In April this year, Savills Singapore launched a portfolio sale of 6 upscale residences at 8 Nassim Hill, a prime District 10 residential development located at the corner of Nassim Hill and Tanglin Road. Since the launch, 5 out of the six units consisting of 3 triplex penthouses and 2 triplex townhouses have been sold. The last remaining unit is a corner townhouse with its own private garden and pool and 5 well-sized ensuite bedrooms.
In April this year, Savills Singapore launched a portfolio sale of 6 upscale residences at 8 Nassim Hill, a prime District 10 residential development located at the corner of Nassim Hill and Tanglin Road. Since the launch, 5 out of the six units consisting of 3 triplex penthouses and 2 triplex townhouses have been sold. The last remaining unit is a corner townhouse with its own private garden and pool and 5 well-sized ensuite bedrooms.
The purchasers for the 5 units sold comprised Singaporeans, PRs and Foreigners.
“The purchasers recognised value when they see one and hence were not deterred even if the purchases attracted additional Buyer Stamp Duties. The 5 units were sold at about S$2400 psf and are below replacement values”, says Philip Ng, Associate Director of Investment Sales. “This is the last unit and the developer has priced it attractively”, he concludes.
8 Nassim Hill appeals to home buyers who much prefer a private and low density setting with convenience to modern day necessities such as supermarkets, cafes, restaurants and other lifestyle and services establishments. The site is located near Singapore Botanic Gardens, numerous Embassies and is across Tanglin Mall.
The last remaining corner unit with a size of 5,759 sqft comes with spacious en suite master bedroom with a dressing room on one floor and 4 ensuite rooms on the top floor. In addition, the unit comes with a front garden next to a private pool with a smaller garden at the back connecting the kitchen and patio which is great for alfresco dining. Families looking for homes in this locality will find it appealing as it offers them lots of space for interaction and bonding.
Savills Singapore the Sole Marketing Agent indicated S$13.25 million which works out to $2,300 psf. At the peak of the market, the property had achieved S$3,316 psf.
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