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

Esparina Residences, an executive condo situated on Compassvale Bow, is set to be sold at an auction with Edmund Tie on July 27. This mortgagee sale has a guide price of $1.28 million, which works out to $1,544 per square foot ($psf) based on the 829 sq ft unit. This two-bedroom apartment is being sold with “as is where is” and in vacated possession.

Located in Sengkang, Esparina Residences was completed in 2013 and has nine blocks of 573 units with a mix of two-, three- and four-bedders. As this property falls within the 10-year period, only Singapore citizens or permanent residents can purchase the unit, however once the project is privitised, buyers and corporate entities will be able to purchase as well.

The unit up for sale is a corner unit with views of the pool and is very well-kept, and would require minimal renovation. Additionally, the executive condo 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 sold for $1.5 million ($1,408 psf) on June 16. A 1,001 sq ft unit on the fifth floor changed hands for $1.55 million ($1,548 psf) in April, setting a record psf price high.

For those looking for a home in Tampines, the newly-launched Tampines condo is a perfect choice. The development boasts luxurious homes fitted with quality appliances. Residents will be able to enjoy the environment-rich amenities such as tennis courts, swimming pools, and gyms. Furthermore, the location offers the convenience of shopping, dining and entertainment all in one place. With its great accessibility to public transport such as MRT and bus stop, it is definitely a great choice for potential homeowners.

Esparina Residences offers close proximity to amenities and is in close proximity to Sengkang Grand Mall, Buangkok MRT station and nearby bus stops. A drive to Orchard Road has a 20 minutes drive via the CTE, furthermore, the CBD is just 30 minutes away.

In terms of schooling, this property is within 1km of 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 located at Hougang Avenue 8, making it an ideal option for families.

Joy Tan, Edmund Tie’s executive director and head of auction and sales, believes this property will appeal to many due to its range of amenities. With a guide price of $1.28 million, this property surely won’t last, so be sure to take a look!