Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Continued seen as the pinnacle of eminence and legacy riches, Nassim Road is dwelling to a few of the nation’s most exclusive properties, from Good Class Bungalows (GCBs) to luxurious condos. Its distance to Orchard Road, Singapore’s leading shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and prominent international institutions makes it very sought-after by the affluent both locally and abroad.
Nassim Park Residences, an ultra-luxurious estate condominium, is nestled on Nassim Road in prime District 10. It consists of exactly 100 apartments– four-bedroom en suite or the five-bedroom en suite penthouses, housed across the 4 low-rise blocks on a sprawling land story of almost 250,000 sq ft.
Property financial investment in Singapore is closely linked to our collectivist society and legacy planning. Local financiers tend to hold these properties for the long-term, making them much less susceptible to policy changes and reselling volatility, she includes.
Given the rarity and the significant Estate grounds, this prime and spotless residence is an outstanding selection for those seeking fine-tuned, tranquil living, wealth conservation, and a legacy asset to be valued for generations.
Large-format high-end homes similar to this have actually commonly been favoured by immigrants and long-term locals as a result of limitations on acquiring landed estates. Though the quantity of foreign buyers has decreased following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties remains strong. These flats are significantly popular with Singaporeans, much of whom are picking them over ground homes. Chandra includes that she has actually just recently completed deals on various other large apartments, priced in between $7.5 million and $16 million, bought by Singaporean families for their very own usage.
The condo grounds are a tranquil exclusive retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, filtration and tranquillity. Enhancing the theme is a clubhouse presenting a fitness center, yoga exercise and health spa establishments and a large lounge for holding personal parties and events, along with a pool, jacuzzi and playground.
A top 3,466 sq ft four-bedroom en suite unit has been put up for sale with an overview rate of approximately S$ 5000psf. It is placed in the edge stack of the elevated block that has actually not viewed any resale transaction since the condo’s TOP in 2011, making it incredibly rare.
On top of that, the typical cost trends of Nassim Park Residences additionally revealed stronger growth over the past seven years, compared to other similar-sized real estates in the Central Core Region (CCR) in addition to in Districts 9 and 10, making it a compelling choice as a tradition home for high-net-worth individuals.
Besides its respected location and rarity, Nassim Park Residences has displayed solid price resilience compared to other similar premium properties in Areas 9 and 10, says its exclusive marketing broker, Betty Chandra from OrangeTee & Tie. “It is interesting to consider that there is a relatively greater percentage of local versus foreigner possession at Nassim Park Residences, contrasted to various other luxury projects in Districts 9 and 10,” claims Chandra.
Accessed via a private lift, this pristine and meticulously kept luxury residence remains in excellent move-in condition. A striking primary foyer, clad in cozy wood panelling, streams into spacious, airy living and dining areas. The apartment additionally features a glistening reflective swimming pool with timber decking on the northeast-facing covered veranda, prolonging the living space and making it ideal for entertaining. Other than the generous space, there are 4 lavish ensuite bedrooms, a reading space, fine and asian cooking area and a utility area.
Developed by a consortium comprising Singapore-listed real estate firm UOL Group, Kheng Leong Co. (the investment vehicle of billionaire Wee Cho Yaw) and Tokyo-based Orix Corp, the project is made by Singaporean architect Chan Soo Khian, Japanese landscape architect and Zen monk Shunmyo Masuno and the late French interior designer Christian Liaigre, each valued for their distinct contributions to architecture and design.
The feeling of luxury at Nassim Park Residences expands well beyond the apartment and its lavish, manicured grounds. Driving home along the tree-lined Nassim Road seems like a come back to a timeless sanctuary.
