MCL Land will be launching a new luxurious condominium, Parc Esta in the second half of 2018. This will be one of the biggest launches ever, as the sheer size of the project is one of the rarest that can be found in Singapore. MCL Land bought over this land via a collective sale of the former privatized HUDC project, Eunosville, and the land size itself is a whopping 376,713 sqft, which is very rare in Singapore. It also helps when the plot ratio of the land is at 2.8, giving Parc Esta condo a total gross floor area of 1,054,796 sqft. The developer paid a total of $765 million to purchase this plot of land and another $194 million to top up the lease of this land back to 99 years, thereby the per square foot per plot ratio purchase price of the development is $909 psf ppr. Anaylsts from CBRE consultancy firm expects the selling price of Parc Esta Singapore to be at about $1700 psf to $1750 psf averagely.
This forest themed project is strategically located in Eunos, along Sims Avenue, and consists of 1,399 residential units, ranging from one bedroom units to five bedroom units. Parc Esta Eunos presents a fantastic window of opportunity for buyers who are looking at investing and for their own occupation, as this project is so well located. It is directly opposite Eunos MRT in a city fringe area, and is only 7 stops from Raffles Place MRT, where the heart of Singapore’s Central Business District is. Eunos MRT sits on the East West Line of the Singapore MRT System, is the main and earliest line being constructed in the 1980s, and it is connected to the almost all the other new lines, that brings you all around Singapore.
Parc Esta is also situated right next to Paya Lebar MRT, being just one stop away. Paya Lebar is being designated as one of the most important development of the East now, as the government is developing this area to be the sub commercial hub as a means to bring work closer to homes of the people and also to decentralize CBD area as a way to reduce congestions in the city area. This sub commercial hub, or Sub Regional Centre is currently undergoing a massive construction stage and the residential properties in this region is selling at an average of $2000 psf, and therefore, it made Parc Esta Eunos project to be a very attractive investment, when it is only 1 MRT stop away. This project is also near to the beach, where East Coast Park is. Families can spend their weekend lazing around the beach with the kids and enjoy wide varieties of F&B options. East Coast Park is also a great place for people to exercise, where one can jog on a never ending scenic trail along the beach after work or on weekend, and these just from a 10 mins drive, straight down from Still Road.
For more information, visit: https://www.parc-esta-officialsite.com/