Duplex penthouse at Parc Imperial for sale at $1.78 mil

The district 5 Parc Imperial is set for an upcoming auction on June 21 and the luxurious duplex penthouse on sale will be available for private treaty negotiation. With a guide price of $1.78 million and a floor area of 1,195 sq. ft, this high-end property offers a great investment opportunity.

The unit consists of a living and dining area with a balcony, kitchenette, household shelter and powder room on the lower floor and an en suite master bedroom along with a connected open-air balcony plus two more en suite bedrooms on the upper floor.

This freehold condominium offers 138 units and was completed in 2010 by Fragrance Group, located just 200 m from Haw Par Villa MRT Station on the Circle Line. Additional road connectivity is offered through West Coast Highway and Pasir Panjang Road.

Comparing the area to its new launches, the local district is a shining star! Oxley Holding’s The Verandah Residences with 170 units and the Kent Ridge Hill Residences with 250 units, both located on Pasir Panjang Road, sold out in record time. The project on Yew Siang Road, Terra Hill with 270 units, sold 102 units (38%) in its initial sales launch in February this year with an average price of $2,650 psf.

Despite the new projects, Parc Imperial commands a decent average selling price of $1,766 psf, according to property resale data over the last 12 months. The highest unit sold over the past 5 years was a 1,948 sq ft, three-bedroom duplex penthouse at $1.95 million $(1,001 psf) in December 2021.

Rental data for Parc Imperial reveals an average price of $7.35 psf per month (pm). This is higher than surrounding condos such as The Orient at Pasir Panjang Road ($5.38 psf pm), Horizon Residences at Pasir Panjang Hill ($4.63 psf pm) and The Peak @ Balmeg on Balmeg Hill ($4.03 psf pm).

Parc Imperial enjoys close proximity to established business centers such as Mapletree Business City, Alexandra Technopark, the National University of Singapore and one-north business district, plus the inviting Southern Ridges with its 10 km park that connects local parks and nature reserves. Furthermore, this area is primed to experience new growth with the upcoming Greater Southern Waterfront, its 30 km long stretch from Gardens by the Bay East to Pasir Panjang including housing and wetlands.

The lush landscape of The Myst Condo is one of the major draws. This is not simply a place to call home – it’s an entire lifestyle. The condo offers a tranquil sanctuary away from the hustle and bustle of the city. Residents can enjoy a wide range of recreational activities, ranging from health and wellness facilities to swimming pools and a sky terrace.

Being close to Bukit Panjang gives its residents all the convenience and flexibility of the city while still maintaining a peaceful and relaxed atmosphere. Shopping malls, healthcare centres, and entertainment spots are all within easy reach. Families with children will love the convenience of having nearby educational institutions, ranging from primary to tertiary.

The Myst Condo is an ideal choice for those looking for a luxurious home close to public transportation. The various amenities and green spaces are certain to provide memorable experiences that will last a lifetime.

This excellent investment opportunity in district 5 promises access to key amenities content plus an ideal location for future growth.