Duplex penthouse at Parc Imperial for sale at $1.78 mil

Based on resale caveats lodged in the past 5 years, one of the most costly 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 the very least three new projects have actually emerged in the Pasir Panjang area near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid preliminary sales launch, with buyers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Roadway was completely sold off by June by Oxley Holdings, followed up on The Veranda Residences’ results with its 250-unit Kent Ridge Hill Residences on South Buona Vista Road. On its launch day on Nov 10, 2018, it sold 110 units (44%). The project was 98% reselled as of July last year with a typical price of $1,950 psf.

The most current brand-new release in the area is the 270-unit property project Terra Hillside. This residence situated on Yew Siang Roadway off Pasir Panjang Road was introduced in February this year, as well as customers got 102 units (38%) over the first sales release weekend, establishing an average price of about $2,650 psf.

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

Additionally neighboring 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 link going across at Henderson Road. The location will certainly also go to the doorstep of the upcoming Greater Southern Waterfront, that extends throughout 30km of the southern coast from Gardens by the Bay East to Pasir Panjang and will include public and private property.

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According to the real property advertisement, the unit will be marketed with an existing occupancy set to expire in December 2024. The reduced floor surface makes up a living and dining area with a surrounding porch, kitchen space, house shelter, as well as powder room. The top flooring consists of the en suite master bedroom, an attached al fresco veranda, and also 2 separate en suite rooms.

A tabulation of leasing data at Parc Imperial by EdgeProp Singapore reveals that the apartment regulates a common rent of $7.35 psf each month (pm). This is high contrasted to adjoining property developments like The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), along with The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).

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.

In spite of the new projects, Parc Imperial commands a sensible average market price of about $1,766 psf, based on a collection of resale caveats over the last 12 months. One unit has been sold thus far this year– a 398 sq ft, one-bedroom unit that delivered $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 coming public auction on June 21. The unit is also offered for nonpublic treaty arrangement. A proprietor’s sale, the 1,195 sq ft unit has an overview rate of $1.78 million, translating to $1,490 psf on the flooring area.

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