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Famous celebrities investing in OUE Twin Peaks

A superstar Jackie Chan and Wakin Chau, a singer-songwriter, have bought several apartments in OUE Twin Peaks condominium located at 33 Leonie Hill Road, Singapore in District 09.

Chan bought two units on the lower floors of the property and Chau purchased one unit on another according to an article by The Business Times.

The three 1-bedroom units in this 99-year leasehold property with a total of 571 sq ft each, have an average price of roughly S$2,850 psf. Market Watchers believe that these two celebrities enjoyed a discount.

OUE, redeveloped the old Grangeford Apartments, where Chan used to own a 3- bedroom unit, that is now called the famous Orchard Condo Twin Peaks after obtaining the site in an en bloc sale for the past few years.

This property includes two identical 35-storey towers comprising of 462 units, providing with a combination of 1 to 3-bedroom units. OUE started selling apartment units in this property last July in the year 2010 and has sold over 50 units in the same day and the highest selling price was recorded at S$3,170 psf.

Chan and Chau also acquired 4 apartments in the freehold condominium called Centennia Suites located at Kim Seng Road that was worth more than S$10,000,000 last March 2010. Chan bought 2-, 3-, and 4-bedroom units while Chau purchased a 3-bedroom unit.

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A quick look at the Paragon in Orchard Road

Paragon is an upmarket shopping center located at Orchard Road. The said megamall is designed by a Malaysian architectural firm, Kumpulan Senireka Sendirian Berhad. It is redeveloped in the late 90’s transforming into a modern building and is described as “posh and sleek”. In 2008, Paragon begin on a $82 million renovation included with almost forty million dollar land to expand its commercial space to add more floors of new retail stores, office, and medical space.

It is one of the top of the line shopping centers in Singapore that sought trend brands from all over the world, led by an architecture firm, DP Architects and was completed in Dec 2008.

This multi award-winning shopping center spreads six levels of designer department outlets, eateries, fashion stores, and sport boutiques including some of the high-grade brands of Canale Patisserie Chocolatier, Jimmy Choo, Muji and Nike. There are a lot of choices of brand names for kids’ clothing such as Armani Kids, Classic & Chic, and Guess kids.

There are also several restaurants to choose from ranging from fairly priced food courts to café culture and high-end dining.

Paragon also provides a 20-storey medical and office tower at the top of its shopping podium.

It is also surrounded with hotels and condominiums such as Grand Park Orchard, Holiday Inn Express and the latest new launch Orchard condo of Cairnhill Nine that will provide you not only comfort but also serenity and a great convenience as they are only a walking distance from this megamall.

Stay tuned for latest news and updates regarding this sophisticated mall only here at Yayoiken.