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Home » Post Item » Singapore: Most Luxurious and Expensive House

Singapore: Most Luxurious and Expensive House

November 13, 2008

 The mansion is owned by the younger brother of Sultan Hassanal Bolkiah named Price Jefri Bolkiah. Arwaa Mansion is located at 46B and 48 Nassim Road and it is said to be worth $120 million.

Arwaa Mansion of palatial residence is certainly fit for a a prince and comes with a suitably intimidating value. It was built by merging two pieces of property with different addresses. It has 110,000 sq ft land area with 92 five-room HDB flats combined.

That figure for a home, even in land-scarce Singapore, is not something you hear about every day. Even property pundits that The Sunday Times spoke to were hard-pressed to think of a residential address that could fetch that kind of value.

There are only between 2,500 and 3,000 good-class bungalows with at least 15,070 sq ft of land area here.

Based on the Urban Redevelopment Authority’s numbers, the average cost of a good-class bungalow was $13.8 million last year.

What could possibly make the Brunei royal’s Nassim address worth that princely sum? Size, location, possibly even its pedigree ownership.

Posted by asiarealestate at 4:00 pm | permalink

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