Prime luxury residence on Nassim Road for sale – A tranquil Sanctuary and a lasting legacy
The apartment grounds are a relaxing private retreat adorned by Zen-inspired landscaping, communicating the principles of waseikeijyaju– harmony, respect, purification and tranquillity. Enhancing the motif is a clubhouse presenting a health club, yoga exercise and health spa centers and a roomy lounge for organizing personal celebrations and events, along with a pool, jacuzzi and play ground.
Provided the rarity and the sizeable Estate premises, this prime and spotless house is an exceptional selection for those seeking fine-tuned, tranquil living, riches conservation, and a legacy asset to be treasured for generations.
Nassim Park Residences, an ultra-luxurious property condominium, is nestled 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 4 low-rise blocks on a sprawling land plot of roughly 250,000 sq ft.
Established by a consortium comprising Singapore-listed property firm UOL Group, Kheng Leong Co. (the financial investment auto 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 decorator Christian Liaigre, each recognized for their distinctive contributions to architecture and design.
The feeling of deluxe at Nassim Park Residences extends well beyond the apartment and its rich, manicured premises. Driving home along the tree-lined Nassim Road seems like a come back to a classic refuge.
A top 3,466 sq ft four-bedroom en suite unit has actually been offered with a guide rate of about S$ 5000psf. It is located in the edge stack of the elevated block that has actually not seen any resale transaction since the condo’s TOP in 2011, making it exceptionally unusual.
Real estate financial investment in Singapore is very closely tied to our collectivist society and heritage preparation. Local capitalists often tend to hold these properties for the long term, making them much less prone to guideline changes and resale volatility, she includes.
Large-format high-end homes similar to this have actually typically been favoured by immigrants and long-term residents as a result of restrictions on acquiring landed real estates. Even though the number of foreign buyers has declined following recent Additional Buyer’s Stamp Duty (ABSD) hikes, interest in these properties continues to be strong. These residences are increasingly popular with Singaporeans, many of whom are choosing them over landed homes. Chandra includes that she has recently completed transactions on various other large apartments, priced between $7.5 million and $16 million, acquired by Singaporean families for their own usage.
Continued viewed as the peak of eminence and heritage riches, Nassim Road is dwelling to several of the nation’s most exclusive properties, from Good Class Bungalows (GCBs) to lavish condominiums. Its distance to Orchard Road, Singapore’s top shopping belt, the Botanic Gardens, a Unesco World Heritage internet-site, the Central Business District, Marina Bay and top international colleges makes it very sought by the affluent both locally and abroad.
Furthermore, the average price patterns of Nassim Park Residences also showed more powerful development over the last 7 years, compared with various other similar-sized properties 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.
Besides its distinguished location and rarity, Nassim Park Residences has presented strong rate strength contrasted to many other similar high-end properties in Areas 9 and 10, claims its exclusive marketing agent, Betty Chandra from OrangeTee & Tie. “It is interesting to consider 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,” claims Chandra.
Accessed using an exclusive lift, this pristine and meticulously maintained luxury property is in outstanding move-in condition. A striking major entrance hall, clad in warm wood panelling, flows into spacious, airy living and dining spaces. The apartment additionally features a glistening reflective swimming pool with timber outdoor decking on the northeast-facing closed balcony, extending the living space and making it ideal for entertaining. Aside from the generous space, there are 4 lavish ensuite rooms, a reading space, fine and asian cooking area and a utility location.
