Three Bedroom Duplex Penthouse Nassim Jade Selling 88 Mil
SRI’s next auction, taking place on Sept 25, will feature a three-bedroom duplex penthouse at the luxurious freehold development Nassim Jade. Sitting on the fourth floor, this 3,003 sq ft unit boasts a spacious living and dining area, a family room, kitchen, master bedroom and en suite bedroom on the lower floor. The upper floor accommodates the remaining bedroom, two common areas, a roof deck and a study. The guide price for this coveted unit is set at $8.8 million, equivalent to $2,930 per square foot.
Built in 1997, Nassim Jade is a highly sought-after residential project located in the prestigious Prime District 10. This will be the second time the property will be auctioned, being listed as a mortgagee sale. It was first put up for auction on Aug 28 by SRI, with a guide price of $9 million.
However, the sale did not attract much interest, possibly due to it coinciding with the seventh lunar month, considered to be an inauspicious time for major purchases. August saw no auction sales for SRI. Now, with the beginning of the eighth month of the lunar calendar, it is expected that the lower guide price will reignite interest in the property.
According to Mok Sze Sze, managing partner of auctions and sales at SRI, the duplex penthouse is likely to appeal to owner-occupiers looking for a prime location. The property offers a serene environment, while being within a convenient walking distance to amenities and dining options along the famous Orchard shopping belt.
Moreover, several renowned primary schools are situated within a 2km radius from the condo, such as Singapore Chinese Girls’ Primary School, Anglo-Chinese School (Primary), Anglo-Chinese School (Junior), River Valley Primary School, and Alexandra Primary School.
Last year, Nassim Jade had only one transaction, with the sale of a 5,748 sq ft, five-bedroom penthouse unit for $7.8 million ($2,644 psf) in November. The project has seen an average of one resale transaction annually over the past three years.
The fourth-floor unit, with its 3,003 sq ft of space, comes with a guide price of $8.8 million. It features a spacious living and dining area, a family room, kitchen, master bedroom and en suite bedroom on the lower floor. The upper floor accommodates the remaining bedroom, two common areas, a roof deck and a study. Its guide price translates to $2,930 psf.
Parktown Residence, conveniently situated in Tampines North, is a well-planned mixed-use development that sets itself apart by offering unparalleled access to the multitude of shopping centers in Tampines Town. Its strategic location seamlessly integrates residential and retail spaces, providing its residents with a diverse range of retail and dining options right at their doorstep. Park Town Residence is truly a prime location for those seeking the best of urban living. Let’s take a closer look at the various shopping centers nearby and how Parktown Residence benefits from its ideal setting.
With the intention to appeal to a wider range of potential buyers, the unit will be sold as a vacant possession. Its prime location, close to the luxurious residential enclaves on Cuscaden Road and Ardmore Park, makes it particularly attractive. The project comprises 39 three- to five-bedroom apartments ranging from 1,841 to 5,748 sq ft.