Parc Esta Eunosville HUDC Enbloc MCL Land
Parc Esta is a new 99 years leasehold development that is the former Eunosville HUDC Enbloc. The top bid for the estate was submitted by Jardine Matheson Group Unit by MCL Land and marks one of the most iconic enbloc plots of land sold to a private developer. Eunosville was previously a 330 unit HUDC estate that which is the fourth successful collective sale to be concluded in 2017. The price submitted for the plot of land was also the 2nd highest after Farrer Court in 2007 which indicates that developers are optimistic about real estate market in Singapore and the limited plots of land under the Government Land Sales Programme is not enough to sustain the appetite of the developers in the currently upbeat real estate market. For buyers who is interested in Executive Condominium, please kindly see Piermont Grand Executive Condominium located right in the heart of Paya Lebar.
Parc Esta MCL Land Eunos
Parc Esta Former Eunosville HUDC is a unique development with a wide frontage onto Changi Road and Sims Avenue. Parc Esta has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Eunos. More info on new development Riviere Frasers Property can be found here. Riviere is located at the heart of the Singapore River and is home to many of the developments located in the city and near to former Zouk Club.
Parc Esta Condo sites on a prime piece of land which represents a timely investment for MCL Land to replenish its land banks. At that time of acquisition, Eunosville has a balance lease of 71 years left and the collective sale is timely for the residents as well due to the aging building structure. Based on the collective sale price as well as the land size and the plot ratio of Parc Esta MCL Land, an estimated 1399 units can be build on the plot of land.
Former Eunosville Maisonettes and Walk Up Apartments
Parc Esta is the former Eunosville estate that is a privatized HUDC that was build in the 1980s that consist of 330 units located in the plot of land next to Eunos MRT Station. The collective sale is the 2nd highest ever achieved after the sales of Farrer Court which is the present D’Leedon. Analyst note that the price paid for the plot of land is reasonable given the upswing market and the plot of land was sold to Jardine Matheson Group which is a unit of Hongkong Developer MCL Land. Eunosville HUDC consist of 255 maisonettes over 6 residential unit blocks and 4 walk-up apartment blocks with 75 units. The expected selling price based on the acquisition price is around $1,700 – $1,750psf.
Parc Esta Site Plans and Floor Plans Available Here
An estimated $194 million is required to top up the land to a fresh 99 years lease and currently, the lease of the land is at 71 years. Parc Esta can be redeveloped into a luxury condominium with a plot ratio of 2.8 which now sits on a 376,713sqft of prime piece of land next to Eunos MRT Station. Parc Esta is primely located near to many amenities such as Eunos Crescent Market and Food Centre as well as other local markets such as Geylang Serai Market and Food Centre. Parc Esta offers unparalled convenience for grocery shopping as well as transport options as it is located next to Eunos MRT Station as well as Eunos Bus Interchange.
Parc Esta Former Eunosville
Parc Esta Condo is also strategically located with many shopping centres located around in the vicinity. For example, the popular Geylang Serai Market and Food Centre, Paya Lebar Square as well as One KM Mall is located near to Parc Esta Eunos MRT Station. Parc Esta MCL Land Condo is also located near to East Coast Park where plenty of outdoor families are available for residents to spend some quality time with their family.
Parc Esta Collective Sales This Year
The recent collective sales for Eunosville marked the 4th collective sales this year after One Tree Hill Gardens, Rio Casa as well as Goh & Goh Building. Even though the collective sales market has started to pick up again, developers are still taking into consideration the cooling measures such as the Additional Buyer’s Stamp Duty as well as Total Debt to Service Ration (TDSR) and are still cautious on their bids. This means that Eunosville bid is not excessively high and therefore buyers of Parc Esta MCL Land are not paying too high a price for the development.
MCL Land a Singapore Subsidiary of Hongkong Land
The company Hongkong land was created in 1889 and is now listed as a top property management and investment company. The Hongkong land company performance is based on its honest efforts, excellence, and corporation.
Hongkong land group has its offices in different cities of Asian. Mainly its two prime offices are at China in Hongkong and Beijing and one is located in Malaysia in Singapore. This business is managing a property of around 850,000 square meters. That property mainly deals with head offices and retail luxury property. Hongkong land group make agreements with worldwide countries and are progressing effectively to attract leading firms and renowned brands.
MCL Land Developer Projects in Singapore
MCL Land is known for its quality furnishings that it incorporates into the units of its various projects. For example, other developments by MCL Land such as Sol Acres EC in Choa Chu Kang, Lake Grande, Lake Ville in Jurong as well as J Gateway in Jurong East has received great reviewers on the quality of the furnishings provided by the developer. MCL Land Parc Esta is also close to East Coast Park which is easily accessible via Still Road by driving where plenty of outdoor activities are available for the residents to indulge in.
Parc Esta Location at Eunos MRT Station
Parc Esta Enbloc will be accessible with the East Coast MRT Station (EW7) on the East West MRT Green line. Also, for owners who are taking buses, there are several buses available along Sims Avenue and Changi Road. For owners who are traveling to the city, Parc Esta MCL Land is located right next to Pan Island Expressway (PIE) and minutes away from Central Expressway (CTE).
Parc Esta is also near elite schools such as Haig Girls’ School, Tanjong Katong Girl’s School and Tanjong Katong Secondary School.
Parc Esta Changi Road Register Interest
A wonderful and unique lifestyle awaits you at Parc Esta enbloc right in the heart of Eunos. Please see Parc Esta site plan and floor plans for more information.