|
Getting your Trinity Audio player ready...
|
What Gives Nassim Road the Title of “The Most Expensive Neighborhood in Singapore”
Nassim Road transcends the ordinary. While Singapore boasts its fair share of luxurious residences, including the coveted “Good Class Bungalows,” Nassim Road stands in a league of its own. This exclusive enclave is synonymous with THE most expensive house in Singapore, hosting some of the most valuable landed properties.
Nassim Road isn’t just another upscale address — it’s ultraluxury living that stands in a league of its own. While Singapore has no shortage of high-end properties, including the prestigious Good Class Bungalows, Nassim Road is synonymous with THE most expensive house in Singapore. This tree-lined street is home to Singapore’s priciest real estate, where property values routinely shatter records.
It’s not uncommon to find homes here that make even seasoned real estate professionals catch their breath. Nassim Road isn’t just where the wealthy live. It is where even the ultra-wealthy aspire to own. Each property here is more than a home; it’s a statement of having reached the absolute top of Singapore’s property ladder.
Here, even the most impressive homes pale in comparison to the grand bungalow estates that line this storied street bringing it to the top of our list of the most exclusive neighbourhoods in Singapore.
What lies behind the gates of these fabled Nassim Road houses? Step onto Nassim Road, and you’re walking among giants – the towering mansions and their powerful occupants. But who exactly lives behind these gleaming gates? We’re pulling back the curtain on Singapore’s most exclusive address.
Nassim Road may be the crown jewel, but it’s just the tip of Singapore’s luxury real estate iceberg. From penthouse views in Ardmore Park to up-and-coming enclaves of Good Class Bungalows, we’ve mapped out where the ultra-rich are putting down roots.
Money talks, and in Singapore, it’s speaking volumes. Family offices are booming, Bentleys are flying off lots, and property prices defy gravity. What’s driving this wealth wave? And here, Singapore Luxury Homes is giving you a street-by-street look at some of the most exclusive addresses of the wealthy in Singapore, starting with Nassim Road.
Nassim Road, District 10
Who Lives in Nassim Road, Making It The Most Exclusive Street in Singapore
Nassim Road isn’t just another fancy address—it’s where Singapore’s billionaires club meets. Of the 20 wealthiest people in the country, worth over $136 billion, a fifth have chosen to put down roots here.
We’re talking big names like Eduardo Saverin, who helped start Facebook, the Ng brothers behind some of Singapore’s biggest real estate deals, and even Li Xiting, who made his fortune in healthcare. Don’t forget Sam Goi – you might know him as the “Popiah King.” When you’ve got this much money and influence concentrated in one place, it’s no wonder Nassim Road tops the list of Singapore’s most expensive neighbourhoods. It’s not just a street – a symbol of reaching the top.
The name ‘Nassim’, echoing its Arabian roots and meaning ‘breeze’, is believed to be linked to the Alsagoff family, which was historically significant in the Yemeni spice trade and was a former landowner in the area. Nassim Road’s allure is further enhanced by its proximity to the Singapore Botanic Gardens, the nation’s first UNESCO World Heritage Site. The street is also a diplomatic haven, hosting numerous foreign embassies, including those of Russia, Japan, Pakistan, and the Philippines, as well as the historically significant Eden Hall, the residence of the British High Commissioner.
The real estate here is among Singapore’s most prized, with transactions commanding staggering sums. For instance, a property at 33 Nassim Road, encompassing 84,544 sq ft, changed hands for a record $230 million in 2019. In another landmark deal, Cuscaden Peak Investments sold three bungalows to a single buyer at an unprecedented S$4,500 psf, making it one of the most expensive residential properties ever in Singapore’s history.
In the first half of 2023, a Nassim Road GCB was acquired by a member of the Indonesian Fangiono family for $88 million, equating to $3,916 psf. Additionally, the Les Maisons Nassim penthouse was sold for $75 million in October 2021, further underscoring the area’s wealthy reputation.
Suppose you are in the market with a similar budget of hundreds of millions. In that case, you can also opt for Peter Kwee’s Nassim Quattro, a sectioned residence to house four families across 45,000 sqft of land valued at $225 million.
