Money

I walked down Singapore’s most exclusive street and found it was a strange mix of mansions, embassies, and empty estates

Nassim Road, a quiet, tree-lined street that’s less than a mile long, is the most exclusive and expensive street in Singapore.

Nassim Road is located near the Botanic Gardens in central Singapore.

Google Maps


Nassim Road’s ultra-wealthy residents live in mansions known as “good class bungalows” — the most coveted type of housing in Singapore, which must have a land area of at least 15,000 square feet.

“Nassim has become a brand name on its own,” Bruce Lye, the cofounder and managing partner at Singapore Realtors Inc., told me. “The Nassim address itself commands a big premium … If you have the opportunity to own a piece of land there, it’s something that can be passed down for generations to come.”

Of the handful of good class bungalows publicly listed on Nassim Road right now, the cheapest is about $45 million and the priciest is roughly $72 million.

The most expensive home ever to sell on Nassim Road was a bungalow that sold for $170 million in 2019. The rumored buyer? Facebook cofounder Eduardo Saverin, who has lived in Singapore for more than 10 years. Saverin did not immediately respond to Insider’s request for comment for this story.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button