Parc Canberra Executive Condominium Review
Most recent Update! With the electrical switch, most showflats are shut, however you can in any case see the Parc Canberra showflat by means of a 3D showflat visit
Here’s connection to the 3D Showflat Tour at Parc Canberra.
The experience is very strange – you can wander around the void showflat, see the venture model and furthermore look at the 2 showunits.
These are the showunits:
3BR+Utility+Yard Ground Floor unit (Type C6-G)
As can be seen from the Parc Canberra Balance Units Chart, type C6 units are as yet accessible
5BR Penthouse (Type E1-PH)
With respect to the 5BR units, there is just 1 stack – Stack 27, and these were sold out rapidly directly from the dispatch of this venture.
Most recent Update! Parc Canberra Showflat is open
Parc Canberra EC Showflat Directions
In the event that you are searching for a survey of the impending Parc Canberra EC, we have some extraordinary data available for you.
Parc Canberra is the freshest leader condo that is scheduled for dispatch in Q1 2020. It is arranged at the convergence of Canberra Link and Canberra Walk.
Parc Canberra EC is an energizing dispatch for various reasons.
To start with, it is the most up to date EC dispatch in the northern area of Singapore for as long as 3 years, so there is some interest expected to develop for it. The latest ECs around the region incorporate Northwave, Brownstone, Visionaire and Parc Life, which have all sold well indeed. Their exchange costs gives us a smart thought for Parc Canberra valuing.
Second, it is the main EC to be so near a MRT station at dispatch. The Parc Canberra Executive Condo is just 350m away from Canberra MRT station, which opened on November 2019.
Third, there is a change in the northern locale which will profit the inhabitants incredibly. A portion of the changes incorporate Bukit Canberra, a $1.5 billion games and local area center covering 12 hectares. There is likewise the North South Corridor, a coordinated vehicle hallway to be finished in 2026 that will significantly lessen voyaging time from the north to downtown area. You can allude to the Canberra URA Master Plan, and Woodlands Regional Center for additional subtleties.
Fourth, Parc Canberra is the principal EC to be dispatched quickly following the amendment in EC Eligibility Conditions. The pay roof for ECs was brought to $16,000 up in September 2019, and alongside CPF Housing Grants for ECs, has made ECs more reasonable for a many individuals.
Parc Canberra eBrochure Download (Latest Update!)
We’ve tracked down the most recent refreshed eBrochure with the Site Plan and Floor Plans.
To download a duplicate for yourself, look at this connection.
Parc Canberra EC Developer
The engineer of Parc Canberra is Hoi Hup Realty and Sunway Developments, which have shaped a consortium Hoi Hup Sunway.
This consortium has made various effective undertakings, including Rivercove Residences at Anchorvale Lane, Miltonia Residences at Miltonia Close and the well known DBSS The Peak at Toa Payoh.
The standing and past history of the designer is significant in light of the fact that it affects property costs.
Hoi Hup Realty Pte Ltd
Hoi Hup Realty Pte Ltd is a grounded property engineer situated in Singapore.
Under Hoi Hup Group of organizations, their portfolio sports improvements like Residences @ Killiney, Shelford23, Suites @ Cairnhill, Charlton Villas, De Royale and then some.
Most strikingly, Hoi Hup was the engineer for the exceptionally mainstream Hundred Palms EC, which sold out every one of the 531 units on booking day, inside 7 hours.
Regardless of whether Parc Canberra will continue in the strides of Hundred Palms EC stays not yet clear; be that as it may, we are in any case watching this dispatch intently.
Sunway Developments Ptd Ltd
Sunway Developments Pte Ltd is an entirely auxiliary of Sunway Concrete Products (S) Pte Ltd, a Sunway Group organization. They are in association with worldwide financial backers, for example, Government Investment Corporation of Singapore (GIC), Malaysian Provident Fund (EPF), Kuwait Finance House (KFH) and Goldman Sachs, Sunway Reit is additionally the biggest Malaysia Reit regarding resource size just as free buoy.
Sunway is additionally one of Singapore’s driving solid precasters in Singapore. The organization has projects in both public and private areas, and has dealt with a few Design and Build Projects, for example, lkea @ Tampines and The Meadows at Punggol, Design-Build-Sell-Scheme on R&D exercise to carry out imaginative items, for example, pre-assembled latrine frameworks and lift moving up to oblige the necessities of the steadily evolving market.
