Nestled in one of Singapore's most prestigious neighborhoods, the Heritage Good Class Bungalow at Nassim Road stands as a testament to ultra-luxury living, listed at an eye-watering $308 million. This staggering price translates to approximately $5,240 per square foot, underscoring the property's elite status in the competitive real estate market. The sprawling estate encompasses about 58,784 square feet, divided into three distinct plots that present unique opportunities for development and enhancement.
Designed by the renowned architect Edmund Ng, the bungalow is an architectural gem characterized by its colonial-style design. The structure features terracotta-tiled roofs and louvred timber windows, striking a harmonious balance between heritage preservation and contemporary refinement. This design not only pays homage to Singapore's rich history but also caters to modern sensibilities, making it appealing to discerning buyers who value both aesthetics and functionality.
The layout of the property offers flexibility for prospective owners. The conservation plot allows for enhancements that can breathe new life into the existing structure, while the other two plots are ripe for bespoke development. This potential could lead to the construction of up to three new bungalows, creating an exclusive enclave for ultra-high-net-worth individuals. Alternatively, the existing bungalow could be transformed into a luxurious clubhouse, presenting an array of possibilities for both private enjoyment and social gatherings. Such versatility enhances the property's allure, attracting interest from a diverse pool of affluent buyers.
Location is a significant factor contributing to the desirability of the Heritage Good Class Bungalow. Situated near De Souza Avenue and the Singapore Botanic Gardens, the property offers residents easy access to world-class shopping, dining, and recreational facilities. The proximity to these amenities ensures that the lifestyle associated with this elite residence aligns with the expectations of its potential owners. The area's reputation for exclusivity further elevates the appeal of the bungalow, making it a coveted address for both local and foreign investors.
Transactions of such high-value properties are rare, reflecting the unique nature of the Heritage Good Class Bungalow within the Singapore real estate landscape. Its combination of size, location, and architectural significance positions it as a prime investment opportunity. The rarity of such offerings, coupled with the ongoing demand for luxury landed properties in Singapore, suggests that the bungalow will continue to draw attention from wealthy individuals seeking to secure a foothold in one of the world's most dynamic cities.
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News Source: Edgeprop
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