Analyst from CBRE expects the Parc Esta Price to be about $1700 psf to $1750 psf averagely when it starts selling in second half of 2018.
Parc Esta presents a very good window of opportunity for both investors and buyers who are looking to buy it as their home stay. This project is so well located, being just directly opposite Eunos MRT and being just one stop away from Paya Lebar, which is a Sub Regional Centre in the making. The government has been trying to decentralise the central business district to suburban area, so as to bring jobs closer to homes and also to make the city less congested, hence, coming up with Regional Centres around Singapore. The Regional Centres in Singapore are located in Tampines, Jurong East, Woodlands, and Seletar, and Sub Regional Centres are located in Serangoon and Paya Lebar. As it is, Paya Lebar is already well connected area, with MRT station connected via the East West Line and Circle Line, and this area is home to various commercial buildings which houses SMEs and MNCs. In the next few years, we can see the completion of Park Place, a huge mixed development by Lendlease, which is going to consist of 2 office buildings, a shopping mall and blocks of residential apartments. Park Place completion period still has a few years to go, but several big MNCs and government agencies have already committed to rent the office space, taking up several floors each. The residential units of Park Place Residences are selling at an average of $2000 psf, and that is the reason why Parc Esta will be a very attractive investment, as they are only 1 stop away from Paya Lebar, and yet, potentially much cheaper. People whom don’t enjoy the hustle and bustle of a CBD like area will also appreciate that they are far away from the crowd.
The Parc Esta Floor Plan will mostly likely consist of 1 to 5 bedroom unit and strata landed houses to cater to families of various demographic and we can be sure that layout will be efficient and landscaping will be beautifully done.