Duplex penthouse at Parc Imperial for sale at $1.78 mil

Pasir Panjang enjoys distance to the established Mapletree Business City at Pasir Panjang Roadway, Alexandra Technopark at Alexandra Road, the National University of Singapore, and the one-north downtown.

Based on resell caveats lodged in the last five years, the most expensive 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 sale of a 2,304 sq ft duplex penthouse for $1.78 million ($773 psf) in October 2020.

A minimum of three brand-new projects have actually sprung up in the Pasir Panjang area close to Parc Imperial. In April 2018, The Verandah Residences by Oxley Holdings opened to a strong initial sales launch, with purchasers snapping up 129 units (76%). The 170-unit project on Pasir Panjang Road was completely reselled by June by Oxley Holdings, followed up on The Veranda Residences’ results 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% reselled since July last year with an average price of $1,950 psf.

Likewise nearby is The Southern Ridges, a 10km park which links 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 area will certainly also be at the doorstep of the upcoming Greater Southern Waterfront, which stretches across 30km of the southerly coast from Gardens by the Bay East to Pasir Panjang as well as will certainly include public and private property.

According to the residential property advertisement, the unit will be sold with an existing tenancy set to end in December 2024. The lower floor comprises a living and eating area with a nearby balcony, kitchen space, household shelter, and powder room. The top floor comprises the en suite master bedroom, an attached outdoor porch, as well as two different en suite rooms.

A duplex penthouse at Parc Imperial in District 5 will go on the block at Edmund Tie’s next auction on June 21. The unit is also offered for nonpublic treaty arrangement. A proprietor’s sale, the 1,195 sq ft unit has an overview rate of $1.78 million, converting to $1,490 psf on the floor location.

One of the most recent new release in the location is the 270-unit estate project Terra Hill. This condo positioned on Yew Siang Roadway off Pasir Panjang Roadway was launched in February this year, as well as customers purchased 102 units (38%) more than the initial sales release weekend, setting an ordinary cost of regarding $2,650 psf.

Grand Dunman floor plan

Parc Imperial is a freehold apartment on Pasir Panjang Road. The 138-unit property was finished in 2010 by local developer Fragrance Group. It is 200m from Haw Par Villa MRT Terminal on the Circle Track. Major road connection in the location is with the West Coast Freeway and Pasir Panjang Roadway.

An inventory of rental information at Parc Imperial by EdgeProp Singapore presents that the condo commands a common lease of $7.35 psf monthly (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).

In spite of the brand-new projects, Parc Imperial commands a sensible average asking price of about $1,766 psf, based on a compilation of resale caveats over the last 12 months. One unit has been offered up until now this particular year– a 398 sq ft, one-bedroom unit that delivered $735,000 ($1,845 psf) on April 27.

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