The Nassim: Prices to start at $9 million

CapitaLand has priced the 55 units at its The Nassim condo between $9 million and $33 milllion.

The low-rise condo, on the former ANA Hotel site at Nassim Hill, has been designed by Mok Wei Wei of W Architects. The project will be set amidst lush greenery, creating a distinct ambience of living in a landed area.

‘This will appeal especially to foreigners, who face restrictions buying landed properties on mainland Singapore,’ says Wendy Tang, executive director (residential) at Knight Frank, which is the marketing agent for the project.

‘We have begun making private presentations to select prospective clients from Singapore and overseas,’ she added.

Prices begin at $9 million for a three-bedroom apartment of about 2,000sqft. The most expensive unit is a $33 million penthouse dubbed The Regent House. The 9,300sqft duplex unit is spread across the fifth level with and an attic/rooftop floor above it housing a bedroom, family area and private swimming pool. The Regent House has five bedrooms, as well as five dedicated basement carpark lots and a chauffeur’s room, with a private lift to the apartment.

The Nassim also offers a $30 million 9,000sqft, five-bedroom Pavillion House on the ground floor overlooking the swimmming pool in the development. The Pavillion House comes with three basement car park lots. The dining area of this unit is set amidst a reflecting pool.

Each apartment in the project is designed as a standalone unit, without an adjoining wall to the next unit. There are landscaped sky bridges on the second level.

Source: The Business Times

This is one project that the wife and I are definitely interested to view. Only problem is that we won’t make it to the list of “select prospective clients”…
 Shy Whistler
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Sales update: 350 units sold at A Treasure Trove

Sim Lian has sold 350 units at A Treasure Trove as at 5.30pm yesterday. Singaporeans accounted for 94% of buyers. Some 80% of buyers have HDB addresses, mostly in the surrounduing Punggol and Sengkang vicinity. Developer has estimated that 40% of buyers are investors and the other 60%, owner occupiers.

The project’s preview began on Thursday and Sim Lian has released another 200 units yesterday, taking total units released to 500 units. The average price remains unchanged at $866psf.

A Treasure Trove is a 99-year leasehold private condo near Punggol MRT station. The 882-unit project has 42 penthouses ranging from 1,528sqft (with two bedrooms) to 4,876sqft (seven bedrooms). The penthouses prices are said to range from nearly $1 million to around $2.8 million. As of yesterday, 24 penthouses had been released of which 11 have been sold, including the largest unit, which has seven bedrooms on the 16th floor and an open terrace above it.

Source: The Business Times

Looks like any project selling less than $1,000psf these days is a steal…or is it really?

Here are some project info of A Treasure Trove for those who are interested.

Project Info

• Developer : Sim Lian Group Limited
• Location : 50 – 76 Punggol Walk
• Land Size : 296,298 sq ft (approx)
• Tenure : 99 years from 9 March 2011
• Expected TOP : 30 November 2015
• Expected Legal Completion : 30 November 2018
• Total Units : 882 units
• Number of Blocks : 14 Blocks
• Number of Storey : 16 Storeys
• Floor To Ceiling Height : 2.9m (1st – 15th storey), 3.2m (16th storey Penthouse)

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