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

The property is going to appeal to family groups, as it is throughout 1km of institutions like Palm View Elementary 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, found at Hougang Avenue 8.

Jointly created by Frasers Centrepoint Homes together with Lum Chang Team, the 99-year leasehold condo has 9 blocks with 573 units. Units consist of 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 scenery of the swimming pool. Tan says the unit is “well-kept” as well as would certainly need very little restoration by the future proprietor. Furthermore, the EC offers complete establishments, incorporating a club, event room, fitness center, swimming pool, tennis court and a youngsters’ play zone.

An essential appeal of the property is its proximity to facilities, states Edmund Tie’s Tan. Esparina Residences is adjacent to Sengkang Grand Shopping Center on Compassvale Bow, a three-storey retail industry complex that established earlier this year. The development is 4 minutes from Buangkok MRT Terminal (North-East Line) and also neighboring bus stops. Orchard Road is 20 minutes distant by vehicle via the Central Expressway (CTE), while the CBD is simply over thirty minutes apart.

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Esparina Residences was carried out in 2013. The unit can just be bought by a Singapore resident or long-term local as it is still within the 10-year time period from finalization wherein ownership limitations utilise. An EC job is privatised from the 11th year forwards post-completion, adhering to which international buyers and also corporate companies are entitled to purchase units in the development.

The most recent unit to shift hands at Esparina Residences is a 1,066 sq ft flat on the sixth level that was sold for $1.5 million ($1,408 psf) on June 16. The previously purchase before this was for an 829 sq ft unit on the third ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the property saw a log psf rate higher after a 1,001 sq ft unit on the fifth floor adjusted hands for $1.55 million ($1,548 psf).

A two-bedroom unit at Esparina Residences, an exec condo (EC) located along Compassvale Bow, will be raised for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing supervisor and also head of auction also sales, mentions the real estate is a mortgagee sale and has a guide rate of $1.28 million. The cost figures out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The condo will be sold with vacant possession and even on an “as is where is” basis.

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