Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Accessed via a private lift, this pristine and meticulously preserved luxury residency is in superb move-in condition. A striking major entrance hall, clad in warm wood panelling, flows right into sizable, ventilated living and dining areas. The apartment additionally features a glimmering reflective swimming pool with timber outdoor decking on the northeast-facing closed porch, expanding the living space and making it ideal for entertaining. Aside from the generous space, there are 4 lavish ensuite bedrooms, a reading area, gourmet and asian cooking area and a utility area.
The feeling of luxury at Nassim Park Residences expands well beyond the apartment and its rich, manicured premises. Driving home along the tree-lined Nassim Road feels like a return to an ageless sanctuary.
Offered the rarity and the sizeable Estate premises, this prime and immaculate house is a superb selection for those seeking fine-tuned, serene living, riches preservation, and a legacy asset to be cherished for generations.
The apartment grounds are a tranquil private retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, filtration and tranquillity. Complementing the motif is a clubhouse giving a gym, yoga exercise and health spa facilities and a large lounge for holding exclusive gatherings and events, along with a swimming pool, jacuzzi and play area.
Besides its respected locale and rarity, Nassim Park Residences has presented solid cost durability contrasted to many other similar premium properties in Areas 9 and 10, claims its exclusive marketing broker, Betty Chandra from OrangeTee & Tie. “It is interesting to note that there is a fairly greater percentage of local versus immigrant ownership at Nassim Park Residences, compared to other luxury properties in Areas 9 and 10,” states Chandra.
Developed by a consortium including Singapore-listed real property firm UOL Group, Kheng Leong Co. (the financial investment vehicle of billionaire Wee Cho Yaw) and Tokyo-based Orix Corp, the project is developed by Singaporean architect Chan Soo Khian, Japanese landscape architect and Zen monk Shunmyo Masuno and the late French interior decorator Christian Liaigre, each appreciated for their distinct contributions to architecture and design.
Large-format luxury homes like this have typically been favoured by immigrants and long-term citizens because of limitations on acquiring landed estates. Though the amount of foreign investors has dropped following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties continues to be strong. These residences are considerably popular with Singaporeans, many of whom are selecting them over landed homes. Chandra includes that she has lately completed transactions on various other large apartments, priced between $7.5 million and $16 million, purchased by Singaporean families for their very own use.
On top of that, the average rate trends of Nassim Park Residences additionally showed more powerful growth over the last seven years, compared with other similar-sized properties in the Central Core Region (CCR) as well as in Districts 9 and 10, making it a compelling choice as a heritage home for high-net-worth individuals.
Continued considered the peak of prestige and heritage riches, Nassim Road is home to several of the nation’s most exclusive properties, from Good Class Bungalows (GCBs) to grand condos. Its distance to Orchard Road, Singapore’s top shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and top international schools makes it very sought by the affluent both locally and abroad.
A top 3,466 sq ft four-bedroom en suite unit has actually been offered with a guide rate of about S$ 5000psf. It is located in the corner stack of the high block that has not seen any resale transaction since the condominium’s TOP in 2011, making it incredibly rare.
Nassim Park Residences, an ultra-luxurious estate condominium, is situated on Nassim Road in prime District 10. It consists of precisely 100 apartments– four-bedroom en suite or the five-bedroom en suite penthouses, housed across the four low-rise blocks on a sprawling land plot of almost 250,000 sq ft.
Real estate investment in Singapore is very closely linked to our collectivist culture and tradition preparation. Local financiers have a tendency to hold these properties for the long-term, making them less susceptible to guideline adjustments and resale volatility, she includes.
