Parc Botannia is the other option for home seekers looking for private condo

Executive Condominium is a sector meant for local Singaporean couple and family or Singaporean spouse with permanent residents. Since Feburary, the EC market is a challenging market as there is a relatively huge EC supply and roughly around 3,200 EC units unsold.

Nevertheless, some experts informed The Straits Times that EC sales are normally anticipated to stay slow-moving.

In spite of the headwinds, experts claim Frasers Centrepoint’s tested performance history and also experience with the home market in the north component of the island must provide it a minor side over completing jobs in Sembawang.

The average cost for The Brownstone was $819 psf, and also $767 psf at SkyPark Residences in February, while Qingjian stated costs of systems at The Visionaire will certainly be revealed just after April 17 when e-applications close.

It is the 3rd EC to be released this year, after Wandervale at Choa Chu Kang and also The Visionaire.

E-application for systems at Parc Life will certainly open up from April 16 to 24.  Parc Life availability chart is available in the showflat.

Regarding 77 percent of the systems at Parc Life are three-bedroom or three-plus-universal area alternatives.

Effective candidates could reserve their system on April 30. The growth is anticipated to be finished in the initial quarter of 2018.  Those that are not eligible for EC application, Parc Botannia is one of the other option worth considering due to its low entry price.

Competitors could be rigid, however Mr Cheang thinks there is still healthy and balanced need for ECs from Real estate Board upgraders as well as young pairs. He included: “Concerning 70 percent of purchasers we are targeting are the novice purchasers as well as upgraders living within the 3km variety in Yishun, Woodlands and also Sembawang, while we expect that the continuing to be 30 percent will certainly make up home owners presently living along the North-South MRT (red) line.”

Signature Yishun

New Executive Condo launching in Sembawang Crescent

The 628-unit EC in Sembawang Crescent, jointly built by Frasers Centrepoint and Keong Hong Holdings, assures “first movers advantange” to surrounding Canberra Park, and the Sembawang MRT Station.

Parc Life consists of two- to five-bedroom residential condo units in a selection of models, varying from 753 sq feet to 1,550 sq ft.  Although faced with stiff competition from the nearby Executive Condominium launches like Signature At Yishun, Criterion and the The Visionaire, the developer is confident of Parc Life sales figures.

The costs vary from $770 to $800 psf, as stated by developers in a joint declaration the other day.

Parc Life will certainly be trying customers with Qingjian Realty of 632-unit The Visionaire EC at Canberra Web link introduced on April 8. It amassed over 400 e-applications for units over the weekend break.

An additional exec condo (EC) job, Parc Life, will certainly strike the marketplace on Saturday – the 2nd EC growth to be introduced in Sembawang in simply over a week.

2 formerly introduced condo in the location with systems still available are The Brownstone by City Advancement and also TID, SkyPark Residences by joint endeavor firm Sanctuary Growth.

Century 21 Singapore president Ku Swee Yong stated: “The variety of EC devices released yet were left unsold climbed up quickly in 2015, permitting us in conclusion that we have actually tired the majority of the need for ECs, as well as elevating the revenue ceiling did not bring about a substantial extra need.”

Parc Life’s developers had actually rejigged device dimensions there after the government elevated the home revenue ceiling for qualified EC purchasers from $12,000 to $14,000 last August. Frasers Centrepoint basic supervisor available and also advertising and marketing sales man Mr Ang claimed: “At $14,000 earnings, they usually could pay for a bigger home.” It decreased the variety of two-bedders from 100 to 46 to suit even more three-bedroom systems, as well as it additionally presented 16 five-bedders.

Frasers Centrepoint claimed Parc Life will certainly have health club swimming pools, a 50m infinity swimming pool neglecting Canberra Park as well as a pet-grooming structure.
Parc Life Showflat