- Property type: Executive Condominium
- Property Location: D27 Sembawang / Yishun
- Offer type: For Sale
- City: Singapore
- Neighborhood: Sembawang
- T.O.P: Estimated Q1 2023
- Lot size: 194,187 square feet ft²
- Tenure: 99 years Years
- No. Of Units: 495 Residential Units
- Developer: Hoi Hup Realty and Sunway Group
- PSF ($): $1050 psf
Parc Canberra EC - Reviews
PARC CANBERRA EC | SEMBAWANG | LEASEHOLD | HOI HUP REALTY AND SUNWAY GROUP
The Parc Canberra EC is the new executive condominium development located in the centre of Canberra, found in Singapore’s District 27. Consisting of one residential blocks that will include approximately 495 residential units, the development covers a total of 194,187 square feet which will include a wide range of upscale facilities such as tennis courts, indoor and outdoor pools, a hawker centre and more. The Parc Canberra development offers a 99 years leasehold and is being constructed by the renowned development teams of Hoi Hup Realty and Sunway Group.
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Last Updated: 4th December 2022
The development pair were able to secure the land parcel in July 2019 after beating out eight competing bids with their winning bid of $271 million. This sale price translates to an approximate cost of S$558 per square foot.
In addition to the public transportation, the North South Corridor will offer drivers a direct route from Parc Canberra EC into the city. The new expressway is set to be completed in 2026 and will take residents of Sembawang directly into the most important areas of Singapore.
The Parc Canberra EC development is strategically located on what is being transformed into a connectivity hub that includes the upcoming Canberra MRT Station just 400 meters away, as well as a newly-constructed Canberra Plaza right beside. The Sembawang Integrated Hub, Bukit Canberra, is also located just across the street from the luxury executive condo.
As an executive condominium project in Singapore, those who are able to meet the purchasing criteria to buy a unit will find that they receive unmatched value.
WHY THE PARC CANBERRA EC CONDO DEVELOPMENT?
Luxury Living in a Green Community
The best part about the location of the Parc Canberra EC is that the portion of Sembawang where it will be built is being transformed into a spectacular 12-hectare sport and community hub that residents will be able to enjoy on a daily basis. The Bukit Canberra is set to open progressively from 2020 and will offer a variety of indoor/outdoor sports facilities, a hawker centre, green areas for community gardens, a senior care facility and much more. The forest-style hub is ideal for those who want to live in a luxurious executive condo in Singapore, yet have an incredible feel of community just outside their home.
Furthermore, the strategic location of the Canberra Parc EC means that residents are just a short way from many of Singapore’s best shopping centres and amenities. The Sun Plaza, Canberra Plaza and Sembawang Shopping Centre are all located quite close to the development, giving residents easy access to all their shopping needs.
The proximity to Sembawang Park also means that those living in the
Parc Canberra Executive Condos can enjoy even more green spaces just outside their door. With walking paths, the natural Sembawang Beach and stunning colonial houses, the park is the perfect way to escape city life without having to go far.
The Parc Canberra Executive Condos are Connected
One of the main advantages of the Parc Canberra development is that it provides a sense of relaxation and peacefulness with its stunning nature views, while still keeping residents connected to everything that they need.
The Parc Canberra will be extremely close to the currently developed Canberra MRT Station, which will sit just a five-minute walk away from the development With several different buses running from Canberra and Sembawang, there are many options for transport throughout the city.
Drivers will be able to take advantage of the the Parc Canberra EC being located right next to the North South Corridor, which will be completed in 2026. The brand new expressway will provide commuters with a fast, direct route from Sembawang directly into the city.
The Canberra Plaza, an all-new 120,000 square foot, three-storey plaza, will also be opening right next to the Parc Canberra condo development. This means that residents will have a wealth of shopping, dining and nightlife options just a short walk away, while still enjoying the quiet of their executive condominium.
The Parc Canberra is Ideal for Family Living
Parc Canberra is the perfect place for residents with children, as it allows parents to get away from the busy city centre and enjoy the recreational activities with their kids that comes with the space of the Sembawang.
Schools Near the Parc Canberra EC
There are a number of top educational institutions close to the
Parc Canberra development that are suitable for students of all ages.
The Parc Canberra nearby schools include:
Northoaks Primary School
Northland Secondary School
Sembawang Secondary School
Canberra Secondary School
Parents with younger children have many options for both primary and secondary education in the area. The development is designed to make transport to-and-from all of the nearby schools very easy, so that parents save time each day. This added convenience makes the Parc Canberra EC an attractive development for young families.
Family Spaces Near the Parc Canberra EC
The development is situated near many green corridors, most notably the Bukit Canberra integrated hub. The plans for the hub include all sorts of activities that families will benefit from, such as a forest playground for children, a natural setting pool, an entire swimming complex and more.
There will also be a polyclinic, childcare options and many walking spaces surrounding the Parc Canberra Executive Condo development, giving parents everything they need for their children just steps away.
Top Class Amenities in the Parc Canberra EC
Developers Hoi Hup Realty and Sunway Group are known for developing executive condominiums that include the best facilities that cater to all aspects of condo living. The Parc Canberra is no different, as the development plans show that there will be a wide range of premium facilities and amenities within the development.
