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Condominium Project Details

Your new life begins at Parc Esta which is located at the doorstep of Eunos MRT station, a pivotal position amidst the emerging Regional Centre in the East. With nine 18-storey towers of one to five-bedroom homes, Parc Esta rises majestically above the streetscape on a nearly 3.5-hectare piece of land estate. You can come discover premium residences with refined touches, sumptuous realms with exciting facilities in a more than 200-metre-long garden and waterscape, and a myriad of nearby amenities which highlights its unrivaled location in the east. Perched on a huge plot of land, Parc Esta is the new residential landmark in the East. Designed for sophisticated urban living, the towers are spaced generously apart from one another to give residents a heightened sense of privacy and seclusion. Featuring stunning full-height glass facades, this architectural fascination frames the setting for 1,399 luxurious homes in a modern sanctuary of refined living.

The Location

Residents will get to enjoy an array of conveniences and amenities so close to your doorstep at Parc Esta. With Eunos MRT station just a short walk away, and only a few minutes’ drive to the Pan-Island Expressway (PIE) and East Coast Parkway (ECP), you can easily reach the Singapore Changi Airport, Marina Bay Financial Area, Shenton Way and Bugis Rochor area within minutes.

Parc Esta condominium is just a mere 3 minutes walk to Eunos MRT station and bus-interchange. Eunos MRT is located in a mature estate of Singapore and there are arrays of established amenities available such as hawker centre, bakery shops and clinics.  A property that is so near to a MRT station in a mature estate will retain its value better and would very likely appreciate in value when the market is in an upswing. I would strongly urge home buyers to come take a look at this location before they make any other decisions!

Eunos MRT is just one stop to Paya Lebar MRT Interchange which connects to the Circle Line. One can travel to Paya Lebar Square in under 3 minutes as Paya Lebar MRT is just 1 station away from Paya Lebar MRT Interchange. For frequent air travellers, taking the train to Changi Airport is a breeze. We just need to take 3 MRT stops and alight at Tanah Merah MRT station and then change to Changi Airport MRT station. For sports and fitness fans, the Singapore Sports Hub at Stadium MRT station only 4 stations away from Eunos MRT station.

 

Being just 1 MRT station to the Paya Lebar Interchange on the Circle Line brings a lot of convenience as we can seamlessly go to places such as Bouna Vista, Pasir Panjang and Bayfront MRT stations.

 

Eunos MRT station being on the East-West Line also brings a lot of convenience as City Hall MRT Interchange is just 6 stations away and it is connected to the North-South Line.

 

For myself example my workplace is at Tanjong Pagar, the nearest MRT will be Tanjong Pagar MRT station. So from Eunos MRT station to Tanjong Pagar MRT station, I will only need around 8 stops to reach the station nearest to my office. This can be done in less than 30 minutes!

The Facilities

The facilities of Parc Esta are divided into three themes: West Parc, Grand Parc and East Parc.

 

Grand Parc is theme for the main entrance, designed to give a wow factor to residents and guests arriving at the condominium. As you drive up to the grand foyer you will be greeted by a stately arrival hall where luscious openness and elegance flows throughout the expansive Signature Arrival Court. As visitors ascend the elegant stone steps, they will be held captive by the serenity of a picturesque atrium and the enjoyment of coming into an unforgettable dwelling lingersAt the heart of Grand Parc is the Majestic Tree Atrium, which sets a relaxed mood leading up to the enchanting Reflective Pond close by which is accompanied by the Sunken Party Lounge.

The East Parc is designed to be an exclusive tropical oasis just steps from your front door. You will feel a sense of openness and peace with the rhythmic rustling of green leaves and the calming turquoise waters of the 50-metre lap pool. Invite your friends and family to the poolside dotted with pampering cabanas, chill-out lounges and so much more. Book a date at the Parc Clubhouse, which is the social heart of Parc Esta. One can celebrate the best things in life in a cosy function room or at the magnificent Poolside Dining Verandah while enjoying breathtaking pool views.

For smaller parties, residents and their visitors can choose to immerse themselves in one of the Jacuzzi Pools or cosy up in one of the Luxe Cabanas or stretch out on a Sun Bed. When the weather is good there is also the outdoor Hi-Tea Pavilion for gatherings with friends to enliven your afternoons. Even our furry friends will have an expanse to call their own at the Paws Playground for pets. I particularly like the facilities included for fitness buffs like me. I can head over to the indoor Fitness Suite or the Bars & Steps Fitness Station and with a jog or stroll, explore the hidden gardens, nature trails, and more exercise spots such as a Tennis Court and a Multipurpose Court. At the Wi-Fi Pavilion, visitors can gain access to stylish workstations and seating to keep them network-ready in comfort. I can easily spend my entire weekend just on the East Parc of the property!

