Celebs snap up units at Twin Peaks

Superstar Jackie Chan and singer-songwriter Wakin Chau have acquired several apartments in Overseas Union Enterprise’s (OUE) Twin Peaks condo at Leonie Hill Road.

According to a report by The Business Times, Chan has purchased two units on one of the lower floors of the 35-storey project, while Chau has bought a unit on another floor.

With a total size of 571 sq ft each, the three one-bedroom units in the 99-year leasehold project have an average price of approximately S$2,850 psf. Market watchers believe that the two celebrities enjoyed a discount.

Chan used to own a three-bedroom unit in the old Grangeford Apartments, which OUE redeveloped into Twin Peaks after acquiring the site in an en bloc sale a few years ago.

Twin Peaks includes two identical 35-storey towers with a total of 462 homes, providing a combination of one-, two- and three-bedroom units. OUE started selling units in the project in July 2010 and has sold over 50 units to date, its highest selling price recorded at S$3,170 psf.

The two stars had acquired four apartments in the freehold Centennia Suites at Kim Seng Road, worth more than S$10 million, in March 2010. In that transaction, Chan purchased three units — two-, three- and four-bedders — while Chau bought a three-bedroom unit.