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Nassim Road, Singapore
The exclusive area of Nassim Road in Singapore made headlines earlier this year, when the wife of a Singapore tech founder paid $128.8 million Singapore dollars (about US$96 million), for a house. The house in question was a Good Class Bungalow (GCB), known as one of Singapore’s most prestigious and expensive properties.
Historically, the prices of GCBs in Singapore can range anywhere from slightly over S$15 million to S$100 million. However, on average, prices of GCBs tend to fetch about S$30 million or more. GCB’s are only found in a handful of districts, with Nassim Road regarded as one of the top destinations for the properties. Dubbed the “crème de la crème” of Singapore’s residential address, Nassim Road is also known as the embassy row due to the numerous numbers of embassies setting there. The Embassy of Japan, Embassy of The Republic of Philippines and the Embassy of the Russian Federation are all located along Nassim Road.