Parc Central Residences EC Price List
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(All prices for Parc Central Residences displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)
Parc Central Residences will be the first executive condominium launch in the east of Singapore since 2012. Its design concept is of a New York Central Park inspired sanctuary. With a football field-sized landscape featuring an 80m lake pool, elevated gym, and NYC steakhouse style gourmet dining.
The Parc Central Residences price list will likely be released about two days before the booking day, as is the general practice for most ECs. But the indicative pricing will likely be released before that.
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Hoi Hup Realty and Sunway Developments submitted the highest bid of SGD$434.45 million to clinch this EC site, from a field of seven bidders. Their winning bid was only 0.7% higher than the second-highest bid.
This works out to a land cost of $578 per square foot per plot ratio (PSF PPR), close to those of the previous three EC winning tenders.
The robust bidding for the Parc Central EC parcel reflects the scarcity of EC development sites in mature housing estates in general, and in Tampines in particular. In fact, the last time an executive condo was launched in Tampines, was CityLife six years ago.
After taking into account all the development and related financing and marketing costs, we are probably looking at break-even in the region of $1,0xx PSF.
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