Duplex penthouse at Parc Imperial for sale at $1.78 mil
A tabulation of rental data at Parc Imperial by EdgeProp Singapore shows that the apartment commands a standard rent of $7.35 psf per month (pm). This is high contrasted to neighbouring developments for instance, The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm), and even The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).
Based upon resell warnings lodged in the previous 5 years, the most costly unit that has 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.
Also neighboring is The Southern Ridges, a 10km park which connects Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve and Henderson Waves, a pedestrian connection going across at Henderson Road. The location will also go to the doorstep of the upcoming Greater Southern Waterfront, which extends throughout 30km of the southerly coastline from Gardens by the Bay East to Pasir Panjang and also will consist of public and private property.
Pasir Panjang enjoys proximity 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.
In spite of the brand-new plans, Parc Imperial commands a sensible normal selling price of regarding $1,766 psf, based on a collection of resale caveats over the last year. One unit has actually been marketed so far this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.
According to the real property advertisement, the unit will be offered with an existing tenancy set to end in December 2024. The reduced floor makes up a living and dining location with a nearby terrace, kitchen space, house shelter, as well as powder room. The upper flooring makes up the en suite master bedroom, a linked open-air veranda, as well as two different en suite bedrooms.
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 negotiation. A proprietor’s sale, the 1,195 sq ft unit has a guide rate of $1.78 million, equating to $1,490 psf on the floor area.
Parc Imperial is a freehold condominium on Pasir Panjang Roadway. The 138-unit project was completed in 2010 by local property developer Fragrance Team. It is 200m from Haw Par Villa MRT Station on the Circle Line. Major road connection in the area is with the West Coast Highway and Pasir Panjang Roadway.
One of the most recent new release in the location is the 270-unit estate project Terra Hill. This residence situated on Yew Siang Roadway off Pasir Panjang Roadway was launched in February this year, and also customers got 102 units (38%) over the first sales launch weekend, setting a typical cost of regarding $2,650 psf.
At the very least 3 brand-new ventures have actually emerged in the Pasir Panjang location near Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a solid preliminary sales launch, with purchasers taking up 129 units (76%). The 170-unit property on Pasir Panjang Roadway 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 Road. On its release day on Nov 10, 2018, it marketed 110 units (44%). The property was 98% sold as of July in 2022 with a typical rate of $1,950 psf.
