Celebrities cashing in on OUE Twin Peaks

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The superstar Jackie Chan and the singer-songwriter Wakin Chau purchased some apartments in OUE Twin Peaks condominium that is situated at Leonie Hill Road in District 09, Singapore.

Chau bought only one unit while Chan bought two units on the lower floors of the property according to an article from The Business Times.

These three 1-bedroom units in this 99-year leasehold condominium with a total of 571 suare feet each, have an average price of roughly S$2,850 psf. They (Market Watchers) believe that these two enjoyed a discount.

Chan owned a 3-bedroom apartment unit in the Grangefold Apartments which OUE redeveloped and is now called the Twin Peaks after getting the site in an en bloc sale for the past few years.

The property contains two identical towers that consist of 35 floors and 462 that provides with a combination of 1- to 3-bedroom apartments. OUE began selling apartment units last July in the year 2010 and has sold over 50 units within the same day and the highest selling price was recorded at S$3,170 psf.

Chan and Chau also acquired four apartments in a freehold condominium called Centennia Suites that is situated at Kim Seng Road that was worth more than S$10 million last March 2010. Chan bought 2-, 3-, and 4-bedroom units while Chau purchased the 3-bedroom unit. This is going to be one famous Orchard Property for now.