Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
One of the most recent unit to change hands at Esparina Residences is a 1,066 sq ft condo on the 6th floor that was marketed for $1.5 million ($1,408 psf) on June 16. The final deal before this was for an 829 sq ft unit on the 3rd level that was sold for $1.275 million ($1,538 psf) on June 1. In April, the development saw a record psf rate greater soon after a 1,001 sq ft unit on the fifth level changed hands for $1.55 million ($1,548 psf).
Jointly created by Frasers Centrepoint Residences along with Lum Chang Team, the 99-year leasehold condominium has nine blocks with 573 units. Units consist of a combine of 2-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with scenery of the pool. Tan points out the unit is “clean” and also would definitely require marginal restoration by the future owner. In addition, the EC offers comprehensive amenities, featuring a club, event space, gym, swimming pool, tennis court and a youngsters’ play area.
A crucial appeal of the real property is its closeness to amenities, states Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail industry complex that started earlier this year. The project is 4 minutes from Buangkok MRT Terminal (North-East Line) as well as neighboring bus stops. Orchard Road is 20 mins away by vehicle via the Central Expressway (CTE), while the CBD is simply over half an hour away.
Esparina Residences was carried out in 2013. The unit can just be purchased by a Singapore resident or long-term citizen as it is still inside the 10-year time frame from completion wherein possession constraints apply. An EC assignment is privatised from the 11th year beyond post-completion, adhering to which international buyers and corporate organizations are qualified to acquire units in the property development.
A two-bedroom unit at Esparina Residences, an exec condo unit (EC) located around Compassvale Bow, will be raised for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive supervisor and also head of auction and sales, mentions the real estate is a mortgagee sale and has a guide rate of $1.28 million. The price turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The condo will be offered with unused ownership and even on an “as is where is” basis.
The residential property will interest households, as it is throughout 1km of schools like Palm View Primary School at Compassvale Bow, North Vista Elementary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 along with Montfort Junior School, located at Hougang Avenue 8.