Les Maisons Nassim 4 Bedrooms sold for $39m


A 4 Bedrooms unit at Shun Tak Holdings' premium 14-unit Les Maisons Nassim on Nassim Road sold for S$39 million, or S$5,930 per square foot (psf).

The buyer was a foreigner that purchased the 6,577-square-foot apartment, which seems to be the project's first sale. The case was negotiated by SRI, a marketing agency.

"Buyers recognize the Shun Tak brand and have seen other projects in Hong Kong and Macau, which is a reason for the level of confidence in the product," said Bruce Lye, co-founder of SRI. In response to questions from BT, developer Shun Tak said that "a few units" have been on hold by buyers pending sales documentation.
The low-rise freehold property in district 10 is on a 66,453 sq ft plot and consists of three blocks with a total of 14 apartments. It is located in the desirable Nassim neighborhood. There are eight simplexes, four duplexes, and two penthouses. In H1 of 2023, it is anticipated to get its temporary occupancy permit (TOP).

The two penthouse apartments are over 12,000 square feet (sq ft), while the duplex flats vary in size from 8,633 to 8,730 sq ft.

Park Nova, a super-luxury freehold property at 18 Tomlinson Road, is the Hong Kong-listed conglomerate's first residential project in Singapore. It was established by casino billionaire Stanley Ho.

Park Nova's 54 apartments, including the three penthouses, have all been sold. The largest, at 5,899 square feet, went for S$34.438 million (S$5,838 per square foot), while the four-bedroom, 4,499 square foot penthouse sold for S$26.026 million (S$5,784 per square foot). The third penthouse, measuring 3,229 square feet, sold for S$17.178 million (S$5,320 per square foot).

Shun Tak is also converting a property on Cuscaden Road into a five-star hotel with 142 rooms, not far from Park Nova. It also owns 111 Somerset, a business property on Somerset Road.