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

The most current unit to change controls at Esparina Residences is a 1,066 sq ft flat on the sixth ground that was sold off for $1.5 million ($1,408 psf) on June 16. The final deal prior to this was for an 829 sq ft unit on the third level that was cost $1.275 million ($1,538 psf) on June 1. In April, the property saw a log psf price high after a 1,001 sq ft unit on the fifth ground changed hands for $1.55 million ($1,548 psf).

Esparina Residences was finished in 2013. The unit can just be bought by a Singapore resident or permanent resident as it is still inside the 10-year time frame from finalization in which possession limitations apply. An EC assignment is privatised from the 11th year forwards post-completion, complying with which international buyers and also corporate organizations are eligible to purchase units in the property.

A two-bedroom unit at Esparina Residences, an executive condo (EC) situated along Compassvale Bow, is going to be set up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s executive director and head of auction and sales, mentions the residential property is a mortgagee sale and has a guide price of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor area of 829 sq ft. The condominium will be offered with unused ownership and even on an “as is where is” basis.

The Botany at Dairy Farm condo

The building is going to appeal to family groups, as it is within 1km of schools like Palm View Primary 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, found at Hougang Avenue 8.

A vital demand of the property is its closeness to amenities, says Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store facility that opened earlier this year. The development is four mins from Buangkok MRT Station (North-East Line) as well as nearby bus stops. Orchard Roadway is 20 minutes distant by vehicle by means of the Central Expressway (CTE), while the CBD is simply over 30 minutes away.

Jointly developed by Frasers Centrepoint Residences along with Lum Chang Group, the 99-year leasehold condo has 9 blocks with 573 units. Units consist of a mix of 2-, 3- and four-bedders from 829 sq ft to 2,583 sq ft. The unit ready for public auction is a corner unit with scenery of the swimming pool. Tan says the unit is “well-kept” and also would need marginal remodelling by the potential owner. Furthermore, the EC offers full establishments, including a clubhouse, event space, health club, pool, tennis court and a kids’ play zone.

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