reporter2
01-06-22, 11:12
CityNeon boss Ron Tan sells deluxe apartment at The Nassim for record $4,915 psf
May 27, 2022
https://i.imgur.com/RyZXHK3.jpg
SINGAPORE (EDGEPROP) - A 4,069 sq ft, four-bedroom apartment at The Nassim on Nassim Hill was sold for $20 million or $4,915 psf on May 25. The deal was brokered by Tricia Ang, CBRE vice-president of residential services, Singapore. The buyer is believed to be a Chinese national and therefore subject to a 30% additional buyer’s stamp duty (ABSD).
“Even with the hike in ABSD, Singapore luxury property remains attractive to foreigners,” says Ang. “Despite the cooling measures, the luxury residential market has not been severely impacted.”
The pandemic has also driven demand for such large homes as more people work from home and may also require additional space for their children to attend home-based learning, she adds. According to CBRE, 15 luxury apartments above $10 million each have been sold in the first four months of 2022, compared to 16 in the same period last year.
Read more at: https://www.edgeprop.sg/property-news/cityneon-boss-ron-tan-sells-deluxe-apartment-nassim-record-4915-psf
May 27, 2022
https://i.imgur.com/RyZXHK3.jpg
SINGAPORE (EDGEPROP) - A 4,069 sq ft, four-bedroom apartment at The Nassim on Nassim Hill was sold for $20 million or $4,915 psf on May 25. The deal was brokered by Tricia Ang, CBRE vice-president of residential services, Singapore. The buyer is believed to be a Chinese national and therefore subject to a 30% additional buyer’s stamp duty (ABSD).
“Even with the hike in ABSD, Singapore luxury property remains attractive to foreigners,” says Ang. “Despite the cooling measures, the luxury residential market has not been severely impacted.”
The pandemic has also driven demand for such large homes as more people work from home and may also require additional space for their children to attend home-based learning, she adds. According to CBRE, 15 luxury apartments above $10 million each have been sold in the first four months of 2022, compared to 16 in the same period last year.
Read more at: https://www.edgeprop.sg/property-news/cityneon-boss-ron-tan-sells-deluxe-apartment-nassim-record-4915-psf