Duplex penthouse at Parc Imperial for sale at $1.78 mil
A tabulation of rental data at Parc Imperial by EdgeProp Singapore presents that the condominium regulates a common rental fee of $7.35 psf per month (pm). This is high compared to adjoining developments for instance, The Orient at Pasir Panjang Roadway ($5.38 psf pm), Horizon Residences at Pasir Panjang Hillside ($4.63 psf pm), and The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
Pasir Panjang enjoys closeness to the established Mapletree Service City at Pasir Panjang Road, Alexandra Technopark at Alexandra Roadway, the National University of Singapore, and also the one-north downtown.
Regardless of the brand-new projects, Parc Imperial commands an affordable average market price of about $1,766 psf, based upon a collection of resale caveats over the previous year. One unit has been marketed up until now this particular year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.
Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit property was completed in 2010 by district developer Fragrance Group. It is 200m from Haw Par Villa MRT Terminal on the Circle Line. Major road connection in the place is through the West Coast Highway and Pasir Panjang Roadway.
At the very least 3 new properties have emerged in the Pasir Panjang area close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings started to a solid first sales launch, with purchasers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Road was fully reselled by June by Oxley Holdings, followed up on The Veranda Residences’ results with its 250-unit Kent Ridge Hill Residences on South Buona Vista Roadway. On its start day on Nov 10, 2018, it marketed 110 units (44%). The project was 98% sold off since July in 2022 with an average rate of $1,950 psf.
According to the residential property posting, the unit will be marketed with a presenting occupancy about to end in December 2024. The lower floor comprises a living and food location with a nearby veranda, kitchenette, home shelter, as well as washroom. The top floor comprises the en suite master bedroom, a connected al fresco veranda, and also two separate en suite rooms.
Based upon resale warnings lodged in the last five years, one of the most expensive unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom double penthouse that was sold for $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.
Additionally nearby is The Southern Ridges, a 10km park which connects Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian bridge crossing at Henderson Road. The area will also go to the doorstep of the upcoming Greater Southern Waterfront, that stretches across 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and exclusive real estate.
A duplex penthouse at Parc Imperial in District 5 will be on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also available for nonpublic treaty negotiation. An owner’s sale, the 1,195 sq ft unit has an overview rate of $1.78 million, converting to $1,490 psf on the floor location.
One of the most current new launch in the area is the 270-unit estate plan Terra Hill. This condo situated on Yew Siang Roadway off Pasir Panjang Road was released in February this year, and customers snapped up 102 units (38%) more than the preliminary sales release weekend, setting an average price of regarding $2,650 psf.