PARC ESTA - THREAD

[BabyWhale]

i stay macpherson area all my life so i really love this area hahah. can't imagine going to hougang/kovan area to begin with.

 

[NiShiZhu]

hmm his girlfriend is a property agent by profession. so far hes only mentioned that at the same budget as mine, they are able to get a 3bdr@14xx psf with Florence. And that a 3bdr has more potential for growth + easier to sell in the future.

The biggest concern when buying a mega project is competition in resale and rental.
So if one wants to buy a mega project, amenities like near mrt, malls, food are extremely impt.
PE entry price is about 200psf more than Florence, which I feel is still reasonable given one is RCR and the other OCR.
So betw PE and Florence, which one to buy should be pretty obvious.

2 cents.

 

[Shingoz]

You can also head to the Florence thread to hear their views.

I rem it's quite a distance from the train station for Florence.... They always say.... Property is all about location, location, location and.... Timing.

 

[sgpropertyhomes]

My opinion is that when you buy a place you need to know if you are buying for own stay or purely for investment. This is because there would be different consideration though some considerations would be the same. Most importantly is to enter at the right price and you must have exit strategy (in the event you need to sell). I also look at the developer to make sure that the developer has good track record (based on past projects).

Personally i like both Parc Esta and Florence Residences for different reasons.

 

[Passerboy]

My opinion is that when you buy a place you need to know if you are buying for own stay or purely for investment. This is because there would be different consideration though some considerations would be the same. Most importantly is to enter at the right price and you must have exit strategy (in the event you need to sell). I also look at the developer to make sure that the developer has good track record (based on past projects).

Personally i like both Parc Esta and Florence Residences for different reasons.

Maybe can share ur opinion on PE here

 

[Clazav]

It is usually not so clear cut. Do you think all people buying for own stay, doesn't hope for good capital appreciation and rentability at the same time? An investor would also hope that his unit is good for staying upon renting and selling to future buyers in the future.

Many agents tend to ask this question so that they know what tactics to use to influence buyers. And when buyers can't seems to settle on either side, agents tend to think that the buyers are confused. The truth is, most of the time the buyers are greedy and want the best of everything.

My opinion is that when you buy a place you need to know if you are buying for own stay or purely for investment. This is because there would be different consideration though some considerations would be the same. Most importantly is to enter at the right price and you must have exit strategy (in the event you need to sell). I also look at the developer to make sure that the developer has good track record (based on past projects).

Personally i like both Parc Esta and Florence Residences for different reasons.

 

[Taniban]

It is usually not so clear cut. Do you think all people buying for own stay, doesn't hope for good capital appreciation and rentability at the same time? An investor would also hope that his unit is good for staying upon renting and selling to future buyers in the future.

Many agents tend to ask this question so that they know what tactics to use to influence buyers. And when buyers can't seems to settle on either side, agents tend to think that the buyers are confused. The truth is, most of the time the buyers are greedy and want the best of everything.

For sure things are never clear cut but if one is forced to make a choice and choose one or the other, it does help in making your decision. It does make you sort out what is a must-have/need-to-have, or nice to have.

 

[sgpropertyhomes]

It is true that those who buy for own stay also hopes for capital appreciation (some may not admit but surely happy if it appreciates). However, they may not think so much on rentability because its a home which they tend to stay for a long period unless circumstances change. Having said that I also met people who are purely looking for a home which suits their lifestyle. So even if the property doesn't appreciate in a short period of time, it doesn't matter because after 30years it will be paid off. If you do sell your private property after 30yrs at the same price you paid for it now, it is still a cash in hand for retirement.

The reasons I like Parc Esta (for investment purposes):
- reputable developer;
- layout is good;
- near to payar lebar regional centre;
- good potential in the future because near to future payar lebar transformation.

Most importantly, the price is right - you will be paying outside central region pricing for a city fringe location. If Sengkang Grand has transacted at $1,8xx psf, I think its a no brainer if you are considering Parc Esta.

 

[Shingoz]

The reasons I like Parc Esta (for investment purposes):
- reputable developer;
- layout is good;
- near to payar lebar regional centre;
- good potential in the future because near to future payar lebar transformation.

Most importantly, the price is right - you will be paying outside central region pricing for a city fringe location. If Sengkang Grand has transacted at $1,8xx psf, I think its a no brainer if you are considering Parc Esta.

As a buyer....thanks for the endorsement.

 

[Aladdin Beast]

We have a facebook page for residents only. There are other facebook groups created by agents or developers that allows participation by vendors, so we created one for information sharing by residents only. Vendors not allowed.

