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08-02-2020, 02:25 PM
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Senior Member
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Join Date: Mar 2017
Posts: 49
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Parc Central Residences at Pasir Ris Central to be launched in 2020
Parc Central Residences is a white site next to Pasir Ris MRT Station, and it was awarded to Allgreen Properties and Kerry Properties by HDB. The winning bid is nearly $700 million, which works out to $684.48 per square foot per plot ratio (psf ppr) based on total gross floor area of 1.02million sqft.
The estimated breakeven price of Parc Central Residences is around $1,176 psf. Parc Central Residences launch price may range from $1500 psf onwards.
Parc Central Residences takes only 8-10 min drive to reach airport. With the newly completed Project Jewel and on-going Terminal 5 expansion, more employment will be drawn to the area in the next decade. Not only that, Parc Central Residences is close to Tampines Regional Center as well as Loyang Industry estate.
Coming to 2029, with the completion of 1st phase of Cross-island Line linking Changi to Bright Hill, Pasir Ris station will become an Interchange. The new line will shorten journey time to other parts of Singapore by upto 70 mins, it will also serve as alternative to East-West Line when it’s fully completed.
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