Duplex penthouse at Parc Imperial for sale at $1.78 mil
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 available for exclusive treaty settlement. An owner’s sale, the 1,195 sq ft unit has a guide price of $1.78 million, equating to $1,490 psf on the floor location.
In spite of the brand-new projects, Parc Imperial regulates a sensible standard selling price of about $1,766 psf, based on a collection of resale caveats over the past one year. One unit has been offered until now this year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
Also nearby is The Southern Ridges, a 10km park which connects Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and Henderson Waves, a pedestrian connection crossing at Henderson Road. The location will also be at the doorstep of the upcoming Greater Southern Waterfront, that stretches throughout 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang and will include public and also exclusive real estate.
At the very least 3 new projects have arised in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a sturdy first sales launch, with purchasers taking up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was completely 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 Roadway. On its release day on Nov 10, 2018, it marketed 110 units (44%). The property was 98% sold off as of July last year with a typical rate of $1,950 psf.
Parc Imperial is a freehold apartment on Pasir Panjang Road. The 138-unit project was finished in 2010 by local developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Significant road connection in the area is with the West Coast Highway and Pasir Panjang Roadway.
One of the most recent new launch in the location is the 270-unit freehold plan Terra Hill. This condo situated on Yew Siang Roadway off Pasir Panjang Roadway was introduced in February this year, and purchasers purchased 102 units (38%) over the first deals launch weekend, establishing an average cost of concerning $2,650 psf.
Pasir Panjang enjoys proximity to the established Mapletree Company City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and also the one-north business district.
A tabulation of leasing data at Parc Imperial by EdgeProp Singapore shows that the apartment regulates an average lease of $7.35 psf each month (pm). This is high contrasted to neighbouring property developments for instance, The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).
Based on resale warnings lodged in the previous five years, the most costly unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double 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) around October 2020.
According to the real property posting, the unit will be marketed with an existing occupancy set to expire in December 2024. The reduced floor surface consists of a living and food area with a surrounding porch, kitchenette, home shelter, and powder room. The top flooring consists of the en suite master bedroom, a linked outdoor terrace, and 2 different en suite bed rooms.
