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

An essential demand of the property is its proximity to facilities, states Edmund Tie’s Tan. Esparina Residences is adjacent to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail store complex that started earlier on this year. The development is four mins from Buangkok MRT Station (North-East Line) as well as neighboring bus stops. Orchard Road is 20 mins away by vehicle using the Central Expressway (CTE), while the CBD is just over half an hour afar.

Esparina Residences was finished in 2013. The unit can simply be acquired by a Singapore resident or long-term resident as it is still within the 10-year duration from finish wherein ownership restrictions use. An EC assignment is privatised from the 11th year onwards post-completion, adhering to which overseas buyers and also corporate companies are entitled to acquire units in the development.

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The building will appeal to families, as it is throughout 1km of colleges 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.

The most recent unit to adjust controls at Esparina Residences is a 1,066 sq ft condo on the sixth floor that was sold off for $1.5 million ($1,408 psf) on June 16. The previously deal prior to this was for an 829 sq ft unit on the third floor that was cost $1.275 million ($1,538 psf) on June 1. In April, the development viewed a history psf cost greater right after a 1,001 sq ft unit on the fifth level modified hands for $1.55 million ($1,548 psf).

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

Collectively created by Frasers Centrepoint Residences and Lum Chang Group, the 99-year leasehold condo has 9 blocks with 573 units. Units make up a mix of two-, 3- and four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with sights of the pool. Tan points out the unit is “clean” and also would definitely require very little improvement by the future owner. In addition, the EC offers comprehensive facilities, incorporating a clubhouse, event space, gym, pool, tennis court together with a children’ play area.

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