Parc Esta Review

MCL Land’s Parc Esta, the highly anticipated new launch at District 14, managed to sell 329 units on the first day of sales on Nov 17, 2018. This works out to 73% of 450 units released. To date, more than 80% of the 1399 units have been sold, largely due to its great location.

Parc Esta sits on a site in between two arterial road which are Sims Avenue and Changi road in District 14. District 14 is classified as part of Rest of Central Region (RCR) of Singapore. It is conveniently located opposite Eunos MRT Station (EW7), just a mere 3 minutes walk from Parc Esta. In addition, the location in close proximity to the the upcoming Paya Lebar Business Hub. This project appeals to buyers who like the East with its proximity to the beach, leisure activities and yet close to the downtown area and the airport.

Parc Esta Details

Being one of the largest residential sites in Eunos, Parc Esta has 1399 residential units over a large land parcel of 377,000 sqft area. It has nine 18-storeyed blocks, and designed with full-height glass exteriors to maximize the views of the surroundings. Developer MCL Land won the bid for the collective sale for the former privatised HUDC Eunosville in 2017 at S$ 765.78 million. The sale price, with the addition of an estimated $194 million in extra government charges, works out to a land rate of $909 psf ppr.

Project Name	Parc Esta
Address	900 to 916 Sims Avenue, Singapore
District	14
Developer	MCL Land (Everbright) Pte Ltd (Co. Reg. No. 201700249G)
Developer’s License No.	C1288
Site Area	34,997.8 sqm / 376,716,32 sqft
Architect	P&T Consultants Pte Ltd
M & E Consultant	Rankine & Hill (S) Pte Ltd
Structural Consultant	KCL Consultants Pte Ltd
Landscape Consultant	Ecoplan Asia Pte Ltd
No. of Storeys	18
Mukim Lot No.	Lot 04132L MK 23
Site Use	Residential Flat Developement
Tenure	Leasehold 99-years from 12 July 2018
TOP Date	Dec 2022
Total No. Of Units	1,399 Units & 5 Shops Units
No. of Car Park Lots	1,122 Carpark Lots and 9 Handicap Lots

Parc Esta Location

Parc Esta’s location is very accessible to many amenities in the area. It is just a short 3-minutes walk to Eunos MRT Station (EW7). Parc Esta is one MRT station away from Paya Lebar MRT Station (EW8/CC9) which is an interchange for East-West line and Circle line.

This new launch condo is also within a short drive away from East Coast Park and Katong area where more amenities and leisure activities can be found. Those who drive can access to Pan Island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE) and East Coast Parkway Expressway (ECP) easily.

Shopping malls like Paya Lebar Square, Singpost Centre, KINEX and the new PLQ Mall are within the vicinity.

In terms of schools, Haig Girls’ School and Eunos Primary School are within 1-kilometres to Parc Esta. Some other notable primary schools within 2-kilometres includes Maha Bodhi School, Kong Hwa School, Toa Nan School and Tanjong Katong Primary School.

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Amenities Near Parc Esta Condo and Their Approximate Distances

Category	Amenities	Distance (Approx)
MRT	Eunos MRT	0.24km
	Kembangan MRT	1.04km
	Paya Lebar MRT	1.18km
Primary Schools	Eunos Primary School	0.72km
	Maha Bodhi School	1.2km
	St Stephen’s School	1.48km
	Tanjong Katong Primary School	1.48km
	CHIJ (Katong) Primary	1.51km
	Telok Kurau Primary School	1.65km
	Tao Nan School	1.65km
	Kong Hwa Primary	1.9km
Supermarkets	NTUC – Blk 5 Eunos Crescent	0.36km
	NTUC – Joo Chiat Complex	0.6km
Shopping Malls	Joo Chiat Complex	0.6km
	Singpost Centre	1.09km
	KINEX	1.15km
	PLQ Mall	1.18km
	Paya Lebar Square	1.2km

Parc Esta Site Plan

Parc Esta Floor Plan and Unit Types

Parc Esta Condo comprises of 1399 residential units in total, ranging from 1-bedroom units to 5-bedroom units.

No. of Bedrooms	Unit Type	Area (sqft)
1 Bedroom	A1 – A2	420 – 452
1 Bedroom + Study	AD1 – AD2	517 – 527
2 Bedrooms	B1 – B4	581 – 635
2 Bedrooms + Study	BD1 – BD3	829 – 840
2 Bedrooms Premium	BP1 – BP5	700 – 743
3 Bedrooms	C1 – C3	904 – 926
3 Bedrooms + Study	CU1 – CU2	958 – 1001
3 Bedrooms Premium	CP1 – CP2	1023 – 1033
4 Bedrooms	D1 – D2	1119
4 Bedrooms Premium	DP	1227
5 Bedrooms	E	1399

1 Bedroom Floor Plan

2 Bedroom Floor Plan

3 Bedroom Floor Plan

4 Bedroom Floor Plan

5 Bedroom Floor Plan

Is Parc Esta A Good Buy?

The main selling point of this porject is the location. Being located opposite a MRT station, this project will be highly sought after by families and couples with children as well as investors who are looking rent out their investment property. Currently, there is no big condominium development at Eunos, hence when Parc Esta TOP, it does not have to compete with other condo for the pool of tenants. Moreover, being located near to a MRT,  this will definitely attracted tenants.

In term of pricing, comparing to nearby larger condominiums that TOP in last 5 years, the average PSF for Parc Esta is somewhere in the middle between Park Place Residences and Bedok Residences.

Project Name	Tenure	TOP	Average PSF (last 1 year)
Parc Esta	99 yr	2022	$1,695
Park Place Residences	99 yr	2019	$1,754
Bedok Residences	99 yr	2015	$1,452

Additionally, with the masterplan stating that the Paya Lebar Airbase is going to be relocated by 2030. There are definitely potential for growth in this location. Hence, Parc Esta is definitely worth to consider for investment if you are looking for high appreciation potential.

Conclusion

My rating for this development is as follows:

Pricing: 4/5

Location: 4.5/5

Quality: 3.5/5

Overall: 4/5

Contact us if you are interested to make an appointment to view the Parc Esta Showflat.