Duplex penthouse at Parc Imperial for sale at $1.78 mil
According to the residential property listing, the unit will be marketed with a presenting tenancy set to expire in December 2024. The lower floor consists of a living and food location with an adjacent terrace, kitchenette, household shelter, and powder room. The upper flooring makes up the en suite master bedroom, a connected outdoor veranda, as well as two different en suite bedrooms.
Parc Imperial is a freehold condo on Pasir Panjang Roadway. The 138-unit project was completed in 2010 by district developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connectivity in the location is via the West Coast Highway and Pasir Panjang Roadway.
The most current new kick off in the location is the 270-unit estate property Terra Hillside. This residence situated on Yew Siang Roadway off Pasir Panjang Roadway was introduced in February this year, and buyers purchased 102 units (38%) over the first deals launch weekend break, establishing an average price of regarding $2,650 psf.
A tabulation of rental information at Parc Imperial by EdgeProp Singapore shows that the apartment commands an average lease of $7.35 psf per month (pm). This is high contrasted to neighbouring property developments such as The Orient at Pasir Panjang Roadway ($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).
Based upon resale caveats lodged in the last 5 years, the most expensive unit that has actually changed hands at Parc Imperial is a 1,948 sq ft, three-bedroom duplex penthouse that was sold for $1.95 million ($1,001 psf) in December 2021. This was adhered to by the sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.
Pasir Panjang enjoys proximity to the well established Mapletree Company City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and also the one-north business district.
At least 3 brand-new projects have emerged in the Pasir Panjang area near to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid first sales launch, with buyers taking up 129 units (76%). The 170-unit project on Pasir Panjang Road was totally sold off by June by Oxley Holdings, followed up on The Veranda Residences’ success with its 250-unit Kent Ridge Hill Residences on South Buona Vista Roadway. On its launch day on Nov 10, 2018, it marketed 110 units (44%). The property was 98% sold off since July in 2022 with an average rate of $1,950 psf.
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 and also Henderson Waves, a pedestrian link going across at Henderson Road. The location will also go to the doorstep of the upcoming Greater Southern Waterfront, which stretches across 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang and will consist of public and also private real estate.
A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s next auction on June 21. The unit is also available for exclusive treaty arrangement. A proprietor’s sale, the 1,195 sq ft unit has an overview cost of $1.78 million, translating to $1,490 psf on the flooring location.
Despite the brand-new projects, Parc Imperial commands a practical standard asking price of regarding $1,766 psf, based on a collection of resale caveats over the past 12 months. One unit has been offered so far this year– a 398 sq ft, one-bedroom unit that brought $735,000 ($1,845 psf) on April 27.