Parc Esta

by | May 26, 2023

A sudden surge in condo sales that took place in July seems to be prompted by a lot of commercial sales that happened.

Moreover, analysts hope that these commercial sales will heal the MCL is the developer loper that has 99-year leasehold over Parc Esta, winning it at a S$ 765.78 million-bid in the biggest collective sale up until that point.

The rise is something that hasn’t been witnessed in the past sixteen months and therefore many developers experienced bettering in July, and one of them is MCL, the magicians behind Parc Esta.

They have a respectable portfolio of building homes all over Singapore and Malaysia for over 50 years as a part of Jardine Matheson Group under Hong Kong Holdings.

Its 1399 units are located on a 34,99708 cubic meter site plan. Their unit mix offers everything from1-bedroom to 5 – bedroom apartments.

Parc Esta Fact sheet

Project Name Parc Esta
Developer MCL Land (Everbright) Pte Ltd
Developer Sales Hotline 65 6100 6150
Est Indicative Selling Price average $16xx psf
Type of Development Residential Highrise
Address 900 Sims Avenue
Postal District 14
Tenure 99 Years Leasehold
Land Area Approx 376,716,32 sq ft (34,997.8 sq m)
Max Gross Floor Area 1,054,796 sqft.
Gross Plot Ratio 2.8
No. Of Towers
No. Of Units 1,399 residential units and 5 shop units
Bedroom Allocation 1 bedroom – 5 bedroom
Expected TOP 31 December 2022
Description Parc Esta condo is a 1399 units of 1-5 bedrooms 99 years leasehold, located at 900 Sims Avenue, devevloped by MCL Land (Everbright) Pte Ltd

Parc Esta Location

Parc Esta finds itself between two arterial streets of Singapore such as Sims Avenue and Changi road.

The latter is especially important to talk about because it has many different ‘tributary’ or side roads which will further connect you to other parts of Singapore.

Some of those roads are Lorong Changi 108, 106, 105 and Everitt Road. They further lead to the Lqngsat Road.

When we take a satellite view we can also see that Sims Avenue, the Changi Road and the Everitt Road are interested by the Still Road, another crucial Singaporean street.

All of this just goes to say how easily accessible Parc Esta is.

Whichever side you take, you will be able to reach this wonderful living destination.

Nearest MRT Stations

Parc Esta is maybe among the best properties when it comes to its proximity to MRT’s.

The first one we have to mention is Eunos MRT to which you need just nine minutes on foot.

This is as above-ground station constructed along the East West Line, mostly used by the citizens of Eunos, Geylang Serai, Joo Chiat Telok Gurau and partly Kembangan.

It stands out because of its characteristic Malay architecture with pyramid-like roofs.

Another MRT that has to be noted is Paya Lebar.

Not only does this region offer great exquisite places for you to spend your leisure time, but it also has a station whose outreach will take you to every place in Singapore.

This is a crucial transport node and an interchange station that connects East-West Line and Circle Line Stage 2.

By bus, it takes only fourteen minutes to reach it, and you have a wide array of options that will drive you there such as busses 2,7,13, 21, 51, 67 and 7A.

This is another well-equipped station that has both stairs and lifts to take you to the concourse below.

Parc Esta walking distance to Eunos MRT

Parc Esta bus distance to Kembangan MRT

Kembangan MRT is another vital station worth considering.

This is an above-ground station buily over the Siglap Canal.

Sitting on the East West Line, it is most frequently used by residents of estates such as Kembangan, Siglap amd Telok Kurau.

This is a very spacious station with a barrel vault roof design that helps you to be better oriented there.

Fans of ill keep you cool as you approach your platform or look for the retail shops or an emergency toilet.

The Raffles Place is only 14 min drive-away by car.

This MRT is situated in what is now known as the business centre of Singapore.

It is self-explanatory why this is significant: if you’re employed there you can always be on time for work, but you can also scout for a new job , search for new job opportunities, business partners or simply ideas.

This area also hides a lot of touristically interesting things.

