Parc Greenwich EC – Exciting EC Launch in Fernvale By Frasers Property

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Imagine the convenience living right opposite a mall

Parc Greenwich EC is an upcoming Executive Condominium located in a leafy and serene suburb at District 28.

Due to its family-friendly living conditions and the future developments in the area, it is bound to be a major draw for investors and home stayers alike.

Even though Parc Greenwich EC is surrounded by beautiful greenery, convenience and accessibility are also big draws for future residents.

 

Parc Greenwich Residents Will Enjoy Lovely Views All Year Round

Major expressways KPE, TPE and CTE are close by, allowing for seamless connectivity to other parts of Singapore.

The upcoming Fernvale LRT is just a few minutes away. Buangkok, Serangoon and Yio Chu Kang MRT stations are within the area too, giving residents multiple options for travelling via public transport.

Fernvale LRT Will Offer Convenience And Connectivity

One of the biggest perks of being a Parc Greenwich resident is the plethora of amenities nearby.

Seletar Mall and Greenwich V offer plenty of retail options, along with essentials like supermarkets and eateries.

Get Your Shopping Fix At Seletar Mall

A short drive away is Punggol Town Hub. It features a library, hawker center, childcare center and a good selection of health services.

Another of Parc Greenwich’s major drawing points is the lovely view of the sprawling green neighborhood, direct from the living room. Definitely a great way to enjoy a nature-centric lifestyle with the family!

In terms of schools around the area, parents can choose from a multitude of top nearby schools of all levels.

They include Brain Buttons Kindergarten, PCF Sengkang Preschool, Anchor Green Primary School, Hougang Primary School, Sengkang Green Primary School, Fernvale Primary School, Yio Chu Kang Primary School, Pei Hwa Secondary School, Hougang Secondary School, Sengkang Secondary School and Nan Chiau High School.

Schools within 1km of Parc Greenwich include Fernvale Primary School and Sengkang Green Primary School. Within 2km there is Anchor Green Primary School, Fern Green Primary School, Hougang Primary School and Rosyth School.

 

The famed Rosyth School is minutes drive away

Investment-wise, Parc Greenwich EC offers great value mainly due to the North-East masterplan.

Previously, the area used to be primarily an industrial district with minimal amenities and housing options.

The masterplan has rejuvenated the North-East, transforming it into a densely populated town with modern hubs, waterfront living, abundant green spaces and improved connectivity.

With the core of the masterplan set to take the stage in the near to mid future, residents of Parc Greenwich EC will benefit not only from world-class living conditions, but also steady appreciation of their unit’s value.

Parc Greenwich Project Summary

EC NameParc Greenwich
District28
Launch dateMid 2021
Total number of units499
Tenure99 years leasehold
Unit types3 to 5 bedrooms
Estimated pricing 3 bedrooms from 1m
4 bedrooms from 1.3m
5 bedrooms from 1.6m
(psf estimated 1100psf and onwards)
FacilitiesFull Condo Facilities Including Swimming Pool, BBQ Pits, Gym, Function Rooms Etc.
Parc Greenwich EC summary

The upcoming Fernvale LRT is just a few minutes’ walk away. Buangkok, Serangoon and Yio Chu Kang MRT stations are within the area too, giving residents multiple options for travelling via public transport.

Major expressways KPE, TPE and CTE are close by, allowing for seamless connectivity to other parts of Singapore.

Parc Greenwich Pricing and Floorplans

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Parc Greenwich Comparative Market Analysis

Parc Greenwich EC nearby comparables include High Park Residences (condo) and The Topiary (EC)

Seletar has several rather new condos such as Lush Acres, Riverbank and H2O Residences as well as older ones like Seletar Springs and Seletar Park Residences. For the sake of comparison, we will be comparing them like for like, hence using condos of similar age range.

The Topiary attained its Temporary Occupation Permit (TOP) in 2016 and has reached its minimum occupancy period (MOP) in 2021. As we see above, there has been a gradual increment in the price leading up to its eventual MOP with a flurry of transactions in the sub 1,000 to 1,100psf ranges. As it was launched at 8xx psf, this would mean a whooping 30 to almost 40% growth that The Topiary owners can expect.

Top few profits in The Topiary reaped more than 300k to 400k in profits over an 8 year period

Now, let us take look at the nearby High Park Residences, which launched in 2015. It was launched at 9xx to 1xxx psf and is currently transacting at 12xx to 13xx in its resale stage. That is also another 30% appreciation for a short runway of 4 to 5 years indeed!

High Park Residences first owners reaped in more than 300-500k in profit

Units at High Park Residences performed similarly well as well, reaping in profits of 300k to 500k, in a time span of 4-5 years. This averages an attractive annualised growth of 6 to 8% year on year!

Government masterplan and growth nodes leading to capital appreciation

How did Seletar become so attractive for capital growth and appreciation? It was largely due to the government’s plan for the North. Seletar now contains the new SGD60 million Seletar Aerospace Park which spans 140 hectares. The Seletar Masterplan as drawn by the Singapore government has measures to convert Seletar into a regional hub alongside Jurong East, Woodlands and Tampines. Also, if you look at the picture above, you would see plenty of new flats in the area. When these Housing Development Board (HDB) flats turn 5 years of age, the home owners are likely to upgrade and continue staying in a condominium in the same area. Hence, we see a huge demand of private housing in the area which has hence bolstered up the price and profits in the Seletar / Fernvale area,

Rental analysis of District 28

District 28 offers a unique lifestyle not found anywhere else in Singapore.

The lush greenery is accompanied by convenience and relatively close proximity to the town area.

This has attracted tenants looking to lay down their roots in Singapore for the long-term.

While the quantity of rental volume may lose out to other districts, the quality of tenants more than makes up for it.

After the 5 year Minimum Occupant Period, Parc Greenwich ECs unit owners who wish to lease out the unit can look forward to long-term rentals which are hassle-free and profitable.

Pricing Analysis

Due to the superb living conditions, connectivity and abundance of amenities, District 28 are highly sought after. Brand new 99 year projects are currently already transacting at 1,2xx to 1,4xx psf, with some projects even crossing 1,7xx (Nim Collection). It would be a steal for keen buyers to snag Parc Greenwich at 1,1xx to 1,2xx psf. 

As mentioned previously, the North-East masterplan is set to come to fruition in the coming years.

That is when District 28 properties will see a significant rise in value, and establish the area as one of Singapore’s hottest residential regions.

Should you invest in Parc Greenwich, the slightly higher price will be a drop in the ocean compared to the returns to be reaped in future.

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