Duplex penthouse at Parc Imperial for sale at $1.78 mil
A duplex penthouse at Parc Imperial in District 5 will be on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also readily available for private treaty arrangement. An owner’s sale, the 1,195 sq ft unit has an overview price of $1.78 million, translating to $1,490 psf on the flooring location.
Pasir Panjang enjoys proximity to the established Mapletree Business City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and the one-north downtown.
The most recent brand-new kick off in the location is the 270-unit estate property Terra Hill. This condominium positioned on Yew Siang Road off Pasir Panjang Roadway was introduced in February this year, and buyers grabbed 102 units (38%) more than the first sales release weekend break, establishing an average price of regarding $2,650 psf.
Parc Imperial is a freehold condo on Pasir Panjang Roadway. The 138-unit venture was finished in 2010 by local property developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Track. Major road connection in the location is via the West Coast Freeway and Pasir Panjang Road.
Based on resale warnings lodged in the past 5 years, the most costly unit that has changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom duplex penthouse that was cost $1.95 million ($1,001 psf) in December 2021. This was followed by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.
Additionally neighboring is The Southern Ridges, a 10km park which links Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and Henderson Waves, a pedestrian connection going across at Henderson Road. The area will also go to the doorstep of the upcoming Greater Southern Waterfront, which extends around 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and also exclusive real estate.
At the very least 3 brand-new ventures have actually emerged in the Pasir Panjang place close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a sturdy preliminary sales launch, with customers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Road was fully sold off by June by Oxley Holdings, followed up on The Veranda Residences’ victory with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its launch day on Nov 10, 2018, it marketed 110 units (44%). The project was 98% reselled as of July in 2022 with a typical cost of $1,950 psf.
In spite of the brand-new projects, Parc Imperial commands an affordable average market price of about $1,766 psf, based upon a collection of resale caveats over the last 12 months. One unit has been sold up until now this particular year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
According to the property listing, the unit will be sold with an existing tenancy about to expire in December 2024. The lower floor surface makes up a living and eating area with a nearby balcony, kitchen space, house shelter, and also washroom. The top floor consists of the en suite master bedroom, a linked open-air porch, as well as 2 different en suite rooms.
A tabulation of leasing information at Parc Imperial by EdgeProp Singapore shows that the condominium commands a common lease of $7.35 psf per month (pm). This is high contrasted to neighbouring developments for instance, 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).
