Eunos, Singapore – July 23, 2018 – Era Realty Network Pte Ltd is thrilled to announce the launch of “Parc Esta” a brand new condominium located in district 14 of Singapore. Parc Esta is a new project along Sims Avenue, Eunos area, a very convenient area in Singapore as it is situated right opposite Eunos MRT and it is only 6 MRT stops to town. This is a 99 years leasehold project to be built on the former Eunosville HUDC, where it was sold to developer, MCL Land, via collective sales in June 2017. The project, which is directly opposite Eunos MRT, is very convenient for prospective residents, and is also noted for great commercial activities.
Parc Esta is strategically located and has a big land size, sited on a rare piece of land of the former Eunosville HUDC that was privatised in July 2011, which is uncommon to be found in the city fringe area. It presents a very good opportunity for both investors and buyers who are looking to buy it as their homes to stay, due to the fact that Eunos MRT is right opposite to the development, its proximity to Paya Lebar Sub-Regional Centre, and also the short travelling time one needs to go to city, which is directly connected by the train station. With the Government policy to decentralise the central business district to suburban area by coming up with Regional Centres so as to bring jobs closer to homes, Parc Esta is set to benefit greatly with Paya Lebar Sub Regional Centre just one stop away.
“As it is, Paya Lebar is already a well established area with MRT station connected via the East West Line and Circle Line, and this area is home to various commercial buildings which houses SMEs and MNCs. In the next few years, we can see the completion of Paya Lebar Quaters, a huge mixed development by Lendlease, which consists of 2 office buildings, a shopping mall and blocks of residential apartments, named as Park Place Residences” says a statement on ERA Realty Network Pte Ltd website. “The location is good for comfort, convenience, privacy, and commercial activities”, it added.
Analyst from consultancy firm, CBRE, estimated that Parc Esta Price could be selling at about $1,700 psf to $1,750 psf averagely, and with the residential units of Park Place Residences selling at an average of $2000 psf per, Parc Esta will be a very attractive investment, as it is only one train stop away from Paya Lebar, and yet, potentially much cheaper. The floor plan will most likely consist of 1 to 5 bedroom apartment unit and strata landed houses to cater to families of various demographic with the assurance that the layout will be efficient and landscaping will be beautifully done. It should cater well to people who dislike the hustle and bustle of a CBD like area, and yet have all the amenities just a stone throw away.