Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

The property is going to appeal to family groups, as it is within 1km of institutions like Palm View Elementary School at Compassvale Bow, North Vista Elementary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 along with Montfort Junior School, found at Hougang Avenue 8.

A two-bedroom unit at Esparina Residences, an executive condominium (EC) placed around Compassvale Bow, will be set up for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing supervisor and also head of public auction also sales, says the property is a mortgagee sale and has an overview cost of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo will be offered with unused possession and even on an “as is where is” basis.

Lentor Hills Residences showlfat

Esparina Residences was finished in 2013. The unit can only be bought by a Singapore local or long-term homeowner as it is still within the 10-year time period from finalization wherein title restrictions use. An EC job is privatised from the 11th year beyond post-completion, adhering to which overseas buyers and corporate entities are eligible to acquire units in the project.

A vital appeal of the real property is its closeness to amenities, claims Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail store facility that started earlier this year. The development is 4 mins from Buangkok MRT Terminal (North-East Line) and close-by bus stops. Orchard Road is 20 mins away by car by means of the Central Expressway (CTE), while the CBD is just over thirty minutes afar.

Jointly developed by Frasers Centrepoint Homes and Lum Chang Group, the 99-year leasehold apartment has nine blocks with 573 units. Units comprise a mix of two-, 3- and even four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with views of the swimming pool. Tan says the unit is “clean” and would certainly need marginal restoration by the potential proprietor. Additionally, the EC offers comprehensive facilities, featuring a clubhouse, function area, health club, swimming pool, tennis court plus a children’ play area.

The most current unit to adjust controls at Esparina Residences is a 1,066 sq ft apartment on the 6th ground that was offered for $1.5 million ($1,408 psf) on June 16. The previously deal before this was for an 829 sq ft unit on the 3rd level that was cost $1.275 million ($1,538 psf) on June 1. In April, the property viewed a history psf rate high soon after a 1,001 sq ft unit on the 5th level modified hands for $1.55 million ($1,548 psf).

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