Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Realty financial investment in Singapore is closely linked to our collectivist society and legacy planning. Local investors have a tendency to hold these properties for the long term, making them much less prone to policy changes and resale volatility, she adds.
Provided the rarity and the sizeable Freehold premises, this prime and immaculate home is a superb selection for those looking for improved, relaxing living, wealth preservation, and a legacy asset to be treasured for years.
The apartment grounds are a tranquil 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 spacious lounge for organizing exclusive parties and events, together with a pool, jacuzzi and play area.
Long seen as the pinnacle of prestige and legacy wealth, Nassim Road is dwelling to several of the country’s most exclusive properties, from Good Class Bungalows (GCBs) to luxurious apartments. Its closeness to Orchard Road, Singapore’s leading shopping belt, the Botanic Gardens, a Unesco World Heritage location, the Central Business District, Marina Bay and top international institutions makes it highly sought by the affluent both local and abroad.
Established by a consortium including Singapore-listed property company UOL Group, Kheng Leong Co. (the investment vehicle 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 designer Christian Liaigre, each respected for their distinctive inputs to architecture and design.
Besides its distinguished location and rarity, Nassim Park Residences has presented strong cost durability compared to other similar premium properties in Areas 9 and 10, says its exclusive marketing representative, Betty Chandra from OrangeTee & Tie. “It is interesting to consider that there is a reasonably greater ratio of local versus immigrant ownership at Nassim Park Residences, compared to other high-end properties in Areas 9 and 10,” states Chandra.
Large-format luxury homes such as this have actually generally been favoured by foreigners and permanent homeowners as a result of restrictions on acquiring landed properties. Even though the amount of international purchasers has decreased following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties stays strong. These apartments are considerably well-liked with Singaporeans, much of whom are selecting them over landed homes. Chandra adds that she has just recently finished deals on other large apartments, valued between $7.5 million and $16 million, bought by Singaporean families for their own usage.
Accessed via an exclusive lift, this pristine and meticulously preserved luxury property is in excellent move-in condition. A striking main entrance hall, clad in cozy wood panelling, streams into spacious, ventilated living and dining spots. The apartment also includes a shining reflective pool with timber outdoor decking on the northeast-facing closed terrace, expanding the living space and making it ideal for entertaining. Other than the generous home, there are 4 lavish ensuite bedrooms, a reading space, gourmet and asian kitchen and a utility area.
A top 3,466 sq ft four-bedroom en suite unit has actually been put up for sale with a guide cost of approximately S$ 5000psf. It is placed in the corner stack of the elevated block that has not seen any resale transaction ever since the apartment’s TOP in 2011, making it exceptionally rare.
The sense of luxury at Nassim Park Residences expands well past the apartment and its lavish, manicured premises. Driving home along the tree-lined Nassim Road feels like a come back to a classic sanctuary.
Nassim Park Residences, an ultra-luxurious property residence, is located on Nassim Road in prime District 10. It makes up 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 almost 250,000 sq ft.
In addition, the typical price patterns of Nassim Park Residences also showed more powerful growth over the last 7 years, compared to 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 legacy home for high-net-worth individuals.
