>

>

Sheriff’s sale of triplex townhouse at 8 Nassim Hill sold under the hammer for $9.79 mil

By Cecilia Chow

/ EdgeProp Singapore |

March 4, 2022 7:15 PM SGT

SINGAPORE (EDGEPROP) - At Knight Frank’s auction on Feb 24, the highlight was the triplex townhouse at 8 Nassim Hill that was put up for sale by the Sheriff’s Office of the Singapore Courts. The 4,208 sq ft unit had an opening price of $8.55 million ($2,032 psf).

The property was hotly contested by three parties, with the bid prices driven up by $10,000, $20,000 and $50,000 increments until it was finally sold to the highest bidder at $9.79 million ($2,327 psf). This was 14.5% higher than the opening price and 11.25% above the guide price of $8.8 million ($$2,091 psf). (Find out Singapore property valuation with Edge Fair Value)

This unit therefore achieved a higher price than the first unit that was sold at Knight Frank’s auction on Dec 9. Also a sheriff’s sale, the 4,542 sq ft triplex townhouse had an opening price of $9 million. It had two parties who bid for it and was sold for $9.1 million ($2,003 psf). According to a property title search, the buyer at the auction was an Indonesian national.

Read more: Second of two sheriff’s sales of triplex townhouses at 8 Nassim Hill for $8.8 mil

Sharon Lee, Knight Frank Singapore’s senior director and head of residential (auction and sales), attributes the strong response to the prestigious Nassim Hill location in prime District 10, and proximity to Tanglin Road/Orchard Road shopping strip as well as the upcoming Orchard Boulevard MRT station on the Thomson-East Coast Line. It’s also located within the exclusive Nassim Good Class Bungalow enclave.

“While there were some investors among the interested parties, other prospective buyers were looking to purchase for their own use,” adds Lee.

Check out the latest listings near 8 Nassim Hill, Tanglin Road, Orchard Boulevard MRT station

Tags:

Nassim Hill 8 Nassim Hill Nassim Road District 10 Tanglin Road

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Executive condo launches in 2025 to set new price benchmarks

2

Record-breaking 1,000 HDB resale flats hit $1 mil in 2024

3

More CCR projects to launch in 2025, testing resilience in Singapore’s high-end housing market

4

Is it a Good Deal?: A duplex penthouse in Sentosa sold for a loss of $1.93 million

5

10 best-selling new private residential projects of 2024

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00