Duplex penthouse at Parc Imperial for sale at $1.78 mil
Regardless of the new plans, Parc Imperial commands a reasonable standard market price of concerning $1,766 psf, based upon a compilation of resale caveats over the last one year. One unit has actually been offered so far this year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
Pasir Panjang delights in closeness to the well established Mapletree Organization City at Pasir Panjang Road, Alexandra Technopark at Alexandra Road, the National University of Singapore, and also the one-north business district.
Based on resale warnings lodged in the last 5 years, one of the most expensive unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was sold for $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) around October 2020.
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 readily available for exclusive treaty settlement. A proprietor’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, translating to $1,490 psf on the flooring location.
A minimum of 3 brand-new properties have actually emerged in the Pasir Panjang place near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a solid initial sales launch, with buyers taking up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was completely sold 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% sold as of July in 2022 with an ordinary price of $1,950 psf.
According to the property posting, the unit will be offered with a presenting tenancy set to expire in December 2024. The reduced floor makes up a living and dining location with an adjacent veranda, kitchenette, house shelter, and also powder room. The upper flooring makes up the en suite master bedroom, a connected outdoor porch, and 2 separate en suite bedrooms.
The most recent brand-new release in the area is the 270-unit freehold project Terra Hill. This condominium located on Yew Siang Roadway off Pasir Panjang Roadway was released in February this year, as well as customers got 102 units (38%) over the initial sales launch weekend, establishing an ordinary cost of about $2,650 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 as well as Henderson Waves, a pedestrian connection crossing at Henderson Road. The location will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which extends around 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and private housing.
A tabulation of rental information at Parc Imperial by EdgeProp Singapore reveals that the apartment commands a standard lease of $7.35 psf monthly (pm). This is high compared to neighbouring developments like The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
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 Station on the Circle Track. Significant road connection in the place is through the West Coast Highway and Pasir Panjang Roadway.