Firstly, people who love enjoying spectacular views, they are free to visit the 28th floor of UOB Plaza One.

Then there is the Raffles Hotel with along and rich history that started in the 19th century.

Along with boutiques and restaurants and, of course, extravagant rooms, they also have a museum that is a must for all the ones that are in love with antiques.

In addition to this, you should also pay a visit to the Victorian style theatre, numerous spas and courtyards. Finally, don’t miss out on that Singapore Sling!

Parc Esta Developer

MCL is the one responsible for the Parc Esta project.

they have been out there in Malaysia and Singapore for half a decade buying the best land and turning it into the most imposing and futuristic living space in the world.

They are a part of Hong Kong Land Holdings and they conducted plenty of big projects such as Lake Ville, J Gateway, Hallmark Residences, Ripple Bay etc.

They are so influential that they are listed under Singapore Stock Exchange

Hallmark Residences dvelope by MCL

Lakeville project done by MCL

Parc Esta Floor Plan

Parc Esta Floor Plan

Parc Esta Amenities

Singapore Post Centre is nearby and will amaze you with its grandeur.

It looks like a spaceship and android definitely doesn’t look like posts you have probably seen.

It takes only five minutes down the Changi Road and one one turn at the Seran Market in Geylang.

This building is a feast for eyes even when you don’t have any business to finish there.

If you get hungry, Parc Esta area is just in the right place.

There are myriads of restaurants nearby.

You can go to Artisan’s Boulangerie that offers many signature breakfasts, sandwiches coofees and coffee and even kids menus, or try burgers in Baba Chew’s bar.

Other restaurants we could recommend are Golden Jade Restaurant, Tang Ser Seng Herbs Restaurant, Tonny Restaurant and G7 Live Seafood and G7 Frog Porridge Restaurant.

There are also some significant religious sites such as Masjid Darul Aman with traditional Malay architecture as well as Mangala Vihara Buddhist Temple with the Golden Buddha statue just across the street.

Kembangan locates worship places such as Dhammasukha Memorial Hall, Mongkol Dharm Centre, The Buddhist Union etc.

Recreation is also something you can find in the vicinity of Parc Esta.

Malay Village is there to give you treat you with the best of what nature can give.

This village showcases the style of living of kampung  during 50s and 60s embedded in greenery.

Now, you are unfortunately to witness that lifestyle live but there are a lot of museums and preserved kedai (wooden shops from that time), that can tell you the story of old Malay Culture.

Parc Esta near singapore post centre

Parc Esta near paya lebar mrt

Parc Esta near Parkway Parade

Parc Esta near park place mall

Parc Esta near one km mall

Parc Esta near NTUC FairPrice

Parc Esta near kembangan mrt

Parc Esta near joo chiat complex

Parc Esta near Geylang Serai Market

Parc Esta near Eunos MRT

Parc Esta near Cold Storage Paragon

Parc Esta near Baba Chews Bar and Eatery

Parc Esta near Artisan Boulangerie Co.

Parc Esta Investment Opportunities

New commercial developments in Paya Lebar Central will continue to grow over the coming years providing plenty of job opportunities for the locals, thus more people will be looking to stay at The Antares Condo increasing pool of tenants.

The ongoing developments in Geylang will transform the area into a hub of amenities, residents will not require to travel far to access shopping, entertainment and dining spots. One of the key things that most residents consider is access to amenities.

Well, with Antares Condo you needn’t not worry about that attracting plenty of tenants/owners to The Antares condo boosting rental yields and occupancy rates.

The URA masterplan to transform Paya Lebar Area into a commercial hub, $3.2 billion urban regeneration project in Paya Lebar Central will consist of luxurious condominiums, shopping malls and Grade A offices.

These developments will increase the potential for capital appreciation in nearby properties and The Antares condo is strategically located to take full advantage of this capital growth.

The government plans to upgrade and develop public transport system that will boost accessibility for easy and convenient movement. The condo is in close proximity to these infrastructural upgrades attracting working-class and millennials looking for a smooth and quick travel.

