Duplex penthouse at Parc Imperial for sale at $1.78 mil

A duplex penthouse at Parc Imperial in District 5 will certainly be on the block at Edmund Tie’s coming auction on June 21. The unit is also available for exclusive treaty negotiation. An owner’s sale, the 1,195 sq ft unit has a guide cost of $1.78 million, equating to $1,490 psf on the flooring location.

One of the most current new launch in the location is the 270-unit freehold project Terra Hill. This residence located on Yew Siang Roadway off Pasir Panjang Road was introduced in February this year, and also purchasers snapped up 102 units (38%) more than the first deals release weekend, setting a typical price of concerning $2,650 psf.

According to the property posting, the unit will be sold with an existing occupancy set to expire in December 2024. The lower floor makes up a living and dining area with a nearby balcony, kitchenette, house shelter, as well as lavatory. The upper floor comprises the en suite master bedroom, an attached al fresco porch, and also two separate en suite bedrooms.

At least three new projects have sprung up in the Pasir Panjang area near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid first sales launch, with customers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Roadway 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 Roadway. On its start day on Nov 10, 2018, it marketed 110 units (44%). The project was 98% reselled since July last year with a typical cost of $1,950 psf.

Likewise neighboring is The Southern Ridges, a 10km park which links Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and Henderson Waves, a pedestrian bridge crossing at Henderson Road. The area will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, that stretches across 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and exclusive property.

Pasir Panjang enjoys proximity to the established Mapletree Organization City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, as well as the one-north downtown.

The Continuum Singapore

Regardless of the new projects, Parc Imperial commands an affordable standard market price of about $1,766 psf, based upon a collection of resale caveats over the last year. One unit has been offered until now this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

Based upon resale warnings lodged in the past 5 years, one of the most costly unit that has 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 followed by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

A tabulation of rental data at Parc Imperial by EdgeProp Singapore presents that the condominium regulates an average rental fee of $7.35 psf monthly (pm). This is high contrasted to adjoining property developments for instance, The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).

Parc Imperial is a freehold apartment on Pasir Panjang Road. The 138-unit project was finished in 2010 by district developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Line. Major road connectivity in the area is through the West Coast Highway and Pasir Panjang Road.

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