Nassim Road is located near the Botanic Gardens in central Singapore.
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Nassim Road's ultrawealthy residents live in mansions known as "good class bungalows" — the most coveted type of housing in Singapore, which must have a land area of at least 15,000 square feet.
"Nassim has become a brand name on its own," Bruce Lye, the cofounder and managing partner at Singapore Realtors Inc., told me. "The Nassim address itself commands a big premium."
He added: "If you have the opportunity to own a piece of land there, it's something that can be passed down for generations to come."
Of the handful of good class bungalows publicly listed on Nassim Road right now, the cheapest is about $45 million, and the priciest is roughly $72 million.