Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
A vital demand of the real estate is its closeness to services, says Edmund Tie’s Tan. Esparina Residences is adjacent to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store complex that started earlier this year. The property development is four mins from Buangkok MRT Station (North-East Line) and also close-by bus stops. Orchard Roadway is 20 mins far by vehicle via 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 raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director and also head of public auction also sales, says the residential property is a mortgagee sale and has an overview cost of $1.28 million. The rate turns out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo is going to be offered with available ownership and also on an “as is where is” basis.
Esparina Residences was carried out in 2013. The unit can just be bought by a Singapore local or permanent homeowner as it is still inside the 10-year duration from finish wherein title limitations apply. An EC job is privatised from the 11th year forwards post-completion, following which foreign buyers and also corporate companies are qualified to purchase units in the development.
The real estate will attract families, as it is throughout 1km of schools like Palm View Primary 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.
Collectively created by Frasers Centrepoint Residences together with Lum Chang Group, the 99-year leasehold condo has nine blocks with 573 units. Units make up a mix of 2-, three- and four-bedders from 829 sq ft to 2,583 sq ft. The unit up for auction is a corner unit with views of the swimming pool. Tan says the unit is “clean” and would certainly need minimal restoration by the future proprietor. On top of that, the EC uses complete establishments, including a club, function space, health club, swimming pool, tennis court plus a kids’ play area.
The most recent unit to change hands at Esparina Residences is a 1,066 sq ft apartment on the sixth floor that was sold for $1.5 million ($1,408 psf) on June 16. The last transaction prior to this was for an 829 sq ft unit on the 3rd ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the property observed a log psf price higher right after a 1,001 sq ft unit on the fifth floor adjusted hands for $1.55 million ($1,548 psf).
