Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

An essential lure of the residential property is its proximity to services, says Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail industry complex that opened earlier this year. The project is four mins from Buangkok MRT Station (North-East Line) as well as neighboring bus stops. Orchard Roadway is 20 minutes away by car by means of the Central Expressway (CTE), while the CBD is simply over thirty minutes apart.

Esparina Residences was finished in 2013. The unit can simply be acquired by a Singapore local or permanent resident as it is still within the 10-year time frame from completion wherein ownership limitations apply. An EC job is privatised from the 11th year forwards post-completion, complying with which foreign buyers and also corporate organizations are qualified to purchase units in the property.

One of the most current unit to shift controls at Esparina Residences is a 1,066 sq ft condo on the 6th level that was marketed for $1.5 million ($1,408 psf) on June 16. The previously transaction just before this was for an 829 sq ft unit on the third ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the project viewed a record psf cost greater after a 1,001 sq ft unit on the 5th floor changed hands for $1.55 million ($1,548 psf).

Jointly created by Frasers Centrepoint Homes and Lum Chang Team, the 99-year leasehold condo has 9 blocks with 573 units. Units comprise a blend of two-, 3- and four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with views of the pool. Tan says the unit is “well-kept” as well as would definitely need very little improvement by the potential owner. Additionally, the EC supplies comprehensive facilities, including a clubhouse, function space, gym, pool, tennis court and a children’ play zone.

The Myst Condo showflat location

A two-bedroom unit at Esparina Residences, an executive condo unit (EC) located along Compassvale Bow, is going to be put up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive supervisor as well as head of auction and sales, says the property is a mortgagee sale and has a guide rate of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The condo will be marketed with vacant ownership and on an “as is where is” basis.

The residential property will certainly appeal to families, as it is within 1km of colleges 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 and even Montfort Junior School, positioned at Hougang Avenue 8.

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