MCL Land’s 1,399-unit private condo Parc Esta located on the site of the former Eunosville privatised HUDC estate previewed on the weekend of Nov 3-4. Over the weekend, more than 5,000 people visited the sales gallery located at Sims Avenue adjacent to the site.
The project has nine 18-storey towers sitting on a 99-year leasehold site of close to 377,000 sq ft. The project is expected to be launched a fortnight from now. Indicative price is expected to be from $698,000 for a one-bedroom; from $988,000 for a two-bedroom; $1.378 million for a three-bedroom; from $1.758 million for a four-bedroom; and from $2.218 million for a five-bedroom.
From this we can really see that there is still many people looking to purchase a new launch condo in Singapore despite of the cooling measures implemented not too long ago. Many homeowners are still searching for their desired dream home and there will be some who will be willing to fork up additional buyers stamp duties (ABSD) just so they could own multiple properties. Parc Esta is definitely priced well to sell, starting less than 700k for a development with good finishing and marble flooring for all room type is a steal and would be a good condo choice.
Source: EdgeProp Singapore Property News (Nov 18)