New condo development, Parc Esta was recently having its balloting preview on 17th November 2018, last Saturday. Its developer, MCL land released a total of 450 residential units for sales at the event. And out of the 450 units, 329 units were sold on that day.
About the Development
Parc Esta is a mega development with a huge land size of 376,713 square feet that comprises of 1399 condominium apartments. It is sitting in between Changi Road and Sims Avenue.
This development is located just a stone’s throw away from Eunos MRT station. And just one mrt station away from Parc Esta Condo, there is the the Paya Lebar Commercial Hub. Surrounded not only by basic amenities for the residents, being close to a sub-regional centre makes this new launch ideal for investors as well.
The Parc Esta Condo was actually the En-Bloc of former HUDC, Eunosville. The old Eunosville was launched for tender in April 2017 and the land was eventually sold to MCL Land at a price of $765 million. And it was estimated that developer topped up the lease to 99 years by chipping in approximately another 194 millions. The psf for the land sold translated was about $909 psf ppr (per sq ft per plot ratio)
Selling Price of Parc Esta
The starting selling price for the development on the preview day starts at $698,000 for its 1-Bedroom, $988,000 for 2-Bedroom, $1.378million for 3 Bedroom. 4-Bedroom is from $1.758 mil onwards while the 5-Bedroom begins from $2.218 mil.
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