The third area named the West Parc, is surrounded in lush terraced landscaping suitable for families and kids. The lagoon pool is filled with activities that are rare to find in one property development. From pool amusements to waterfront revelries, BBQ parties to children’s celebrations, water fitness to quiet lounging with nature. Bubble Jets and Water Jets offer magical spots for small children to play in while you can relax at the Body and Foot Massage Jets or the children can immerse themselves in the Kids’ Water Playground where they can take delight in the rhythmic displays of fascinating water sprays while you are snuggled down at the Beanbag Lounge. All these happening within your reach to your kids close proximity. At Parc Esta, there’s always room for family bonding through fun and games at the outdoor facilities. Have a birthday bash with a splash! The unique Kids’ Party Pavilion right by the main pool offers sheltered seating and ample room for entertainment, play, rest and dining. Even the playful wall offers snug alcoves that inspire imaginative activities. Just steps away are the Junior Glamping Lawn complete with tepees and campfire-inspired lighting to indulge young explorers in rustic-style enjoyment amidst modern comforts. For the adults, the there is an Aqua Gym for stress-free workouts or you can indulge your senses, and your green thumb, in the lush surrounds of a Herbs Garden.

The Amenities

Residents in the East are spoiled for choice when it comes to learning institutes and centres. Parc Esta is surrounded by these well-established Primary schools.

 

Within 1 km of Parc Esta:
Haig Girls’ School
Eunos Primary School

 

Within 2 km of Parc Esta:
Tanjong Katong Primary School
CHIJ (Katong) Primary
Tao Nan School
St. Stephen’s School
Kong Hwa School
Maha Bodhi School
Telok Kurau Primary School

Discover balanced live, work and play excitement at Paya Lebar Square, a hyper-modern regional centre just 1 MRT stop away. The famous Parkway Parade is also a mere 6 minutes drive away. It is the retail hub of Marine Parade and boasts extensive fashion, lifestyle, cinema and medical centres. For the young and hip, 112 Katong Mall is the go-to place for laid back dining, movie watching and numerous cafes along the nostalgic Katong area.

 

Residents can look forward to exciting activities which many people have not attempted such as cycling to Gardens By The Bay at Marina via the Sims Avenue Park Connector located near Parc Esta. Non-cyclists can take 4 MRT stops to Stadium MRT station and experience the multi-billion Singapore Sports Hub. This multi-purpose facility houses the Kallang Wave Mall, Kallang Leisure Park and the Singapore National Stadium with plenty of indoor and water sports arenas.

 

Dinners at Parc Esta is an enjoyment any day of the week, Neverending variety of food within a short walking distance located at Eunos Crescent Market & Food Court. The must-try dishes there are the Lor Mee and Indian Biryani, One of the most established food centre called the Old Airport Road food centre is only 2 MRT stops away and over there you can expect to find every local dish that ever existed in Singapore!

Price Analysis

Comparing with two other relatively new condominium along adjoining MRT stations, Parc Esta is expected to be selling around current market average. Sims Urban Oasis launched in back in 2015 and is currently transacting on average of $1,503 psf with a historical high of $1,702 psf on June 2018 for a 441 sqft unit. Park Place Residences raised eyebrows in 2017 when it launched and sold units above the $2,000 psf mark and is currently transacting on an average of $1,768 psf with its historical high being $2,281 psf for a 484 sqft unit in April 2018. Following property trends, Parc Esta would probably be selling nearer to a $1,7xx psf average if not for the latest round of July 2018 Property Cooling Measures.

Properties near MRT in Singapore generally can command a higher selling price due to the added conveniences being so close to an efficient train network brings about. Below is a list of properties along the East-West MRT line within walking distance to the station and their transacted average prices.

 

  • Bugis MRT – Duo Residences – transaction average $2,140 psf
  • Kallang MRT – Kallang Riverside – transaction average $2,409 psf
  • Aljunied MRT – Sims Urban Oasis – transaction average $1,503 psf
  • Paya Lebar MRT – Park Place Residences – transaction average $1,768 psf
  • Bedok MRT – Bedok Residences – transaction average $1,536 psf
  • Tanah Merah MRT – Grandeur Park Residences – transaction average $1,519 psf

Parc Esta is expected to transact at an average of $1,5xx psf which is pretty fair value comparing to the other properties along the same stretch of MRT stations. Statistically prices of newer property launches tend to creep upwards due to developers outbidding one another on this land-scarce island. But because the latest round of property cooling measures have not had much time to soak into the market before Parc Esta is launched for sales, they will be selling with caution at a lower than ideal price from the developer. Homebuyers can also take note that there is another confirmed plot of land to be sold in the vicinity of Parc Esta to other developers in the near term and this would most likely happen after when most of the reservations from this round of latest cooling measure somewhat subsided. Homebuyers should see prices resume creeping upwards and the next plot of property would probably set a new price standard higher than the average of $1,500 currently.

Summary

Meticulously landscaped, decent unit to unit distance, inside a matured town estate which is practically near to anything one would need. I can imagine living here at Parc Esta will easily please any age group of home owners. MCL Land has always been renowned for their designs but surely bringing all fantastic facilities together into this mega land plot of almost 4 football fields size, their certainly outdid themselves this time. The prospect of buying a property so near to the upcoming Paya Lebar hub and other well established amenities and offices down the line feels like a sure bet for me given time. Although selling prices is nothing to wow at for bargain seekers but this is fair value at a more than fair location for me. The proximity and convenience to Singapore’s city centre is already enough to sway most homebuyers but when we couple that with a beautiful lasting design inside a condominium, one should really consider taking a look at Parc Esta before deciding on anything else.