Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

The real estate is going to attract families, as it is inside 1km of institutions like Palm View Primary School at Compassvale Bow, North Vista Primary 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, situated at Hougang Avenue 8.

A key appeal of the residential property is its distance to services, says Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail complex that opened earlier this year. The development is 4 minutes from Buangkok MRT Terminal (North-East Line) and also close-by bus stops. Orchard Road is 20 minutes far by car through the Central Expressway (CTE), while the CBD is simply over half an hour apart.

Terra Hill Hoi Hup Realty and Sunway

A two-bedroom unit at Esparina Residences, an executive condo (EC) located around Compassvale Bow, will be set up for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing director and also head of auction also sales, mentions the real estate is a mortgagee sale and has an overview cost of $1.28 million. The rate figures out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condominium is going to be sold with vacant possession and on an “as is where is” basis.

Jointly established by Frasers Centrepoint Homes and Lum Chang Team, the 99-year leasehold condo has 9 blocks with 573 units. Units consist of a combine of 2-, three- and even four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with views of the swimming pool. Tan says the unit is “well-kept” and would definitely call for marginal renovation by the potential owner. On top of that, the EC provides comprehensive facilities, incorporating a clubhouse, function area, gym, swimming pool, tennis court plus a children’ play area.

One of the most latest unit to adjust controls at Esparina Residences is a 1,066 sq ft condominium on the sixth floor that was offered for $1.5 million ($1,408 psf) on June 16. The previously deal prior to this was for an 829 sq ft unit on the third ground that was cost $1.275 million ($1,538 psf) on June 1. In April, the project observed a history psf price higher after a 1,001 sq ft unit on the 5th level modified hands for $1.55 million ($1,548 psf).

Esparina Residences was completed in 2013. The unit can only be purchased by a Singapore resident or permanent resident as it is still within the 10-year duration from completion in which title constraints utilise. An EC job is privatised from the 11th year onwards post-completion, adhering to which overseas buyers and also corporate organizations are eligible to buy units in the property development.

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