Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
A two-bedroom unit at Esparina Residences, an executive condominium (EC) placed along Compassvale Bow, will be set up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing director and also head of public auction and sales, states the property is a mortgagee sale and has an overview rate of $1.28 million. The rate turns out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo will be marketed with unused ownership and even on an “as is where is” basis.
Esparina Residences was finished in 2013. The unit can only be acquired by a Singapore resident or long-term resident as it is still inside the 10-year period from finish in which possession limitations utilise. An EC project is privatised from the 11th year beyond post-completion, complying with which international buyers and also corporate organizations are eligible to purchase units in the property.
A key demand of the residential property is its closeness to services, states Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Mall on Compassvale Bow, a three-storey retail store complex that started earlier on this year. The property development is 4 minutes from Buangkok MRT Terminal (North-East Line) as well as neighboring bus stops. Orchard Roadway is 20 mins away by vehicle via the Central Expressway (CTE), while the CBD is simply over thirty minutes apart.
One of the most recent 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 just before this was for an 829 sq ft unit on the third floor that was sold for $1.275 million ($1,538 psf) on June 1. In April, the development saw a history psf price higher after a 1,001 sq ft unit on the fifth floor modified hands for $1.55 million ($1,548 psf).
The building will certainly appeal to households, as it is in just 1km of institutions like Palm View Primary School at Compassvale Bow, North Vista Elementary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 and Montfort Junior School, located at Hougang Avenue 8.
Jointly created by Frasers Centrepoint Homes along with Lum Chang Team, the 99-year leasehold condo has 9 blocks with 573 units. Units comprise a combine of two-, three- and even 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 states the unit is “well-kept” as well as would definitely need minimal improvement by the potential proprietor. Furthermore, the EC uses complete establishments, including a clubhouse, function space, health club, pool, tennis court plus a kids’ play zone.