Duplex penthouse at Parc Imperial for sale at $1.78 mil
Pasir Panjang enjoys distance to the well-known Mapletree Business City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and also the one-north downtown.
Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit venture was completed in 2010 by local developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Track. Major road connectivity in the location is through the West Coast Freeway and Pasir Panjang Road.
Regardless of the brand-new ventures, Parc Imperial regulates a practical average asking price of regarding $1,766 psf, based on a collection of resale caveats over the past year. One unit has actually been offered up until now this particular year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.
A duplex penthouse at Parc Imperial in District 5 will certainly be on the block at Edmund Tie’s next auction on June 21. The unit is also offered for private treaty negotiation. An owner’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, converting to $1,490 psf on the flooring location.
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 Henderson Waves, a pedestrian link crossing at Henderson Road. The area will also go to the doorstep of the upcoming Greater Southern Waterfront, that extends across 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang and will certainly include public and private housing.
At least 3 brand-new properties have actually arised in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a strong initial sales launch, with purchasers taking up 129 units (76%). The 170-unit property on Pasir Panjang Road was completely sold 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 release day on Nov 10, 2018, it sold 110 units (44%). The project was 98% sold since July in 2022 with a typical price of $1,950 psf.
Based upon resell warnings lodged in the past 5 years, one of the most costly unit that has changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was cost $1.95 million ($1,001 psf) in December 2021. This was adhered to by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.
One of the most recent brand-new kick off in the location is the 270-unit property Terra Hill. This condo positioned on Yew Siang Roadway off Pasir Panjang Road was released in February this year, as well as buyers purchased 102 units (38%) more than the preliminary sales launch weekend break, setting an ordinary price of regarding $2,650 psf.
According to the real property listing, the unit will be marketed with an existing occupancy about to end in December 2024. The lower floor surface comprises a living and dining area with a nearby terrace, kitchen space, household shelter, and lavatory. The upper floor makes up the en suite master bedroom, a connected outdoor veranda, and two different en suite rooms.
An inventory of leasing data at Parc Imperial by EdgeProp Singapore reveals that the condominium commands a common rental fee of $7.35 psf per month (pm). This is high contrasted to adjoining developments for instance, The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).