Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
Nassim Park Residences, an ultra-luxurious property condominium, is located 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 approximately 250,000 sq ft.
Realty investment in Singapore is closely tied to our collectivist society and heritage planning. Local investors tend to hold these properties for the long term, making them less prone to regulation alterations and resale volatility, she adds.
Large-format deluxe homes similar to this have traditionally been favoured by foreigners and long-term locals as a result of limitations on purchasing landed real estates. Even though the amount of overseas buyers has decreased following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties remains strong. These flats are significantly popular with Singaporeans, much of whom are choosing them over ground homes. Chandra adds that she has just recently completed purchases on various other large apartments, priced in between $7.5 million and $16 million, bought by Singaporean families for their own usage.
The sense of high-end at Nassim Park Residences expands well past the apartment and its rich, manicured premises. Driving home along the tree-lined Nassim Road seems like a come back to a timeless refuge.
Besides its distinguished locale and rarity, Nassim Park Residences has displayed solid price strength contrasted to other similar premium properties in Areas 9 and 10, says its exclusive marketing agent, Betty Chandra from OrangeTee & Tie. “It is interesting to note that there is a fairly higher percentage of local versus foreigner ownership at Nassim Park Residences, contrasted to various other high-end projects in Districts 9 and 10,” says Chandra.
The condo premises are a tranquil private retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, purification and tranquillity. Enhancing the theme is a clubhouse giving a health club, yoga and spa centers and a large lounge for organizing personal celebrations and events, along with a pool, jacuzzi and play area.
Continued seen as the pinnacle of prestige and tradition riches, Nassim Road is dwelling to a few of the country’s most exclusive properties, from Good Class Bungalows (GCBs) to luxurious apartments. Its proximity to Orchard Road, Singapore’s premier shopping belt, the Botanic Gardens, a Unesco World Heritage site, the Central Business District, Marina Bay and leading international schools makes it highly desired by the affluent both locally and abroad.
In addition, the ordinary rate patterns of Nassim Park Residences likewise showed more powerful development over the previous 7 years, compared to 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 tradition home for high-net-worth individuals.
Created by a consortium including Singapore-listed property firm UOL Group, Kheng Leong Co. (the 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 appreciated for their distinct inputs to architecture and design.
Given the rarity and the sizeable Estate grounds, this prime and spotless home is a superb selection for those looking for improved, relaxing living, wealth conservation, and a legacy asset to be valued for years.
Accessed using a personal lift, this pristine and meticulously preserved luxury residency is in exceptional move-in condition. A striking major entrance hall, clad in cozy wood panelling, flows right into roomy, ventilated living and dining spots. The flat additionally features a shining reflective pool with timber outdoor decking on the northeast-facing closed balcony, prolonging the living space and making it ideal for entertaining. Apart from the generous living space, there are 4 elegant ensuite rooms, a reading area, fine and asian kitchen and a utility location.
A top 3,466 sq ft four-bedroom en suite unit has been put up for sale with a guide price of about S$ 5000psf. It is located in the corner stack of the elevated block that has actually not seen any resale transaction since the condo’s TOP in 2011, making it especially rare.
