Parc Esta by MCL Land former Eunosville HUDC. Hoardings have been put up around two plots totalling 422,275 sq ft that will be developed into Paya Lebar Central (PLC), a massive mixed-use scheme by a 70:30 joint venture (JV) between Abu Dhabi Investment Authority (ADIA) and Australian property group Lendlease.
The company has many successful residential developments in Singapore such as Oxley Tower, The Rise @ Oxley, The Flow, Sixteen35 Residences, Sea Pavilion Residences, Floraville, The Midtown & Midtown Residences, Flora vista Floraview, Devonshire Residences, Parc Somme, Viva Vista, Vibes @ Kovan, Vibes @ Parc Esta Eunos East Coast, Vibes @ Upper Serangoon, Pesto @ Upper Serangoon, Loft @ Stevens, Loft @ Holland, RV Point, Suites @ Braddell, Oxley Bizhub, Oxley Bizhub 2, and including other new launches such as Kent Ridge Hill Residences, Riverfront Residences, Mayfair Gardens, Affinity at Serangoon and The Addition.
The price submitted for the plot of land was also the second highest after Farrer Court in 2007 which indicates that developers are optimistic about real estate market in Singapore and the limited plots of land under the Government Land Sales Programme isn't enough to keep the appetite of the developers in the currently upbeat real estate market.
Archibold, therefore, expects to see a similar profile of occupiers as those at The Metropolis at one-north, which has two office towers with 1.1 million sq ft. The Metropolis is located next to the Buona Vista MRT station, also an interchange station for the East-West and Circle lines, but in the western region.
With a huge land size, there will be a gymnasium for residents daily run cardio, a big standard size swimming pool for those who like swimming, BBQ area, dining area, clubhouses and elevated decks for families to hold functions and gatherings with family and friends, a tennis court due to its huge land size and definitely, a beautiful landscape for Parc Esta New Condo residents to feel welcome when returning home.
Furthermore, with the amazing location of Parc Esta you won't have any trouble finding great education facilities for your children, the condo is located very close to various world-class schools like for example, Tanjong Katong Secondary School, Tanjong Katong Girls' School, and Haig Girls' School.
If you are travelling to Changi Airport MRT Station from Eunos MRT Station it will take you 21 minutes and cost you $1.41. Changi Airport MRT Station is along the East-West Line and thus you will not need to switch to another train line to get to Changi Airport MRT Station.
Parc Esta is located between Sims Avenue and Changi Road in the Eunos Estate where it is easily access to Eunos Mrt and Paya Lebar Mrt - 1 station away from Eunos Esta is also conveniently within reach to hawker centre, wet market , bus interchange and shopping malls such as Paya Lebar Square , One KM Mall ,Bedok Mall and more….
The sale price works out to a land cost of about $909 psf per plot ratio on the potential gross floor area, inclusive of an estimated differential premium payable to the state to top up the lease to a fresh 99 years, and for redevelopment of the site to a gross plot ratio of 2.8.
Homebuyers can also take note that there is another confirmed plot of land to be sold in the vicinity of Parc Esta to other developers in the near term and this would most likely happen after when most of the reservations from this round of latest cooling measure somewhat subsided.