The year 2020 is one that will be permanently born in mind by the development of Covid-19 on the globe, influencing economies as well as organizations.
Regardless of this, the interest for brand-new home launches in Singapore has not wound down, seeing how numerous tasks have attained outstanding results right from its launch. Just to name a few, there was Parc Central EC offering 64% at launch in Jan 2020, Forett at Bukit Timah selling 30% in Aug 2020, The Linq @ Elegance Globe offering 96% at launch in Nov 2020.
Parc Central Project Overview
Parc Central Residences EC has quite a bit going all out. It is the first EC launch in the East since 2012, which means that there is expected to be quite a bit of need from upgraders looking for their brand-new home purchase.
Land Tender Cost
The land plot for Parc Central Residences at Tampines Ave 10 was launched for tender on the 31 Oct 2018, and Tender closed on the 15 Jan 2019.
The land area was 24,933.7 sqm, with an allowable plot ratio of 2.8, min gross floor area at 62,833 sqm as well as max gross floor location at 69,815.
There were a total of 7 bidders, including JBE Growth Pte Ltd; Creative Investments Pte Ltd, Santarli.
Funding Venture Pte Ltd as well as Kay Lim Realty Pte Ltd; Sim Lian Land Pte Ltd; Qingjian Real Estate (Residential) Pte Ltd. as well as Evia Realty (8) Pte Ltd; CDL Constellation Pte Ltd and TID Residential Pte Ltd; MCC Land (Singapore) Pte Ltd.
The winning proposal went to Hoi Hup Realty Pte Ltd and also Sunway Developments Pte Ltd, with a proposal of $434,450,000, which translates to a land cost of $578psf.
Parc Central lies at the crossway in between Tampines Ave 10 and also Tampines Ave 5, straight contrary United Globe College South East Asia.
Its place might be a little out of the way as well as also close to an industrial estate! But fortunately, Tampines overall does provide numerous facilities as well as comforts.
Why the name Parc Central?
Parc Central is so-called because the design inspiration behind the entire development is based on Central Park in New York City, therefore in the development, you will find lots of greenery and also open spaces.
Dining halls will certainly be heavily affected by New York steak houses and you will be able to find souvenirs commemorating Broadway in its functional areas.
A fast review of some vital items of information (for more information, refer below).
Project Name: Parc Central Residences.
Developer: Hoi Hup Sunway Tampines J.V. Pte Ltd.
Address: Tampines Ave 10.
Land Tenure: 99 Years.
Anticipated TOP: Est.
Q3 2023. Website Area: 268,430 sqft.
Residential units: 700.
Blocks & Floors: 11 Blocks of 16-floor apartment or condos.
Carpark: 1-degree cellar carpark, 700 carpark great deals + 5 handicap lots.
Parc Central Residences Floor Plan Types: 3Bedroom Deluxe, 3Bedroom Costs, 3Bedroom Luxury, 4Bedroom Premium, 4Bedroom High-end, 5Bedroom Luxury.
So, book an appointment now via parc central residences snowflat.