Duplex penthouse at Parc Imperial for sale at $1.78 mil

Pasir Panjang delights in proximity to the well-known Mapletree Organization City at Pasir Panjang Road, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north business district.

Despite the new ventures, Parc Imperial regulates a sensible normal selling price of concerning $1,766 psf, based upon a collection of resale caveats over the previous one year. One unit has actually been offered so far this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

A duplex penthouse at Parc Imperial in District 5 will certainly be on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also readily available for nonpublic treaty arrangement. A proprietor’s sale, the 1,195 sq ft unit has a guide price of $1.78 million, equating to $1,490 psf on the flooring location.

Cape Royale showflat location

Parc Imperial is a freehold condominium on Pasir Panjang Roadway. The 138-unit property was finished in 2010 by district property developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Significant road connection in the area is through the West Coast Highway and Pasir Panjang Road.

At least three brand-new ventures have actually arised in the Pasir Panjang area close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a sturdy first sales launch, with purchasers taking up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was fully 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 launch day on Nov 10, 2018, it sold 110 units (44%). The project was 98% sold since July in 2022 with an average cost of $1,950 psf.

According to the residential property listing, the unit will be sold with an existing tenancy about to end in December 2024. The reduced floor comprises a living and food location with a surrounding terrace, kitchen space, house shelter, as well as washroom. The upper floor comprises the en suite master bedroom, a connected open-air porch, and also two different en suite bed rooms.

Also neighboring is The Southern Ridges, a 10km park which connects Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian bridge crossing at Henderson Road. The location will also be at the doorstep of the upcoming Greater Southern Waterfront, which stretches across 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang and also will certainly consist of public and exclusive real estate.

The most current brand-new launch in the location is the 270-unit freehold property Terra Hill. This condominium positioned on Yew Siang Roadway off Pasir Panjang Roadway was introduced in February this year, and also buyers snapped up 102 units (38%) more than the first sales launch weekend, establishing an ordinary cost of regarding $2,650 psf.

Based upon resell caveats lodged in the past 5 years, one of the most expensive unit that has actually 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 followed by the revenue of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

A tabulation of leasing data at Parc Imperial by EdgeProp Singapore reveals that the condominium commands an average rent of $7.35 psf per month (pm). This is high compared to adjoining developments such as The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).