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From exclusive Good Class Bungalows (GCBs) along Nassim Road in Singapore to entire-floor penthouses in Ardmore Park and relatively unknown GCBs to be redeveloped, the city’s affluent neighbourhoods have all captured the attention of the world’s wealthiest individuals and families.
With a luxurious lifestyle that includes grand mansions, gated landed estates, and high-rise condominiums, Singapore has repeatedly secured its position on numerous lists of the world’s most expensive streets and exclusive neighbourhoods — for good reason.
The country is experiencing an unprecedented influx of wealth as family offices proliferate, Bentley sales soar, and real estate prices skyrocket, fuelled by its strategic location as Southeast Asia’s transport hub and a top financial centre. Singapore Luxury Homes is giving you a street-by-street look at some of the most exclusive addresses of the wealthy in Singapore.
1. Nassim Road: Most Exclusive Street in Singapore
Singapore’s 20 wealthiest people, with a collective net worth of $136.35 billion, proudly choose Nassim Road as their home. Approximately 20% of these affluent figures, including Facebook co-founder Eduardo Saverin, real estate tycoons Robert and Philip Ng, healthcare magnate Li Xiting, and “Popiah King” Sam Goi, reside on this prestigious boulevard in the heart of District 10. This concentration of wealth and global renown status cements Nassim Road’s place at the top of our list of the most expensive areas in Singapore.
The name ‘Nassim’, echoing its Arabian roots and meaning ‘breeze’, is believed to be linked to the Alsagoff family, 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 $225 million.
Nassim Road is elegant and sophisticated, with some of Singapore’s most desirable landed properties and condominiums. Transactions on Nassim Road in 2023:
| Location | Type | Land/ Floor Area (sqft) | Price ($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
Who Lives on Nassim Road
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:
- The Fangiono family from Indonesia acquired three two-story Good Class Bungalows for a total of $206.7 million
- Jin Xiao Qun, wife of Nanofilm founder, purchased 30 Nassim Hill, spanning 32,159 sq ft, for $128.8 million.
- Winson Group’s Tony Tung secured a 42,515 sq ft GCB for $105.3 million, previously the highest transacted in the area
- Business magnate Stephen Riady purchased a sprawling 31,820 sqft property at 26A Nassim Road for $95+ million
- Tommy Ong, CEO of Stamped.io, bought 2 Cluny Hill, a 14,845 sq ft property, for $63.7 million
- James Dyson, the renowned entrepreneur, acquired a 15,100 sq ft GCB at 50 Cluny Road for $50 million
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.
Nassim Road, District 10
2. Queen Astrid Park: Effortless Stately Charm
In the heart of Singapore, Queen Astrid Park embodies an exquisite blend of privacy and luxury, attracting the ultra-wealthy with its sprawling multi-family estates. Its reputation as the ‘Boardwalk’ of the Singapore Edition of Monopoly is more than mere coincidence; it mirrors the neighbourhood’s esteemed position in high-end real estate.
Beneath the canopy of tall, mature trees, the streets of Queen Astrid Park resonate a dignified vibrance — a stark contrast with the city’s dynamic pace. The grand estates, enveloped in verdant greenery, stand almost in tranquil silence, echoing the peace of a more pastoral lifestyle.
More than mere homes, these residences symbolise success and heritage. Named for Astrid of Sweden, Queen of the Belgians, the area’s historical significance is evident in its opulent villas and mansions. Once home to former Prime Minister Goh Chok Tong, this Good Class Bungalow Area (GCBA) represents prestige and history.
Queen Astrid Park is not just one of Singapore’s richest neighbourhoods by financial measure; it is wealthy in stately charm. Owning property in Queen Astrid Park means holding a part of this legacy, where value and esteem are continuously appreciated.
Accessible via Sixth Avenue and Coronation Road West, the neighbourhood is also close to some of the city’s most renowned schools, such as the Anglo-Chinese School, Hwa Chong Institution, Singapore Chinese Girls’ School and Raffles Girls’ Primary School, making it an ideal location for ultra-wealthy families.
