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

Esparina Residences was finished in 2013. The unit can only be purchased by a Singapore resident or permanent resident as it is still within the 10-year period from finalization in which possession limitations apply. An EC job is privatised from the 11th year beyond post-completion, adhering to which international buyers and also corporate organizations are qualified to purchase units in the property.

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A two-bedroom unit at Esparina Residences, an executive condo unit (EC) situated along Compassvale Bow, will be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive supervisor and also head of public auction and sales, states the real estate is a mortgagee sale and has an overview rate of $1.28 million. The price works out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo is going to be offered with vacant ownership and on an “as is where is” basis.

Jointly created by Frasers Centrepoint Residences along with Lum Chang Team, the 99-year leasehold apartment has nine blocks with 573 units. Units make up a blend of 2-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for auction is a corner unit with scenery of the swimming pool. Tan states the unit is “well-kept” and would definitely need minimal improvement by the potential owner. Additionally, the EC supplies comprehensive amenities, incorporating a clubhouse, function space, health club, pool, tennis court plus a kids’ play area.

A key lure of the residential property is its distance to facilities, claims Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store facility that started earlier this year. The property development is four mins from Buangkok MRT Station (North-East Line) and close-by bus stops. Orchard Road is 20 minutes away by vehicle through the Central Expressway (CTE), while the CBD is simply over 30 minutes away.

One of the most recent unit to shift controls at Esparina Residences is a 1,066 sq ft condominium on the 6th level that was sold for $1.5 million ($1,408 psf) on June 16. The final purchase prior to this was for an 829 sq ft unit on the third floor that was sold for $1.275 million ($1,538 psf) on June 1. In April, the development viewed a log psf rate greater after a 1,001 sq ft unit on the fifth floor adjusted hands for $1.55 million ($1,548 psf).

The building will certainly interest family groups, as it is inside 1km of schools like Palm View Elementary School at Compassvale Bow, North Vista Elementary 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, situated at Hougang Avenue 8.

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