Duplex penthouse at Parc Imperial for sale at $1.78 mil

One of the most recent brand-new release in the location is the 270-unit property Terra Hillside. This condo located on Yew Siang Roadway off Pasir Panjang Road was introduced in February this year, and buyers got 102 units (38%) over the initial sales release weekend, establishing an ordinary cost of concerning $2,650 psf.

Parc Imperial is a freehold apartment on Pasir Panjang Roadway. The 138-unit venture was finished in 2010 by local developer Fragrance Group. It is 200m from Haw Par Villa MRT Terminal on the Circle Line. Major road connectivity in the place is with the West Coast Highway and Pasir Panjang Road.

Based on resale warnings lodged in the past five years, one of the most pricey unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was cost $1.95 million ($1,001 psf) in December 2021. This was adhered to by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.

A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s coming public auction on June 21. The unit is also readily available for exclusive treaty settlement. A proprietor’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, equating to $1,490 psf on the flooring area.

At the very least 3 brand-new ventures have actually sprung up in the Pasir Panjang location near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a sturdy initial sales launch, with buyers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was completely reselled by June by Oxley Holdings, followed up on The Veranda Residences’ victory with its 250-unit Kent Ridge Hill Residences on South Buona Vista Roadway. On its start day on Nov 10, 2018, it sold 110 units (44%). The project was 98% sold since July last year with a typical rate of $1,950 psf.

An inventory of leasing information at Parc Imperial by EdgeProp Singapore reveals that the condominium commands a common rent of $7.35 psf monthly (pm). This is high compared to adjoining developments such as The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).

According to the real property advertisement, the unit will be marketed with an existing occupancy about to end in December 2024. The reduced floor surface comprises a living and eating area with a nearby terrace, kitchenette, house shelter, as well as powder room. The upper floor consists of the en suite master bedroom, a connected outdoor veranda, as well as two different en suite bedrooms.

Pasir Panjang enjoys closeness to the well-known Mapletree Service City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, as well as the one-north downtown.

Avenir Condo Guocoland and Hong Leong

In spite of the new plans, Parc Imperial commands a practical average asking price of regarding $1,766 psf, based upon a collection of resale caveats over the previous year. One unit has actually been sold until now this particular year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.

Additionally close-by is The Southern Ridges, a 10km park which links Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and Henderson Waves, a pedestrian connection going across at Henderson Road. The location will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, that extends across 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang as well as will include public and also exclusive real estate.

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