Duplex penthouse at Parc Imperial for sale at $1.78 mil

According to the property posting, the unit will be offered with a presenting tenancy set to expire in December 2024. The reduced floor makes up a living and eating area with an adjacent porch, kitchen space, home shelter, as well as lavatory. The upper flooring comprises the en suite master bedroom, a linked al fresco porch, as well as two separate en suite bedrooms.

Pasir Panjang delights in distance to the recognized Mapletree Organization City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and the one-north downtown.

Midtown Bay condominium

A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also available for private treaty arrangement. An owner’s sale, the 1,195 sq ft unit has a guide price of $1.78 million, converting to $1,490 psf on the floor location.

Despite the brand-new projects, Parc Imperial regulates a reasonable average selling price of concerning $1,766 psf, based upon a collection of resale caveats over the past year. One unit has actually been marketed until now this year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

At the very least 3 brand-new ventures have actually sprung up in the Pasir Panjang place near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a sturdy first sales launch, with buyers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Road was totally 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 Road. On its start day on Nov 10, 2018, it sold off 110 units (44%). The project was 98% sold off as of July last year with an ordinary rate of $1,950 psf.

Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit property was finished in 2010 by district developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connectivity in the place is through the West Coast Freeway and Pasir Panjang Roadway.

The most recent new release in the location is the 270-unit property Terra Hillside. This condo located on Yew Siang Road off Pasir Panjang Road was released in February this year, and customers bought 102 units (38%) more than the initial deals launch weekend break, establishing an ordinary cost of regarding $2,650 psf.

Also nearby 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 area will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which extends throughout 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang and also will consist of public and private real estate.

Based upon resale caveats lodged in the last 5 years, one of the most pricey unit that has 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 sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

An inventory of rental data at Parc Imperial by EdgeProp Singapore presents that the apartment commands a common rent of $7.35 psf per month (pm). This is high contrasted to neighbouring developments for instance, The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hillside ($4.03 psf pm).

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