Duplex penthouse at Parc Imperial for sale at $1.78 mil
An inventory of rental information at Parc Imperial by EdgeProp Singapore reveals that the condo commands an average lease of $7.35 psf monthly (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 Hill ($4.03 psf pm).
A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s next public auction on June 21. The unit is also readily available for private treaty settlement. A proprietor’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, translating to $1,490 psf on the floor area.
According to the property posting, the unit will be marketed with an existing occupancy about to expire in December 2024. The lower floor comprises a living and eating location with an adjacent balcony, kitchen space, household shelter, and powder room. The top flooring comprises the en suite master bedroom, a linked open-air porch, and 2 separate en suite rooms.
Likewise nearby is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian connection crossing at Henderson Road. The area will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which stretches across 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang as well as will consist of public and also exclusive property.
The most current brand-new launch in the area is the 270-unit estate project Terra Hillside. This condominium positioned on Yew Siang Road off Pasir Panjang Road was launched in February this year, and buyers grabbed 102 units (38%) over the first sales release weekend break, setting a typical price of regarding $2,650 psf.
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 the one-north downtown.
At least three brand-new properties have actually sprung up in the Pasir Panjang location near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a strong initial sales launch, with buyers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Road was fully sold by June by Oxley Holdings, followed up on The Veranda Residences’ success 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% sold off since July in 2022 with an ordinary cost of $1,950 psf.
Regardless of the new ventures, Parc Imperial regulates a reasonable standard market price of regarding $1,766 psf, based on a collection of resale caveats over the previous 12 months. One unit has actually been marketed up until now 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 completed in 2010 by local developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Track. Major road connection in the location is through the West Coast Highway and Pasir Panjang Road.
Based on resell caveats lodged in the past 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 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.
