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

A two-bedroom unit at Esparina Residences, an executive condominium (EC) situated around Compassvale Bow, will be set up for public auction by Edmund Tie on July 27. Joy Tan, Edmund Tie’s managing supervisor and head of public auction also sales, mentions the property is a mortgagee sale and has an overview cost of $1.28 million. The cost turns out to $1,544 psf on the unit’s floor surface area of 829 sq ft. The apartment will be sold with available possession and on an “as is where is” basis.

Esparina Residences was completed in 2013. The unit can simply be purchased by a Singapore citizen or permanent homeowner as it is still within the 10-year duration from finalization wherein title limitations utilise. An EC assignment is privatised from the 11th year onwards post-completion, following which international buyers and corporate organizations are entitled to purchase units in the property.

The residential property will certainly attract households, as it is within 1km of schools like Palm View Elementary School at Compassvale Bow, North Vista Primary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51 along with Montfort Junior School, positioned at Hougang Avenue 8.

A vital lure of the real property is its closeness to facilities, states Edmund Tie’s Tan. Esparina Residences is nearby to Sengkang Grand Shopping Mall on Compassvale Bow, a three-storey retail store complex that started earlier on this year. The property development is 4 minutes from Buangkok MRT Terminal (North-East Line) as well as nearby bus stops. Orchard Road is 20 minutes distant by automobile via the Central Expressway (CTE), while the CBD is just over 30 minutes away.

Lentor Modern floor plan

Collectively established by Frasers Centrepoint Residences together with Lum Chang Group, the 99-year leasehold condominium has 9 blocks with 573 units. Units comprise a mix of 2-, three- and four-bedders from 829 sq ft to 2,583 sq ft. The unit up for public auction is a corner unit with sights of the pool. Tan points out the unit is “clean” and would certainly require minimal restoration by the potential proprietor. Additionally, the EC supplies comprehensive establishments, featuring a clubhouse, event space, health club, pool, tennis court plus a children’ play area.

One of the most current unit to shift controls at Esparina Residences is a 1,066 sq ft condominium on the 6th level that was sold off for $1.5 million ($1,408 psf) on June 16. The last deal prior to this was for an 829 sq ft unit on the third ground that was sold for $1.275 million ($1,538 psf) on June 1. In April, the project saw a history psf cost greater soon after a 1,001 sq ft unit on the fifth floor adjusted hands for $1.55 million ($1,548 psf).

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