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

Jointly established by Frasers Centrepoint Homes together with Lum Chang Group, the 99-year leasehold condo has nine blocks with 573 units. Units comprise a mix of 2-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with sights of the pool. Tan says the unit is “clean” and also would need marginal restoration by the future owner. In addition, the EC uses full establishments, including a clubhouse, event area, gym, pool, tennis court together with a children’ play area.

An essential appeal of the residential property is its distance to services, claims Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Mall on Compassvale Bow, a three-storey retail store facility that established earlier this year. The development is four minutes from Buangkok MRT Station (North-East Line) and close-by bus stops. Orchard Roadway is 20 mins distant by vehicle by means of the Central Expressway (CTE), while the CBD is simply over thirty minutes away.

One of the most recent unit to adjust controls at Esparina Residences is a 1,066 sq ft condo on the sixth level that was offered for $1.5 million ($1,408 psf) on June 16. The last purchase before this was for an 829 sq ft unit on the third floor that was cost $1.275 million ($1,538 psf) on June 1. In April, the development viewed a history psf price greater right after a 1,001 sq ft unit on the fifth level modified hands for $1.55 million ($1,548 psf).

Newport Residences showflat location

The building is going to interest family groups, as it is throughout 1km of schools like Palm View Primary 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, situated at Hougang Avenue 8.

A two-bedroom unit at Esparina Residences, an exec condo (EC) located around 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 auction also sales, mentions the property is a mortgagee sale and has a guide price of $1.28 million. The price turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The condo will be sold with available ownership and also on an “as is where is” basis.

Esparina Residences was finished in 2013. The unit can only be purchased by a Singapore citizen or permanent citizen as it is still within the 10-year time frame from finish in which ownership limitations apply. An EC assignment is privatised from the 11th year beyond post-completion, following which overseas buyers and also corporate entities are qualified to purchase units in the development.

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