Duplex penthouse at Parc Imperial for sale at $1.78 mil
The most recent new release in the location is the 270-unit freehold plan Terra Hillside. This condominium situated on Yew Siang Road off Pasir Panjang Road was launched in February this year, as well as buyers grabbed 102 units (38%) over the preliminary deals launch weekend, establishing an average price of regarding $2,650 psf.
Parc Imperial is a freehold apartment on Pasir Panjang Roadway. The 138-unit property was completed in 2010 by local developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Line. Major road connection in the place is with the West Coast Freeway and Pasir Panjang Roadway.
Also close-by is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and also Henderson Waves, a pedestrian bridge 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 as well as will consist of public and also exclusive housing.
Based upon resale caveats lodged in the last five years, the most costly unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom duplex penthouse that was sold for $1.95 million ($1,001 psf) in December 2021. This was adhered to by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.
At least 3 brand-new properties have actually emerged in the Pasir Panjang location near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a sturdy initial sales launch, with customers taking 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’ success with its 250-unit Kent Ridge Hill Residences on South Buona Vista Roadway. On its release day on Nov 10, 2018, it marketed 110 units (44%). The project was 98% sold since July in 2022 with an average cost of $1,950 psf.
Pasir Panjang delights in distance to the recognized Mapletree Company City at Pasir Panjang Road, Alexandra Technopark at Alexandra Road, the National University of Singapore, as well as the one-north business district.
Regardless of the new plans, Parc Imperial commands an affordable average market price of about $1,766 psf, based upon a collection of resale caveats over the last one year. One unit has been offered so far this particular year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.
An inventory of rental information at Parc Imperial by EdgeProp Singapore shows that the condo commands a standard rent of $7.35 psf each month (pm). This is high contrasted to adjoining property developments for instance, The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).
A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s coming auction on June 21. The unit is also available for private treaty negotiation. An owner’s sale, the 1,195 sq ft unit has an overview rate of $1.78 million, converting to $1,490 psf on the floor location.
According to the real property advertisement, the unit will be offered with a presenting occupancy about to expire in December 2024. The reduced floor surface consists of a living and dining location with an adjacent veranda, kitchenette, house shelter, and lavatory. The top floor comprises the en suite master bedroom, an attached outdoor terrace, and two separate en suite rooms.