Despite its secluded feel, the neighbourhood is well-connected to Singapore’s urban centre. It offers a perfect balance of suburban tranquillity and city excitement, giving way to rentals averaging upwards of $200,000 monthly.
Who Lives in Queen Astrid Park
Queen Astrid Park, a neighbourhood renowned for its blend of modern tech elites, powerful ministers, and ‘blue-blood’ families, exudes wealth and legacy, being the home to, for example, the iconic Shaw family villa compound and one that continues to attract prominent and influential people in the region.
Recent notable property transactions include:
- TikTok CEO Chew Shou Zi’s acquisition of a 31,800 sqft Good Class Bungalow for $86 million
- The Hin Leong family purchased a 29,709 sq ft home in 2017 for $46 million, averaging $1,548 psf
- A family member of Goh Hup Jin, son of billionaire Nippon Paint magnate Goh Cheng Liang, securing a lavish home for $44.5 million
Residents of Queen Astrid Park further underscore its allure. They include Singapore’s Minister for Home Affairs and Law, K. Shanmugam; Koh Boon Hwee, Chairman of SGX, Rippledot Capital Adviser, Sunningdale Tech, and Agilent Technologies; Kuok Khoon Hong, billionaire CEO of Wilmar International; Susilo Wonowidjojo, Indonesian billionaire and founder of Gudang Garam; Nicky Tan, founder of nTan Corporate Advisory; Nasrat Muzayyin, an oil and real estate tycoon; and, Nasrat Muzayyin, a businessman and race-car driver.
Queen Astrid Park, District 10
3. Ridout Road: Rich Historical Blend
Nestled in Singapore’s prime residential district, Ridout Road epitomises a unique fusion of historical elegance and contemporary luxury. Known for its exclusive GCBs, the neighbourhood is a testament to Singapore’s rich heritage and modern affluence.
Named after John Ridout, superintendent of the Botanic Gardens during the British colonial era, Ridout Road’s history stretches back to the early 20th century.
The bungalows lining Ridout Road date back to the colonial era of the early 1900s. Affectionately iconic black and white bungalows along Ridout Road exhibit a distinct architectural style with black timbering, white plaster and large blinds.
In 2015, the GCB at 35 Ridout Road, within the cul-de-sac of Ridout, made headlines. The 73,277 sq ft plot was sold for $1,251 psf, totalling nearly $91.69 million, to Soon Hock Property Development, owned by logistics and real estate magnate Tan Yeow Khoon.
Nestled just outside Holland Road in the affluent Bukit Timah area, Ridout Road is part of Ridout Park, one of Singapore’s 39 Urban Redevelopment Authority-designated GCBAs. Positioned off Holland Road and near the vibrant Dempsey Hill lifestyle and entertainment zone, Ridout Road bungalows are historical treasures.
Who Lives on Ridout Road
Ridout Road is home to some of Singapore’s most luxurious residences, including the historic Istana Woodneuk, once the Sultan of Johor’s abode. The neighbourhood’s current residents enjoy lavish amenities and sprawling garden estates,
- Logistics and real estate tycoon Tan Yeow Khoon bought 35 Ridout Road, a sprawling 73,277 sq ft plot, for nearly $91.69 million
- Sheng Siong co-founder Lim Hock Leng purchased a 33,700 sqft multi-family ‘Hidden House’ for $50 million
Ridout Road, District 10
4. Swettenham Road: Contemporary Coveted Gated Estates
Swettenham Road is a prestigious residential street in the Holland Road area of Singapore. It is part of the Peirce Road-Swettenham Road-Ridout Road enclave, renowned for being one of the country’s most exclusive GCB estates – characterised by large plots of land and spacious, high-end properties.
Swettenham Road is notable not only for its luxurious residences but also for its distinguished residents. The neighbourhood boasts a mix of affluent individuals, including property tycoons, prominent professionals like plastic surgeons, and even political figures. The combination of privacy, wealthy homes, and high-profile residents contributes to the prestige associated with Swettenham Road.
