Bank sale of two-bedder at Esparina Residences EC for $1.28 mil
The property will interest family groups, as it is inside 1km of colleges 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 and even Montfort Junior School, positioned at Hougang Avenue 8.
The most latest unit to change controls at Esparina Residences is a 1,066 sq ft apartment on the 6th level that was offered for $1.5 million ($1,408 psf) on June 16. The final transaction just before this was for an 829 sq ft unit on the third level that was cost $1.275 million ($1,538 psf) on June 1. In April, the property saw a record psf rate greater soon after a 1,001 sq ft unit on the 5th level changed hands for $1.55 million ($1,548 psf).
Esparina Residences was completed in 2013. The unit can only be acquired by a Singapore local or permanent homeowner as it is still within the 10-year period from finalization wherein possession restrictions use. An EC job is privatised from the 11th year beyond post-completion, complying with which international buyers and also corporate companies are entitled to buy units in the development.
A two-bedroom unit at Esparina Residences, an exec condominium (EC) placed near Compassvale Bow, will be put up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing director and also head of auction also sales, mentions the property is a mortgagee sale and has a guide rate of $1.28 million. The price turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The flat is going to be sold with available possession and even on an “as is where is” basis.
Jointly developed by Frasers Centrepoint Homes and Lum Chang Group, the 99-year leasehold condo has nine blocks with 573 units. Units make up a blend of 2-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for auction is a corner unit with sights of the swimming pool. Tan points out the unit is “clean” and also would need marginal renovation by the potential proprietor. In addition, the EC supplies comprehensive establishments, incorporating a clubhouse, function space, health club, pool, tennis court and a kids’ play zone.
A vital appeal of the real estate is its closeness to amenities, states Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail industry facility that established earlier on this year. The property development is 4 minutes from Buangkok MRT Station (North-East Line) and neighboring bus stops. Orchard Road is 20 mins away by car using the Central Expressway (CTE), while the CBD is simply over half an hour apart.