Parc Centros more than 80% sold in just four days
520 out of 618 units of the only condo in Punggol offering 5-unit bedroom were snapped up as of July 25.
According to agents from Propnex Realty, remaining units since July 21 launch are mainly one bedders with sizes ranging from 463-474 sqft while three bedders of around 990sqft to 1507 sqft are selling like hotcakes.
Units of this latest offering from Wee Hur Holding were sold at an average price of $950psf.
Market observers attribute the good sales at Parc Centros to the popularity of Punggol and accessibility of the project to MRT and future shopping amenities.
“This project might be the fastest selling project for the year. The strong take-up though is not surprising. Other private condos in Punggol that are near the MRT station like Caspian, Optima, Waterbank were sold out within few weeks,” a market watcher said.
Parc Centros is located in front of the Punggol bus interchange right at the doorstep of Punggol MRT station and Waterway Point – the first mega shopping mall in Punggol with a 1000-seat theatre and a wide range of dining and retail choice. A hawker centre will also be built nearby.
Parc Centros is accessible to major express ways, TPE, KPE. It is also minutes away from Suntec City and Marina Bay Gardes by Car.
“The biggest worry about investing in Punggol is the supply overhang in the near term; too many executive condominiums which drag down prices of private condos; recent downtrend in median prices of past projects; pollution and distance from the city proper,” another market watcher said.
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