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

The real estate will certainly attract households, as it is within 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 along with Montfort Junior School, located at Hougang Avenue 8.

A key appeal of the property is its closeness to amenities, states Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store facility that started earlier on this year. The property development is 4 mins from Buangkok MRT Terminal (North-East Line) as well as neighboring bus stops. Orchard Road is 20 minutes distant by vehicle via the Central Expressway (CTE), while the CBD is simply over 30 minutes apart.

Jointly established by Frasers Centrepoint Homes together with Lum Chang Team, the 99-year leasehold apartment has nine blocks with 573 units. Units make up a combine of two-, 3- and four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with sights of the swimming pool. Tan states the unit is “well-kept” as well as would require marginal renovation by the future owner. Furthermore, the EC supplies comprehensive facilities, including a club, event area, fitness center, swimming pool, tennis court plus a kids’ play area.

A two-bedroom unit at Esparina Residences, an executive condominium (EC) located along Compassvale Bow, is going to be put up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director and head of public auction and sales, states the residential property is a mortgagee sale and has a guide cost of $1.28 million. The price figures out to $1,544 psf on the unit’s floor area of 829 sq ft. The condominium will be sold with unused ownership and on an “as is where is” basis.

Klimt Cairnhill Low Keng Huat

Esparina Residences was finished in 2013. The unit can just be acquired by a Singapore resident or long-term resident as it is still inside the 10-year time frame from completion in which title limitations use. An EC assignment is privatised from the 11th year onwards post-completion, following which foreign buyers and corporate companies are eligible to purchase units in the property.

One of the most latest unit to change controls at Esparina Residences is a 1,066 sq ft flat on the 6th floor that was sold off for $1.5 million ($1,408 psf) on June 16. The last transaction before this was for an 829 sq ft unit on the 3rd ground that was cost $1.275 million ($1,538 psf) on June 1. In April, the property saw a record psf cost greater soon after a 1,001 sq ft unit on the fifth ground modified hands for $1.55 million ($1,548 psf).


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