Duplex penthouse at Parc Imperial for sale at $1.78 mil
According to the real property advertisement, the unit will be marketed with a presenting tenancy about to end in December 2024. The reduced floor surface comprises a living and dining area with an adjacent veranda, kitchen space, home shelter, as well as washroom. The upper floor consists of the en suite master bedroom, a linked al fresco porch, and two different en suite bedrooms.
Regardless of the brand-new projects, Parc Imperial commands a sensible standard selling price of concerning $1,766 psf, based on a compilation of resale caveats over the previous one year. One unit has been sold until now this particular year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
Pasir Panjang enjoys distance to the well-known Mapletree Service City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and also the one-north downtown.
Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit venture was completed in 2010 by local developer Fragrance Group. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Major road connection in the location is with the West Coast Highway and Pasir Panjang Road.
At least 3 new properties have emerged in the Pasir Panjang area near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a solid first sales launch, with buyers taking up 129 units (76%). The 170-unit project on Pasir Panjang Road was completely reselled by June by Oxley Holdings, followed up on The Veranda Residences’ success with its 250-unit Kent Ridge Hill Residences on South Buona Vista Roadway. On its start day on Nov 10, 2018, it sold 110 units (44%). The project was 98% reselled as of July in 2022 with a typical price of $1,950 psf.
One of the most current brand-new launch in the area is the 270-unit freehold project Terra Hill. This residence positioned on Yew Siang Road off Pasir Panjang Road was launched in February this year, and buyers bought 102 units (38%) over the first sales release weekend, establishing an ordinary cost of concerning $2,650 psf.
An inventory of rental information at Parc Imperial by EdgeProp Singapore presents that the condo regulates a standard rental fee of $7.35 psf per month (pm). This is high contrasted to neighbouring property developments such as The Orient at Pasir Panjang Road ($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).
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 arrangement. A proprietor’s sale, the 1,195 sq ft unit has a guide rate of $1.78 million, equating to $1,490 psf on the floor location.
Based upon resale warnings lodged in the past five years, one of the most pricey unit that has actually 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 adhered to by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.
Likewise nearby is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian link crossing at Henderson Road. The location will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which stretches around 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and will consist of public and also private property.