Given its prime location near Holland Road, residents of Swettenham Road enjoy proximity to various amenities, shopping districts, and reputable schools. The exclusivity and desirability of Swettenham Road make it a sought-after address for those seeking an upscale and luxurious living environment in Singapore.
Who Lives on Swettenham Road
Notable neighbours on Swettenham Road include property tycoon Simon Cheong of SC Global Developments, acclaimed plastic surgeon Woffles Wu, and former Deputy Prime Minister Wong Kan Seng, currently serving as the Chairman of Ascendas-Singbridge.
- Simon Cheong bought his home in 2009 from Breadtalk founder George Quek for $29.2 million for a 33,000 sq ft plot.
- Viz Branz CEO Ben Chng bought his Sweetenham GCB for $48 million, or $2,893 psf.
- Heart surgeon, the late Dr NK Yong and his wife called a double-storey Good Class Bungalow on Swettenham Road their home, occupying an expansive 16,000 sq ft freehold site. This distinguished GCB is now on the market, listed for $25.5 million.
Swettenham Road, District 10
| Read related article: Inside Scoop on Good Class Bungalows in Singapore: Facts & Figures for Savvy Investors |
5. Binjai Park: Premiere Enclave of Nature
Nestled in the heart of the verdant Bukit Timah area, Binjai Park is a tranquil residential enclave renowned for its sprawling Good Class Bungalows (GCBs). The exclusivity of the neighbourhood is a major draw for affluent homebuyers looking for an innately natural living experience.
Binjai Park takes its name from the Binjai tree, which once covered the entire estate. Some of these exotic trees can still be seen around the neighbourhood. The streets within Binjai Park include Binjai Walk, Binjai Hill, and Binjai Rise. Situated just off Dunearn Road, Binjai Park is near the Swiss Club GCBA and conveniently located near the King Albert Park MRT station. The region also has many amenities, including petrol kiosks, food and beverage outlets, clinics and other establishments.
One of the reasons for the high property prices in Binjai Park is its proximity to the Bukit Timah Nature Reserve, which offers a lush and serene setting away from the hustle and bustle of city life.
The neighbourhood’s tree-lined streets, extensive foliage, and spacious bungalows evoke a sense of grandeur and prestige. Some of the most notable properties in the area include the opulent Binjai Crest development, featuring large and elegant bungalows set amid lush greenery.
Binjai Park is a verdant enclave tucked just far enough away from the clamour of Singapore’s city centre to be considered quiet. Of course, apart from rolling tree-lined avenues, it’s a place defined by its exclusivity because of the number of good-class bungalows in the area.
Naturally, a notable enclave needs equally noted residents to fill its storied residences, many of which are steeped in history, having first been gazetted and constructed back in the early days of Singapore’s history.
Additionally, the area’s top-notch schools, such as Methodist Girls’ School and international institutions, make it a popular choice for families with school-going children. Overall, Binjai Park’s coveted location, stunning architecture, and natural surroundings make it a perfect place to call home.
Who Lives in Binjai Park
Binjai Park hosts many high-flying individuals, notably movie star Jet Li. He purchased his house for $19.8 million ($871 psf). That specific residence already had a reputation as a frequent site of celebrations when it belonged to the fashion retailer FJ Benjamin. Benjamin used to throw glamorous parties with guests, including former football star and celebrity David Beckham.
- Cardiologist Dr Charles Toh is a resident at Binjai Park
- Obstetrician and Gynecologist Dr S Lavan Iswaran and his Chef-Author wife, Indra R Lavan Iswaran, live in a heritage house at 35 Binjai Park, with an expansive 20,977 sq ft plot
- The biggest plot of and on Binjai Park is 27.320 sq ft and was sold for $36 million, translating to a land rate of $1,318 psf
Binjai Park, District 21
6. Leedon Park: Exclusive Haven of Tranquility
Leedon Park is a highly sought-after neighbourhood in Singapore due to its prestige. It is located in the prime District 10 and is known for its upscale properties and amenities.
