So how much is the most expensive apartment in NYC?

Answer: A cool US$130 million!

The accolade belongs to a triplex penthouse at Zeckendorf Development Co's tower under construction on Manhattan's Upper East Side.

The 12,394sqft property will span the top three floors at 520 Park Avenue, where sales will begin in the first quarter of next year.

The building, between 60th and 61st streets, will include seven duplexes of about 9,138sqft each, starting at US$67 million. Single-floor units of about 4,600sqft will start at US$16.2 million.

The triplex would be the most expensive listing for an apartment in New York history and the largest on the Upper East Side. The unit will include a 1,257sqft terrace with views of Central Park to the north. 520 Park Avenue is slated for completion in 2017.

The asking price works out to about US$10,000psf, which is the average resale price of condos that face the park at the Zeckendorf's 15 Central Park West. At that complex, on the Upper west Side, former Citicorp Inc chairman Sanford Weill sold his penthouse for US$88 million in 2012, Manhattan's most expensive completed residential deal.

Info source: Bloomberg

And to think that Singapore luxury home prices are high...

Photos we took of Trizon...

The wife and I had passed by Trizon many a time since its TOP, whenever we had to ferry our son to/from school. 

We finally decided to make a pit-stop and take a couple of photos of the development this afternoon. 

When we first reviewed Trizon back in 2010, the average selling prices then were in the range of $1,400 - 1,600psf. Prices had hit a high of $2,043psf in July 2012 but given the less than favorable market conditions especially over the past year, the 4 resale transactions that were completed this year have hovered around $1,428 - 1,659psf. 

This is one development that the wife and I have a "hate then love" relationship with - you know what we mean if you have read our review. And it remains in our "wish list"... perhaps in a couple of years.

Click on link below to read our previous review on Trizon:
http://sgproptalk.blogspot.sg/2010/01/trizon-review_7877.html

Colliers report on en-bloc sales

Back from Jakarta this evening and after realizing that it is another "slow news" day on the residential property front, the wife and I decided to scour the Internet for inspiration.

We came across this informative report by Colliers that detailed the Singapore collective sale scene up till July of this year.

So here it is... for your reading pleasure.

Seventy St Patrick's: More than 50% of units launched sold!

This may already be "old" news (as the wife and I have just managed to get onto our laptop after spending the day running around in Jakarta) but BT has reported today that Seventy St Patrick's, a 186-unit freehold condominium located in the East Coast by developer UOL Group, sold around 100 units during its private launch over the weekend.

Units were sold at an average price of $1,630psf.

The smallest unit sold was a two-bedder for about $1.2 million, while the largest was a penthouse that went for around $2.4 million. Around 16 penthouses out of the 36 available were sold.

Singaporean constitute around 90% of the buyers.

Unit sizes for the development range from 700sqft for a two-bedroom to 1,647sqft for a four-bedroom penthouse.

As a comparison, another freehold development nearby - St Patrick's Residences - had three units that changed hands this year at an average price of $1,226psf. The units sold ranged from 1,206sqft to 2,519sqft, according to data from URA.

Seventy St Patrick's comprises nine blocks of five-storey building. It is being built on a site of about 140,000sqft along St Patrick's Road. Estimated completion of the project is end-2017.

Marine Terrace MRT station on the recently announced Thomson-East Coast Line, which is scheduled for completion in 2023, is supposedly located near to the development.

Blog-site redesign (Day 3)

After spending most of the past 3 days in front of the computer, we are now 95% satisfied with what we have done in terms of our blog-site redesign.

The wife and I do not expect anymore major changes. And as you can see, we have faithfully stuck with our favorite orange background color. 

We will inform you once we are ready to go "live" with the revamped SG PropTalk blog-site. Meantime, please continue to visit and post your comments here.

For those who want to "play around" with the new site for a bit, just follow the link below:

http://www.sgpt-test.blogspot.sg/

Thank you!