Duplex penthouse at Parc Imperial for sale at $1.78 mil

A minimum of 3 brand-new ventures have actually arised in the Pasir Panjang area close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a sturdy preliminary sales launch, with customers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was fully sold off by June by Oxley Holdings, followed up on The Veranda Residences’ results with its 250-unit Kent Ridge Hill Residences on South Buona Vista Roadway. On its start day on Nov 10, 2018, it marketed 110 units (44%). The project was 98% sold as of July last year with an ordinary price of $1,950 psf.

One of the most current new release in the area is the 270-unit estate plan Terra Hillside. This residence positioned on Yew Siang Roadway off Pasir Panjang Roadway was released in February this year, and also customers bought 102 units (38%) over the first deals launch weekend break, establishing an average cost of regarding $2,650 psf.

In spite of the new ventures, Parc Imperial regulates an affordable standard selling price of about $1,766 psf, based on a compilation of resale caveats over the past one year. One unit has actually been sold thus far this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s upcoming auction on June 21. The unit is also available for exclusive treaty settlement. An owner’s sale, the 1,195 sq ft unit has a guide cost of $1.78 million, translating to $1,490 psf on the floor location.

An inventory of leasing data at Parc Imperial by EdgeProp Singapore shows that the condo regulates an average rental fee of $7.35 psf each month (pm). This is high contrasted to neighbouring developments such as The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).

Pasir Panjang enjoys distance to the recognized Mapletree Company City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and the one-north business district.

Lentor Hills Residences condominium

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

Likewise nearby 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 link crossing at Henderson Road. The location will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, that stretches across 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and also will include public and private housing.

According to the residential property posting, the unit will be offered with an existing occupancy about to end in December 2024. The reduced floor surface comprises a living and food location with an adjacent terrace, kitchen space, home shelter, as well as washroom. The upper flooring comprises the en suite master bedroom, a linked outdoor veranda, and 2 different en suite bed rooms.

Parc Imperial is a freehold condo on Pasir Panjang Road. The 138-unit property was finished in 2010 by district property developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Line. Major road connection in the place is with the West Coast Highway and Pasir Panjang Roadway.

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