Duplex penthouse at Parc Imperial for sale at $1.78 mil
A tabulation of leasing information at Parc Imperial by EdgeProp Singapore reveals that the condominium regulates a common lease of $7.35 psf per month (pm). This is high contrasted to neighbouring developments such as The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
Parc Imperial is a freehold condominium on Pasir Panjang Roadway. The 138-unit venture was finished in 2010 by district developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connection in the place is via the West Coast Highway and Pasir Panjang Road.
Pasir Panjang enjoys closeness to the well established Mapletree Service City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and also the one-north downtown.
Based on resell warnings lodged in the previous five years, the most expensive unit that has changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom duplex 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) in October 2020.
A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s next public auction on June 21. The unit is also readily available for private treaty arrangement. An owner’s sale, the 1,195 sq ft unit has an overview rate of $1.78 million, translating to $1,490 psf on the floor location.
Additionally close-by is The Southern Ridges, a 10km park which connects Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and also Henderson Waves, a pedestrian link crossing at Henderson Road. The location will certainly also go to the doorstep of the upcoming Greater Southern Waterfront, that extends throughout 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and private property.
A minimum of 3 new projects have actually emerged in the Pasir Panjang area near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a strong first sales launch, with buyers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Road was fully sold off 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 release day on Nov 10, 2018, it sold 110 units (44%). The property was 98% reselled as of July last year with an ordinary price of $1,950 psf.
One of the most recent new launch in the location is the 270-unit property project Terra Hillside. This residence located on Yew Siang Roadway off Pasir Panjang Road was launched in February this year, and customers snapped up 102 units (38%) more than the first deals launch weekend break, establishing a typical price of about $2,650 psf.
According to the property listing, the unit will be sold with a presenting occupancy about to expire in December 2024. The reduced floor surface consists of a living and food location with a nearby terrace, kitchen space, house shelter, as well as washroom. The upper floor makes up the en suite master bedroom, a linked outdoor terrace, and also two different en suite bedrooms.
Despite the new plans, Parc Imperial regulates a sensible average market price of regarding $1,766 psf, based on a compilation of resale caveats over the previous 12 months. One unit has actually been marketed thus far this year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.