Duplex penthouse at Parc Imperial for sale at $1.78 mil
The most current new launch in the area is the 270-unit property project Terra Hill. This condominium positioned on Yew Siang Road off Pasir Panjang Road was launched in February this year, and customers got 102 units (38%) more than the first deals launch weekend, establishing a typical cost of regarding $2,650 psf.
A tabulation of leasing data at Parc Imperial by EdgeProp Singapore shows that the apartment regulates an average rental fee of $7.35 psf per month (pm). This is high contrasted to adjoining developments like The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).
A minimum of 3 new properties have actually arised in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a strong initial sales launch, with buyers taking up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was totally 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 Road. On its launch day on Nov 10, 2018, it sold off 110 units (44%). The project was 98% reselled since July in 2022 with an ordinary rate of $1,950 psf.
Pasir Panjang enjoys distance to the established Mapletree Company City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and the one-north downtown.
Also close-by is The Southern Ridges, a 10km park which connects Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and also Henderson Waves, a pedestrian connection crossing at Henderson Road. The area will also be at the doorstep of the upcoming Greater Southern Waterfront, that stretches around 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang and will include public and exclusive property.
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 followed by the revenue of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.
According to the residential property listing, the unit will be marketed with a presenting occupancy about to end in December 2024. The reduced floor surface comprises a living and food area with a surrounding veranda, kitchen space, home shelter, as well as lavatory. The upper flooring consists of the en suite master bedroom, an attached outdoor porch, and two different en suite bed rooms.
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 offered for exclusive treaty arrangement. A proprietor’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, equating to $1,490 psf on the flooring area.
Parc Imperial is a freehold apartment on Pasir Panjang Roadway. The 138-unit project was completed in 2010 by local developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Track. Significant road connectivity in the location is through the West Coast Highway and Pasir Panjang Road.
Regardless of the new ventures, Parc Imperial regulates a sensible standard selling price of regarding $1,766 psf, based upon a collection of resale caveats over the past one year. One unit has actually been marketed up until now this year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.