Duplex penthouse at Parc Imperial for sale at $1.78 mil

The most current brand-new launch in the location is the 270-unit estate plan Terra Hillside. This condo positioned on Yew Siang Road off Pasir Panjang Road was introduced in February this year, and also purchasers grabbed 102 units (38%) over the preliminary sales launch weekend break, setting an average price of about $2,650 psf.

An inventory of rental information at Parc Imperial by EdgeProp Singapore shows that the apartment commands an average rent of $7.35 psf each month (pm). This is high compared to adjoining property developments such as The Orient at Pasir Panjang Road ($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).

Parc Imperial is a freehold condominium on Pasir Panjang Road. The 138-unit property was completed in 2010 by district property developer Fragrance Group. It is 200m from Haw Par Villa MRT Station on the Circle Line. Significant road connection in the location is with the West Coast Highway and Pasir Panjang Road.

A duplex penthouse at Parc Imperial in District 5 will certainly go on the block at Edmund Tie’s upcoming public auction on June 21. The unit is also offered for nonpublic treaty arrangement. An owner’s sale, the 1,195 sq ft unit has an overview price of $1.78 million, equating to $1,490 psf on the floor area.

According to the property advertisement, the unit will be sold with a presenting occupancy set to expire in December 2024. The lower floor surface makes up a living and eating area with a nearby veranda, kitchen space, home shelter, and washroom. The top floor consists of the en suite master bedroom, a connected outdoor veranda, and two separate en suite rooms.

Terra Hill price

Regardless of the new ventures, Parc Imperial regulates a practical standard selling price of about $1,766 psf, based on a collection of resale caveats over the past one year. One unit has actually been marketed until now this year– a 398 sq ft, one-bedroom unit that fetched $735,000 ($1,845 psf) on April 27.

Based upon resell caveats lodged in the past five years, the most pricey unit that has 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 followed by the revenue of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) around October 2020.

At the very least three new projects have actually sprung up in the Pasir Panjang location close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings established to a sturdy initial sales launch, with buyers snapping up 129 units (76%). The 170-unit property on Pasir Panjang Roadway was completely sold 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 launch day on Nov 10, 2018, it sold 110 units (44%). The property was 98% sold off since July in 2022 with a typical cost of $1,950 psf.

Likewise nearby is The Southern Ridges, a 10km park which attaches Mount Faber Park, Telok Blangah Hill Park, HortPark, Kent Ridge Park, Labrador Nature Reserve as well as Henderson Waves, a pedestrian connection crossing at Henderson Road. The area will certainly also go to the doorstep of the upcoming Greater Southern Waterfront, that extends across 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang and will consist of public and also exclusive housing.

Pasir Panjang delights in proximity to the recognized Mapletree Company City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north business district.

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