The apartment is divided into three spaces, with two bedrooms at one end, common spaces in the center and two bedrooms on the opposite side. The open living and dining rooms have marble tile floors and a wall of glass with sliding doors that open to a spacious balcony overlooking Marina Bay. The kitchen, with off-white counters and De Dietrich appliances, is off the dining room, along with an adjacent half-bath.

Image The Concourse Skyline development, completed in 2014, has 360 units, including six penthouses. Credit... List Sotheby’s International Realty Singapore

Down a small hallway past the kitchen, two bedrooms have large windows. One has a walk-in closet and an en suite bathroom with panoramic views of a different swath of the city. The other bedroom uses a hall bathroom. A small hallway leads to the other living area, with a smaller bedroom, bathroom and study, as well as the master suite with an adjacent study.

The development has 360 units, including six penthouses. The development’s amenities include a 164-foot pool, a Jacuzzi, wellness facilities, meditation deck and sauna, green open spaces with barbecue grills, and a pond on one of the rooftops. The development also has a covered bridge to the Nicoll Highway Mass Rapid Transportation station. Singapore Changi airport is about 25 minutes by car.

Market Overview

The sovereign city-nation of Singapore has a highly diverse population of about 5.6 million residents and one of the world’s highest rates of homeownership, due largely to a robust public-housing program that allows residents to own homes subsidized by the government.

Historically, government steering has kept the housing market stable, said Ismail Gafoor, the chief executive of PropNex Realty, Singapore’s largest private real estate company. Following the global financial crisis of 2008, for example, prices dropped by about 30 to 40 percent before rebounding within a year, Mr. Gafoor said, after the government boosted demand for housing by incentivizing immigration for skilled workers. Singapore’s population grew from roughly 4.2 million in 2005 to 5.5 million in 2015.