The Parc Canberra amenities include:
A 24/7 Guard House
Indoor Gym Facilities
Indoor/Outdoor Swimming Pool
Sun Deck with Barbecue Areas
Private Carpark for Each Unit
All the residents will be able to make use of the amenities in the Parc Canberra while enjoying the remarkable views of the Sembawang.
The Parc Canberra Floor Plans
The Parc Canberra is designed to accommodate everybody from young professionals to large families with their various condo offerings. The Parc Canberra floor plans range in size from single bedroom condos that cater to those living alone, as well as couples, all the way to massive 5-bedroom condo units for multi-generational families.
While the exact Parc Canberra floor plans have not been made available yet, below are estimations of the unit sizes based on the developer’s plans:
1-Bedroom 470 – 550 square feet
2-Bedroom 590 – 720 square feet
3-Bedroom 904 – 1163 square feet
4-Bedroom 1184 – 1281 square feet
5-Bedroom 1490 square feet
The Parc Canberra EC Prices
While the Parc Canberra prices per unit are not currently available, it is expected that the psf of the Parc Canberra will be between S$950 and S$1,100 for the 495 residential units in the development.
As the developers Hoi Hup and Sunway were able to secure the land parcel for an incredible price of just S$271million, their break even price on the project works out to only S$558 psf ppr.
This offers potential buyers of the Parc Canberra a top investment opportunity to become part of the transforming Sembawang region, while also offering amazing upside for the property values in the future
Parc Canberra is an Executive Condominium
The Parc Canberra differs from standard developments as it is an executive condominium in Singapore.
Executive Condominiums in Singapore are in High Demand
An executive condominium in Singapore is a hybrid housing project that is a combination between private and public. This means that the residential development is subsidized in part by the Singapore government, meaning that buyers can expected between a 20% to 30% reduction in price compared to that of surrounding developments.
The fact that the prices are significantly discounted, as well as the fact that the public nature of the building means that the government contributes to general upkeep and amenities in the future, makes executive condos in Singapore extremely rare.
Parc Canberra Prices Offer Great Value
One major benefit for any Singaporeans who own an executive condominium such as the Parc Canberra is that they will benefit from the lowered prices upon purchase. Since the housing is subsidized by the government, the prices can expected to be just ¾ of other privately-sold condos in the emerging Sembawang area.
For those looking to make a profitable real estate investment for the future while enjoying all the high class amenities and exceptional facilities that the Parc Canberra will offer, there has never been a better buying opportunity.
Potential for Future Appreciation
Another benefit to purchasing a unit in the Parc Canberra EC is that all executive condominiums are eligible to be sold on the open real estate market once the Minimal Occupational Period has been met.
Once you have met the Minimal Occupational Period, you are able to sell your unit in the Parc Canberra at the prices of private condos in the region. This means that you immediately gain a 20% to 30% appreciation of the value of your unit just by completing the occupational timeframe.
This, combined with the opening of the Canberra MRT Station, the Canberra Plaza, the Canberra Bukit and the North South Corridor opening, shows the potential for the Parc Canberra EC as a profitable investment for the future.
The Parc Canberra EC Developers
The developmental partners of Parc Canberra EC are the renowned team of Hoi Hup Realty Pte Ltd. and Sunway Developments. The pair will bring their strong reputations as luxury condo developers across Asia together on a project that is sure to make Parc Canberra one of the most sought-after executive condos in Singapore.
About Hoi Hup Realty Pte Ltd
Founded in Singapore in 1983, Hoi Hup Realty is an established niche property developer that has successfully completed a diversified portfolio of property developments comprising private condominiums, landed housing, executive condominiums and mixed-use commercial developments. To-date Hoi Hup has delivered more than 7,300 quality homes in some of Singapore’s most recognizable developments.
With an eye for details and a passion for excellence, the Hoi Hup team has gained invaluable knowledge and experience from the numerous projects they have successfully completed. This has led to them being awarded over 26 awards for their excellence in development of residential buildings in Singapore.
About Sunway Developments
Established in 1974, Sunway Group is one of Malaysia’s largest conglomerates with core interests in property, construction, education, and healthcare. With over 16,000 employees operating in 50 locations worldwide, they are renowned for developing a wide range of property types such as residential, retail, hospitality, leisure, healthcare, education, commercial, trading and manufacturing.
Sunway Group’s unique build-own-operate business model powers the growth of sustainable communities and integrated townships, which they will be bringing to the Parc Canberra EC project.
Get More Information About the Parc Canberra Now
If you are ready to experience executive condo living in Singapore and take advantage of all the first class amenities and facilities that the Parc Canberra will offer, then we are ready to assist you.
As the Parc Canberra is an executive condo, there will be an exceedingly high demand the moment that the residential units become available. That is why we encourage anybody interested in learning more about the Parc Canberra prices, Parc Canberra floor plans and Parc Canberra investment opportunities to contact us right away.
Parc Canberra Price Range
2 + Study : $868,000
3 Bedroom : $855,000 – $1,112,000
3 Bedroom + Utility : $958,000 – $1,111,000
3 Bedroom + Utility + Yard : $994,000 – $1,199,000
4 Bedroom + Utility + Yard : $1,210,000 – $1,395,000
5 Bedroom + Utility + Yard : $1,490,000 – $1,630,000
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Parc Canberra EC - FLOOR PLANS & UNIT TYPES
Parc Canberra EC - Price
- ID: 6461
- Published: September 11, 2019
- Last Update: March 26, 2020
- Views: 18582