CEL Growth, the home advancement division of Chip Eng Seng Corporation, on Monday introduced Parc Komo, a freehold blended growth in Changi inspired by the Japanese idea komorebi which commemorates the blend in between nature as well as order.
This latest growth by CEL has a typical cost of concerning S$ 1,450 per square foot (psf) and also inhabits an acreage of about 202,000 square feet (sq ft). The development consists of 10 blocks of five-storey houses, completing 276 units with two storeys of commercial room that comprises 28 business units.
Residential unit dimensions vary from 452 sq ft for a one-bedroom unit to 1,905 sq ft for the biggest five-bedroom high-end penthouse. The a measure prices starts at S$ 663,000 for a one-bedroom unit, S$ 871,000 for a two-bedroom unit and also S$ 1,294,000 for a three-bedroom unit.
The public sneak peek of Parc Komo will be hung on Saturday, May 18. Raymond Chia, group Chief Executive Officer of Chip Eng Seng Firm, stated: “At its highly budget friendly pricing, we believe that Parc Komo offers an excellent possibility for customers to have a piece of shelter and achieve a special living experience amid cosmopolitan Singapore.”
Chip Eng Seng got the previous Changi Yard in a cumulative sale at S$ 248.8 million in 2017. This exercises to a rate of S$ 888 per sq ft per story proportion (psf ppr). Based upon the land price, the break-even price for a brand-new development was approximated at concerning S$ 1,350 psf to S$ 1,400 psf after the proposal in 2014.
Nicholas Mak, executive supervisor at ZACD Team, said the advancement is fairly priced, contrasting it to three various other developments in the area. Casa Al Marie, a property development located at 75 Jalan Loyang Besar, is priced at S$ 1,600 psf. Coco Palms as well as The Jovell, both 99-year leasehold advancements in the exact same location, are valued at S$ 1,238 psf and also S$ 1,293 psf respectively.
Situated in District 17, Parc Komo is situated in an area set aside as a focal location for development as well as renewal in the URA Draft Plan Of Attack 2019. Mr Chia stated: “The rustic beauty of Changi and also the exciting masterplan for the area are major draw cards for Parc Komo. Followers of the East Shore location would certainly value the laid-back and carefree feelings of Changi, as well as the long-term potential of the location.”
As a business portal, financiers can eagerly anticipate rental opportunities provided its distance to Changi Organization Park, Changi International Logispark, Changi Aviation Park and also the upcoming Changi East Industrial Zone.
Recreational services located nearby provide consist of Changi Factor and also Gem Changi Flight Terminal. Parc Komo will come through the upcoming Loyang MRT Terminal on the Cross Island Line, expected to be completed by 2029.