Parc Central Residences
📌 Parc Central Residences Video Transcripts
Today, we are doing a one-minute review on Parc Central Residences, a very rare Executive Condominium (EC) in Tampines with the most affordable price in the East.
📌Location of Parc Central Residences
Parc Central EC is located in Tampines Avenue 10, right opposite United World College. It is a short distance from Our Tampines Hub or Tampines Regional Centre.
Nearby good schools include Poi Ching and St. Hilda Primary, within 1-2 km from Parc Central.
📌 Tampines Masterplan
Tampines residents can look forward to more facilities and parks, as there will be a new HDB town in Tampines North. The cycling network will be tripled to 21km by 2022 and a new Tampines North MRT station on the Cross Island Line.
With the upgraded cycling network, you can cycle with ease to 3 MRT stations:
- The nearest MRT station is at Tampines West(DT31), at 1.54km from Parc Central
- The Tampines MRT (EW2, DT32) interchange for East-West and Downtown line is 1.68km from Parc Central
- The newest Tampines North MRT (CR6) is 1.75km from Parc Central
All are within 2km from Parc Central residence.
These upgrades will have an impact on the future value of Parc Central.
📌 Parc Central Pricing
An executive condominium is priced 15 to 20% lower than comparable new private condos. But not everyone can buy an EC, as you need to be qualified by HDB first.
The estimated average pricing is around $1,100 per square foot. This price is much lower than nearby new launches, such as Treasure at Tampines ($1,348 psf) or The Tapestry ($1,324 psf). Nearby older completed condos, like The Alps ($1,173 psf) and The Santorini ($1,151 psf) are also selling around an average of $1,100 per square foot.
For first-time home buyers, it is a perfect option because it is affordable. You can also apply for CPF Housing Grant and deferred payment. For existing HDB owners looking to upgrade to EC, no Additional Buyers Stamp Duty (ABSD) is required.
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"Dennis came with strong recommendations from a dear friend. He helped me with the purchase of my first property. He was very patient and never once tried to hard sell me to buy a property. Dennis is a trustworthy and knowledgeable professional who I highly recommend with confidence to everyone I know!"
"Dennis was very helpful and has guided us throughout on the process. He managed to get good number of clients for viewing of our unit. He is very responsive and always readily available when needed. He has excellent negotiation skills as well when required for the deal"