Parc Central Residences EC

Announcement: All Fully Sold

Located in the East region of Singapore, Parc Central Residences EC is the rare executive condominium launch in the matured estate – Tampines.

Tampines is one of the largest population town in Singapore.  And, with the last EC launched in the east region being in 2012, there is a pent-up demand for this project, which is in limited supply in the east.

The site is well served by a wide variety of amenities within stone’s throw in the heart of the regional centre of Tampines.  This ranges from the Tampines Town Hub – Singapore’s first-ever integrated community and lifestyle hub which provides a variety of sports and community facilities, to offices, educational institutions and a number of established regional shopping malls. These malls include Tampines Mall, Tampines 1, and Century Square.

Last but not least, the site is conveniently linked to the city and the rest of the island via major arterial roads and expressways such as the Tampines Expressway and the Pan Island Expressway.  It is also a short distance away from the Tampines MRT station and the Tampines West Station along the Downtown Line.

Parc Central Residences EC is developed by Hoi Hup Realty and Sunway Group.

Founded in Singapore in 1983, Hoi Hup Realty Pte Ltd is an established niche property developer. They have successfully completed a diversified portfolio of property developments comprising private condominiums, landed housing, cluster-strata housing, executive condominiums and mixed-use commercial developments. To-date Hoi Hup has delivered more than 7,300 quality homes.

Okay, let me show you some of their completed projects:

• The Whitley Residences
• Sophia Hills
• Kovan Regency
• The Miltonia Residences
• The Foresta @ Mount Faber
• Sea Esta
• City View @ Boon Keng (DBSS)
• Lake Vista @ Yuan Ching (DBSS)
• and some which are going to complete very soon like Hundred Palms Residences (EC) and Rivercove Residences (EC).

In summary, I use the word “Charming” to describe their products.

Parc Central Residences EC is located beside The Alps Residence and opposite United World College of South East Asia.

Although it seems to be far away from Tampines MRT station, but it is  tucked away from the hustle and bustle.

In addition, if you wish to zoom in and look in detailed, you may use in the map below.

Tampines MRT station is an interchange between the green line (East-West) and blue line (Downtown).  They cover most nodes of workplace in Singapore.

And, you will be very convenient if you wish to fly overseas.

Besides that, the PIE is close to Tampines Ave 10, giving residents very quick access to that and other areas of the island.

In addition, we are just beside Bartley Road East which links to Braddell Road and Lornie Road within 10 minutes.

Dining nearby:

• Soi Thai Kitchen
• Alsalam Restaurant
• Seoul Garden Restaurant
• Crystal Jade Kitchen
• Jin Hock Seafood

Shopping nearby:

• Tampines 1
• Tampines Mall
• Century Square

Schools and Education nearby:

• Hilda’s Secondary School
• East View Primary School
• Springfield Secondary School
• Meridian Junior College
• UWC

Register to get floor plan? (Best Price Possible & No Obligations)

How much would be the selling price?

The developer has been awarded the land sale tender at $578psf ppr.  After factor in their cost, the breakeven point would be at $956psf. With 15% margin, the developer likely will price this EC at around $1,100psf.

The rest of the EC are now selling at the similar price range.

In addition, there is a pent-up demand for this asset class (EC in matured estate) that is in limited supply in the east as well as the entire island.

Furthermore, the nearest new launch condo – The Tapestry are selling above $1,350psf. There is a safe gap in between for your future profit.

Plus, the income ceiling for EC had just raised to $16,000.

In conclusion, I would highly recommend Parc Central Residences EC as a great buy if they priced below $1,200psf.

Let’s Review and Comment is Parc Central Residences EC a Good Buy?