If you have been waiting for the new condominium replacing the former Eunosville HUDC, the good news is... it's finally here. After a long wait, MCL Land have decided to launch it, and are naming it Parc Esta. (There seems to be a lot of condos around with the word Esta in their names.)
Parc Esta will be huge! Though not the biggest by any means. With 1399 units, it is more like 2 condos in one. But seeing that Riverfront Residences has already sold 700 units within 2 months of its 5th July 2018 launch, out of its 1400 units or so, there is no reason that Parc Esta will not do well. Especially since it has the advantage of being practically on the doorstep of Eunos MRT station. Directly across the road in fact.
On top of that, this is a city fringe location, within 10 to 15 minutes drive from the Raffles Place / Marina Bay financial districts.
MCL Land is keeping mum about the pricing at the moment. But consider that this project is just down the road from Paya Lebar Square, and Park Place Residences that pulled off a coup by managing to edge prices up from $1,700 PSF to touch $2,000 PSF. We don't expect to see $2,000 PSF for Parc Esta though, given the recent spate of cooling measures. But anything close to the Park Colonial pricing should see a good response.
Especially since Park Place Residences has practically sold out its units. It only has a few 3 bedroom units left. The others, the one and 2 bedders, and the 3 bedroom units are all sold out. So there is expected to be some pent up demand in this location as well.
The Parc Esta showflat is tentatively targeting to launch around the October / November 2018 timeframe. If you like, contact us and we will keep you posted, and send you all the updates.
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Originally Posted by PropVestor
