Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Developed by a consortium consisting of Singapore-listed real property firm 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 professional Christian Liaigre, each valued for their distinctive inputs to architecture and design.
The apartment premises are a peaceful private retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, purification and tranquillity. Complementing the theme is a clubhouse giving a health club, yoga and spa centers and a spacious lounge for organizing private gatherings and events, along with a swimming pool, jacuzzi and play ground.
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Besides its distinguished area and rarity, Nassim Park Residences has actually shown solid rate durability contrasted to many other similar premium properties in Districts 9 and 10, claims its exclusive promotion and marketing broker, Betty Chandra from OrangeTee & Tie. “It is interesting to note that there is a relatively higher percentage of local versus immigrant ownership at Nassim Park Residences, compared to various other luxury properties in Districts 9 and 10,” says Chandra.
Offered the rarity and the sizeable Property grounds, this prime and immaculate residence is an outstanding option for those seeking fine-tuned, serene living, riches conservation, and a legacy asset to be treasured for years.
Nassim Park Residences, an ultra-luxurious estate condo, is situated on Nassim Road in prime District 10. It comprises exactly 100 apartments– four-bedroom en suite or the five-bedroom en suite penthouses, housed across the four low-rise blocks on a sprawling land story of nearly 250,000 sq ft.
Accessed using a private lift, this pristine and meticulously kept luxury residence remains in excellent move-in condition. A striking main foyer, clad in warm wood panelling, moves right into sizable, ventilated living and dining spots. The apartment likewise features a glimmering reflective swimming pool with timber outdoor decking on the northeast-facing closed balcony, extending the living space and making it ideal for entertaining. In addition to the generous home, there are 4 elegant ensuite rooms, a studying area, premium and asian cooking area and a utility area.
Large-format high-end homes like this have actually generally been favoured by immigrants and permanent citizens as a result of constraints on buying landed estates. Although the amount of international investors has actually declined following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties remains strong. These apartments are increasingly popular with Singaporeans, many of whom are selecting them over ground homes. Chandra includes that she has actually recently finished purchases on other large apartments, valued in between $7.5 million and $16 million, purchased by Singaporean families for their very own usage.
Continued viewed as the peak of reputation and tradition wealth, Nassim Road is home to a few of the country’s most private real estates, from Good Class Bungalows (GCBs) to luxurious apartments. Its closeness to Orchard Road, Singapore’s top shopping belt, the Botanic Gardens, a Unesco World Heritage location, the Central Business District, Marina Bay and prominent international institutions makes it extremely sought-after by the affluent both local and abroad.
In addition, the average rate patterns of Nassim Park Residences additionally showed stronger growth over the last seven years, compared with various other similar-sized real estates in the Central Core Region (CCR) in addition to in Districts 9 and 10, making it a compelling choice as a heritage home for high-net-worth individuals.
A prime 3,466 sq ft four-bedroom en suite unit has been put up for sale with an overview cost of about S$ 5000psf. It is located in the edge stack of the raised block that has not seen any resale transaction since the apartment’s TOP in 2011, making it incredibly uncommon.
Property financial investment in Singapore is very closely linked to our collectivist culture and tradition preparation. Local investors have a tendency to hold these properties for the long-term, making them less vulnerable to regulation alterations and reselling volatility, she adds.
The sense of deluxe at Nassim Park Residences extends well past the apartment and its lush, manicured premises. Driving home along the tree-lined Nassim Road feels like a return to an ageless refuge.
