Duplex penthouse at Parc Imperial for sale at $1.78 mil

According to the property listing, the unit will be sold with a presenting occupancy set to expire in December 2024. The reduced floor consists of a living and eating area with a nearby balcony, kitchen space, home shelter, and also lavatory. The top floor consists of the en suite master bedroom, a linked open-air porch, as well as 2 different en suite rooms.

One of the most recent new launch in the location is the 270-unit estate property Terra Hillside. This residence situated on Yew Siang Road off Pasir Panjang Road was launched in February this year, as well as customers bought 102 units (38%) more than the initial sales launch weekend, establishing a typical price of concerning $2,650 psf.

Pasir Panjang delights in distance to the well-known Mapletree Organization City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north downtown.

Newport Residences condo

At the very least three new properties have actually arised in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a sturdy preliminary sales launch, with purchasers taking up 129 units (76%). The 170-unit property on Pasir Panjang Road was fully reselled by June by Oxley Holdings, followed up on The Veranda Residences’ results with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its start day on Nov 10, 2018, it sold off 110 units (44%). The project was 98% reselled as of July last year with an ordinary rate of $1,950 psf.

A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s next public auction on June 21. The unit is also readily available for private treaty settlement. A proprietor’s sale, the 1,195 sq ft unit has a guide rate of $1.78 million, equating to $1,490 psf on the floor area.

In spite of the new projects, Parc Imperial regulates a reasonable standard selling price of about $1,766 psf, based upon a collection of resale caveats over the previous 12 months. One unit has been sold thus far this year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

Based on resale caveats lodged in the last five years, one of the most costly 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 adhered to by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.

Parc Imperial is a freehold apartment on Pasir Panjang Roadway. The 138-unit project was completed in 2010 by district property developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Track. Significant road connection in the area is through 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 Henderson Waves, a pedestrian link going across at Henderson Road. The area will also go to the doorstep of the upcoming Greater Southern Waterfront, which stretches throughout 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang and will certainly include public and also exclusive property.

A tabulation of leasing data at Parc Imperial by EdgeProp Singapore presents that the condominium commands a common rental fee of $7.35 psf per month (pm). This is high compared to neighbouring developments like The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).

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