Your place of residence highly determines your standard of living. If you are interested in leading a unique and pleasant lifestyle, then Parc Canberra Condominiums are your best option. It boasts of an elegant design surrounded by all essential facilities. It is located at the heart of the Canberra Link and is under Hoi Hup Realty and Sunway Developments. Its prime location makes it ideal for everyone. The Executive Condominium is a few minutes away from the Canberra MRT Station as well as the Canberra Plaza.
There is probably everything you could ever need at the Parc Canberra EC Hoi Hup ranging from a tennis court, swimming pools to children’s playgrounds. It is the ideal place for families and friends. The serene environment will ensure that you will lead a productive and conducive lifestyle.
As mentioned earlier, Parc Canberra EC lies in a prime location thanks to Hoi Hup Realty and Sunway Developments. Transportation to and from the condos is relatively easy. The MRT station is just minutes away, and those travelling by road can take busses along Canberra and Sembawang roads. It is also near Central Expressway. If you have kids, you can also take them to the elite schools nearby such as the Chongfu School, Northland Secondary School and Sembawang Primary.
You can choose from the many layouts available at Parc Canberra EC. Whether you are interested in buying a place to stay or an investment, you can be assured of finding the ideal design. Note that, when purchasing the unit, you could have it furnished or come as it is. To fully understand the layout of the executive Condominium, you can have a look at the site plan. You will observe that other than the condos, there will be a full-size swimming pool, a baby pool, tennis court as well as other facilities.
Due to its proximity to Sembawang Shopping Centre, your shopping needs will be a few minutes away. You can access the different stores available in this mall at your convenience. The shopping centre has three basement parking lots you can, therefore, drive there if you so wish. Additionally, the Parc Canberra by Hoi Hup Realty and Sunway Developments is also near Canberra Plaza. It is home to several supermarkets, fast food restaurants, clinics and much more. To make your visits to Canberra Plaza from Parc Canberra Canberra MRT Station even more accessible, there will be a footbridge looking the two. Since the MRT Station is close by. Matters regarding logistics will be covered. Transport will be more efficient for those who are working further away.
Parc Canberra EC is the place to be. Not only are they cheaper than private condos, but there is a lot to gain by investing in a property there. You can also expect to get discounts of up to 9%. The Parc Canberra Hoi Hup on its own is self-reliant and has lots of amenities. Also, it’s located to nearby shopping centres such as the Sembawang Shopping Centre, Canberra Plaza and much more.
In an amazing development in the situation the entire Phoenix Heights have been sold as one investment to an associate of OKP Holdings. The delightful properties will make a sound addition to their portfolio and will be a reliable gem for continued returns. This move signals that the market is still very buoyant and despite some of the gloomier predictions, appears to have plenty of legs in it yet.
USB Holdings Pte Ltd won the bidding process with an offer of S$33.1 million allowing them to secure the 99 year lease on the property. According to a public statement made by OKP Holdings the purchase was completed ‘after taking into account the prevailing market conditions’ as well as the ‘prices of surrounding properties’.
The large 3,971.0 sq m property has been zoned for residential use but with demand for housing remaining high the new owners should have no problems putting their investment to work at once. Buying the Phoenix Heights Enbloc may have appeared to some to be a rash move but given the market signals and the company’s shrewd past investments this news could be a signal to others that the property market is far from cooling.
Construction of Phoenix Heights was completed around 50 years ago. The property still has 50 years left on its lease but the new owners, OKP Holdings have announced that they plan to apply for a new 99 year lease and there is no reason to think that they will be refused this.
The OKP Group also clarified that they would be using internal funding mechanisms to support their purchase and, where necessary, bank loans would be used to shore up the difference. To date the initial tender deposit of S$180,000 has been paid already and another 10% of the total purchase price is due to be paid within 14 days.
Anna Tan, the ERA Realty senior division director, was taken aback but very pleased as she said ‘The deal was closed after the new measures so it was quite a surprise’. Anna Tan was referring to the new measures recently introduced in an attempt to cool the property markets. However, as this sale shows, those measures have not succeeded in cooling the markets while OKP saw their own shares rise slightly by 2.27% or around half a Singapore cent.