reporter2
05-11-21, 18:15
Penthouse at Les Maisons Nassim sells for S$75 million
Nov 05, 2021
https://i.imgur.com/JMOqpSv.png
A SPRAWLING penthouse unit at the 14-unit ultra-luxury freehold condominium Les Maisons Nassim, developed by Shun Tak Holdings, has fetched S$75 million in late October, based on caveat data.
The price tag translates to S$6,210 per square foot (psf) given the strata area of about 12,077 square feet (sq ft), the Urban Redevelopment Authority's Realis database showed.
The apartment is the larger of the 2 penthouses at the low-rise Nassim Road property development. Including this transaction, 3 caveats have been lodged for units at the project.
On a psf basis, the latest purchase may have smashed price records for non-landed private homes in recent years. It beat the S$5,930 psf achieved in early May for a S$39 million apartment at Les Maisons Nassim, which was scooped up by an overseas buyer.
Another unit, on the first storey of the same project, was sold in early August this year for S$5,786 psf or S$35 million, the Realis platform showed.
Still, The Marq on Paterson Hill appears to hold the all-time record for psf prices of new sales. In 2011, the developer SC Global moved a 3,089 square foot unit for S$6,650 psf or about S$20.5 million, as well as another unit of the same size for S$6,215 psf or S$19.2 million, based on caveats lodged.
For Les Maisons Nassim, SRI has been appointed as the exclusive marketing agent.
Expected to be completed in H1 2023, the project is located in the coveted Nassim enclave and houses 14 residences across 3 blocks.
Of these, 8 units are simplex apartments sized at 6,049 sq ft or larger, while 4 are duplex units spanning about 8,633 sq ft to 8,730 sq ft. The smaller of the 2 penthouses is about 12,066 sq ft in size.
Besides the Nassim Road project, Hong Kong-listed conglomerate Shun Tak is concurrently marketing its maiden residential development, the 54-unit freehold Park Nova, also located in prime District 10.
In September, ERA head of research and consultancy, Nicholas Mak, noted that the developer held the record for the most expensive condominium unit sold in each of the previous 4 months in Singapore.
From May to August 2021, the priciest new non-landed homes were units at either Les Maisons Nassim or Park Nova, Mak wrote. ERA is one of the marketing agents for the latter project.
Units at Park Nova fetched S$4,837 psf and S$5,048 psf, respectively, in June and July, Mak said. Prior to that, Shun Tak announced in May that it had sold the project’s biggest penthouse for about S$34.4 million or S$5,838 psf.
As at Friday (Nov 5), the median unit price over the last 6 months stood at S$2,364 psf for private homes in District 10, the Realis database showed.
Nov 05, 2021
https://i.imgur.com/JMOqpSv.png
A SPRAWLING penthouse unit at the 14-unit ultra-luxury freehold condominium Les Maisons Nassim, developed by Shun Tak Holdings, has fetched S$75 million in late October, based on caveat data.
The price tag translates to S$6,210 per square foot (psf) given the strata area of about 12,077 square feet (sq ft), the Urban Redevelopment Authority's Realis database showed.
The apartment is the larger of the 2 penthouses at the low-rise Nassim Road property development. Including this transaction, 3 caveats have been lodged for units at the project.
On a psf basis, the latest purchase may have smashed price records for non-landed private homes in recent years. It beat the S$5,930 psf achieved in early May for a S$39 million apartment at Les Maisons Nassim, which was scooped up by an overseas buyer.
Another unit, on the first storey of the same project, was sold in early August this year for S$5,786 psf or S$35 million, the Realis platform showed.
Still, The Marq on Paterson Hill appears to hold the all-time record for psf prices of new sales. In 2011, the developer SC Global moved a 3,089 square foot unit for S$6,650 psf or about S$20.5 million, as well as another unit of the same size for S$6,215 psf or S$19.2 million, based on caveats lodged.
For Les Maisons Nassim, SRI has been appointed as the exclusive marketing agent.
Expected to be completed in H1 2023, the project is located in the coveted Nassim enclave and houses 14 residences across 3 blocks.
Of these, 8 units are simplex apartments sized at 6,049 sq ft or larger, while 4 are duplex units spanning about 8,633 sq ft to 8,730 sq ft. The smaller of the 2 penthouses is about 12,066 sq ft in size.
Besides the Nassim Road project, Hong Kong-listed conglomerate Shun Tak is concurrently marketing its maiden residential development, the 54-unit freehold Park Nova, also located in prime District 10.
In September, ERA head of research and consultancy, Nicholas Mak, noted that the developer held the record for the most expensive condominium unit sold in each of the previous 4 months in Singapore.
From May to August 2021, the priciest new non-landed homes were units at either Les Maisons Nassim or Park Nova, Mak wrote. ERA is one of the marketing agents for the latter project.
Units at Park Nova fetched S$4,837 psf and S$5,048 psf, respectively, in June and July, Mak said. Prior to that, Shun Tak announced in May that it had sold the project’s biggest penthouse for about S$34.4 million or S$5,838 psf.
As at Friday (Nov 5), the median unit price over the last 6 months stood at S$2,364 psf for private homes in District 10, the Realis database showed.