Parc Esta, formerly known as Eunosville, a HUDC estate that has been the prime residential location along Sims Avenue and Changi Road, under the developer MCL Land, who acquired it in a collective sale exceeding $750 million, towards the end of 2017. The former residents have been at an advantage with this, having gotten a whopping 19% increase in their demanding price during the sale.
Parc Esta is in a well-established estate with an area spanning more than 350,000 square feet. Very conveniently, it is located in the Eastern Region of Singapore. Being one of the largest residential sites in its Eunos, Parc Esta can approximately yield 1400 residential units
As for the en-bloc price, it is approximately between $909 per square foot per plot ratio. This also includes a premium of approximately $194 million. Assuming that the company aims for a target profit margin of 10%, the average selling price of Parc Esta should land somewhere between $1500 to $1600 per square foot.
PARC ESTA MCL
Parc Esta Condo developer MCL Land is one of the leading property groups within Singapore. This is thanks to their explicitly maintained legacy of over 50 years, where the company and all its employees compromise at nothing in delivering quality residential solutions to the citizens of Singapore. Officially a member of the Jardine Matheson Group under the Hong Kong Land Holdings, the premium residential company not just operates locally, but internationally as well, building quality homes and apartments in Malaysia. Their vision is simple and clear; to be a premier and reputable property group, leading all its competitors through innovative solutions in providing its customers just what they need at the best value for money.
Parc Esta Projects
With successful launches for residential apartments over the past four years, MCL Land is the force behind J Gateway, Lake Grande, Sol Acres, Terrasse as well as Lake Ville. Having established their name with these projects that are not just a success in the property industry, but also widely popular within the public, it leaves little doubt in the minds of potential residents and investors about the success of Parc Esta in Eunos.
Parc Esta condo’s Proximity to public transport especially the MRT will literally gives an value-added advantages to any properties and Parc Esta beautifully succeed that due to its perfect location giving its potential residents multiple options for travel. With only a 200 meter walk to the nearest Eunos MRT station, residents can access the entire East-West Line (EWL) in Singapore. The abovementioned MRT station is also only six stops to the City Hall, and only five stops away from the Changi Airport. Residents of Parc Esta can also conveniently travel to the Central Business District, City Centre Marina Bay and Marina South.
Parc Esta At Its Convenient
Parc Esta’s convenient central location is only 1 MRT stop away from Paya Lebar and Paya Lebar is a upcoming new developing commercial hub, where the future retail and commercials lie. Parc Esta is also only two stations away from Bedok MRT, where the residents have wider shopping options at the Bedok Mall.
It is also interesting to note that the Eunos MRT Station, only a walk away from Parc Esta, is also joined by a bus interchange serving the needs of immediate localities at even shorter time intervals. Within 6 stops of the Eunos MRT station, one can find the most traveled-to locations including office complexes like the Changi Business Park, Expo and Changi City, relaxing facilities like the Kallang Sport Hub, as well as the nearby town of Bugis.
Parc Esta is also near to PIE (Pan Island Expressway) as well where it is well-connected to all of Singapore.
PARC ESTA NEIGHBOURING
Just a short drive away from Parc Esta lies the popular East Coast Road where catering to the needs of residents and visitors alike, are a supermarket, F&B outlets, and shops serving items of different varieties. As an alternative to that, residents may also 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.
The area is also home to the very popular among residents, Parkway Parade Shopping Centre, which is always bustling with shoppers going about their business 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. Other than these, Parc Esta is just a minute’s worth of drive away from many local and popular eateries serving the food cravings of residents.
PARC ESTA
For people who are particularly fond of outdoor activities, Parc Esta official remains to be of particular interest. Residents 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.
Residents can also avail the 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 mentioned earlier, with the closely located MRT stations, the residents can also easily access the Singapore Sports Hub.
PARC ESTA – SCHOOLS AND EDUCATION
With its central and ideal location, Parc Esta is very near to the Eunos Primary School, as well as the Haig Girls School. Being a commodity that families living in apartments tend to have children of the young age bracket, Parc Esta is also in close proximity of Tanjong Katong Primary School, CHIJ Primary School, as well as the Telok Kurau Primary School. Among others, another fresh additions are the Canadian International School and Chatsworth International School providing international standard education.