Parc Canberra EC Location
Parc Canberra is found simply 350m away from the recently opened Canberra Station.
It is arranged in a great area, as it is additionally directly alongside Canberra Plaza, and well inside heading out distance to Sun Plaza at Sembawang, and Northpoint City at Yishun.
This implies that occupants are very much presented with a wide scope of conveniences well inside strolling and open to voyaging distance for feasting, amusement and shopping.
Parc Canberra Project Details
Some significant insights regarding Parc Canberra:
Engineer: Hoi Hup Sunway Canberra Pte Ltd
Address: Canberra Link
Locale: D27 Sembawang, Yishun
Land Tenure: 99 years leasehold
Expected TOP: Q3 2022
Site Area: 194,187 sqft
Complete number of units: 496
Unit Mix: 3-5 room (with 1 unit 2-room)
Parc Canberra Site Plan
Parc Canberra Showflat
The Parc Canberra showflat is found right next to Sembawang MRT station.
In the event that you leave the train station and stroll towards Sun Plaza, the showflat is simply on the left. Now recorded as a hard copy, the showflat stays under development, however we are informed that it will open on 31 Jan 2020. Inquire here for more data in the event that you are quick to know when it is opened.
Parc Canberra Floor Plans
The Floor Plans for Parc Canberra has been delivered, look at this connect to download: Parc Canberra eBrochure Download.
Parc Canberra Pricing
The dispatch cost of this advancement is maybe the most appropriate inquiry for our perusers. Now, the evaluating has not been settled at this point, and we comprehend that it will probably be valued from $1,000 to $1,200 psf.
We should do a more profound examination of the evaluating.
In the first place, the Canberra Link EC Site that Parc Canberra sits on got 9 offers in all, with Hoi Hup Realty and Sunway Developments being granted, at their offer cost of $271 million, meaning $558 psf ppr (per square foot per plot proportion).
Considering different expenses, like development and promoting, the breakeven cost for the engineer is $931 psf ppr.
Presently, in the event that you are thinking whether Parc Canberra is overrated, we have more data for you.
There is a plot of land just alongside the Parc Canberra site that was sold on 11 October 2019. This is the Canberra Link plot, offered to MCC Land.
Our hawk looked at perusers will see a couple of significant things about this new site.
It is more modest than Parc Canberra (coming in at 16,690sqm contrasted and 18,040sqm), yet its offer cost is higher at $566psf, which at that point means a higher breakeven cost at $941, contrasted and Parc Canberra’s $931.
This supports the pattern in the property scene – property costs will get increasingly costly.
Then, different ECs around Parc Canberra are now moving toward the $1,000psf mark, with Parc Life coming to $1,080 psf over the most recent a year.
Quite possibly the main improvements in the zone is Bukit Canberra. It is a 12 hectare space previously reported in 2016, and will give conveniences, for example, a peddler place, indoor and open air sport offices, a polyclinic, a senior consideration community, green spaces for local area cultivating and way of life related conveniences for the local area. It is situated around a little ways from Sembawang MRT station, and simply inverse Parc Canberra.
Bukit Canberra will likewise see the biggest ActiveSG rec center with indoor and open air pools. There will be 3km of running path just as an organic product plantation and medical services choices, for example, a polyclinic and senior consideration place.
It is required to be completely operational by September 2021.
Schools close to Parc Canberra
On the off chance that you are a parent considering if Parc Canberra will be the ideal area for your family, it is close to various great schools, including essential and auxiliary schools:
Sembawang Primary School
Wellington Primary School
Attempt Primary School
Canberra Primary School
Canberra Secondary School
Given all the above data, we think Parc Canberra merits paying special mind to, for the most part since it is the primary EC dispatch just after the expansion in EC pay roof, from $14,000 to $16,000. This implies that a ton of families who beforehand weren’t qualified are currently qualified, and there will be interest to tap on the capability of ECs.
Being the main EC in 2020, the dispatch designers will have their eyes on, on the grounds that it will set the benchmark for the market’s hunger for psf. On the off chance that Parc Canberra can undoubtedly clear the market at $1,100psf, this gives ensuing engineers more motivation to change their evaluating upwards.
Then, Sembawang is going through a change, with Bukit Canberra, Canberra Plaza, and the North-South Corridor becoming an integral factor inside the following not many years, which will give the territory a significantly required revitalisation.
In the event that you were on the lookout for an EC, this is an ideal opportunity to act.