Leedon Park and the Ford Avenue GCB Areas are gaining in popularity among the rich, given the lush greenery, the proximity of lifestyle amenities such as Dempsey Hill and Holland Village, and the rejuvenation of the area with the upcoming One Holland Village. Top schools nearby include Henry Park Primary School and Tanglin Trust School. The rejuvenation of Holland Village with the upcoming One Holland Village by a Far East Organisation-led consortium and the convenience of the Holland Village MRT Station are bonuses.
The area is home to many rare GCBs, with some of the most notable estates in the neighbourhood owned by Singapore’s wealthiest families. The neighbourhood is also home to high-profile expatriates and foreign diplomats, adding to its exclusivity.
Who Lives in Leedon Park
Leedon Park houses many sprawling estates belonging to wealthy individuals and families who enjoy the area’s peaceful, serene atmosphere and nearby conveniences.
- Raffles Medical Group’s Executive Chairman, Loo Choon Yong, lives in a 31,211 sq ft bungalow that was purchased for $40.88 million
- Alibaba co-founder James Sheng purchased a bungalow in 2018 for $50 million, 25,310 sq ft
- The billionaire co-founder of Hong Kong-listed AAC Technologies, Ingrid Wu Chunyuan, acquired a bungalow for $31 million, 15,500 sqft
- GCB investor George Lim developed a property on 15,635sq ft of land, with six bedrooms, two storeys and a basement
Leedon Park, District 10
| Read related article: Family Office Real Estate Investments to Preserve Wealth |
7. Ridley Park: Sprawling Multi-Family Homes
Tucked away in a protected green zone near the Botanic Gardens lies Tanglin Hill, an exclusive area in Ridley Park known for its hidden GCB gems. While less widely recognised than Nassim and Cluny, Tanglin Hill is just as sought-after among the city’s in-the-know elite.
Ridley Park is named after Henry Nicholas Ridley, the Director of the Botanic Gardens from 1888 to 1911 and known as the father of the rubber industry. At the Botanic Gardens, he cultivated the rubber tree locally after it was imported from Brazil and, more importantly, found a way to tap its sap. This sparked the rubber industry in Southeast Asia. Ridley Park was named in 1923, about a decade after Ridley had left Singapore.
Who Lives In Ridley Park
The area is home to the prominent Kwek family of the Hong Leong Group, with several family members owning luxurious properties here, including Kwek Leng Beng, the Executive Chairman of City Developments Ltd and Hong Leong Holdings. Among the area’s impressive homes is the S$31.5 million property purchased by former Xiaomi Corporation Board Member Koh Tuck Lye, who is currently constructing a new house on the freehold land.
With its lush green surroundings, proximity to top attractions like Orchard Road and Dempsey Hill, and an impressive roster of affluent residents, Tanglin Hill remains one of the most coveted addresses in Singapore’s luxury real estate market.
Ridley Park, District 10
8. Grange Road: New Potential Unveiled
Grange Road is a prominent and upscale residential street in Singapore’s Orchard Road area. Orchard Road is well-known for its high-end shopping, entertainment and dining options, making it one of the most sought-after districts in the city.
Grange Road, in particular, is synonymous with luxury living and is home to several prestigious residential developments. The residences along Grange Road often boast modern architecture, top-notch amenities, and convenient access to the vibrant Orchard Road lifestyle.
Living on Grange Road provides residents with proximity to renowned shopping malls like ION Orchard, Ngee Ann City, and Paragon. The district is also known for its fine dining restaurants, entertainment venues, and cultural attractions. The convenience of being in the city’s heart and the luxurious residential offerings make Grange Road a coveted address for those seeking a sophisticated and cosmopolitan lifestyle in Singapore.
Who Lives on Grange Road
Grange Road joins our list for 2024 due to the Kishin Royal Kishin RK of the Royal Brothers, the 13th wealthiest on the Forbes List in terms of net worth of $3 billion, bought a GCB for $48 million ($1,697 psf).