Sunday, April 21, 2019
Thursday, April 18, 2019
SINGAPORE - Certificate of entitlement (COE) prices continued to surge at the latest tender on Wednesday (April 17), with all categories ending noticeably higher except for motorcycles.
COE premiums for cars up to 1,600cc and 130bhp finished at $33,199, up from $29,159 two weeks ago. COE prices for cars above 1,600cc or 130bhp closed at $48,000, up from $43,102.
Premiums for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for bigger cars, finished at $52,410, up from $48,209.
Commercial vehicle COE prices closed at $32,001, up from $27,589. Motorcycle COE premiums bucked the uptrend by ending at $3,452, down from $3,501.
The surge followed an unexpected rise in COEs for bigger cars in the previous tender, which was attributed to new demand from private-hire players.
"The market is actually quite weak," said one major motor trader. "The showrooms have been very quiet in recent months."
Mr Ron Lim, head of sales and marketing at Nissan agent Tan Chong Motor, said “the market has slowed down significantly after the price increase from last round of COE price hike, so we can conclude safely the latest rise has nothing to do with retail demand”.
Still, Mr Lim said Wednesday’s results is also driven by “a classic case of panic bidding” on the back of “speculation over the extent of the next COE quota cut”.
Going by available data to date, the supply of COEs for the May-July period may shrink by as much as 20 per cent.
Mr Lim added that he hopes “some sanity will return after the actual quota is released”, but cautioned that there are “headwinds”, including a three-week break before the next tender exercise (allowing sellers to collect more orders), and the upcoming Car@Expo retail event, which would also typically lead to more orders.
COE premiums for cars up to 1,600cc and 130bhp finished at $33,199, up from $29,159 two weeks ago. COE prices for cars above 1,600cc or 130bhp closed at $48,000, up from $43,102.
Premiums for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for bigger cars, finished at $52,410, up from $48,209.
Commercial vehicle COE prices closed at $32,001, up from $27,589. Motorcycle COE premiums bucked the uptrend by ending at $3,452, down from $3,501.
The surge followed an unexpected rise in COEs for bigger cars in the previous tender, which was attributed to new demand from private-hire players.
"The market is actually quite weak," said one major motor trader. "The showrooms have been very quiet in recent months."
Mr Ron Lim, head of sales and marketing at Nissan agent Tan Chong Motor, said “the market has slowed down significantly after the price increase from last round of COE price hike, so we can conclude safely the latest rise has nothing to do with retail demand”.
Still, Mr Lim said Wednesday’s results is also driven by “a classic case of panic bidding” on the back of “speculation over the extent of the next COE quota cut”.
Going by available data to date, the supply of COEs for the May-July period may shrink by as much as 20 per cent.
Mr Lim added that he hopes “some sanity will return after the actual quota is released”, but cautioned that there are “headwinds”, including a three-week break before the next tender exercise (allowing sellers to collect more orders), and the upcoming Car@Expo retail event, which would also typically lead to more orders.
Wednesday, April 3, 2019
Apr 3 - COE Prices
SINGAPORE: Certificate of Entitlement (COE) premiums closed higher in the latest bidding exercise on Wednesday (Apr 3).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$29,159, up from S$26,659 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$43,102 from S$39,401.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$27,589 from S$27,021 in the previous bidding exercise.
Motorcycle premiums closed at S$3,501, up from S$3,469 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$48,209 from S$41,000.
A total of 6,392 bids were received, with a quota of 4,396 COEs available.
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$29,159, up from S$26,659 in the last exercise.
Premiums for larger and more powerful cars in Category B rose to S$43,102 from S$39,401.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$27,589 from S$27,021 in the previous bidding exercise.
Motorcycle premiums closed at S$3,501, up from S$3,469 in the last exercise.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$48,209 from S$41,000.
A total of 6,392 bids were received, with a quota of 4,396 COEs available.
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