School Near Parc Esta

Furthermore, with the amazing location of Parc Esta you won’t have any trouble finding great education facilities for your children, the condo is located very close to various world-class schools like for example, Tanjong Katong Secondary School, Tanjong Katong Girls’ School, and Haig Girls’ School.

These schools have a great reputation for developing good values and setting the foundation of your child in academics, skills and extracurricular activities, these are areas in which these schools have achieved great success.

Parc Esta near telok kurau primary school

Telok Kurau Primary School is one more of the ones close to the Parc Esta.

It looks to build up a nice and respectful relationship between students by giving them great hangout places.

However, they have to strictly follow rules at the same time.

The school also nurishes love for the world by accepting international students.

Among the subjects taught are mathematics, Chinese, English, art, Malay, Tam, ICT etc.

Parc Esta near tao nan school

Tao Nan School boast a very long history in Singapore.

It all began in 1906.when Chinese merchants came up with an idea to create a modern Chinese school for Hokkiens.

Students were being educated on Confucian classics and calligraphy and then they incorporated geopgraphy and languages.

However, this school is now absolutely modernized.

They have programmes for gifted children and wish to develop bilingualism in children from an early age .

Parc Esta near tanjong katong primary school

Tanjong Katong Primary School was formed in 1986, and by 2001 it merged three schools in one: Seraya School, Fowlie Primary School and Haig Boys School.

This school offers only prime education and protection to your children.

They nurture respect and responsibility, maintain discipline and promote them empathy , integrity and preservance.

By giving their students holistic education they want them to make a change in the society and that even small contribution to it is appreciated.

They make school fun but also educational

Parc Esta near st. stephen s school

Parc Esta near HAIG GIRLS SCHOOL

Parc Esta near EUNOS PRIMARY SCHOOL

Parc Esta near chij katong primary

Parc Esta near maha bodhi school

Parc Esta near kong hwa school

Parc Esta Facilities

This is probably the very first aspect you consider when you are buying a real estate.

The reasons for this are different: you want to be near your workplace, you want your children to be near their school, you want to live in a pleasant neighbourhood or you are simply lazy and want to be within the range of all the most necessary facilities.

Parc Esta facilities

Parc Esta Pool side

Parc Esta park

Parc Esta home banner

Parc Esta living room

Parc Esta Verranda

Parc Esta Swimming Pool

Parc Esta Front view

Parc Esta Restaurant

Parc Esta Pricing

Parc Esta Pricing

Parc Esta Review

If we take Parc Esta prices and compare them to the prices of condos of nearby launches, we can see that there is a slight difference.

For example, in Tre Vor, a normal one-bedroom apartment is sold for averagely 700 000 dollars.

An apartment in 110 Potong Pasir Avenue, District 13 is offered for 738,000 dollars while a two-bedroom condo at the same address costs 1,023,000 dollars.

This generally applies to all the other condos of this size, but interestgly, you can get a three bedroom condo here for just 500,000 dollars more.

The four-bedroom apartments will take well over 2.000.000 dollars.

To put it into the perspective of a little bit smaller numbers, the smallest amount of money you will have to pay for a condo per square foot is $494 and the average is $1,295.

Condos in Geylang seem to be on the same level, with the average price of 1,200 dollars per square foot.

What we have to notice, however, is that prices differ significantly based on the number of bathrroms, meaning that you can get a three bedroom apartment at a fairly reasonable price if it has only one bathroom.

All in all, our overall complaint is that the average psf price is somewhat higher than what is on the menu for the same period of launching of other projects.

Even old buildings aren’t on the cheap side anymore.

A Euonsville 30-year old apartment in D14 in Geylang is averagely 1,500 dollars per square foot, much more than for the new Parc Esta one.

True, Parc Esta is not in the Geylang centre, but a for the differnece in cost it pays off to walk a bit to go there.

Conclusion

An overall conclusion is that Parc Esta really offers something suitable for every type of investors.

An average family can easily find an apartment at an relatively acceptable price.

Moreover, the location is superb because it provides great entertainment, education and connectivity to other parts of Singapore through some of the vital MRT’s.