iCompareLoan Editorial Team
Image Credits: Parc Esta, MCL Land
Parc Esta is an exciting new property launch by the award-winning developer, MCL Land. The condo development is located at the site of the former Eunosville HUDC Estate, just opposite the Eunos MRT Station. Based on its site plan and strategic location near Keylang town, Parc Esta is set to be one of the most coveted residential properties in District 14.
Condo Location
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Parc Esta is specifically located along 838 Sims Avenue in Eunos District (D 14). The site of the condo is almost rectangular in shape and features a wide frontage onto Changi Road and the Sims Avenue. There are many malls, schools, hospitals and recreational amenities located just one or two MRT stations away from the development. And that makes living within that area both convenient and hassle-free.
Number of Units
Sitting on a staggering 376,713 sq ft piece of land, the Parc Esta condo development is expected to yield about 1,399 units in total. The condo will likely feature 1 to 5 bedroom unit configuration, with sizes ranging from 400 to 1,500 sq ft. That means it will accommodate all sorts of tenants from single to multi-generational families.
Major Condo Facilities
According to the developer, the condo will feature 10 short-tower blocks surrounding a number of shared amenities like a 50-meter lap pool, a sizable playground, an indoor gym and a couple of BBQ pits. There will also be 24-hour security and first-rate concierge services. This means residents can enjoy ultimate fun, comfort and fitness within this condo.
Nearby Amenities
Transport
Parc Esta sits directly opposite the Eunos MRT Station, which makes access to town through the East West Line both quick and seamless. There’s also a bus interchange beside the Eunos MRT that provide alternative transport options to and from town and other parts of Singapore. Furthermore, there are other train stations nearby like the Kembangan MRT and the Paya Lebar MRT that residents can take advantage of.
Drivers will also be able to drive to the CBD in a record 15 minutes while those who would want to go towards the financial district can use the East Coast Parkway (ECP), which is just 3 minutes away from the development. The Pan-Island Expressway (PIE) is just 2 minutes’ drive from the residential and is the most convenient access point to the Orchard Road Shopping belt as well as other parts of Singapore.
Schools
Access to education for residents of Parc Esta will never be a problem, thanks to the many schools located in the neighborhood. Some of the schools like Eunos Primary School and Haig Girls’ School are just found within a distance of 1 km.
Other schools located near the residential include:
-CHJI Katong Primary
-Manjusri Secondary
-Tanjong Katong Girls’
-Tao Nan School
-James Cook University
-Victoria Junior College
-Temasek Junior College
Shopping Malls
Many shopping centers and complexes abound within the Parc Esta neighborhood. And that guarantees residents of unlimited shopping experience.
Some of the leading shopping malls found within Parc Esta’s
immediate vicinity include:
-Paya Lebar Square
-OneKM Mall
-Singpost Center
-112 Katong
-Parkway Parade
-Bedok Mall
-Bedok Point
Condo Selling Price
Parc Esta, as an enbloc, was bought at a whopping $765 million. That, plus the additional government charges of about $194 million translates to a breakeven land rate of $909 pers square foot. Based on market analysts, the selling price for Parch Esta is likely to be between $1, 650 and $1, 750 psf.
But those hoping to purchase the condo units can still hold their horses and the exact pricing will be revealed by the developer on a date closer to the launch date. And the launch is expected to be somewhere in August 2018.
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