Getting To Know Nassim Road, An Elite Area Where Crazy Rich Indonesia "Disburses Money"

Property at Nassim Road (Mingtiadi)

YOGYAKARTA The elite Nassim Road area in Singapore has attracted the attention of the Indonesian people. The reason is, there are three luxury houses in the area that are bought by crazy rich from Indonesia. Although famous, not many people know Nassim Road. The following summarizes the Nassim Road.

Nassim Road is one of the elite residential areas in Singapore. The name Nassim itself is taken from the name of the Jewish family named Nassim. They built the Nassim house around the 1850s.

Before becoming an elite area, Nassim Road was just an empty land with piles of trees and shrubs. Then in the British colonial era, the area was used as a residential area owned by the rich people of his time.

From the beginning of the construction, the buildings built in the area were indeed luxurious and the high class interest rate which was later owned by high-ranking officials. But over time, the property on Nassim Road was purchased by a wealthy local budget. Nassim Road was later known as an elite settlement in Singapore.

Some of the big names known to own property on Nassim Road are Facebook Co-founder Eduardo Saverin who bought a 2019 mansion covering an area of 84,500 square feet.

In addition, there is also local technology entrepreneur Tommy Ong, wife of Nanofilm Technologies International Shi Xu, namely Jin Xiao Qun, to the Brunei royal family.

This area is not only owned by the rich, there are also embassy buildings from various countries such as the Japanese Embassy, the Philippine Embassy, and the Russian Federation Embassy.

The high price of property on Nassim Road was even unstoppable even though the global property market price fell. The price of premium class flowers in the region has increased by 46 percent.

The high price of property at Nassim Road broke the record in Singapore. At that time, a billionaire named James Dyson bought property on Nassim Road. He was willing to spend 50 million US dollars or approximately Rp. 724 billion. With this fantastic value, James Dyson only got a house with an area of 1,402 square meters on Clungy Road, an area that is part of Nassim Road.

Information on the purchase of the Nassim Road property by Indonesians was revealed based on the Mingtiani property intelligence report in Singapore. Through its official website, Mingtiadi uploaded an article on April 19, 2023 entitled Indonesian Families Buy Bungalows on Jalan Nassim Singapore Seharga US$ 155 Million.

There are three luxury houses purchased by rich Indonesian families with an estimated price of up to 155 million US dollars or approximately Rp. 2.27 trillion (at an exchange rate of Rp. 14,700). The three houses purchased each have two floors with number 42, 42A and 42B in District 10. The house was purchased from Cuscaden Peak Investments, a company in collaboration with BUMN Singapore, Temasek Holding.

It is not clear who the families bought the property in the elite area, but it is reported that they will rebuild the flowers on their land for personal use.

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