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Penthouse at Gramercy Park sold for $17 mil

Penthouse at Gramercy Park sold for $17 mil

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A freehold, 5,533 sq ft penthouse at Gramercy Park in prime District 10 fetched the highest sale price of $17 million ($3,073 psf) for the period between July 4 and 11, according to a caveat lodged with URA on July 10. Located in the South Tower, the property is one of four penthouses in the 170,000 sq ft Gramercy Park, and the second penthouse in the development sold so far. Not surprisingly, the penthouse, which was purchased by a foreigner, is also the highest priced unit sold at the development to date. Another similar-sized penthouse at Gramercy Park was sold when the first phase, the North Tower, was launched in May last year. The transacted price was said to be $16.88 million ($3,050 psf). The buyer is also believed to be a foreigner. [ Last edited by lpshuan84 at 2017-8-3 23:26 ]

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