Duplex penthouse at Parc Imperial for sale at $1.78 mil

Pasir Panjang delights in proximity to the established Mapletree Service City at Pasir Panjang Road, Alexandra Technopark at Alexandra Road, the National University of Singapore, as well as the one-north business district.

An inventory of rental information at Parc Imperial by EdgeProp Singapore presents that the condominium regulates a common rent of $7.35 psf each month (pm). This is high contrasted to adjoining property developments for instance, The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).

A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s coming auction on June 21. The unit is also available for private treaty settlement. A proprietor’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, translating to $1,490 psf on the flooring area.

A minimum of three brand-new properties have emerged in the Pasir Panjang area near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a solid first sales launch, with buyers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Road was completely sold off 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 marketed 110 units (44%). The project was 98% sold since July in 2022 with a typical cost of $1,950 psf.

The most recent new release in the area is the 270-unit estate plan Terra Hillside. This condominium positioned on Yew Siang Roadway off Pasir Panjang Roadway was launched in February this year, and purchasers bought 102 units (38%) over the first sales release weekend break, setting an average cost of about $2,650 psf.

Regardless of the brand-new plans, Parc Imperial regulates a sensible normal asking price of regarding $1,766 psf, based on a collection of resale caveats over the last year. One unit has actually been offered so far this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

According to the property listing, the unit will be offered with a presenting tenancy set to end in December 2024. The lower floor comprises a living and dining location with an adjacent balcony, kitchen space, household shelter, and powder room. The top flooring consists of the en suite master bedroom, a connected outdoor porch, and also 2 separate en suite rooms.

Lakegarden Residences Yuan Ching Road

Parc Imperial is a freehold condo on Pasir Panjang Road. The 138-unit venture was completed in 2010 by district developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connection in the place is through the West Coast Freeway and Pasir Panjang Road.

Also 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 bridge going across at Henderson Road. The location will also go to the doorstep of the upcoming Greater Southern Waterfront, which extends throughout 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang and will include public and private property.

Based upon resell 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 followed by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

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