Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
The most recent unit to change hands at Esparina Residences is a 1,066 sq ft condominium on the sixth floor that was offered 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 third level that was cost $1.275 million ($1,538 psf) on June 1. In April, the project saw a record psf rate higher right after a 1,001 sq ft unit on the fifth floor adjusted hands for $1.55 million ($1,548 psf).
Jointly developed by Frasers Centrepoint Homes and Lum Chang Team, the 99-year leasehold condominium has 9 blocks with 573 units. Units consist of a mix of 2-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with sights of the pool. Tan says the unit is “well-kept” as well as would certainly require minimal restoration by the potential proprietor. In addition, the EC offers complete facilities, including a clubhouse, event area, fitness center, pool, tennis court and a kids’ play area.
A two-bedroom unit at Esparina Residences, an executive condominium (EC) placed near Compassvale Bow, is going to be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing director and head of public auction and sales, says the real estate is a mortgagee sale and has an overview price of $1.28 million. The rate turns out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The apartment is going to be sold with vacant possession and on an “as is where is” basis.
Esparina Residences was finished in 2013. The unit can simply be acquired by a Singapore citizen or permanent resident as it is still within the 10-year time period from finish wherein title limitations apply. An EC assignment is privatised from the 11th year onwards post-completion, complying with which foreign buyers and corporate organizations are entitled to buy units in the property development.
A crucial appeal of the property is its closeness to services, says Edmund Tie’s Tan. Esparina Residences is adjacent to Sengkang Grand Mall on Compassvale Bow, a three-storey retail store complex that established earlier on this year. The development is 4 minutes from Buangkok MRT Terminal (North-East Line) and also neighboring bus stops. Orchard Roadway is 20 minutes distant by car using the Central Expressway (CTE), while the CBD is simply over half an hour afar.
The real estate is going to attract family groups, as it is throughout 1km of schools like Palm View Elementary 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.
