Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

The real estate will certainly appeal to families, as it is throughout 1km of institutions like Palm View Elementary School at Compassvale Bow, North Vista Primary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 and Montfort Junior School, located at Hougang Avenue 8.

Esparina Residences was carried out in 2013. The unit can simply be purchased by a Singapore local or long-term citizen as it is still inside the 10-year time period from finish in which possession restrictions apply. An EC job is privatised from the 11th year beyond post-completion, adhering to which international buyers and corporate entities are qualified to acquire units in the property.

The most current unit to shift hands at Esparina Residences is a 1,066 sq ft condominium on the sixth floor that was offered for $1.5 million ($1,408 psf) on June 16. The last deal before this was for an 829 sq ft unit on the third ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the property observed a history psf cost higher soon after a 1,001 sq ft unit on the fifth ground modified hands for $1.55 million ($1,548 psf).

Hill House floor plan

Collectively established by Frasers Centrepoint Homes along with Lum Chang Group, the 99-year leasehold condominium has nine blocks with 573 units. Units make up a combine of 2-, 3- and four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with views of the swimming pool. Tan points out the unit is “well-kept” as well as would need minimal renovation by the future owner. Furthermore, the EC provides comprehensive establishments, featuring a club, function room, gym, pool, tennis court together with a youngsters’ play zone.

A two-bedroom unit at Esparina Residences, an executive condominium (EC) placed around Compassvale Bow, will be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director as well as head of public auction also sales, states the residential property is a mortgagee sale and has an overview rate of $1.28 million. The price figures out to $1,544 psf on the unit’s floor area of 829 sq ft. The apartment is going to be marketed with unused possession and on an “as is where is” basis.

A key appeal of the real estate is its proximity to amenities, says Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail industry facility that established earlier on this year. The development is 4 minutes from Buangkok MRT Terminal (North-East Line) and also neighboring bus stops. Orchard Roadway is 20 minutes away by car via the Central Expressway (CTE), while the CBD is just over half an hour apart.

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