# Why building a new luxury condo to top The Marq on Paterson Hill will be tough

- **Source:** The Business Times
- **Published:** 2026-07-20T04:06:22.000Z
- **Author:** Leslie Yee
- **Original:** https://www.businesstimes.com.sg/opinion-features/why-building-new-luxury-condo-top-marq-paterson-hill-will-be-tough
- **Topics:** Private Residential, Transactions & Deals

## Featured rationale

The record-leading deal signals continued demand for established luxury properties, although limited access to freehold Orchard-area en bloc sites could constrain competing new supply.

## AI summary

A 6,232 sq ft unit at The Marq on Paterson Hill sold for S$37 million, or S$5,937 psf, topping H1 2026 prime non-landed transactions.

## Original article

[SINGAPORE] A recent report by Knight Frank Singapore highlighted that interest in prime homes here was steady in the first six months of 2026, with wealth from new citizens and permanent residents (PRs) helping to drive demand for luxury non-landed residential properties.

Topping the transactions of prime non-landed homes in the first half of the year was the sale of a 6,232 square foot (sq ft) unit at The Marq on Paterson Hill for S$37 million, or S$5,937 per square foot (psf).

The price psf for the above transaction exceeded the price psf of units sold at the much newer 21 Anderson in H1.

## Chinese translation

> Translation model: grok

### 新建豪华公寓要超越The Marq on Paterson Hill的售价将十分困难

豪华公寓需求虽在，但要取得乌节路一带的永久地契集体出售地段可能颇为棘手

[新加坡] 莱坊新加坡（Knight Frank Singapore）近期报告指出，2026年上半年本地优质住宅兴趣保持平稳，新公民与永久居民（PR）的财富助力推动豪华非有地住宅需求。

上半年优质非有地住宅交易中，成交价居首的是The Marq on Paterson Hill一套6,232平方英尺（sq ft）单位，以3,700万新元、即每平方英尺5,937新元（psf）售出。

上述交易的psf价格，已超过上半年较新项目21 Anderson已售单位的psf售价。