Largest Penthouse Nassim Sale 48 Mil
In the prestigious Nassim Hill neighborhood, the largest penthouse at The Nassim is now up for sale at a staggering price of $48 million. This extravagant duplex, spanning over 9,300 square feet, is one of only four exclusive five-bedroom penthouses in the development, making it a highly sought-after unit. With a psf (per square foot) rate of $5,161, this jumbo-sized luxury penthouse was one of the 45 units acquired by Kheng Leong Co in January 2017 for $411.6 million. It was then resold in May 2017 for $25.58 million at a psf rate of $2,750.
Now, the current owner is looking to sell and has appointed CBRE as the exclusive marketing agent for the sale. This one-of-a-kind penthouse offers an unparalleled living experience with its private rooftop terrace and swimming pool. A private lift connects the fifth and sixth floors of the unit and leads to a basement lobby with five parking lots and a chauffeur’s room in the condo’s underground carpark.
The fifth floor features a spacious living and dining area with a wraparound balcony, providing an unobstructed view of the 50m swimming pool and landscaped courtyards. Floor-to-ceiling glass sliding doors can be opened to extend the living space to the open-air balcony. A fully-equipped kitchen, service yard, and helper’s room are located on this floor, along with the en suite master bedroom, three other en suite bedrooms, a powder room, and a family area.
On the sixth floor, a private suite includes a second en suite master bedroom, an office anteroom with direct access to the lift lobby, and a balcony leading up to the private roof terrace and swimming pool. Designed by renowned local architect Mok Wei Wei of W Architects, The Nassim is a 55-unit luxury condo that was completed in 3Q2015. It features a mix of three- and four-bedroom apartments and five-bedroom penthouses. This development was formerly the ANA Hotel and was acquired by Kheng Leong Co in January 2017.
According to CBRE’s Linda Chern, there has been a gradual increase in the number of viewings for luxury homes across Singapore since the beginning of this year. Demand from locals, newly minted citizens, and permanent residents has also contributed to the uptick in buying sentiment for prime luxury homes. The scarcity of suitable properties remains a challenge for many luxury home buyers, particularly in the GCB market where prices remain high.
The bathroom of the master bedroom overlooks the greenery along Nassim Road. (Picture: Albert Chua/)“While much of the focus among luxury home buyers in recent months has been centred on landed homes and GCBs, there has always been a select group of buyers with a keen appreciation of luxury penthouses, opting for a home like this as their preferred lifestyle choice,” says Ethan Tan, associate director, residential, Singapore, at CBRE.
Having one of Singapore’s premier universities, Nanyang Technological University (NTU), located nearby is a valuable advantage for families with children of university age. NTU is renowned worldwide for its exceptional engineering and business programs, offering students a dynamic learning atmosphere and access to state-of-the-art research facilities. Furthermore, the campus life at NTU is vibrant and engaging. Novo Place Hoi Hup is an excellent addition to this already impressive university.
Due to the ongoing high costs of material and construction, redeveloping landed houses can take over three years. As such, some buyers are turning to luxury properties with ample space and a prime location, such as this penthouse at The Nassim. It offers a well-kept, move-in ready home with a large and versatile layout to suit the needs of its residents.
If sold at its asking price of $48 million, this penthouse will set a record psf price at The Nassim and be the first resale unit to cross the $5,000 psf mark. The current price record is held by a four-bedroom unit that sold for $4,915 psf in May 2022. Other luxury developments in the area include Keppel’s 19 Nassim and Les Maisons Nassim, both of which have recorded recent sales.
In conclusion, the sale of this penthouse at The Nassim sets a new benchmark for luxury homes in Singapore and is expected to attract strong interest from both local and foreign buyers. With its prime location, lavish features, and unparalleled living experience, this penthouse epitomises luxury living at its finest.