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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 inĀ 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.