Largest Penthouse Nassim Sale 48 Mil
The schools in the area are often surrounded by a tight-knit community that prioritizes family values, creating a nurturing environment for kids to develop. This close proximity also enables families to participate more actively in school events, giving parents the opportunity to play a more hands-on role in their child’s learning. In fact, the presence of Norwood Grand CDL adds to the strong sense of community, providing a supportive network for families and students alike.
The Nassim, an exclusive freehold condo nestled on the prestigious Nassim Hill, is home to one of Singapore’s most luxurious penthouses. This jumbo-sized duplex penthouse, spanning 9,300 sq ft, is now on the market for $48 million, which translates to $5,161 psf.
Originally one of the 45 units acquired by Kheng Leong Co for $411.6 million in January 2017, this extraordinary penthouse was subsequently sold for $25.58 million ($2,750 psf) to its current owner in May 2017, according to URA caveats. Now, the owner has decided to put it up for sale and has appointed CBRE as the exclusive marketing agent.
Located on the fifth and sixth floors, this penthouse boasts a private rooftop terrace with a swimming pool and is serviced by a private lift connecting the floors to a gated basement lobby. The fifth floor features a spacious living and dining area that opens up to a wraparound balcony offering unblocked views of the stunning 50m swimming pool and landscaped courtyards. This level also houses the en suite master bedroom, three other en suite bedrooms, a powder room, and a family area.
The sixth floor, which can be accessed via the private lift or a staircase, offers a flexible private suite comprising a second en suite master bedroom, an office anteroom, and a balcony leading to the private roof terrace and pool.
Designed by renowned local architect Mok Wei Wei, The Nassim is a 55-unit development that features a mix of three- and four-bedroom apartments and five-bedroom penthouses. It was completed in 3Q2015 and was acquired by Kheng Leong to avoid extension charges for unsold units under the Qualifying Certificate scheme.
Demand for ultra-luxury properties in Singapore may have taken a hit after the government increased the additional buyer’s stamp duty in recent years, but there has been a gradual rise in interest for prime luxury homes in 2022. According to CBRE’s executive director and head of residential services, Singapore, Linda Chern, this penthouse at The Nassim will attract strong interest from both local and foreign buyers, especially given the scarcity of suitable properties in the market.
If the penthouse is sold at its asking price, it will set a record psf price at The Nassim and be the first resale unit at the development to cross the $5,000 psf threshold. Nearby projects include Keppel’s 19 Nassim, which has sold 40% of its 101 units at an average price of $3,345 psf, and Les Maisons Nassim, which consists of only 14 luxury apartments and has been fully sold.