Nassim Road is elegant and sophisticated, with some of Singapore’s most desirable landed properties and condominiums. Some of the most expensive properties sold on Nassim Road in the past year:
| Location | Type | Land/ Floor Area (sqft) | Price ($mil) |
| Nassim Road | 3 GCBs | 45,937 | 206.70 |
| Nassim Road | GCB | 22,470 | 88.00 |
| Les Maison Nassim | Condominium | 8,633 | 45.00 |
| Nassim Park Residences | Condominium | 4,822 | 22.00 |
Source: URA, CBRE Research, June 2023
Bungalows for Sale in Singapore
Nassim Road Home to Singapore’s Most Expensive Houses
Nassim Road, Singapore’s most exclusive and expensive residential area, has witnessed several record-breaking property transactions in the past year.
Residents of Nassim Road include prominent figures like British billionaire James Dyson, Sheng Siong co-founder Lim Hock Leng, real estate mogul Stephen Riady, Nanofilm founder Jin Xiao Qun, superstar JJ Lin, the Prince of Brunei Jefri Bolkiah, among others.
Other prominent past and present owners/occupants in this estate (including its condos) include ST Telemedia CEO Stephen Miller, The Hour Glass Founder Dr Henry Tay, Indonesian billionaire Peter Sondakh of the Rajawali Group, Asia Reinsurance Broker CEO Richard Austen, serial property investor Kishore Buxani, and REIT veteran Michael Dwyer.
Here are some of the most notable sales:
1. SG Casa Pte Ltd., 33 Nassim Road, $230 million
Photo: Business Insider
A GCB at 33 Nassim Road was sold for $230 million, making it the most expensive house in Singapore. This Nassim Road house spans an impressive 84,543 square feet. Wing Tai Holdings chairman Cheng Wai Keung and his wife Helen sold their 33 Nassim Road freehold bungalow, spanning 84,543 square feet, fetched S$2,721 per square foot, to supposedly Eduardo Saverin, billionaire Facebook co-founder.
2. Fangiono Family, 42, 42A and 42B Nassim Road, $206.7 million
Photo: Yahoo! Finance
The Fangiono family from Indonesia recently purchased three adjacent Good Class Bungalows (GCBs) for S$206.7 million. Located at 42, 42A, and 42B Nassim Road in District 10, these two-storey properties were acquired at approximately S$4,500 per square foot of land making these properties some of the most expensive houses in Singapore. Each plot spans at least 15,131 square feet (1,406 square metres), with the total price averaging around S$69 million for each home.
3. Ladyvale Bungalow, 30 Nassim Road, $128.8 million
Photo: AsiaOne
Jin Xiao Qun, wife of the founder of Nanofilm Technologies International, made headlines by purchasing the ‘Ladyvale Bungalow,’ a 32,159 square-foot property on Singapore’s elite Nassim Road, for S$128.8 million. This makes the property one of the most expensive houses in Singapore.
4. Arwaa Mansion, 48 Nassim Road, $120 million
Photo: Doreen Gwee
Owned by Prince Jefri Bolkiah of the Brunei royal family, is valued at $120 million and sits on a staggering plot of 110,000 square feet making it one of the biggest houses in Singapore.
5. Tony Tung, $105.3 million
Tony Tung, the chairman of Hong Kong-based oil trader Winson Group, bought a bungalow near the Botanic Gardens for $105.3 million in one of the richest areas in Singapore.
6. Dr Stephen Riady, 26A Nassim Road, $95 million
OUE Group executive chairman Stephen Riady bought the 34,251-square-foot property for S$95 million in one of Singapore’s most exclusive neighbourhoods for the ultra-wealthy. was designed by French architect Jean Francois Milou and sold for 95 million SGD in August 2019.
Richest Areas in Singapore
Singapore’s skyline may be iconic, but its true wealth lies in its exclusive residential enclaves. From the tree-lined avenues of Nassim Road to the sprawling estates of Cluny Park, Singapore’s richest areas read like a who’s who of Asian tycoons and global elites. These streets, often hidden behind lush greenery and imposing gates, house some of the world’s priciest real estate. Here, we unveil the most coveted addresses in Singapore, where luxury isn’t just a lifestyle — it’s a baseline expectation.
