Nassim Road is one of Singapore's most prestigious GCB areas, situated within District 10 alongside Tanglin and Orchard Road. Plot sizes range 1,400–6,000 sqm; median land PSF in 2024–2026 transactions sits at S$2,500–S$3,000. Notable 2025 transactions include the S$92M Nassim Road bungalow sale (record per-sqm price for the area). Owner-occupiers dominate; foreigner ownership rare and conditional on LDAU approval.
Location and character
Nassim Road runs through D10 between Tanglin Road and the Singapore Botanic Gardens. The area is defined by:
- Botanic Gardens proximity: UNESCO-listed garden borders Nassim's southwestern edge
- Embassy cluster: Multiple foreign embassies (US, UK, Germany historical addresses)
- Plot sizes: Typically 1,400–6,000 sqm — larger than D11 Newton GCB plots
- Plot density: ~80–100 GCBs in the Nassim cluster (gazetted area)
Pricing 2024–2026
| Year | Median land PSF | Largest transaction |
|---|---|---|
| 2024 | S$2,450 | S$78M (~3,500 sqm) |
| 2025 | S$2,650 | S$92M (~4,200 sqm) |
| 2026 YTD | S$2,750–S$2,900 | S$65M (~2,800 sqm) |
Source: URA private property transaction data.
Typical buyer profile
- Singapore Citizens: 70–80% of transactions; often UHNW families or business owners
- PRs with LDAU approval: 15–20%; typically with 10+ years SG residence
- Foreigners: Rare; LDAU approval extremely selective
- Investment thesis: Capital preservation + family legacy; rental yield secondary (1.0–1.5%)
Key buying considerations
- Off-market deals dominate: 60–70% of Nassim transactions are off-market via specialist agents
- Conservation overlays: Some plots have URA conservation status; restricts redevelopment
- Heritage trees: Many plots have heritage trees protected by NParks; cannot be removed
- Renovation budget: New build / major renovation S$8–15M typical for GCB
- Property tax (owner-occupied): 4% of AV; for a S$60M GCB with AV S$700k = S$28k/year
Rental market
Nassim GCB rentals are sparse but premium:
| Plot size | Typical monthly rent |
|---|---|
| 1,400–1,800 sqm | S$35,000–S$55,000 |
| 1,800–2,500 sqm | S$50,000–S$85,000 |
| 2,500+ sqm | S$80,000–S$200,000+ |
Tenants typically: senior expat executives, embassy staff, UHNW non-citizens. 2–3 year leases standard.
For broader landed context see Landed/Commercial hub and the GCB & Ultra-Luxury Market Guide.
FAQ
Can I rebuild on a Nassim Road plot?
Subject to URA approval and conservation overlay. Some plots are heritage-restricted; others allow full rebuild within 1,400 sqm + 40% coverage rules.
What schools serve Nassim families?
Tanglin Trust School, UWCSEA Dover, ACS Junior, SCGS Pri — multiple international + local-prestige options within 10-minute drive.
How thin is the Nassim market?
Typically 3–8 transactions per year. Listings often surface only via private agent networks.
Are loans available for S$60M+ properties?
Yes — private banking arms of DBS, UOB, Citi, HSBC, JPMorgan provide loans, typically 50–65% LTV.