Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
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 developed by Singaporean architect Chan Soo Khian, Japanese landscape architect and Zen monk Shunmyo Masuno and the late French interior decorator Christian Liaigre, each recognized for their distinct inputs to architecture and design.
Besides its distinguished location and rarity, Nassim Park Residences has actually presented solid rate strength contrasted to many other similar premium properties in Areas 9 and 10, states its exclusive promotion and marketing broker, Betty Chandra from OrangeTee & Tie. “It is interesting to indicate that there is a reasonably higher ratio of local versus immigrant ownership at Nassim Park Residences, contrasted to various other luxury projects in Districts 9 and 10,” states Chandra.
Nassim Park Residences, an ultra-luxurious property condominium, is located 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 story of almost 250,000 sq ft.
Accessed through a private lift, this pristine and meticulously kept luxury residency remains in outstanding move-in condition. A striking major foyer, clad in cozy wood panelling, flows into large, airy living and dining spots. The apartment additionally includes a glistening reflective pool with timber outdoor decking on the northeast-facing canopied porch, prolonging the living space and making it ideal for entertaining. Apart from the generous home, there are 4 elegant ensuite rooms, a reading room, fine and asian kitchen and a utility location.
Large-format luxury homes such as this have actually generally been favoured by foreigners and long-term citizens because of restrictions on buying landed estates. Though the amount of international purchasers has actually declined following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties continues to be strong. These apartments are increasingly preferred with Singaporeans, much of whom are picking them over landed homes. Chandra adds that she has lately completed purchases on various other large apartments, valued in between $7.5 million and $16 million, acquired by Singaporean families for their very own usage.
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Real estate investment in Singapore is closely tied to our collectivist society and tradition preparation. Local investors have a tendency to hold these properties for the long-term, making them much less at risk to regulation changes and reselling volatility, she includes.
The condominium grounds are a relaxing exclusive retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, purification and tranquillity. Complementing the motif is a clubhouse presenting a gym, yoga and health spa centers and a sizable lounge for organizing exclusive parties and occasions, along with a swimming pool, jacuzzi and playground.
Furthermore, the ordinary cost trends of Nassim Park Residences likewise showed stronger development over the past 7 years, compared with various other similar-sized real estates in the Central Core Region (CCR) along with in Districts 9 and 10, making it a compelling choice as a heritage home for high-net-worth individuals.
Long viewed as the peak of prestige and tradition riches, Nassim Road is dwelling to a few of the nation’s most exclusive properties, from Good Class Bungalows (GCBs) to luxurious apartments. Its closeness to Orchard Road, Singapore’s premier shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and prominent international schools makes it highly desired by the affluent both local and abroad.
A prime 3,466 sq ft four-bedroom en suite unit has actually been offered with a guide rate of around S$ 5000psf. It is located in the edge stack of the high block that has not seen any resale transaction ever since the condominium’s TOP in 2011, making it exceptionally uncommon.
The feeling of high-end at Nassim Park Residences extends well past the apartment and its lavish, manicured grounds. Driving home along the tree-lined Nassim Road seems like a return to a classic sanctuary.
Given the rarity and the sizeable Estate premises, this prime and spotless home is a superb option for those looking for refined, peaceful living, riches preservation, and a legacy asset to be cherished for years.
