Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Created by a consortium comprising Singapore-listed property company UOL Group, Kheng Leong Co. (the financial investment vehicle of billionaire Wee Cho Yaw) and Tokyo-based Orix Corp, the project is created 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.
Furthermore, the average cost trends of Nassim Park Residences additionally showed more powerful growth over the last 7 years, compared with various other similar-sized properties in the Central Core Region (CCR) along with in Districts 9 and 10, making it a compelling choice as a heritage home for high-net-worth individuals.
Realty financial investment in Singapore is closely connected to our collectivist culture and heritage planning. Local capitalists often tend to hold these properties for the long term, making them less vulnerable to guideline changes and reselling volatility, she includes.
Offered the rarity and the large Freehold grounds, this prime and spotless home is an excellent selection for those seeking improved, peaceful living, wealth preservation, and a legacy asset to be valued for years.
Nassim Park Residences, an ultra-luxurious property residence, is located 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 4 low-rise blocks on a sprawling land plot of approximately 250,000 sq ft.
Besides its prestigious place and rarity, Nassim Park Residences has presented solid cost resilience compared to other similar premium properties in Districts 9 and 10, claims its exclusive marketing broker, Betty Chandra from OrangeTee & Tie. “It is interesting to note that there is a reasonably higher percentage of local versus foreigner ownership at Nassim Park Residences, compared to various other luxury properties in Districts 9 and 10,” says Chandra.
Accessed via a private lift, this pristine and meticulously maintained luxury apartment is in outstanding move-in condition. A striking primary foyer, clad in warm wood panelling, flows into sizable, ventilated living and dining areas. The apartment also features a shining reflective swimming pool with timber outdoor decking on the northeast-facing closed balcony, extending the living space and making it ideal for entertaining. Apart from the generous living space, there are 4 elegant ensuite bedrooms, a studying room, premium and asian cooking area and a utility area.
The feeling of luxury at Nassim Park Residences stretches well beyond the apartment and its rich, manicured premises. Driving home along the tree-lined Nassim Road seems like a return to an ageless sanctuary.
Large-format luxury homes such as this have actually generally been favoured by foreigners and irreversible homeowners as a result of limitations on acquiring landed estates. Though the quantity of international investors has actually dropped following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties stays strong. These apartments are significantly well-liked with Singaporeans, many of whom are picking them over landed homes. Chandra adds that she has actually just recently completed deals on various other large apartments, valued between $7.5 million and $16 million, acquired by Singaporean families for their own usage.
The condo grounds are a tranquil exclusive retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, filtration and tranquillity. Complementing the style is a clubhouse giving a health club, yoga exercise and health spa facilities and a roomy lounge for organizing exclusive gatherings and occasions, together with a swimming pool, jacuzzi and playground.
Long seen as the peak of prestige and legacy wealth, Nassim Road is dwelling to some of the nation’s most distinct properties, from Good Class Bungalows (GCBs) to luxurious condominiums. Its closeness to Orchard Road, Singapore’s top shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and prominent international institutions makes it very in-demand by the affluent both locally and abroad.
A top 3,466 sq ft four-bedroom en suite unit has been offered with an overview cost of around S$ 5000psf. It is positioned in the edge stack of the elevated block that has actually not viewed any resale transaction ever since the condominium’s TOP in 2011, making it especially rare.
