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Singapore New Launch Condo
Parc Komo is a new Freehold Condominium development by CEL Real Estate Development.
Located at Upper Changi Road North, Jalan Mariam (D17 Singapore), Parc Komo has a total plot size of approximately 200,093sqft (18,589sqm).
Find out more or enquire about Parc Komo now.
Parc Komo unit types include:
1BR [TBA]
2BR [TBA]
3BR [TBA]
4BR [TBA]
5BR [TBA]
Visit www.parckomo.newlaunches.sg for more updates and information.
Parc Komo is an upcoming Freehold mixed development by CEL Real Estate Development. It is situated in Singapore District 17 at the junction of Upper Changi Road North and Jalan Mariam. Changi Garden was successfully enbloc to this reputable developer with $288.8 million. CEL Development is the top bidder amongst the other 7 bidders to this land parcel. This mixed development has a site area of approximately 200,093 sqft and a plot ratio of 1.4 under the master plan.
Register your interest now to view the showflat, get latest information like launch date, e-brochure, floor plan and invitation to the VVIP Priority Preview.
For more new property launches, please visit Singapore Property
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The former Changi Gardens that was sold to CEL is now making a comeback as the new Parc Komo condominium. It is a freehold low-rise development in a purely private residential estate. The immediate neighbours to its north, east and west, are landed houses, mainly semi-detached houses, with a sprinkling of terrace houses.
Parc Komo itself will not be more than 5 storeys high, to fit in with the general profile of the estate, that stretches east to the Toh Close area, and north to the edge of Pasir Ris. To the west we have the mid-rise residences of Flora Drive, notable for their series of condos by Hong Leong named in alphabetical order after flowers and plants. This project will comprise 276 apartments as well as some commercial shops that will be for sale too. The shops don't just serve the residents here, but also those around the same estate.
This is a quiet charming neighbourhood, with a laid back sleepy ambience. There are no high-rises in sight at all. Yet it is actually within 5 to 10 minutes drive from Tampines and Pasir Ris town centres with their amenities, as well as Changi Business Park, Singapore University of Technology and Design (SUTD), and Changi International Airport. So there is likely no shortage of tenants, if your objective in getting a place here is to rent it out. The only drawback is that it is not within walking distance of an MRT station. So it will draw residents who like the quietness of the estate enough to bear with lesser accessibility in exchange.
The Parc Komo showflat should be opening for its launch soon, probably somewhere in the 2nd to 3rd quarter of 2019. CEL was very successful in launching Parc Colonial mid last year, and is on the way to selling out that project, with almost 300 units sold on its launch night alone. However it would be difficult to replicate that with the Parc Komo showflat launch, as the market is different post-July 2018, with a lot more options to choose from. Morever the location is not as convenient as that of Park Colonial.
Singapore New Launch Condo
Parc Komo is a new Freehold Condominium development by CEL Real Estate Development Pte Ltd.
Located at Upper Changi Road North, Jalan Mariam (D17 Singapore), Parc Komo has a total plot size of approximately 201,876sqft (18,755sqm) and consist of 276 Units + 28 Shops.
Find out more or enquire about Parc Komo now.
Parc Komo unit types include:
1BR (452 - 484sqft)
1BR+Study (549sqft)
2BR Compact (614 - 657sqft)
2BR Deluxe (721 - 775sqft)
2BR Premium (926sqft)
3BR Compact (915 - 980sqft)
3BR Deluxe (990 - 1,023sqft)
3BR+Study (1,119sqft)
4BR Compact (1,281 - 1,302sqft)
4BR Deluxe (1,410 - 1,421sqft)
5BR Luxury (1,808 - 1,905sqft)
Visit www.parckomo.newlaunches.sg for more updates and information.
Freehold Parc Komo priced at average S$1,450 psf; public preview opens May 18
Latest mixed development by Chip Eng Seng unit occupies 202,000 sq ft site; developer sees Changi's rustic charm, masterplan for the area as draw cards
Tue, May 14, 2019
CEL Development, the property development division of Chip Eng Seng Corporation, on Monday unveiled Parc Komo, a freehold mixed development in Changi inspired by the Japanese concept komorebi which celebrates the blend between nature and order.
This latest development by CEL has an average price of about S$1,450 per square foot (psf) and occupies a land area of about 202,000 square feet (sq ft).
The development comprises 10 blocks of five-storey apartments, totalling 276 units with two storeys of commercial space that comprises 28 commercial units.
Residential unit sizes range from 452 sq ft for a one-bedroom unit to 1,905 sq ft for the largest five-bedroom luxury penthouse. The indicative pricing starts at S$663,000 for a one-bedroom unit, S$871,000 for a two-bedroom unit and S$1,294,000 for a three-bedroom unit.
The public preview of Parc Komo will be held on Saturday, May 18.
Raymond Chia, group CEO of Chip Eng Seng Corporation, said: "At its highly affordable pricing, we believe that Parc Komo presents an excellent opportunity for buyers to own a piece of sanctuary and achieve a unique living experience amid metropolitan Singapore."
Chip Eng Seng bought the former Changi Garden in a collective sale at S$248.8 million in 2017. This works out to a price of S$888 per sq ft per plot ratio (psf ppr). Based on the land rate, the break-even price for a new development was estimated at about S$1,350 psf to S$1,400 psf after the bid last year.
Nicholas Mak, executive director at ZACD Group, said the development is reasonably priced, comparing it to three other developments in the area.
Casa Al Marie, a freehold development located at 75 Jalan Loyang Besar, is priced at S$1,600 psf. Coco Palms and The Jovell, both 99-year leasehold developments in the same area, are priced at S$1,238 psf and S$1,293 psf respectively.
Located in District 17, Parc Komo is situated in a region earmarked as a focal area for development and rejuvenation in the URA Draft Master Plan 2019.
Mr Chia said: "The rustic charm of Changi and the exciting masterplan for the area are major draw cards for Parc Komo. Fans of the East Coast area would appreciate the casual and easy-going vibes of Changi, as well as the long-term potential of the area."
As a business gateway, investors can look forward to rental opportunities given its proximity to Changi Business Park, Changi International Logispark, Changi Aviation Park and the upcoming Changi East Industrial Zone.
Recreational amenities located nearby also include Changi Point and Jewel Changi Airport.
Parc Komo will be accessible via the upcoming Loyang MRT Station on the Cross Island Line, expected to be completed by 2029.
Chip Eng Seng is also the developer for Park Colonial at Woodleigh, which launched in July last year. Mr Chia said despite initial slowdown due to cooling measures implemented that same month, more than 30 units have been sold at Park Colonial in the past three weeks.