Duplex penthouse at Parc Imperial for sale at $1.78 mil
The most recent new launch in the area is the 270-unit freehold plan Terra Hill. This condo located on Yew Siang Road off Pasir Panjang Road was released in February this year, and customers snapped up 102 units (38%) over the preliminary deals launch weekend break, establishing an average price of concerning $2,650 psf.
According to the property advertisement, the unit will be sold with an existing occupancy about to end in December 2024. The lower floor consists of a living and food location with an adjacent terrace, kitchenette, household shelter, and also washroom. The top flooring consists of the en suite master bedroom, a connected outdoor terrace, and two separate en suite rooms.
Also neighboring is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and Henderson Waves, a pedestrian connection crossing at Henderson Road. The location will also go to the doorstep of the upcoming Greater Southern Waterfront, that stretches across 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang as well as will consist of public and private housing.
At least 3 brand-new ventures have arised in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a strong preliminary sales launch, with purchasers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was totally sold by June by Oxley Holdings, followed up on The Veranda Residences’ victory with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its launch day on Nov 10, 2018, it marketed 110 units (44%). The property was 98% reselled as of July last year with an ordinary rate of $1,950 psf.
Parc Imperial is a freehold condo on Pasir Panjang Roadway. The 138-unit project was finished in 2010 by local property developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Significant road connectivity in the location is through the West Coast Freeway and Pasir Panjang Road.
Based on resell warnings lodged in the previous five years, the most expensive 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) in October 2020.
Pasir Panjang enjoys closeness to the well established Mapletree Company City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and also the one-north downtown.
Regardless of the brand-new ventures, Parc Imperial regulates a reasonable normal market price of about $1,766 psf, based on a collection of resale caveats over the previous one year. One unit has actually been sold up until now this year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
A duplex penthouse at Parc Imperial in District 5 will be on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also available for exclusive treaty negotiation. An owner’s sale, the 1,195 sq ft unit has an overview price of $1.78 million, equating to $1,490 psf on the floor area.
A tabulation of leasing information at Parc Imperial by EdgeProp Singapore shows that the condominium regulates a common rental fee of $7.35 psf per month (pm). This is high contrasted to adjoining property developments like The Orient at Pasir Panjang Roadway ($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).
