Despite the dampening effects of the ninth round of residential or commercial property air conditioning actions that kicked in last July, Chia is “confident” concerning Parc Ko-mo’s saleability. He connects this to the sales at Park Colonial, its 805-unit, 99-year leasehold job located next to Woodleigh MRT Station. The task is 76% marketed to day, at an ordinary price of $1,730 psf.
In simply the past four weeks, more than 30 units were gotten. Park Co-lonial was introduced on the eve of the building cooling measures on July 5. At the same time, at Grandeur Park Residenc-es, just 21 units are offered. Introduced in March 2017, the 99-year leasehold private condominium at Bedok South Opportunity 3 is connected to Tanah Merah MRT Interchange Sta-tion (for the East-West as well as Downtown Lines).
The task is 97% offered to date, at an aver-age price of $1,394 psf. SRI’s Low expects Parc Komo’s purchasers to be those in the mid-30s-to-40s age group who value an easygoing lifestyle over the convenience of city living. “Provided the way of life proposal of Parc Komo, they wouldn’t mind the 25- to 30-minute drive to the CBD,” he includes. “At $1,450 psf, the job is placed as one of the most affordable estate project launch this year,” says Low. “The majority of freehold jobs today would be in the $1,600 to $1,700 psf array. At $1,450 psf, Parc Komo therefore offers po-tential cost upside.”
