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

The most latest unit to adjust hands at Esparina Residences is a 1,066 sq ft condo on the sixth level that was sold for $1.5 million ($1,408 psf) on June 16. The final deal prior to 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 observed a record psf rate high after a 1,001 sq ft unit on the fifth floor modified hands for $1.55 million ($1,548 psf).

Jointly created by Frasers Centrepoint Homes together with Lum Chang Team, the 99-year leasehold condo has nine blocks with 573 units. Units consist of a mix of two-, 3- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for auction is a corner unit with views of the swimming pool. Tan says the unit is “well-kept” and also would definitely require very little restoration by the potential owner. In addition, the EC offers complete facilities, incorporating a clubhouse, event space, fitness center, swimming pool, tennis court together with a kids’ play zone.

Esparina Residences was carried out in 2013. The unit can simply be acquired by a Singapore local or permanent homeowner as it is still inside the 10-year time period from finish wherein possession restrictions use. An EC assignment is privatised from the 11th year forwards post-completion, following which foreign buyers and corporate companies are entitled to purchase units in the project.

North Gaia condo

The building will appeal to families, as it is within 1km of colleges like Palm View Primary School at Compassvale Bow, North Vista Primary 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.

An essential lure of the real estate is its closeness to services, says Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail industry complex that opened earlier this year. The project is four minutes from Buangkok MRT Station (North-East Line) as well as neighboring bus stops. Orchard Roadway is 20 minutes away by vehicle through the Central Expressway (CTE), while the CBD is just over half an hour afar.

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

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