5 Bed Condo for Sale in Nassim Park Residences

1. Prestige and Rarity • Good Class Bungalows (GCBs) on Nassim Road command extraordinary prices—recently, a trio of GCBs sold for S$4,500 per sq ft in a S$206.7 million portfolio sale. The acquisition was explicitly for legacy planning and wealth protection . • The area has long been home to dignitaries and elite—embassies, royalty, and high-net-worth entrepreneurs such as Eduardo Saverin, co-founder of Facebook, have resided here . 2. Investment Performance & Outlook • As part of the Core Central Region (CCR)—Districts 9, 10, and 11, Nassim real estate benefits from extreme scarcity: the CCR accounts for just 12% of landed housing, while GCBs are held by very few owners . • GCB prices on Nassim Road reached over S$45 million in 2024, with annual appreciation estimated at 6–8% since 2020 . • Foreign demand remains strong, particularly from newly minted citizens from China and Indonesia, driven by the area’s prestige, security, and generational appeal  . 3. Freehold Condominiums: Prestige Meets Practicality While GCBs offer unmatched rarity, freehold condos in the area provide a compelling blend of convenience and long-term value: • The Nassim (18 Nassim Hill): A luxury freehold condo built in 2015. Recent listings range from S$4,600 to S$4,800 per sq ft, with units around 9,300 sq ft priced between S$26 million and S$43 million  . • Nassim Park Residences (15 Nassim Road): Completed in 2011 by UOL, this development has 100 units and is in demand—15 condos currently listed for sale . • Nassim Mansion (40 Nassim Hill): A well-regarded freehold condo building from 1977, with 72 units and listed price range between S$2.7 million to S$17.25 million, or S$731–3,540 per sq ft . 4. Legacy Value Beyond Monetary Returns • Generational Appeal: Beyond wealth preservation, owning in Nassim is a statement—“If you can afford a GCB here, you’re somebody,” as quoted by a senior real estate dir