Duplex penthouse at Parc Imperial for sale at $1.78 mil

An inventory of leasing data at Parc Imperial by EdgeProp Singapore shows that the apartment regulates a standard rent of $7.35 psf each month (pm). This is high compared to adjoining developments for instance, The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).

Despite the brand-new ventures, Parc Imperial commands an affordable standard selling price of concerning $1,766 psf, based upon a collection of resale caveats over the past 12 months. One unit has been marketed up until now this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

Based upon resale warnings lodged in the last 5 years, 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 adhered to by the profit of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.

At least 3 brand-new projects have emerged in the Pasir Panjang area near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a sturdy preliminary sales launch, with purchasers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was totally 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 Road. On its release day on Nov 10, 2018, it sold off 110 units (44%). The project was 98% reselled as of July last year with a typical price of $1,950 psf.

The most recent new launch in the area is the 270-unit property plan Terra Hillside. This condo situated on Yew Siang Road off Pasir Panjang Road was launched in February this year, as well as buyers grabbed 102 units (38%) more than the first deals release weekend break, establishing a typical cost of regarding $2,650 psf.

Also 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 Henderson Waves, a pedestrian connection crossing at Henderson Road. The area will certainly also go to the doorstep of the upcoming Greater Southern Waterfront, which extends around 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and also will include public and also exclusive real estate.

According to the property posting, the unit will be offered with a presenting occupancy about to expire in December 2024. The lower floor makes up a living and eating location with an adjacent terrace, kitchenette, household shelter, as well as powder room. The upper flooring makes up the en suite master bedroom, a linked outdoor veranda, and 2 separate en suite bedrooms.

Reserve Residences floor plan

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 offered for nonpublic treaty arrangement. An owner’s sale, the 1,195 sq ft unit has an overview price of $1.78 million, translating to $1,490 psf on the flooring location.

Parc Imperial is a freehold condo on Pasir Panjang Roadway. The 138-unit project was completed in 2010 by local developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connectivity in the area is through the West Coast Highway and Pasir Panjang Road.

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 business district.

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