|For Immediate Release||25 March 2021|
25 March 2021, Singapore - Swire Properties announced today that it has sold all 20 apartments in its EDEN ultra-luxury residential project. Located at 2 Draycott Park in Singapore's prestigious District 10 Orchard Road neighbourhood, EDEN was designed by Thomas Heatherwick of Heatherwick Studio and is his first completed residential development globally.
All 20 apartments - each occupying an entire floor of over 3,000 sq ft and featuring four en-suite bedrooms - were sold for an aggregate of SG$293 million (around HK$1.7 billion), or SG$4,827 (approximately HK$27,800) per sq ft. The sale will be completed by 26 May 2021, subject to the fulfilment of the terms of the sale and purchase agreements.
"We're delighted to sell all 20 apartments at EDEN, our phenomenal ultra-luxury residences in the heart of Singapore," said Guy Bradley, Chief Executive of Swire Properties.
"The sale of the units is significant as it recognises EDEN's distinct design and reflects the strength of our residential brand in this new market. Moving forward, we'll continue to explore Singapore for more opportunities that showcase our brand and fit our business strategy."
Inspired by Singapore's vision as a ‘city in a garden', EDEN reconnects residents with nature, with one of the most iconic features being the 270-degree bespoke ‘private gardens-in-the-sky' filled with tropical greenery.
EDEN has set a new benchmark for sustainable ultra-luxury residences, and the development has earned a Green Mark Platinum rating from Singapore's Building and Construction Authority (BCA). Green components include natural ventilation that reduces the need for air-conditioning and energy usage, as well as tailored concrete to aid natural cooling, to name but a few highlights. The development was completed in 2019.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong and its investment portfolio in Hong Kong comprises Taikoo Place, Cityplaza and Pacific Place. In addition to Hong Kong, the Company has investments in the Chinese mainland, the United States, Singapore, Indonesia and Vietnam.
Visit Swire Properties' website at www.swireproperties.com.
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