Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Real estate investment in Singapore is carefully linked to our collectivist society and legacy preparation. Local investors often tend to hold these properties for the long-term, making them much less at risk to regulation modifications and reselling volatility, she includes.
Accessed through a private lift, this pristine and meticulously kept luxury residency remains in fantastic move-in condition. A striking primary entrance hall, clad in cozy wood panelling, flows right into sizable, ventilated living and dining spaces. The flat also features a shining reflective pool with timber decking on the northeast-facing covered balcony, extending the living space and making it ideal for entertaining. Apart from the generous space, there are 4 luxurious ensuite bed rooms, a studying space, fine and asian kitchen and a utility location.
Created by a consortium including Singapore-listed real property company UOL Group, Kheng Leong Co. (the financial investment auto 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 professional Christian Liaigre, each valued for their distinct inputs to architecture and design.
Additionally, the ordinary rate trends of Nassim Park Residences additionally revealed stronger development over the last seven years, compared with other similar-sized real estates in the Central Core Region (CCR) along with in Districts 9 and 10, making it a compelling choice as a tradition home for high-net-worth individuals.
Continued viewed as the peak of prestige and legacy wealth, Nassim Road is home to several of the nation’s most exclusive properties, from Good Class Bungalows (GCBs) to luxurious condos. Its closeness to Orchard Road, Singapore’s best shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and prominent international schools makes it highly desired by the affluent both local and abroad.
Nassim Park Residences, an ultra-luxurious property condo, is situated on Nassim Road in prime District 10. It makes up precisely 100 apartments– four-bedroom en suite or the five-bedroom en suite penthouses, housed across the 4 low-rise blocks on a sprawling land plot of nearly 250,000 sq ft.
Provided the rarity and the sizeable Freehold premises, this prime and immaculate house is a superb choice for those seeking refined, serene living, wealth conservation, and a legacy asset to be valued for years.
Besides its prestigious locale and rarity, Nassim Park Residences has actually presented solid rate resilience contrasted to many other similar premium properties in Areas 9 and 10, claims its exclusive marketing agent, Betty Chandra from OrangeTee & Tie. “It is interesting to note that there is a fairly greater ratio of local versus foreigner possession at Nassim Park Residences, compared to various other luxury properties in Districts 9 and 10,” says Chandra.
A prime 3,466 sq ft four-bedroom en suite unit has actually been offered with a guide rate of about S$ 5000psf. It is positioned in the edge stack of the elevated block that has not seen any resale transaction since the condominium’s TOP in 2011, making it incredibly rare.
The condominium grounds are a serene exclusive retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, filtration and tranquillity. Enhancing the theme is a clubhouse offering a health club, yoga exercise and spa facilities and a roomy lounge for hosting exclusive gatherings and occasions, along with a swimming pool, jacuzzi and play area.
Large-format deluxe homes like this have actually traditionally been favoured by foreigners and permanent locals due to limitations on buying landed properties. Though the quantity of international buyers has declined following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties continues to be strong. These flats are significantly preferred with Singaporeans, much of whom are picking them over landed homes. Chandra adds that she has lately finished transactions on other large apartments, valued between $7.5 million and $16 million, acquired by Singaporean families for their own use.
The feeling of high-end at Nassim Park Residences stretches well beyond the apartment and its lush, manicured grounds. Driving home along the tree-lined Nassim Road seems like a come back to a classic sanctuary.
