Duplex penthouse at Parc Imperial for sale at $1.78 mil
One of the most recent brand-new kick off in the area is the 270-unit freehold plan Terra Hillside. This condominium positioned on Yew Siang Roadway off Pasir Panjang Road was launched in February this year, and also purchasers purchased 102 units (38%) over the preliminary sales launch weekend break, establishing an ordinary price of concerning $2,650 psf.
A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also available for exclusive treaty negotiation. A proprietor’s sale, the 1,195 sq ft unit has a guide cost of $1.78 million, converting to $1,490 psf on the flooring location.
At least 3 new ventures have emerged in the Pasir Panjang location near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a sturdy first sales launch, with purchasers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was totally 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 Road. On its start day on Nov 10, 2018, it sold off 110 units (44%). The property was 98% reselled as of July last year with a typical cost of $1,950 psf.
Pasir Panjang delights in proximity to the well-known Mapletree Business City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and the one-north business district.
Parc Imperial is a freehold apartment on Pasir Panjang Road. The 138-unit venture was completed in 2010 by district property developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Major road connectivity in the location is through the West Coast Freeway and Pasir Panjang Roadway.
Regardless of the brand-new plans, Parc Imperial commands an affordable standard selling price of concerning $1,766 psf, based upon a collection of resale caveats over the previous one year. One unit has been sold thus far this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.
Based upon resell warnings lodged in the previous five years, one of the most costly unit that has actually 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.
Additionally neighboring is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and also Henderson Waves, a pedestrian link crossing at Henderson Road. The location will also go to the doorstep of the upcoming Greater Southern Waterfront, that extends throughout 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang and will certainly include public and also private property.
A tabulation of leasing information at Parc Imperial by EdgeProp Singapore reveals that the apartment regulates an average rental fee of $7.35 psf monthly (pm). This is high contrasted to adjoining property developments such as The Orient at Pasir Panjang Roadway ($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).
According to the real property listing, the unit will be offered with a presenting tenancy set to expire in December 2024. The reduced floor surface consists of a living and food area with an adjacent veranda, kitchen space, household shelter, and also washroom. The top flooring comprises the en suite master bedroom, a connected al fresco terrace, as well as 2 separate en suite bed rooms.