Duplex penthouse at Parc Imperial for sale at $1.78 mil

According to the real property posting, the unit will be marketed with a presenting occupancy about to expire in December 2024. The lower floor makes up a living and eating location with a nearby balcony, kitchenette, house shelter, as well as powder room. The upper floor consists of the en suite master bedroom, an attached al fresco terrace, as well as 2 different en suite rooms.

A minimum of 3 brand-new ventures have actually sprung up in the Pasir Panjang place near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a strong preliminary sales launch, with buyers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Road was fully reselled by June by Oxley Holdings, followed up on The Veranda Residences’ results with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its start day on Nov 10, 2018, it sold off 110 units (44%). The project was 98% sold as of July last year with an ordinary cost of $1,950 psf.

Parc Imperial is a freehold apartment on Pasir Panjang Roadway. The 138-unit property was completed in 2010 by local property developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Significant road connection in the area is via the West Coast Highway and Pasir Panjang Road.

A duplex penthouse at Parc Imperial in District 5 will be on the block at Edmund Tie’s coming public auction on June 21. The unit is also available for exclusive treaty arrangement. An owner’s sale, the 1,195 sq ft unit has an overview price of $1.78 million, converting to $1,490 psf on the floor area.

Pasir Panjang enjoys closeness to the well established Mapletree Organization City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north downtown.

Sky Eden condominium

Based on resale caveats lodged in the previous 5 years, the most costly 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 followed by the revenue of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

The most current brand-new release in the area is the 270-unit estate property Terra Hillside. This condominium situated on Yew Siang Road off Pasir Panjang Roadway was launched in February this year, and purchasers grabbed 102 units (38%) over the first sales launch weekend break, setting an average price of concerning $2,650 psf.

An inventory of leasing data at Parc Imperial by EdgeProp Singapore presents that the apartment commands a standard lease of $7.35 psf per month (pm). This is high contrasted to adjoining developments such as The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).

Despite the new projects, Parc Imperial commands a practical average asking price of regarding $1,766 psf, based upon a compilation of resale caveats over the past year. One unit has actually been offered up until now this year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

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 and also Henderson Waves, a pedestrian connection crossing at Henderson Road. The location will also go to the doorstep of the upcoming Greater Southern Waterfront, that extends around 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang and will include public and also private property.

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