Duplex penthouse at Parc Imperial for sale at $1.78 mil

Pasir Panjang delights in proximity to the established Mapletree Business City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and also the one-north downtown.

Regardless of the new projects, Parc Imperial commands a reasonable standard selling price of concerning $1,766 psf, based upon a compilation of resale caveats over the past one year. One unit has actually been sold thus far this year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.

According to the property listing, the unit will be offered with a presenting occupancy set to end in December 2024. The lower floor consists of a living and dining location with a surrounding balcony, kitchen space, household shelter, as well as lavatory. The upper floor comprises the en suite master bedroom, a connected outdoor porch, and two separate en suite rooms.

Pasir Ris 8 Allgreen Properties Limited

A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s coming auction on June 21. The unit is also readily available for nonpublic treaty negotiation. An owner’s sale, the 1,195 sq ft unit has an overview price of $1.78 million, equating to $1,490 psf on the flooring area.

Also nearby is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and also Henderson Waves, a pedestrian link going across at Henderson Road. The location will certainly also go to the doorstep of the upcoming Greater Southern Waterfront, that stretches across 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and also will include public and also private real estate.

Based upon resale warnings lodged in the past 5 years, one of the most costly unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was sold for $1.95 million ($1,001 psf) in December 2021. This was adhered to by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.

The most recent new launch in the area is the 270-unit estate project Terra Hill. This residence positioned on Yew Siang Road off Pasir Panjang Roadway was introduced in February this year, and purchasers got 102 units (38%) more than the initial deals release weekend break, setting an ordinary price of regarding $2,650 psf.

An inventory of rental data at Parc Imperial by EdgeProp Singapore shows that the condominium commands an average rental fee of $7.35 psf each month (pm). This is high contrasted to adjoining property developments such as The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).

A minimum of 3 brand-new properties have actually arised in the Pasir Panjang area near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a strong first sales launch, with customers taking up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was totally sold off by June by Oxley Holdings, followed up on The Veranda Residences’ success with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its launch day on Nov 10, 2018, it sold 110 units (44%). The property was 98% sold as of July in 2022 with an ordinary price of $1,950 psf.

Parc Imperial is a freehold condo on Pasir Panjang Road. The 138-unit project was completed 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 via the West Coast Highway and Pasir Panjang Roadway.

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