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.