Straits Times – Private home prices jump by 3.1% in first quarter of 2018
Singapore housing market has always been attractive for investment due to the high demand of land it has as well as the great quality of the developments which is why many investors choose to put their money in this country.
In this country there are new developments each year and some are better suited for investment than others, due to the location, future plans of the district they are in and other various reasons.
One of these condos is Parc Esta condo, which was formerly known as Eunosville, a HUDC estate that has been the prime residential location along Sims Avenue and Changi Road.
|Region||Rest of Central Region|
|District||D14 Geylang, Eunos|
|Address||Sims Avenue, Singapore|
|Developer||MCL Land Limited|
|No. Of Units||Approximately 1399 Units|
|Site Area||Approximately 376, 712 sqft|
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It is under the developer MCL Land, who acquired the property in a collective sale investing more than $750 million, towards the end of 2017.
The previous residents (property owners of Eunosville units) saw a huge improvement in profits with this, having gotten an impressive 19% increase in the final selling price.
Besides all that purchasing land matter, you should know that Parc Esta is located in a well established estate, with an area that extends for more 350,000 square feet. Also check my personal Parc Esta Review
An attractive feature of Parc Esta in Singapore is that it is very conveniently located in the Eastern Region of Singapore, which is one of the largest residential sites in Eunos, presenting a great opportunity for investors because of its growth potential.
Parc Esta Condo will most likely have around 1400 units for sale, some might say this is a large number but when an investment is good, the number of units runs out fast, so beware of this when you decide to purchase.
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Condos That Are Near To Popular Schools
This PDF is especially useful for people with children and students as it will allow them to find incredible Condo’s located less than 1km from the top schools in Singapore.
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Parc Esta address is 838 Sims Avenue Singapore 400838, if you look it up it is a great location close to almost everything you could possibly need. Parc Esta have Wide range of amenities.
To start this segment we have to tell you that just a short drive away from Parc Esta you can find the popular East Coast Road where there is a supermarket, various F&B outlets, and shops with various items that cater to the needs of residents and visitors alike.
Another great place nearby Parc Esta can be found if you take another short drive from Parc Esta towards the Marine Parade Town Centre which can easily be called the heartland of food, market and retails.
This area is home to the vastly popular, Parkway Parade Shopping Centre which is always full of shoppers from everywhere in the world walking around the stores at any given hour of the day.
Apart from shops and retail, this huge shopping center in 112 Katong also has a very good variety of dining and entertainment options available.
Parc Esta is also just a short drive away from many local and popular eateries serving the delicious food the residents of the area like the most.
If you are a fan of outdoor activities, Parc Esta might be the perfect option for you.
You would get to live within proximity of the Kallang Riverside Park as well as the East Coast Park. These parks are not only suitable for children and families, but also for the individual looking to enjoy water sports, jogging, or a simple cycling path inside.
You can also opt for a membership of many different clubs that are located in the vicinity. These include Geylang Stadium, Badminton Hall, Kallang Squash and Tennis Centre, Kallang Netball Centre, Singapore Swimming Club, Singapore Cricket Association, along with the PWD Sports Club.
As we mentioned earlier, having MRT stations so close gives the residents easy access to the Singapore Sports Hub.
Regarding the education, Parc Esta is near the Eunos Primary School, as well as the Haig Girls School.
For the children in a young age Parc Esta is also in close proximity of Tanjong Katong Primary School, CHIJ Primary School, as well as the Telok Kurau Primary School.
Among the other options we have the international schools, which are the Canadian International School and Chatsworth International School both of which provide international standard education.
Condos That Are Near to MRT Stations
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Some Great news about Parc Esta
“Eunos, Singapore – July 23, 2018 – Era Realty Network Pte Ltd is thrilled to announce the launch of “Parc Esta” a brand new condominium located in district 14 of Singapore.
Parc Esta is a new project along Sims Avenue, Eunos area, a very convenient area in Singapore as it is situated right opposite Eunos MRT and it is only 6 MRT stops to town.
This is a 99 years leasehold project to be built on the former Eunosville HUDC, where it was sold to developer, MCL Land, via collective sales in June 2017.
The project, which is directly opposite from Eunos MRT, is very convenient for prospective residents and is also noted for great commercial activities.
Parc Esta is strategically located and has a big land size, sited on a rare piece of land of the former Eunosville HUDC that was privatised in July 2011, which is uncommon to be found in the city fringe area.
It presents a very good opportunity for both investors and buyers who are looking to buy it as their homes to stay, due to the fact that Eunos MRT is right opposite to the development, its proximity to Paya Lebar Sub-Regional Centre, and also the short travelling time one needs to go to city, which is directly connected by the train station.
With the Government policy to decentralise the central business district to suburban area by coming up with Regional Centres so as to bring jobs closer to homes, Parc Esta is set to benefit greatly with Paya Lebar Sub Regional Centre just one stop away.
“As it is, Paya Lebar is already a well established area with MRT station connected via the East West Line and Circle Line, and this area is home to various commercial buildings which houses SMEs and MNCs.
In the next few years, we can see the completion of Paya Lebar Quaters, a huge mixed development by Lendlease, which consists of 2 office buildings, a shopping mall and blocks of residential apartments, named as Park Place Residences” says a statement on ERA Realty Network Pte Ltd website.
“The location is good for comfort, convenience, privacy, and commercial activities”, it added.
Analyst from consultancy firm, CBRE, estimated that Parc Esta Price could be selling at about $1,700 psf to $1,750 psf averagely, and with the residential units of Park Place Residences selling at an average of $2000 psf per, Parc Esta will be a very attractive investment, as it is only one train stop away from Paya Lebar, and yet, potentially much cheaper.
The floor plan will most likely consist of 1 to 5 bedroom apartment unit and strata landed houses to cater to families of various demographic with the assurance that the layout will be efficient and landscaping will be beautifully done. It should cater well to people who dislike the hustle and bustle of a CBD like area, and yet have all the amenities just a stone throw away. “
Company Name: ERA Realty Network Pte Ltd