Duplex penthouse at Parc Imperial for sale at $1.78 mil
The most current brand-new launch in the area is the 270-unit property plan Terra Hill. This residence positioned on Yew Siang Roadway off Pasir Panjang Roadway was released in February this year, and customers purchased 102 units (38%) more than the preliminary deals launch weekend, establishing a typical price of concerning $2,650 psf.
A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s upcoming auction on June 21. The unit is also offered for nonpublic treaty settlement. A proprietor’s sale, the 1,195 sq ft unit has a guide rate of $1.78 million, translating to $1,490 psf on the floor area.
Despite the brand-new plans, Parc Imperial regulates a sensible normal asking price of concerning $1,766 psf, based on a compilation of resale caveats over the previous 12 months. One unit has actually been sold so far this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.
Additionally close-by is The Southern Ridges, a 10km park which connects 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 location will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, that extends throughout 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang as well as will consist of public and exclusive housing.
Based on resale warnings lodged in the past five years, the most pricey unit that has actually 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 adhered to by the revenue of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.
According to the residential property posting, the unit will be marketed with a presenting tenancy set to end in December 2024. The lower floor makes up a living and food area with a nearby balcony, kitchen space, house shelter, and also powder room. The upper floor comprises the en suite master bedroom, a linked al fresco porch, as well as two different en suite bed rooms.
An inventory of rental information at Parc Imperial by EdgeProp Singapore presents that the condo commands a common rent of $7.35 psf each month (pm). This is high contrasted to adjoining property 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).
Pasir Panjang delights in closeness to the well established Mapletree Business City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, as well as the one-north business district.
Parc Imperial is a freehold condominium on Pasir Panjang Roadway. The 138-unit property was finished in 2010 by district property developer Fragrance Group. It is 200m from Haw Par Villa MRT Terminal on the Circle Line. Significant road connectivity in the location is with the West Coast Freeway and Pasir Panjang Roadway.
At the very least 3 brand-new properties have actually arised in the Pasir Panjang place near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid preliminary sales launch, with customers taking 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 Roadway. On its release day on Nov 10, 2018, it sold off 110 units (44%). The property was 98% reselled as of July in 2022 with a typical rate of $1,950 psf.