Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

The most recent unit to shift hands at Esparina Residences is a 1,066 sq ft flat on the 6th ground that was marketed for $1.5 million ($1,408 psf) on June 16. The previously purchase just before this was for an 829 sq ft unit on the third level that was cost $1.275 million ($1,538 psf) on June 1. In April, the project observed a record psf price high after a 1,001 sq ft unit on the 5th ground adjusted hands for $1.55 million ($1,548 psf).

The property is going to attract households, as it is in just 1km of institutions like Palm View Primary School at Compassvale Bow, North Vista Primary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 and Montfort Junior School, situated at Hougang Avenue 8.

A key lure of the residential property is its closeness to services, claims Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Mall on Compassvale Bow, a three-storey retail industry facility that opened earlier this year. The property development is 4 mins from Buangkok MRT Terminal (North-East Line) and also nearby bus stops. Orchard Road is 20 minutes distant by car via the Central Expressway (CTE), while the CBD is simply over 30 minutes away.

Jointly developed by Frasers Centrepoint Residences together with Lum Chang Team, the 99-year leasehold apartment has 9 blocks with 573 units. Units comprise a combine of two-, three- and even 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 says the unit is “well-kept” and also would require minimal renovation by the potential owner. Furthermore, the EC provides full amenities, including a club, function space, health club, swimming pool, tennis court together with a kids’ play zone.

Tembusu Grand floor plan

Esparina Residences was completed in 2013. The unit can only be bought by a Singapore local or permanent homeowner as it is still inside the 10-year time period from finish wherein title constraints utilise. An EC project is privatised from the 11th year onwards post-completion, following which international buyers and corporate companies are entitled to acquire units in the property development.

A two-bedroom unit at Esparina Residences, an executive condo unit (EC) placed near Compassvale Bow, is going to be set up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive supervisor as well as head of public auction also sales, mentions the real estate is a mortgagee sale and has an overview cost of $1.28 million. The price figures out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo will be marketed with vacant ownership and even on an “as is where is” basis.

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