Bank sale of two-bedder at Esparina Residences EC for $1.28 mil

Esparina Residences is located at Compassvale Bow. It is an executive condo (EC) comprising of nine blocks with 573 units of two-, three- and four-bedders from 829 sq ft to 2,583 sq ft. Completed in 2013, the 99-year leasehold condo will be put up for auction by Edmund Tie on July 27. The two-bedroom unit, which has a guide price of $1.28 million and a floor area of 829 sq ft, will be sold on an “as is where is” basis.

The unit can only be purchased by a Singapore citizen or permanent resident, as it is still within the 10-year period from completion in which ownership restrictions apply. An EC project is privatised from the 11th year onwards post-completion, with foreign buyers and corporate entities eligible to purchase units in the development then.

Residents of Zion Road Condo can also benefit from the various amenities and public transportation options available in the vicinity. The condo is steps away from the Bendemeer MRT Station, which provides convenient access to the rest of Singapore. It is also surrounded by shopping outlets, eateries, banks, supermarkets, and recreational centres, offering a variety of leisure activities for the residents.

Joy Tan, Edmund Tie’s executive director and head of auction and sales, states that the unit is “well-kept” and would require minimal renovation by the future owner. It also enjoys views of the pool and is four minutes away from Buangkok MRT Station (North-East Line) with nearby bus stops.

This property is an attractive option for families, with its proximity to amenities like Sengkang Grand Mall and nearby schools like Palm View Primary School at Compassvale Bow, North Vista Primary School at Compassvale Link, Punggol Primary School at Hougang Avenue 8, Yio Chu Kang Primary School at Hougang Street 51, and Montfort Junior School at Hougang Avenue 8. In addition, it offers full facilities such as a clubhouse, function room, gym, pool, tennis court, and a kids’ play area.

The most recent unit to change hands at Esparina Residences was a 1,066 sq ft apartment on the sixth floor that was sold for $1.5 million ($1,408 psf) on June 16. The last transaction before that was for an 829 sq ft unit on the third floor that was sold for $1.275 million ($1,538 psf) on June 1. In April, there was a record psf price high when a 1,001 sq ft unit on the fifth floor was sold for $1.55 million ($1,548 psf).

Orchard Road is 20 minutes away by car via the Central Expressway (CTE), while the CBD is over 30 minutes away.

Esparina Residences is an ideal choice for those seeking a well-maintained unit with full amenities and close proximity to schools. Its location and accessibility also make it attractive to potential buyers.