[New Launch] Singapore's Luxury Market Shows Strong Confidence as 21 Anderson Makes a Powerful Debut, Topping $5,100 PSF

Setting a New Benchmark in Super-Luxury Living: $58M Penthouse Commands Strong Appeal

For ultra-high-net-worth individuals searching for their ultimate "trophy home" in Singapore, 21 Anderson has emerged as the definitive address.

With virtually no fanfare, developer Kheng Leong quietly launched its brand-new super-luxury residential development, 21 Anderson, last month. Comprising an exclusive collection of just 18 units, seven have already been sold or are under negotiation. Notably, one transaction fetched an eye-watering $5,127 per square foot (psf)—marking the third-highest unit price in Singapore’s residential market this year, behind only two landmark deals at Park Nova.

Prime Address, Bespoke Specifications, and Utmost Privacy

The development is nestled along the prestigious Anderson Road luxury belt, contiguous with Ardmore Park and Draycott Park. Ranking among Singapore's most prime enclaves for Good Class Bungalows (GCBs) and premier non-landed residences, it sits in close proximity to Orchard Road and the Shangri-La Hotel, enveloped by verdant greenery.

The boutique development comprises a single nine-storey residential tower with only two residences per floor. The unit breakdown is as follows:

• Two-bedroom unit (Ground floor): approx. 3,197 sq ft, priced from **$10 million**

• Four-bedroom units (2nd to 8th floors): approx. 4,489 sq ft, priced from **$20 million**

• Five-bedroom duplex penthouse (9th floor): approx. 10,452 sq ft, with a guide price of **$58.6 million** (approx. $5,604 psf)

The duplex penthouse features a private 9-metre swimming pool, roof garden, Japanese sauna, and a walk-in wine cellar, boasting sweeping panoramic views across Anderson Road and the former Raffles Girls' School site.

Curated by a triumvirate of design masters: seamlessly harmonising architecture, landscape, and interior aesthetics

• Lead Architectural Design: Acclaimed Singapore-based architect Ernesto Bedmar

• Landscape Architecture: Renowned Japanese Zen garden master Shunmyo Masuno

• Interior Design: Epitome of French luxury aesthetics, Studio Liaigre

Following their celebrated collaboration on 32 Gilstead, the three luminaries reunite to redefine the art of quiet, understated luxury with consummate craftsmanship.

A Splendid Transformation: From Serviced Apartments to Freehold Trophy Residences

Originally a serviced apartment development owned by Far East Consortium, 21 Anderson was acquired by Kheng Leong in 2021 for **$213 million**, undergoing an extensive overhaul:

• Substantial reconstruction of the original structure, building facade, and mechanical and electrical (M&E) systems

• Full spatial reconfiguration and luxurious refurbishment, with TOP expected in Q3 2025

• Compared to a ground-up redevelopment, the asset enhancement significantly shortened the construction timeline, allowing buyers to take handover as early as Q2
  

Architectural & Layout Highlights: The Art of Generous Proportions

• Four-bedroom residences boast an expansive 18-metre front-to-back facade, with balconies paved in Middle Eastern green stone

• Living spaces and bedrooms are fitted with bespoke solid timber flooring, while master en-suites feature Japanese onsen-style soaking tubs

• Each residence enjoys a private lift lobby, dedicated study, and both wet and dry kitchens

• Communal facilities include a gymnasium, private dining/function room, and round-the-clock concierge service

• 49 car park lots in total, with 2 allocated lots per penthouse

Amid Steep ABSD Rates, Why Does 21 Anderson Still Captivate High-Net-Worth Buyers?

Following the sharp hike in Additional Buyer’s Stamp Duty (ABSD) in 2023, the buyer demographic at 21 Anderson has become distinctly local and resident-driven:

• Among the three lodged caveats, one unit was purchased by a Singapore Citizen and two by Permanent Residents (PRs)

• Prospective purchasers primarily comprise Singaporeans, PRs, and ultra-high-net-worth individuals from mainland China

• Several buyers are exploring amalgamating adjacent or vertical units to create bespoke "villas in the sky"
  

What Does 21 Anderson Represent?

It stands as a generational heirloom asset—far beyond mere residence, it embodies the continuity of an elevated lifestyle philosophy and a definitive hallmark of prestige.

Against a backdrop of land scarcity and stringent regulatory curbs, 21 Anderson uniquely unites expansive floor plates, freehold tenure, and boutique exclusivity. Through unparalleled privacy, refined artisanal aesthetics, and enduring legacy value, it delivers an ultra-luxurious sanctuary that is virtually impossible to replicate.