Duplex penthouse at Parc Imperial for sale at $1.78 mil
A minimum of three new properties have actually arised in the Pasir Panjang area near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a solid initial sales launch, with purchasers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Roadway 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 start day on Nov 10, 2018, it sold 110 units (44%). The property was 98% sold since July in 2022 with an average price of $1,950 psf.
Based upon resale warnings lodged in the past 5 years, the most pricey unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was cost $1.95 million ($1,001 psf) in December 2021. This was followed by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.
A tabulation of leasing data at Parc Imperial by EdgeProp Singapore presents that the condo commands an average rental fee of $7.35 psf monthly (pm). This is high contrasted to neighbouring developments for instance, The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
Parc Imperial is a freehold condo on Pasir Panjang Road. The 138-unit venture was completed in 2010 by district developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Track. Major road connectivity in the location is through the West Coast Highway and Pasir Panjang Road.
Likewise close-by is The Southern Ridges, a 10km park which links Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian link going across at Henderson Road. The area will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which extends across 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang and also will consist of public and private property.
According to the real property listing, the unit will be marketed with an existing occupancy about to end in December 2024. The reduced floor consists of a living and dining area with a surrounding veranda, kitchenette, home shelter, as well as lavatory. The upper flooring makes up the en suite master bedroom, an attached outdoor veranda, as well as two separate en suite rooms.
Despite the brand-new ventures, Parc Imperial commands a sensible average selling price of concerning $1,766 psf, based on a compilation of resale caveats over the previous 12 months. One unit has been marketed until now this particular year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
Pasir Panjang enjoys distance 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 downtown.
One of the most recent new release in the location is the 270-unit freehold project Terra Hill. This condominium positioned on Yew Siang Roadway off Pasir Panjang Road was introduced in February this year, and customers bought 102 units (38%) over the first deals launch weekend, establishing an average price of regarding $2,650 psf.
A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s upcoming auction on June 21. The unit is also readily available for exclusive treaty negotiation. A proprietor’s sale, the 1,195 sq ft unit has an overview rate of $1.78 million, equating to $1,490 psf on the floor area.