Please join the group if you have bought a unit at Parc Esta. https://www.facebook.com/groups/733218763860758/

Bumping up

 

[Passerboy]

Sales at PE seems to be consistently strong.

18 units sold in first week of Dec 2019 base on caveats lodged, and it’s sales are surprisingly better than other popular new launches in 2019 such as Avenue South (1) and Parc Clematis (10) for the first week of Dec 2019.

 

[NiShiZhu]

Sales at PE seems to be consistently strong.

18 units sold in first week of Dec 2019 base on caveats lodged, and it’s sales are surprisingly better than other popular new launches in 2019 such as Avenue South (1) and Parc Clematis (10) for the first week of Dec 2019.

Bro, just a kind reminder, u better don’t say this else that usual few beh gan ones (especially those newly join this forum from edmw or those with dubious account) will accuse u r a property agent trying to push up price and sales.
They shamelessly turn a blind eye to all the examples presented here (claiming it’s just anecdotal, even when HPR saw 110+ Resales units transacted, poiz residence, NPR resales transacted in ura Site with majority of the units making a profit) and dare to make sweeping statement that property investment must be a lousy investment w/o considering facts that there are still some hidden gems around us that’s worth discussing and exploring.

 

[Passerboy]

Bro, just a kind reminder, u better don’t say this else that few beh gan ones (especially those newly join this forum from edmw or those with dubious account) will accuse u r a property agent trying to push up price and sales.
They shamelessly turn a blind eye to all the examples presented here (claiming it’s just anecdotal, even when HPR saw 110+ units resales and poiz residence transacted in ura Site with almost all units making a profit) and dare to make sweeping statement that property investment must always be a bad investment w/o considering facts that there are still some hidden gems around us that’s worth discussing and exploring.

Haha. Hopefully not.

For a balanced view point, there are projects that did better than PE- One Holland V (24 units sold and 50% sold) and there are 2019 new launch projects with zero sales for first week Dec.

 

[NiShiZhu]

Haha. Hopefully not. ******************

For a balanced view point, there are projects that did better than PE- One Holland V (24 units sold and 50% sold) and there are 2019 new launch projects with zero sales for first week Dec.

Precisely the point. Some projects are seeing good sales/good profit due to reasonable entry price/location while some projects are set to fail with poor sales/making losses due to inferior location or high entry price from the beginning. Where got such thing as making dumb and sweeping statement saying that property investment is definitely a lousy investment w/o dyodd and in-depth analysis on each and every different projects. Then what’s the point of coming to this forum to discuss on different projects? If property investment is so straight forward, might as well stay at home and stare blindly at the property price index. Come here discuss for what?

 

[Shingoz]

One Holland is the absolute dark horse. Think the developer struck lottery.

Haha. Hopefully not.

For a balanced view point, there are projects that did better than PE- One Holland V (24 units sold and 50% sold) and there are 2019 new launch projects with zero sales for first week Dec.

 

[1993newbie]

On a side note, neighbouring district launch,Urban Treasure has 0 caveat lodge.

Quite a healthy sales seen on Parc Esta on a monthly basis.

Haha. Hopefully not.

For a balanced view point, there are projects that did better than PE- One Holland V (24 units sold and 50% sold) and there are 2019 new launch projects with zero sales for first week Dec.

 

[NiShiZhu]

On a side note, neighbouring district launch,Urban Treasure has 0 caveat lodge.

Quite a healthy sales seen on Parc Esta on a monthly basis.

Not only urban treasure, project like Antares are also not selling well. (Only about 8% sold).
These two obviously are located at a much inferior location compared to parc esta and PPR.
Besides that, the price for both urban treasure and Antares are not cheap either.

 

[1993newbie]

Upcoming development will be Sims Villa. Will be interesting to see what’s the launch price and sales volume be like.

Not only urban treasure, project like Antares are also set to fail. (Only about 8% sold I Guess).
These two obviously are located at a much inferior location compared to parc esta and PPR.
Besides that, the price for both urban treasure and Antares are not cheap either.

 

[holasingapura]

On a side note, neighbouring district launch,Urban Treasure has 0 caveat lodge.

Quite a healthy sales seen on Parc Esta on a monthly basis.

Was it this developer with another project with 0 sales?

The boss still happily driving a rolls Royce lol.

 

[holasingapura]

Upcoming development will be Sims Villa. Will be interesting to see what’s the launch price and sales volume be like.

Yes. The land rate for this was pretty reasonable I recalled.