Once upon a time, there was an estate known as Eunosville, a Housing and Urban Development Company (HUDC) estate that was built in the 80s.
In June 2017, it was sold en bloc for $765 mllion to Malayan Credit Limited Land (MCL).
The land cost worked out to be $909 psf ppr, with land size at 376,713 sq ft.
This was the third collective sale at the beginning of the en bloc fever following the collapse of the Lehman Brothers which caused a Global financial crisis.
Nine months later in March 2018, Fragrance Group bought the freehold property, Eunos Mansion, located along Bedok Reservoir Road and Jalan Eunos Estate for $220 million.
The land cost worked out to be $1,118 psf ppr.
The land acquisition cost difference between these two is $209 psf ppr.
This is a whopping 20% more than Parc Esta/Eunosville’s land price.
If you are reading this right now, this means lady luck is smiling at you today.
This is a rare opportunity.
The plantation has been purchased at a very fortunate time and price, and all you have to do to is buy this budding baby durian and watch your investment grow into a J-Queen.
The Parc Esta Lifestyle
Come 2020, Paya Lebar Quarter will be ready, giving residents of Parc Esta an overwhelming price advantage over many other condos in terms of location.
Being the heart of URA’s master plan to transform Paya Lebar into the next commercial hub outside of the Central Business District, the site will see 3 world-class towers offering workspaces, residence and over 200 retailers with indoor and al-fresco dining.
Facing Paya Lebar Square just across the road, Singapore Post has undergone a $150 million dollar revamp in upgrading amenities.
Conveniences and living necessities are neither scarce nor distant.
By 2020, the Eunos Polyclinic will be ready to serve residents.
With Eunos MRT right at Parc Esta’s doorstep, Raffles Place and City Hall is only 20 minutes away!
What about educational institutions?
Schools within 2km from Parc Esta:
- Haig Girls’ School
- Tanjong Kataong Primary School
- CHIJ (Katong) Primary School
- Tao Nan School
- Kong Hwa School