Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

One of the most recent unit to adjust hands at Esparina Residences is a 1,066 sq ft apartment on the 6th level that was sold off for $1.5 million ($1,408 psf) on June 16. The final purchase before this was for an 829 sq ft unit on the third level that was cost $1.275 million ($1,538 psf) on June 1. In April, the project viewed a record psf price higher after a 1,001 sq ft unit on the 5th floor changed hands for $1.55 million ($1,548 psf).

A two-bedroom unit at Esparina Residences, an executive condo unit (EC) situated around Compassvale Bow, is going to be set up for auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing supervisor and also head of auction also sales, says the residential property is a mortgagee sale and has a guide price of $1.28 million. The rate works out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo is going to be offered with vacant ownership and even on an “as is where is” basis.

Collectively created by Frasers Centrepoint Homes and Lum Chang Group, the 99-year leasehold condominium has nine blocks with 573 units. Units comprise a combine of 2-, three- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for auction is a corner unit with sights of the pool. Tan states the unit is “well-kept” and also would require marginal renovation by the future proprietor. In addition, the EC uses comprehensive facilities, including a clubhouse, event space, fitness center, pool, tennis court together with a kids’ play area.

Esparina Residences was finished in 2013. The unit can simply be bought by a Singapore local or permanent local as it is still inside the 10-year time period from finish in which possession constraints apply. An EC project is privatised from the 11th year beyond post-completion, adhering to which international buyers and also corporate organizations are entitled to acquire units in the project.

The real estate is going to appeal to households, as it is in just 1km of institutions like Palm View Primary School at Compassvale Bow, North Vista Elementary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 and even Montfort Junior School, situated at Hougang Avenue 8.

Hillock Green United Engineers Limited

A crucial demand of the real property is its distance to amenities, says Edmund Tie’s Tan. Esparina Residences is surrounding to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail industry complex that opened earlier this year. The development is 4 mins from Buangkok MRT Terminal (North-East Line) and close-by bus stops. Orchard Roadway is 20 mins distant by car using the Central Expressway (CTE), while the CBD is just over 30 minutes afar.

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