Duplex penthouse at Parc Imperial for sale at $1.78 mil
Pasir Panjang delights in closeness to the recognized Mapletree Service City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and the one-north downtown.
An inventory of rental data at Parc Imperial by EdgeProp Singapore reveals that the condo commands a common rental fee of $7.35 psf each month (pm). This is high contrasted to neighbouring developments such as 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 Hill ($4.03 psf pm).
According to the property advertisement, the unit will be offered with an existing occupancy set to expire in December 2024. The lower floor surface consists of a living and eating area with a nearby veranda, kitchen space, home shelter, and powder room. The upper floor consists of the en suite master bedroom, a connected outdoor veranda, as well as 2 separate en suite bed rooms.
A duplex penthouse at Parc Imperial in District 5 will certainly be on the block at Edmund Tie’s next auction on June 21. The unit is also offered for exclusive treaty settlement. 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 flooring location.
Based on resale caveats lodged in the previous five years, one of the most pricey unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom duplex 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.
In spite of the brand-new projects, Parc Imperial regulates a sensible normal asking price of about $1,766 psf, based upon a compilation of resale caveats over the past one year. One unit has actually been offered until now this particular year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
Parc Imperial is a freehold apartment on Pasir Panjang Road. The 138-unit project was finished in 2010 by district property developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connectivity in the place is through the West Coast Freeway and Pasir Panjang Roadway.
Likewise close-by is The Southern Ridges, a 10km park which links Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian connection crossing at Henderson Road. The area will also go to the doorstep of the upcoming Greater Southern Waterfront, that stretches around 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang as well as will consist of public and also exclusive real estate.
A minimum of three new ventures have actually emerged in the Pasir Panjang location near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid preliminary sales launch, with buyers taking up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was totally 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 release day on Nov 10, 2018, it sold 110 units (44%). The project was 98% reselled as of July in 2022 with an average price of $1,950 psf.
The most recent new launch in the location is the 270-unit property project Terra Hill. This condominium located on Yew Siang Road off Pasir Panjang Roadway was launched in February this year, and buyers snapped up 102 units (38%) more than the first sales release weekend break, establishing an average cost of regarding $2,650 psf.
