The Marq On Paterson Hill | 3,057 | 19,180,000 | 6,274 | Sep 26, 2025 |
| The Marq On Paterson Hill | 3,089 | 20,542,400 | 6,650 | Nov 18, 2011 |
| The Marq On Paterson Hill | 3,089 | 19,200,000 | 6,215 | Aug 23, 2011 |
| Skywaters Residences | 1,798 | 11,687,000 | 6,501 | Oct 8, 2025 |
| Skywaters Residences | 7,761 | 47,342,000 | 6,100 | May 20, 2024 |
| Sculptura Ardmore | 3,229 | 20,000,000 | 6,193 | Nov 7, 2025 |
| Sculptura Ardmore | 3,326 | 20,000,000 | 6,013 | Jun 25, 2025 |
| Park Nova | 5,899 | 38,888,000 | 6,593 | Jan 21, 2025 |
| Les Maisons Nassim | 11,227 | 68,000,000 | 6,057 | Oct 17, 2022 |
| Les Maisons Nassim | 12,077 | 75,000,000 | 6,210 | Oct 22, 2021 |
| Eden | 3,035 | 18,287,000 | 6,024 | Mar 24, 2021 |
What This Means for Luxury Property Buyers in 2026
The rise in S$6,000-psf deals points to a market that is stabilising and gradually regaining pace. High-end buyers tend to be long-term holders, and these transactions often set fresh benchmarks for future pricing.
For anyone considering a trophy home or a prime district investment, this year’s data suggests that buyer confidence is returning faster than expected.
If this momentum continues into 2026, more record-breaking deals may surface, especially with the pipeline of upcoming luxury launches in Districts 9, 10 and 11.
Looking Beyond District 10: A Strong Value Pick in the RCR
Not every buyer is ready to commit S$6,000 psf, and that’s where well-located freehold RCR projects stand out.
A development that has gained increasing attention is Terra Hill:
Terra Hill, Freehold, RCR, just 3 minutes to MRT, from S$2,212 psf.
For buyers comparing CCR vs RCR, Terra Hill offers a blend of freehold tenure, strong accessibility, and a much lower entry price. It appeals to families who want city-fringe convenience and investors who are looking for better yields without compromising on long-term ownership.
This is one of the rare freehold projects in the RCR still priced within the S$2,200+ psf range, which positions it strongly for future appreciation as new launches continue to push prices higher.
FAQ
What is the latest price at Sculptura Ardmore?
A recent sale on the 31st floor transacted at S$20 million or S$6,193 psf.
How many transactions exceeded S$6,000 psf in 2025?
Five deals so far, compared to only six over the entire period between 2011 and 2024.
Who are the main luxury buyers today?
Mostly Singapore Citizens, PRs, and nationals under free-trade agreements with Singapore.
Is luxury demand recovering?
Activity has picked up due to lower borrowing costs, renewed interest in prime launches, and stable market sentiment.
Are there better value options outside District 10?
Yes. Core Central Region projects located at Great World MRT, like Thomson View Residences in District 9, offers strong value at prices around S$3xxx psf.
