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

A two-bedroom unit at Esparina Residences, an executive condo unit (EC) situated around Compassvale Bow, is going to be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director and head of auction also sales, mentions the property is a mortgagee sale and has an overview rate of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo will be sold with unused possession and on an “as is where is” basis.

One of the most current unit to shift controls at Esparina Residences is a 1,066 sq ft flat on the 6th ground that was marketed for $1.5 million ($1,408 psf) on June 16. The previously deal before this was for an 829 sq ft unit on the 3rd level that was cost $1.275 million ($1,538 psf) on June 1. In April, the project viewed a record psf cost higher soon after a 1,001 sq ft unit on the fifth floor adjusted hands for $1.55 million ($1,548 psf).

Collectively created by Frasers Centrepoint Residences together with Lum Chang Team, the 99-year leasehold apartment has 9 blocks with 573 units. Units comprise a blend of 2-, three- and even four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with scenery of the swimming pool. Tan points out the unit is “well-kept” and also would call for minimal remodelling by the future owner. Additionally, the EC uses complete facilities, featuring a clubhouse, function area, gym, swimming pool, tennis court and a youngsters’ play zone.

Cape Royale showflat location

Esparina Residences was carried out in 2013. The unit can only be purchased by a Singapore resident or long-term resident as it is still inside the 10-year time period from completion wherein title limitations apply. An EC job is privatised from the 11th year onwards post-completion, following which overseas buyers and also corporate organizations are eligible to acquire units in the project.

The residential property will interest families, as it is within 1km of colleges like Palm View Primary 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 along with Montfort Junior School, situated at Hougang Avenue 8.

An essential appeal of the property is its closeness to amenities, claims Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store complex that established earlier this year. The development is 4 mins from Buangkok MRT Station (North-East Line) as well as neighboring bus stops. Orchard Road is 20 mins away by car using the Central Expressway (CTE), while the CBD is just over thirty minutes apart.