Duplex penthouse at Parc Imperial for sale at $1.78 mil
Pasir Panjang delights in proximity to the well-known Mapletree Organization City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north downtown.
A tabulation of rental information at Parc Imperial by EdgeProp Singapore shows that the condo commands a standard lease of $7.35 psf per month (pm). This is high compared to neighbouring developments for instance, The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
A minimum of 3 brand-new properties have actually emerged in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a solid preliminary sales launch, with buyers taking up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was totally reselled 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 110 units (44%). The project was 98% sold off since July in 2022 with an ordinary rate of $1,950 psf.
According to the residential property advertisement, the unit will be sold with an existing tenancy set to end in December 2024. The reduced floor makes up a living and food location with a surrounding balcony, kitchenette, house shelter, and also lavatory. The top floor comprises the en suite master bedroom, an attached outdoor veranda, as well as 2 separate en suite bedrooms.
Based on resale warnings lodged in the last five years, the most costly unit that has changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was sold for $1.95 million ($1,001 psf) in December 2021. This was adhered to by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.
Additionally close-by is The Southern Ridges, a 10km park which links 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 also go to the doorstep of the upcoming Greater Southern Waterfront, that stretches throughout 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang and will certainly consist of public and private property.
Despite the new plans, Parc Imperial commands a reasonable average asking price of about $1,766 psf, based on a collection of resale caveats over the past one year. One unit has been marketed until now this year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.
A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s upcoming 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 a guide rate of $1.78 million, converting to $1,490 psf on the flooring area.
The most current new launch in the area is the 270-unit estate project Terra Hill. This condominium situated on Yew Siang Roadway off Pasir Panjang Roadway was launched in February this year, and also buyers got 102 units (38%) over the initial sales release weekend, establishing an ordinary cost of concerning $2,650 psf.
Parc Imperial is a freehold apartment on Pasir Panjang Roadway. The 138-unit project was finished in 2010 by local developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connectivity in the place is with the West Coast Freeway and Pasir Panjang Road.