Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
The property is going to attract family groups, as it is throughout 1km of schools like Palm View Primary 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 along with Montfort Junior School, positioned at Hougang Avenue 8.
A two-bedroom unit at Esparina Residences, an exec condominium (EC) situated near Compassvale Bow, will be set up for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing supervisor and head of auction and sales, mentions the property 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 surface area of 829 sq ft. The condominium is going to be sold with available ownership and on an “as is where is” basis.
Esparina Residences was carried out in 2013. The unit can simply be bought by a Singapore resident or permanent homeowner as it is still within the 10-year period from finish wherein title restrictions apply. An EC job is privatised from the 11th year onwards post-completion, following which international buyers and also corporate companies are qualified to acquire units in the project.
Collectively established by Frasers Centrepoint Residences and Lum Chang Team, the 99-year leasehold condominium has nine blocks with 573 units. Units comprise a mix of two-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with sights of the pool. Tan says the unit is “clean” and would need very little remodelling by the potential owner. In addition, the EC uses comprehensive establishments, featuring a club, event space, gym, swimming pool, tennis court and a children’ play area.
An essential appeal of the real property is its closeness to amenities, says Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail store facility that opened earlier this year. The property development is 4 minutes from Buangkok MRT Terminal (North-East Line) and close-by bus stops. Orchard Road is 20 minutes distant by car via the Central Expressway (CTE), while the CBD is just over 30 minutes away.
One of the most latest unit to change hands at Esparina Residences is a 1,066 sq ft condo on the sixth ground that was sold for $1.5 million ($1,408 psf) on June 16. The last purchase prior to this was for an 829 sq ft unit on the 3rd floor that was cost $1.275 million ($1,538 psf) on June 1. In April, the development observed a record psf price greater after a 1,001 sq ft unit on the fifth ground changed hands for $1.55 million ($1,548 psf).