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

One of the most recent unit to adjust controls at Esparina Residences is a 1,066 sq ft condo on the sixth floor that was offered for $1.5 million ($1,408 psf) on June 16. The final transaction prior to this was for an 829 sq ft unit on the 3rd level that was cost $1.275 million ($1,538 psf) on June 1. In April, the property saw a log psf price greater soon after a 1,001 sq ft unit on the 5th ground adjusted hands for $1.55 million ($1,548 psf).

Jointly developed by Frasers Centrepoint Homes along with Lum Chang Team, the 99-year leasehold condominium has 9 blocks with 573 units. Units consist of a mix of 2-, three- and four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with scenery of the swimming pool. Tan states the unit is “well-kept” and also would certainly need very little restoration by the future proprietor. On top of that, the EC uses comprehensive facilities, including a clubhouse, event room, health club, pool, tennis court together with a youngsters’ play zone.

The building will attract family groups, as it is within 1km of colleges like Palm View Primary 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.

A crucial lure of the property is its proximity to services, says Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail industry facility that started earlier this year. The project is four mins from Buangkok MRT Station (North-East Line) and also close-by bus stops. Orchard Roadway is 20 mins away by car through the Central Expressway (CTE), while the CBD is simply over thirty minutes afar.

A two-bedroom unit at Esparina Residences, an executive condominium (EC) placed near Compassvale Bow, will be put up for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director and head of auction also sales, states the real estate is a mortgagee sale and has an overview rate of $1.28 million. The price turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The flat will be offered with available ownership and even on an “as is where is” basis.

Midtown Modern condominium

Esparina Residences was carried out in 2013. The unit can simply be acquired by a Singapore local or long-term resident as it is still inside the 10-year time period from completion wherein ownership constraints apply. An EC job is privatised from the 11th year forwards post-completion, complying with which foreign buyers and corporate companies are qualified to purchase units in the property development.

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