Artist’s impression of the pool view at Parc Esta. Source: MCL Land

Developer MCL Land is set to open the showflat for its highly-anticipated Parc Esta development at Sims Avenue for preview on Saturday (3 Nov).

Aside from being touted as the closest private condominium to Eunos MRT station, which is only 200m from the project, it is also one stop away from Paya Lebar MRT station and a bustling commercial hub.

Paya Lebar Central (PLC) has been earmarked by the government as one of several commercial hubs to be developed outside the city centre. The area is also home to Paya Lebar Square and the SingPost Centre mall, which houses Singapore’s biggest and most technologically advanced post office.

PLC also houses Lendlease’s Paya Lebar Quarter (PLQ), a $3.2 billion landmark integrated project comprising Grade-A offices, a shopping centre and the luxury Park Place Residences condominium.

Overall, Parc Esta will contain five shops and 1,399 residential units spread across nine 18-storey blocks. Buyers can choose from one- to five-bedroom units ranging from 420 sq ft to 1,604 sq ft.

Prices will start from about $698,000 for the smallest unit. This is considered attractive as prices at Park Place Residences, the last residential project to launch in the area, start from $900,000.

Parc Esta is located on the former Eunosville en bloc site. The HUDC development was sold last year to MCL Land for $765.78 million, or $909 psf per plot ratio.

Former Eunosville residents, who each pocketed between $2.25 million and $2.41 million from the collective sale, are understood to have been invited to Parc Esta’s launch, with some potentially looking to buy units at the new 99-year leasehold development.

Moreover, the upcoming project is close to eateries in Joo Chiat and Katong, while the central business district and Changi Airport are a short drive away.

Parc Esta, which is expected to be completed by 2022, is being marketed by ERA, Huttons, PropNex and OrangeTee.

credits: propertyguru