Parc Esta, a 99-year leasehold new launch project in Eunos by MCL Land has managed to sell a total of 329 units on its opening day of sales (on 17 November 2018).
The most well-received unit types were the 1-bedroom and 2-bedroom units. Their size ranges between 420 – 624 sq feet and 581 – 1,023 sq feet respectively.
The average price of the units sold was $1,680 psf.
According to MCL Land, the firm is happy with sales result from the first day of Parc Esta. They believe that it will continue to do well from month to month.
It was noted that Parc Esta condo is being designed by P&T Group, an award-winning architectural company.
The new condo at Eunos comprises a total of 9 residential blocks (18 storeys each), housing 1,399 private home. It spans across a land area of around 377,000 sq feet; formerly the site of ex-HUDC Eunosville.
Market watchers have mentioned that one of the main draws of Parc Esta is its location. It is just 3 minute’s walk away to Eunos MRT Station and one MRT stop away to Paya Lebar Central. The heart of Paya Lebar is currently going through a huge rejuvenation with Grade A offices and a brand new shopping mall coming up.
Back in June of 2017, MCL Land acquired Eunosville for $765 million via a collective sale. The land cost worked out to be around $909 psf ppr.
Approximately 10 private residential projects have been launched since the announcement of new property curbs on 06 July 2018 and Parc Esta is the 5th residential project after Riverfront Residences, Affinity at Seragoon, JadeScape and Stirling Residences to have more than 1,000 units within a single development.