Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
Esparina Residences was carried out in 2013. The unit can just be bought by a Singapore resident or permanent resident as it is still inside the 10-year duration from completion in which possession limitations apply. An EC assignment is privatised from the 11th year forwards post-completion, complying with which foreign buyers and corporate organizations are qualified to buy units in the project.
A crucial lure of the residential property is its closeness to amenities, says Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail industry complex that opened earlier this year. The property development is four minutes from Buangkok MRT Station (North-East Line) and nearby bus stops. Orchard Road is 20 minutes far by automobile by means of the Central Expressway (CTE), while the CBD is just over 30 minutes away.
The real estate will certainly attract families, 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 two-bedroom unit at Esparina Residences, an exec condominium (EC) situated near Compassvale Bow, will be set up for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive supervisor and also head of public auction also sales, states the residential property is a mortgagee sale and has a guide rate of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The flat will be marketed with unused ownership and even on an “as is where is” basis.
Collectively created by Frasers Centrepoint Homes and Lum Chang Group, the 99-year leasehold condo has nine blocks with 573 units. Units comprise a combine of 2-, 3- including four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with sights of the pool. Tan says the unit is “well-kept” and would certainly require minimal renovation by the future proprietor. In addition, the EC offers complete facilities, including a clubhouse, event space, health club, pool, tennis court and a youngsters’ play zone.
The most recent unit to change controls at Esparina Residences is a 1,066 sq ft apartment on the 6th ground that was sold for $1.5 million ($1,408 psf) on June 16. The final deal before this was for an 829 sq ft unit on the third floor that was sold for $1.275 million ($1,538 psf) on June 1. In April, the project viewed a history psf price higher soon after a 1,001 sq ft unit on the 5th floor changed hands for $1.55 million ($1,548 psf).