Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
The residential property will certainly appeal to families, as it is in just 1km of schools like Palm View Elementary School at Compassvale Bow, North Vista Elementary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 along with Montfort Junior School, situated at Hougang Avenue 8.
Esparina Residences was completed in 2013. The unit can only be bought by a Singapore local or permanent local as it is still inside the 10-year duration from finish wherein ownership restrictions apply. An EC job is privatised from the 11th year forwards post-completion, adhering to which international buyers and also corporate entities are eligible to buy units in the property development.
A key appeal of the property is its proximity to services, claims Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store complex that opened earlier on this year. The project is four mins from Buangkok MRT Terminal (North-East Line) as well as close-by bus stops. Orchard Road is 20 mins far by automobile using the Central Expressway (CTE), while the CBD is just over 30 minutes afar.
A two-bedroom unit at Esparina Residences, an exec condo (EC) located along Compassvale Bow, will be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing director as well as head of public auction and sales, says the real estate is a mortgagee sale and has an overview price of $1.28 million. The rate figures out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The apartment is going to be sold with vacant ownership and even on an “as is where is” basis.
Collectively created by Frasers Centrepoint Residences together with Lum Chang Team, the 99-year leasehold condominium has nine blocks with 573 units. Units make up a blend of two-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for public auction is a corner unit with sights of the pool. Tan points out the unit is “clean” and also would definitely call for minimal remodelling by the future proprietor. Furthermore, the EC supplies full establishments, incorporating a clubhouse, event space, health club, pool, tennis court plus a children’ play zone.
One of the most recent unit to shift hands at Esparina Residences is a 1,066 sq ft condominium on the 6th level that was marketed for $1.5 million ($1,408 psf) on June 16. The last deal just before this was for an 829 sq ft unit on the 3rd floor that was cost $1.275 million ($1,538 psf) on June 1. In April, the development observed a log psf cost higher soon after a 1,001 sq ft unit on the fifth level adjusted hands for $1.55 million ($1,548 psf).
