Located at the intersection of Singapore’s central business district and Marina Bay at 1 Prince Edward Road, an impressive integrated vertical city with 1.5 million sq ft of floor area is set to dominate the city skyline. Towering 305 metres above ground, The Skywaters will be Singapore’s first super-tall skyscraper – a title reserved for buildings of more than 300 metres, according to the non-profit Council on Tall Buildings and Urban Habitat.
The 63-storey Skywaters, estimated to be completed in 2028, will be the Lion City’s tallest landmark, and one of the region’s most coveted addresses. The development’s luxury units, Skywaters Residences, are already attracting strong interest from ultra-high-net-worth (UHNW) individuals at home and abroad. Last year, an exclusive penthouse suite at Skywaters Residences sold for a record-setting S$47.3 million (US$37 million), according to Singaporean property portal EdgeProp, while in June, a 5,285 sq ft, five-bedroom unit on the 55th floor sold for S$30.87 million, the portal reported. Both sales exceed the price tag for some recently sold luxury properties in New York’s Manhattan district, which consistently ranks among the world’s most expensive real estate markets with the most UHNW residents.
While the luxury property markets in Singapore and New York each offer unique opportunities for potential buyers, they share a similar reputation for quality. The Skywater’s luxurious units are on par with New York’s finest properties, such as an ultra-luxury, 5-bedroom penthouse suite at 33 Park Row in the city’s Financial District, which recently listed for US$19.5 million, or a 4,500 sq ft condominium facing Central Park at 111 West 57th Street on Manhattan’s Billionaires’ Row with an asking price of US$22.5 million in August, according to US-based real estate news outlet, The Real Deal.
The global UHNW population is projected to grow by more than a third by 2030, according to Altrata’s Residential Real Estate 2025 report. With the reduced supply of luxury homes in recent years, and Singapore’s status as a secure investment haven, demand for the limited number of expansive luxury Skywaters Residences available – including eight penthouses spanning the 28th to 63rd floors – is expected to reach record levels among investors seeking an ultra-exclusive home in Asia.
Designed by the architecture firm Skidmore, Owings & Merrill, the visionaries behind monumental projects including the 541-metre-tall (1,776 ft) One World Trade Center in New York – the western hemisphere’s tallest building – The Skywaters is set to join the elite ranks of the world’s towering skyscrapers.
The development aims to redefine urban living, bringing together ultra-luxurious residences, exclusive concierge services, grade A office spaces, upscale retail outlets and a range of fine-dining establishments offering seamless connectivity and easy access to amenities for residents and their guests. Adding to its prestige, a world-renowned six-star hotel, featuring 11 ultra-exclusive suites, will make its Singapore debut at The Skywaters. The Skywaters mixed-use design offers easily accessible solutions for all of its occupants’ needs, including the luxury hotel, where they can make reservations for their guests and business associates.