JUST SOLD: Nassim Park Residences unit sold for $10.4 mil

By Tan Chee Yuen
/ The Edge Property |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
A 3,466 sq ft unit on the fourth floor of Nassim Park Residences was sold for $10.4 million on Dec 8. This works out to $3,001 psf, the lowest price in psf terms since 2010 when a 4,822 sq ft unit fetched $13.8 million ($2,862 psf) in March that year. Nevertheless, it was a profitable transaction for the seller who purchased the unit for $10 million ($2,885 psf) in November 2009. The capital gain was $400,000 or 4%.
Prices at Nassim Park Residences have stayed above the $3,000 psf mark since March 2010. So far this year, there have been four profitable and three unprofitable transactions, based on caveat data matching.
Nassim Park Residences is a luxury condo project comprising 100 units near the Orchard Road shopping belt. The project was completed in 2011.

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More