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

The building is going to attract households, as it is within 1km of colleges 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 Montfort Junior School, positioned at Hougang Avenue 8.

Collectively created by Frasers Centrepoint Residences along with Lum Chang Group, the 99-year leasehold condo has nine blocks with 573 units. Units consist of a combine of 2-, 3- including four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with views of the swimming pool. Tan states the unit is “well-kept” as well as would certainly require minimal improvement by the future owner. In addition, the EC uses comprehensive establishments, including a clubhouse, function area, health club, swimming pool, tennis court and a children’ play area.

Esparina Residences was carried out in 2013. The unit can just be bought by a Singapore resident or permanent citizen as it is still within the 10-year duration from finish wherein possession constraints use. An EC job is privatised from the 11th year beyond post-completion, complying with which foreign buyers and corporate entities are eligible to buy units in the development.

The most latest unit to adjust hands at Esparina Residences is a 1,066 sq ft apartment on the sixth floor that was offered for $1.5 million ($1,408 psf) on June 16. The previously transaction just before this was for an 829 sq ft unit on the 3rd ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the development saw a history psf rate greater right after a 1,001 sq ft unit on the 5th ground changed hands for $1.55 million ($1,548 psf).

A two-bedroom unit at Esparina Residences, an executive condo unit (EC) placed near Compassvale Bow, will be put up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director and also head of auction and sales, mentions the real estate is a mortgagee sale and has an overview rate of $1.28 million. The cost works out to $1,544 psf on the unit’s floor area of 829 sq ft. The apartment is going to be marketed with unused ownership and on an “as is where is” basis.

The Arden Phoenix Avenue

A key appeal of the property is its closeness to conveniences, claims 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 property development is four mins from Buangkok MRT Station (North-East Line) as well as close-by bus stops. Orchard Roadway is 20 minutes away by car through the Central Expressway (CTE), while the CBD is simply over thirty minutes afar.

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