Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
Esparina Residences was finished in 2013. The unit can only be purchased by a Singapore local or permanent citizen as it is still within the 10-year time period from finalization wherein possession constraints apply. An EC assignment is privatised from the 11th year beyond post-completion, adhering to which foreign buyers and corporate entities are eligible to acquire units in the property.
Collectively established by Frasers Centrepoint Residences along with Lum Chang Group, the 99-year leasehold apartment has nine blocks with 573 units. Units consist of a mix of two-, 3- including four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for public auction is a corner unit with scenery of the swimming pool. Tan states the unit is “well-kept” and also would call for minimal restoration by the future owner. Furthermore, the EC supplies full facilities, featuring a clubhouse, event area, gym, pool, tennis court plus a kids’ play area.
A two-bedroom unit at Esparina Residences, an exec condo unit (EC) placed near Compassvale Bow, will be set up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive supervisor and also head of public auction and sales, mentions the real estate is a mortgagee sale and has an overview cost of $1.28 million. The rate figures out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo is going to be marketed with unused ownership and on an “as is where is” basis.
The real estate is going to appeal to households, as it is within 1km of schools 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, found at Hougang Avenue 8.
A vital lure of the real property is its proximity to conveniences, claims Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store facility that started earlier on this year. The development is four minutes from Buangkok MRT Terminal (North-East Line) as well as close-by bus stops. Orchard Roadway is 20 minutes far by car through the Central Expressway (CTE), while the CBD is just over thirty minutes apart.
One of the most latest unit to change hands at Esparina Residences is a 1,066 sq ft condominium on the 6th ground that was sold off for $1.5 million ($1,408 psf) on June 16. The final transaction just before this was for an 829 sq ft unit on the 3rd ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the development observed a log psf price higher soon after a 1,001 sq ft unit on the fifth ground changed hands for $1.55 million ($1,548 psf).