Property Launch: Parc Esta Condominium
Parc Esta Residential Condominium is a new 99 years leasehold development that’s the former Eunosville HUDC Enbloc. Parc Esta Developer Jardine Matheson Group Unit make it on top to sold enobloc units with the help of by MCL Land. When the unit Eunosville started its name as the 330 unit HUDC estate, it was forecasted that by 2017 it would be successfully leading towards the fourth spot. Although the developers of this estate market someplace in Singapore in which the Government Land Sales Programme limits the subjected plots of land, it was still leading on the 2nd spot in terms of the cost.
Parc Esta Condo Former Eunosville HUDC is a one of a kind development. Location of Parc Estate has a wide frontage onto Changi Road and Sims Avenue. Everything are here already in Parc Esta since their amenities are very unique and entertaining like the guard house for the life-saver, club house, function hall for meetings, indoor gym fit conscious, tennis court , a wide 50m pool, beautiful sun deck, BBQ pits for food gamer & to secure also the play area for youngsters. With the facilities provided, every family will have more to offer that will strengthened their bond. Their facilities will let every individual experience the serene pace of the place.
Parc Esta Condo sites on a prime piece of land which represents a timely investment for MCL Land to replenish its land banks. At that time of acquisition, Eunosville has got a balance lease of Seventy one years left and the collective sale is timely for the residents as well due to the aging building structure. The Parc Esta MCL Land have estimated about 1399 units base on the size of the land, the price and ratio of the investment.
Parc Esta began in 1980s as the Eunosville estate among of 330 units in a private HUDC which is now situated close in Eunos MRT Station. The collective sale is the Second highest ever achieved after the sales of Farrer Court which is the present D’Leedon. Analyst note that the cost paid for the plot of land is affordable given the upswing market and the plot of land was sold to Jardine Matheson Group which is a unit of Hongkong Developer MCL Land. With the 255 maisonettes of the Eunosville HUDC, around 6 residential unit was blocked and about 4 walk-up apartment blocks together with the 75 units. The expected selling price based on the acquisition cost is about $1,700 – $1,750psf.
In Singapore, MCL Land have served 50 years as the reputable group for residential buildings. From the Asian cities like Hong Kong, Singapore, Beijing, Jakarta, Hanoi, Phnom Penh, Macau, and Bangkok, it was only the Hong Kong Land and MCL Land which stand out on the market for property holdings for quiet long.