Luxury project 19 Nassim sees prices cross $3,800 psf for the first time

February 3, 2023



New sales at 19 Nassim, a luxury project on Nassim Hill in prime District 10, have propelled psf prices in the development to a new high. The condominium recorded the sale of a 538 sq ft, one-bedroom unit for $2.09 million ($3,876 psf) on Jan 4 — the highest psf price among all condos that achieved a psf-price high in Singapore for the period of Jan 3 to 19.

The previous psf-price high at 19 Nassim had been set by the sale of a 1,410 sq ft, three-bedroom unit for $5.29 million ($3,751 psf) on Oct 8, 2021.

Also on Jan 4, a 1,475 sq ft three-bedroom unit at 19 Nassim was sold for $5.63 million ($3,815 psf). The two Jan 4 sales mark the first time that units at the project were sold by the developer for more than $3,800 psf, based on submitted URA caveats.

19 Nassim is a luxury 101-unit condo by Keppel Land and is a redevelopment of its former project, Nassim Woods. The new development lies within the exclusive Nassim Road residential enclave, a neighbourhood with several luxury developments such as Nassim Park Residences and the upcoming Les Maisons Nassim.


A 538 sq ft, one-bedroom unit at 19 Nassim was sold for $2.09 million ($3,876 psf) on Jan 4. (Picture: Keppel Land)

19 Nassim is located next to the Interpol Global Complex and in the vicinity of Singapore’s embassy row along Napier Road. The condo is also close to the Singapore Botanic Gardens, Gleneagles Hospital, Tanglin Mall, and the Orchard Road shopping belt. Nearby transport nodes include the newly operational Napier and Orchard Boulevard MRT Stations on the Thomson-East Coast Line.

There are only six recorded transactions to date at 19 Nassim despite the project being launched for sale in March 2020. However, it is possible that given the highly exclusive character of the project, some sales may not be reflected in caveats.

Elsewhere, One Bernam also saw a new psf-price high during the period in review when a 441 sq ft, one-bedroom unit was sold by the developers for $1.45 million ($3,295 psf) on Jan 16. The figure trumped the previous high that was set by the sale of another 441 sq ft one-bedder for $1.4 million ($3,168 psf) on Nov 10, 2022.

One Bernam is a mixed-use building at 1 Bernam Street in the Tanjong Pagar area in District 2. The entire development comprises a two-storey retail podium, 351 condo units, and 13 serviced apartments. The project is under development by Singapore’s MCC Group and Hao Yuan Investment.

The 99-year leasehold project was first launched in May 2021. According to submitted developer sales data, it is about 40% sold as of end-December 2022.

More at: https://www.edgeprop.sg/property-new...psf-first-time