that owning a condo can save them money in the long run. Imagine you have a stunning residence with Central Park living in the East, with splendor facilities that will accommodate your family needs. We will introduce the Parc Central Residences Executive Condominium.
Parc Central Residences EC- Enhanced Convenience
We will inform you about the much-awaited EC launch at Tampines in Q1 2021.
Parc Central Residences EC is the first EC launched after 2012 and with a name inspired by Central Park, located around Tampines Avenue 10. Central Park is the world-famous urban park located in New York's busiest borough, with more than 35 million visitors annually.
Parc Central has four facilities zones with a total of 88 facilities. Parc Central contains elegantly landscaped parks to create a Central Park for its residents. There will be 700 luxurious residential units suitable for modern-day families. The units range from 3BR to 5BR.
Parc Central is a highly anticipated EC project in the East, developed by Hoi Hup Sunway. Some of the successful projects completed by Hoi Hup Sunway are Arc at Tampines and Parc Canberra.
Also, stunning quality finishings from Hansgrohe / Bosch / Blum / Yale will be used, as well as walk-in wardrobes available for selected unit types.
Imagine living in a place inspired by Central Park, which you can enjoy every moment. With greeny reminiscent of Central Park and a stunning flowing waterfall feature. We are coming to you soon in Q1 2021.
Parc Central Residences – Proximity to Schools
Having a place to live close to the school is the dream of many families. Every parent would want their child to get the best education, but not too far from where they live. Choosing a residential area with several best schools in Singapore is the best step for a comfortable place to live, as well as a bright future for children.
Parc Central Residences EC is close to some of the best schools in Singapore and is available for several educational levels to ensure you don't have to move to another area to find a place to live close to your child's school. These are some of the schools around Parc Central Residences EC:
- East View Primary Schoolrn- Unyuan Primary Schoolrn- Tampines Primary Schoolrn- Poi Ching Schoolrn- St Hilda's Secondary Schoolrn- Junyuan Secondary Schoolrn- Tampines Secondary Schoolrn- Springfield Secondary Schoolrn- United World College of South East Asia (East Campus)
There are also universities within Parc Central Residences EC's reach, such as the upcoming Singapore University of Technology and Design. The university will be located in the middle of Tampines, making it very affordable from Parc Central Residences to add a youthful experience.
The existence of several best school choices will help you in choosing a suitable place to live, especially if several nearby schools are available for several levels at once. Of course, you will save costs in the long run without considering moving places for educational needs.
Nearby Properties Transacted Price
How about the price of Parc Central Residences? Is it better than the other nearby residences? Let us see the comparison data from 2013 - 2020.
Citylife @ Tampines with $796 to $976 PSF, and The Tampines Trilliant with $807 to $1061 PSF.
The Tampines Trilliant has entered the 5-year mark, where some homeowners who buy at launch price can sell their units on the open market. This will mark up the sales volume, where the average per unit will increase by 20% of capital gain. For Citylife @ Tampines, most investors prefer to wait because homeowners can do MOP in 2021. This will make transactions lower, but the chart still estimates a 20% capital gain from sales volume. The average of all ECs in Singapore is around 8 to 10%, so keep in mind you will get a sizeable amount.
For the launch price of Parc Central Residences below the two residences above, with 3BR and 5BR to be around $1050 - $1070 PSF. This amount can be obtained from calculating the construction costs with profits. We can assume that the construction cost is around $ 231PSF (40% of the land cost), and profit with the accumulated land cost and construction cost * 0.3. The estimated launch price will be $ 578 + $ 231 + $ 242.
Viewed from the launch price, even though homeowners must undergo a Minimum Occupation Period (MOP) before they rent out their EC for five years, Parc Central Residences still be the most appealing choice in terms of tenants than other residences.
Parc Central Residences EC Reviews
If you are thinking of purchasing an executive condominium unit, there are many important considerations that you should think about. While you will be spending a great deal of money on this type of home, you will also be making a major investment, so you need to know a few factors that can help make your investment much more affordable. When you want to choose residences, you have to ensure that the place you choose is the best and suitable for your needs.
Most people have a separate factor in choosing their residence, depending on their family situation. If the family has children who are still in school, the parents will choose a residence not far from their school access.rnThere are also other factors when people want to choose a residence, such as being close to a mega-mall and transportation accessibility. Parc Central Residences is very close to mega malls on Tampines Ave 10. With just a short drive, you will bring you to IKEA, Courts Megastore, Giant, where you can shop for furniture, electronics, or daily necessities.
For connectivity, homeowners at Parc Central Residences have access to the Tampines Expressway with only a 6-minute drive away and connect you to the island's west part. Likewise, with access to the Pan Island Expressway, which is the island's artery transport and major expressway, with just 6 minutes drive away. PIE connecting the western part of the island to other expressways, including Central Expressway, East Coast Parkway, Ayer-Rajah Expressway, Bukit Timah Expressway, and Kallang-Paya Lebar Expressway.