Super luxury condo Les Maisons Nassim fully sold
Recent bids made by the Tampines Ave 11 Condo Capitaland joint venture, the highest bid so far is significantly higher than the collective sales price fetched for the three blocks of flats at $805 psf ppr.
The luxury condo of Les Maisons Nassim by Hong Kong-listed Shun Tak Holdings has seen success in its two remaining units sold. Both four-bedroom units were sold on June 27, 2023, with the first at 6,092 sq ft going for $30.765 million ($5,050 psf) and the second 6,179 sq ft for $32.749 million ($5,300 psf), as PropNex Realty brokered the transactions.The average price for units sold across Les Maisons Nassim stands at $5,559 psf with the most expensive being the largest penthouse sold for $75 million (£6,210 psf) in October 2021. These high prices and success are attributed to the District 10 location on Nassim Road and the rare freehold, 5-storey low-rise style. The simplistic but elegant design, along with the large format of the four-bedroom units, from 6,049 sq ft, cater to those looking to have the condo for their own use.The sell-out of the creme de la creme of the condo solidifies the strong demand for quality homes in the ultra-prime locations in Singapore. With completion of the 14-unit condo set for the end of 2023, the success of the two units sold will serve as a testament to the fact that prime real estate in Singapore still has the potential to bring in high returns.The head of luxury team at PropNex, Dominic Lee, wasn’t surprised by the sales. He attests the location of the condo to be the main reason behind its success, noting Nassim Road’s rarity in both condos and Good Class Bungalows. Bruce Lye, founder and managing partner of SRI, also credited the high price of the largest penthouse for the success of the luxury condo.