Is it a Good Deal?: A freehold condo in prime district 10 was sold at a profit of $3.17 mil
So far this year, Nassim Jade has recorded two transactions, both yielding profits exceeding $1 million (Photo: EdgeProp Singapore)
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Earlier this month, a three-bedroom unit on the third storey was sold for $6.8 million ($3,008 psf), earning the seller a profit of $3.17 million. The seller had purchased the 2,260-sq ft unit in September 1999 for $3.63 million ($1,606 psf).
We used our analytics tool, Is it a Good Deal?, to assess whether the buyer of the unit from this freehold condo in prime District 10 secured a good deal.
Located a short walk from Orchard Road
Nassim Jade is a freehold condo located along Nassim Road in District 10. Its proximity to Orchard Road provides residents with convenient access to numerous malls. Claymore Connect, Delfi Orchard, Forum The Shopping Mall, Palais Renaissance, and Tanglin Mall are all a short walk away (see Map 1).
The 39-unit development obtained its temporary occupation permit (TOP) in 1997, making it 29 years old. However, its freehold tenure could have mitigated some of the negative impact of lease decay.
Source: EdgeProp LandLens
A drawback of Nassim Jade is the lack of schools within a 1km radius. However, 11 schools fall within a 2km radius of the condo, including several popular ones such as Anglo-Chinese School (Junior), Anglo-Chinese School (Barker Road), River Valley Primary School, Crescent Girls’ School, Singapore Chinese Girls’ School (Primary and Secondary), and St Joseph’s Institution (Secondary and Junior College) (see Screenshot 1).
Source: EdgeProp Is it a Good Deal (as at 22 January 2026)
Our tool also indicated that the price paid for the subject unit is above the average prices for Nassim Jade and District 10 (see Screenshot 2). However, the transacted price is lower than the average prices of several nearby condos.
Source: EdgeProp Is it a Good Deal (as at 22 January 2026)
Higher average price than District 10 and Central Region
From 2022 to 2025, only one unit per year at Nassim Jade changed hands. The low resale volume could be attributed to the limited number of units in the 39-unit development. This could also have contributed to the condo’s more volatile price trend over the years (see Chart 1).
Interestingly, resale volume for Nassim Jade rose to two transactions thus far this year, achieving an average resale price of $2,979 psf, up from last year’s $2,347 psf.
Source: EdgeProp Market Trends (as at 22 January 2026)
This year’s average resale price of Nassim Jade ($2,979 psf) is higher than that of freehold condos of a similar age in District 10 ($2,573 psf) and the Central Region ($2,257 psf) (see Chart 2). Despite achieving the highest average price, Nassim Jade (26.1%) recorded the weakest price growth since 2020 compared to its peers in District 10 (47.8%) and the Central Region (42.3%).
Two million-dollar profits this year
So far this year, two units at Nassim Jade have been sold, and both transactions yielded million-dollar profits for the sellers. One of the transactions involved the subject unit, which generated a profit of $3.17 million (see Table 1).
The second transaction resulted in a profit of $2.487 million. The seller bought the three-bedroom unit on the third storey in May 1996 for $4.181 million ($1,850 psf) and sold the 2,260-sq ft unit for $6.668 million ($2,950 psf).
Last year’s lone sale transaction also resulted in a million-dollar profit of $3.608 million. The seller sold the 3,455-sq ft unit in November 2025 for $8.108 million ($2,347 psf). The seller had purchased the four-bedroom unit on the fourth storey in June 2006 for $4.5 million ($1,302 psf).
Notably, the same unit was involved in two earlier sale transactions. One resulted in a loss of $1.719 million, while another generated a profit of $820,500 (see Table 2).
The unprofitable transaction occurred in June 2006, when the seller sold the unit for $4.5 million ($1,302 psf) after purchasing it in October 1995 for $6.219 million ($1,800 psf). Meanwhile, the profitable transaction occurred in October 1995, when the unit was sold for $6.219 million ($1,800 psf). The seller had bought it in April 1995 for $5.399 million ($1,562 psf).
The most recent unprofitable transaction at Nassim Jade was in July 2020, when the seller sold a 1,841-sq ft unit on the second storey for $4.2 million ($2,282 psf), resulting in a loss of $50,000. The seller had purchased the unit in June 2010 for $4.25 million ($2,309 psf).
Notably, the same unit was involved in an earlier transaction that resulted in a profit of $1.37 million. The seller had bought the unit in July 1999 for $2.88 million ($1,565 psf) before selling it in June 2010 for $4.25 million ($2,309 psf) (see Table 3).
Numerous freehold neighbours
There are 32 condos within a 500m radius of Nassim Jade, and the majority are freehold developments. The exceptions are Cuscaden Reserve and The Loft, which are 99-year leasehold condos, as well as the 999-year leasehold St Regis Residences Singapore.
The 32 neighbouring condos represent approximately 2,300 units. All are relatively small developments with fewer than 200 units each. Four Seasons Park is the only exception, with 202 units. However, Four Seasons Park obtained its TOP in 1994, making it one of the few freehold neighbours that obtained its TOP before 2000.
The Ladyhill and Cuscaden Residences obtained their TOP in 2002, making them five years younger than Nassim Jade. Like Nassim Jade, The Ladyhill is also a boutique development with only 55 units, while Cuscaden Residences is larger with 150 units.
All three condos are freehold developments located within a 500m radius of Nassim Jade. Although all three are located in District 10, only The Ladyhill and Nassim Jade are in the Tanglin Planning Area. Four Seasons Park is in the River Valley Planning Area, while Cuscaden Residences is in the Orchard Planning Area.
At the time of writing, the three neighbouring condos have yet to record any resale transactions this year. Based on last year’s transactions, Four Seasons Park ($3,345 psf) achieved the highest average resale price, followed by The Ladyhill ($2,855 psf) and Cuscaden Residences ($2,624 psf) (see Chart 3). Notably, all three condos reported higher average resale prices last year compared to Nassim Jade ($2,347 psf).
From 2020 to 2025, Four Seasons Park (35.9%) also recorded stronger price growth compared to Cuscaden Residences (29.8%) and The Ladyhill (28.4%). In contrast, Nassim Jade experienced a slight price decline of 0.7% during the same period.
Four Seasons Park achieved five million-dollar profits last year
Last year, Four Seasons Park recorded five million-dollar profitable transactions, with profits ranging from around $1.5 million to $4 million (see Table 4). The strong profitability could be attributed to its proximity to Orchard MRT Station, Ion Orchard and Wheelock Place.
Last year’s most profitable transaction at Four Seasons Park involved a four-bedroom unit on the 16th storey. The seller sold the 2,260-sq ft unit for $7.5 million ($3,318 psf) in March 2025, resulting in an eye-watering profit of $4 million. The seller had purchased the unit in May 2006 for $3.5 million ($1,548 psf).
Conclusion
Residents of Nassim Jade benefit from its location in prime District 10 as well as its proximity to Singapore’s main shopping belt. Its excellent location could explain why all sale transactions from the condo this year have generated million-dollar profits, including the $3.17 million profit from the subject unit. Another contributing factor could be its freehold tenure.
To date, nearby Four Seasons Park, Cuscaden Residences, and The Ladyhill have yet to record any resale transactions this year. However, their average resale prices last year were higher than that of Nassim Jade, suggesting that Nassim Jade could be a more affordable option compared to similar freehold condos in the neighbourhood.
To learn more about this transaction, and whether it represents a good deal, click here.
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