Grange Road (To Be Chatsworth when built), D10
9. Ardmore Park: Where Luxury Condos Rise
Ardmore Park is a highly exclusive neighbourhood located in the heart of Singapore’s prime residential district. The neighbourhood’s condominiums are renowned for their spacious layouts, high-end finishes and stunning views of the surrounding greenery.
Ardmore Park is home to some of the most expensive condominiums in Singapore, ranging from S$4,000 to S$6,000 psf.
Some of the most exclusive developments in the area include Le Nouvel Ardmore and Scupltura Admore. The latter, by top property developer SC Global, comprises only 34 apartments, each spanning an entire floor. It has also made a name for itself in the luxury real estate market when Facebook co-founder Eduardo Saverin purchased his duplex penthouse for $60 million in 2017.
Who Lives in Ardmore Park
Ardmore Park hosts many of Singapore’s prestigious individuals, with its prime residential space and incredible city views.
- Co-founder of Ali Baba, Sun Tongyu, also known as Toto Sun, bought the only penthouse at Le Nouvel Ardmore for $51 million
- Actress and businesswoman Vicki Zhao (also known as Zhao Wei) and her husband, Huang Youlong, bought their Ardmore Park penthouse of 8,740 sq ft for S$27.65 million. The five-bedroom house is on the 29th storey and has a private lift, with two open-air terraces.
Ardmore Park is within a stone’s throw from the Tanglin Club, one of Singapore’s oldest and most prestigious social clubs, and the American Club, which offers a range of facilities, including swimming pools, tennis courts, and a spa.
For those who love to shop, the Orchard Road shopping district is just a short drive away, offering a wide array of high-end boutiques and luxury department stores. The combination of luxury living, breathtaking views, and convenient location has made Ardmore Park one of the most lavish areas for condos in Singapore.
Ardmore Park, District 10
10. King Albert Park: Where Nature & Urban Living Blend
King Albert Park is a well-established and prestigious neighbourhood known for its abundance of lush greenery and quiet streets.
King Albert Park has several high-profile residents, including successful entrepreneurs and foreign diplomats. In March, one of the few GCBs came on the market in King Albert Park for S$30 million. The tranquil and exclusive nature of the neighbourhood is near the city centre and the Bukit Timah Nature Reserve.
The King Albert Park area is also highly sought after for families with children because of the location’s world-class education. Within a 2-km radius, are several reputable schools, such as Methodist Girls’ School, Hwa Chong Institution, National Junior College, and Nanyang Primary School. Many families are willing to pay a premium for homes in the King Albert Park area, knowing their children have access to the best schools in the country and the world.
King Albert Park, District 21
What Makes These Streets for the Ultra-Rich
Singapore’s real estate market has long been the guiding star for the global elite, and it’s not hard to see why. With a seamless blend of grand century-old landed homes and modern skyscrapers, the country’s architectural landscape is a testament to its emergence as a leading financial and business centre.
The demand for trophy assets and penthouses to boast has surged thanks to structures offering a regional and international base for family offices. Singapore’s exclusive offerings entice local and foreign buyers, making it a prime destination for those seeking the world’s most prestigious and extravagant properties.
Singapore Luxury Homes (SLH) is a prestigious luxury real estate agency that provides unparalleled service to high-end residential and commercial buyers and sellers. Specialising in luxury properties, SLH markets and sells properties ranging from stunning penthouses at The Marq on Paterson Hill to luxurious homes on Sentosa. SLH is also acclaimed for its landmark Astrid Hill Good Class Bungalow real estate sale.
If you’re searching for an exclusive property in Singapore, connect with SLH’s real estate consultants. Specialising in luxury properties, SLH markets and sells properties ranging from stunning penthouses at The Marq on Paterson Hill to luxurious homes on Sentosa. We are also acclaimed for our landmark Astrid Hill Good Class Bungalow real estate sale. If you’re searching for an exclusive property in Singapore, connect with our real estate consultants.
| Read related article: Rising Demand: Landed Properties in Singapore Charms HNWIs |
