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

The residential property will certainly interest families, as it is inside 1km of schools like Palm View Elementary 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 even Montfort Junior School, positioned at Hougang Avenue 8.

Esparina Residences was finished in 2013. The unit can only be acquired by a Singapore resident or long-term citizen as it is still inside the 10-year duration from finish in which ownership limitations apply. An EC assignment is privatised from the 11th year beyond post-completion, adhering to which international buyers and corporate companies are eligible to buy units in the project.

The most recent unit to adjust controls at Esparina Residences is a 1,066 sq ft condo on the sixth ground that was offered for $1.5 million ($1,408 psf) on June 16. The last purchase just before this was for an 829 sq ft unit on the third ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the property observed a record psf cost higher after a 1,001 sq ft unit on the fifth ground adjusted hands for $1.55 million ($1,548 psf).

A two-bedroom unit at Esparina Residences, an executive condominium (EC) placed along Compassvale Bow, is going to be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing supervisor and head of public auction also sales, states the property is a mortgagee sale and has an overview price of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The condo is going to be sold with available ownership and even on an “as is where is” basis.

A crucial appeal of the residential property is its closeness to services, states Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail industry facility that started earlier this year. The development is four minutes from Buangkok MRT Station (North-East Line) as well as nearby bus stops. Orchard Road is 20 minutes far by vehicle using the Central Expressway (CTE), while the CBD is just over 30 minutes apart.

Sky Eden Frasers Property

Collectively established by Frasers Centrepoint Residences together with Lum Chang Team, the 99-year leasehold apartment has nine blocks with 573 units. Units comprise a blend of two-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with sights of the pool. Tan says the unit is “well-kept” and also would call for very little remodelling by the future owner. On top of that, the EC uses complete amenities, incorporating a club, function space, gym, pool, tennis court plus a kids’ play area.

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