Duplex penthouse at Parc Imperial for sale at $1.78 mil
An inventory of leasing data at Parc Imperial by EdgeProp Singapore shows that the condo regulates an average rental fee of $7.35 psf monthly (pm). This is high contrasted to adjoining property developments such as The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
At least three brand-new projects have actually emerged in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid initial sales launch, with purchasers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Road was totally reselled by June by Oxley Holdings, followed up on The Veranda Residences’ success with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its start day on Nov 10, 2018, it sold 110 units (44%). The property was 98% sold since July last year with a typical price of $1,950 psf.
In spite of the new ventures, Parc Imperial regulates a reasonable average asking price of concerning $1,766 psf, based on a collection of resale caveats over the last year. One unit has been sold up until now this particular year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.
A duplex penthouse at Parc Imperial in District 5 will be on the block at Edmund Tie’s coming auction on June 21. The unit is also available for nonpublic treaty negotiation. An owner’s sale, the 1,195 sq ft unit has a guide rate of $1.78 million, converting to $1,490 psf on the floor area.
Based upon resell warnings lodged in the last five years, the most costly unit that has 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 adhered to by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.
Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit project was completed in 2010 by district developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Major road connection in the area is via the West Coast Highway and Pasir Panjang Road.
Additionally neighboring 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 link crossing at Henderson Road. The location will certainly also go to the doorstep of the upcoming Greater Southern Waterfront, which extends across 30km of the southern coast from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and exclusive real estate.
According to the property listing, the unit will be marketed with a presenting occupancy about to end in December 2024. The reduced floor surface makes up a living and dining area with a surrounding terrace, kitchen space, house shelter, as well as powder room. The upper floor comprises the en suite master bedroom, a linked open-air terrace, and also two different en suite rooms.
One of the most recent brand-new release in the area is the 270-unit freehold property Terra Hillside. This condominium located on Yew Siang Road off Pasir Panjang Roadway was released in February this year, and also purchasers got 102 units (38%) over the first deals release weekend break, setting a typical cost of regarding $2,650 psf.
Pasir Panjang delights in distance to the established Mapletree Organization City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north business district.
