Nassim 9 reaches new price high of $3,272 psf

By Atiqah Mokhtar / EdgeProp Singapore | November 17, 2022 7:00 AM SGT
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SINGAPORE (EDGEPROP) - Nassim 9, a luxury freehold development on Nassim Road in prime District 10, hit a new price high of $3,272 psf, topping the list of condominiums that recorded new psf-price highs during the week of Oct 27 to Nov 5.
The new high at Nassim 9 follows the sale of a four-bedroom unit for $11.2 million on Oct 27. The 3,423 sq ft apartment had been purchased by the seller for $6.8 million ($1,987 psf) in October 2009, meaning the seller reaped a gain of $4.4 million on the transaction. The sale marks the highest price transacted at the development on both psf and absolute bases.
Prior to this, the most recent transaction at Nassim 9 occurred in April 2012 when a 3,143 sq ft unit was sold for $8.8 million ($2,800 psf), which also marked the previous psf- and absolute-price highs for the condominium.
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Nassim 9 - EDGEPROP SINGAPORE
The new high at Nassim 9 follows the sale of a 3,423 sq ft, four-bedroom unit for $11.2 million on Oct 27 (Picture: Samuel Isaac Chua/The Edge Singapore)
Nassim 9 is a boutique luxury development that was completed in 2002. It has only eight units, housed in a four-storey building. Located in the exclusive Nassim Road residential enclave, the development is a short walk to both Tanglin Mall and the Orchard Road shopping belt, as well as the Singapore Botanic Gardens. It is also within walking distance of the Orchard Boulevard MRT Station on the Thomson-East Coast Line, which opened on Nov 13.
Royalgreen also hit a new psf-price high following the sale of a 721 sq ft, two-bedroom unit for $2.17 million, or $3,003 psf, on Oct 27. This beats the previous high of $2,974 psf established in April, when a 775 sq ft unit was sold by the developer for $2.31 million. It also marks the first time a transaction at the development has crossed the $3,000 psf threshold.
Royalgreen is a freehold development located on Anamalai Avenue, off Bukit Timah Road and Sixth Avenue in prime District 10. Developed by Allgreen Properties, it is part of the developer’s Bukit Timah Collection, which also includes the 476-unit Fourth Avenue Residences on Fourth Avenue and the 115-unit Juniper Hill on Ewe Boon Road. Royalgreen was completed last year and has a total of 285 units across eight 5- storey blocks. Units comprise two- to four-bedroom apartments that measure from 635 sq ft to 1,475 sq ft.
The project is a seven-minute walk to the Sixth Avenue MRT Station on the Downtown Line. It is also less than a 10-minute drive to top schools such as Hwa Chong Institution, Raffles Girls’ Primary School, Nanyang Primary School, National Junior College and Methodist Girls’ School.
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The Landmark is another development that hit a new psf-price high, when a one-bedder measuring 495 sq ft fetched $1.32 million, or $2,668 psf, on Nov 4. The unit, located on the 26th floor, was purchased from the developer. The transaction surpasses the previous high of $2,660 psf clocked on Sept 15 with the sale of a 495 sq ft unit for $1.32 million.
The Landmark is a 99-year leasehold development on Chin Swee Road, adjacent to Pearl Hill City Park in District 3’s Outram area. It is a project by a consortium comprising MCC Singapore, SSLE Development and ZACD Group. Slated for completion in 2025, the project comprises 396 residences made up of oneto three-bedroom units, with sizes ranging from 495 to 1,141 sq ft.
The Landmark - EDGEPROP SINGAPORE
Showflat for a one-bedroom apartment at The Landmark. The development hit a new psf-price high of $2,668 psf on Nov 4 (Picture: Samuel Isaac Chua/The Edge Singapore)
The project was launched for sale in November 2020, with 110 units (28%) sold at an average price of $2,250 psf during its launch weekend. Since then, 204 units (52%) have been taken up at an average price of $2,227 psf, based on caveats lodged as of Nov 15. No new psf-price lows were recorded during the week.
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