Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Nassim Park Residences, an ultra-luxurious property residence, is nestled on Nassim Road in prime District 10. It comprises 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 nearly 250,000 sq ft.
The feeling of deluxe at Nassim Park Residences expands well beyond the apartment and its rich, manicured grounds. Driving home along the tree-lined Nassim Road feels like a come back to a timeless refuge.
In addition, the typical rate trends of Nassim Park Residences also revealed more powerful growth over the past 7 years, compared with various other similar-sized real estates 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.
A top 3,466 sq ft four-bedroom en suite unit has actually been offered with a guide price of about S$ 5000psf. It is located in the corner stack of the raised block that has actually not seen any resale transaction since the apartment’s TOP in 2011, making it especially unusual.
Given the rarity and the significant Freehold grounds, this prime and immaculate residence is a superb selection for those seeking fine-tuned, serene living, wealth conservation, and a legacy asset to be valued for generations.
Continued viewed as the pinnacle of reputation and tradition wealth, Nassim Road is dwelling to a few of the nation’s most distinct properties, from Good Class Bungalows (GCBs) to lavish condos. Its proximity to Orchard Road, Singapore’s top shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and prominent international schools makes it extremely sought by the affluent both local and abroad.
Created by a consortium including Singapore-listed property company UOL Group, Kheng Leong Co. (the financial investment auto 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 recognized for their distinctive inputs to architecture and design.
Besides its prominent place and rarity, Nassim Park Residences has shown solid rate strength contrasted to other similar premium properties in Districts 9 and 10, claims its exclusive marketing representative, Betty Chandra from OrangeTee & Tie. “It is interesting to indicate that there is a reasonably greater percentage of local versus immigrant ownership at Nassim Park Residences, compared to other luxury projects in Areas 9 and 10,” states Chandra.
The condominium premises are a peaceful exclusive retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, purification and tranquillity. Matching the motif is a clubhouse offering a fitness center, yoga exercise and spa establishments and a large lounge for holding personal celebrations and events, together with a swimming pool, jacuzzi and playground.
Real estate investment in Singapore is very closely connected to our collectivist society and legacy preparation. Local financiers have a tendency to hold these properties for the long term, making them less susceptible to regulation alterations and reselling volatility, she includes.
Large-format high-end homes similar to this have generally been favoured by foreigners and irreversible citizens due to constraints on buying landed properties. Although the number of overseas investors has declined following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties continues to be strong. These flats are considerably preferred with Singaporeans, many of whom are choosing them over landed homes. Chandra includes that she has lately completed deals on various other large apartments, priced between $7.5 million and $16 million, bought by Singaporean families for their very own usage.
Accessed through a private lift, this pristine and meticulously preserved luxury residence remains in excellent move-in condition. A striking primary foyer, clad in warm wood panelling, moves right into roomy, airy living and dining spots. The apartment likewise features a glistening reflective swimming pool with timber decking on the northeast-facing closed terrace, expanding the living space and making it ideal for entertaining. Apart from the generous home, there are 4 elegant ensuite bedrooms, a reading room, premium and asian cooking area and a utility area.
