Duplex penthouse at Parc Imperial for sale at $1.78 mil

A tabulation of rental data at Parc Imperial by EdgeProp Singapore reveals that the condominium commands a common lease of $7.35 psf each month (pm). This is high compared to neighbouring developments like The Orient at Pasir Panjang Road ($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).

One of the most current new launch in the location is the 270-unit estate project Terra Hillside. This condominium situated on Yew Siang Roadway off Pasir Panjang Roadway was introduced in February this year, as well as buyers got 102 units (38%) over the preliminary deals launch weekend break, establishing an average cost of regarding $2,650 psf.

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 opened to a strong first sales launch, with purchasers taking up 129 units (76%). The 170-unit project 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 launch day on Nov 10, 2018, it sold off 110 units (44%). The property was 98% sold since July in 2022 with an average price of $1,950 psf.

According to the property advertisement, the unit will be offered with an existing tenancy about to expire in December 2024. The lower floor makes up a living and food area with a nearby veranda, kitchenette, household shelter, and powder room. The top flooring consists of the en suite master bedroom, a linked al fresco porch, and also 2 separate en suite rooms.

Based upon resell caveats lodged in the last five years, one of 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 followed by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

Pasir Panjang enjoys proximity to the well-known Mapletree Company City at Pasir Panjang Road, Alexandra Technopark at Alexandra Road, the National University of Singapore, and also the one-north business district.

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Additionally close-by is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and also Henderson Waves, a pedestrian bridge going across at Henderson Road. The location will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which stretches across 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and will certainly consist of public and also private real estate.

In spite of the new ventures, Parc Imperial regulates a reasonable standard asking price of concerning $1,766 psf, based on a collection of resale caveats over the previous one year. One unit has been sold thus far this year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.

Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit venture was finished in 2010 by local property developer Fragrance Team. It is 200m from Haw Par Villa MRT Terminal on the Circle Line. Major road connection in the area is via the West Coast Freeway and Pasir Panjang Road.

A duplex penthouse at Parc Imperial in District 5 will certainly be on the block at Edmund Tie’s coming auction on June 21. The unit is also readily available for nonpublic 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.

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