Duplex penthouse at Parc Imperial for sale at $1.78 mil
The most recent brand-new kick off in the area is the 270-unit estate project Terra Hill. This residence positioned on Yew Siang Road off Pasir Panjang Road was released in February this year, and purchasers snapped up 102 units (38%) more than the preliminary sales launch weekend break, setting a typical cost of about $2,650 psf.
Despite the new plans, Parc Imperial commands an affordable standard market price of regarding $1,766 psf, based on a collection of resale caveats over the last one year. One unit has actually been sold thus far this year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
At the very least three new ventures have actually emerged in the Pasir Panjang place near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a strong initial sales launch, with purchasers taking up 129 units (76%). The 170-unit project on Pasir Panjang Road was completely sold off 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 release day on Nov 10, 2018, it sold 110 units (44%). The project was 98% reselled as of July in 2022 with an ordinary cost of $1,950 psf.
Parc Imperial is a freehold condo on Pasir Panjang Roadway. The 138-unit project was finished in 2010 by district property developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Major road connection in the area is through the West Coast Highway and Pasir Panjang Roadway.
A duplex penthouse at Parc Imperial in District 5 will certainly be on the block at Edmund Tie’s coming auction on June 21. The unit is also readily available for exclusive treaty settlement. An owner’s sale, the 1,195 sq ft unit has a guide rate of $1.78 million, translating to $1,490 psf on the flooring area.
According to the real property advertisement, the unit will be offered with an existing tenancy set to end in December 2024. The lower floor makes up a living and dining location with an adjacent veranda, kitchen space, household shelter, and washroom. The top floor comprises the en suite master bedroom, an attached outdoor balcony, and also two different en suite bedrooms.
Based upon resell warnings lodged in the previous 5 years, one of the most costly 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.
An inventory of leasing data at Parc Imperial by EdgeProp Singapore shows that the apartment commands an average lease of $7.35 psf per month (pm). This is high contrasted to adjoining developments for instance, The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).
Pasir Panjang delights in distance to the established Mapletree Business City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, as well as the one-north business district.
Also neighboring is The Southern Ridges, a 10km park which connects 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 also be at the doorstep of the upcoming Greater Southern Waterfront, which extends throughout 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and will include public and also private housing.
