Despite these upcoming facilities, the developer has launched Parc Komo at an average rate of $1,450 psf. “Such rates for a brand-new property project is really tough to repeat. A lot of leasehold jobs are already valued over that,” says Chip Eng Seng’s Chia.
Unit sizes vary from 452 sq ft for a one-bedroom apartment to 1,905 sq ft for the largest five-bedroom penthouse. As of Aug 5, the job is 40% sold, with all the one-bedroom units totally marketed throughout the launch weekend. Costs for the equilibrium units start from $881,000 for a one-bedroom-plus-study to $2.56 million for a five-bedroom penthouse.
Chia includes that Parc Komo is low-rise at simply five storeys, unlike most of the various other condos in the location which are skyscraper. “Being mixed-use with the comfort of the future retail and also F&B electrical outlets, it’s suitable for both owner-occupiers as well as capitalists that are planning to rent their units,” he shares.
According to him, over 80% of the buyers are Singaporean, with the bulk currently staying in the vicinity. Thus, they know with the area as well as like the location.