ReviewsParc Esta Review: Opposite MRT, Close To Paya Lebar Quarter

  • by
  • December 18, 2019
  • 22 min read
parc esta condo review

Our Verdict: Parc Esta

75%
  • Transportation Links
    4/5
  • Surrounding amenities
    4/5
  • Development facilities
    3/5
  • Price
    4/5

Parc Esta is great for families with young children due to the plethora of child facilities and schooling options. However being in a Mature estate, we think that for families who prefer quieter regions, it's best to look elsewhere.

Reviewed by Reuben on 18 December 2019

What we like
  • Opposite MRT
  • Small balconies for more indoor space
What we don't like
  • Limited facilities for number of units
  • Traffic on main road
About this condo
Project:Parc EstaDistrict:14
Address:Sims AvenueTenure:99 years
Site Area:376,716 sqftNo. of Units:1,399
Developer:MCL Land LimitedTOP:2022

With over 5,000 different faces turning up at the Parc Esta’s launch on 17 November 2018, it isn’t surprising that Parc Esta one-upped Parc Clematis’ 324-unit launch day sale.

To date, more than 68% of its near 1,400 units have already been snapped up by – an incredible testament to the condo’s warm affinity with the public.  

Pieced together by a string of award-winning creators and luxury appliances (Smeg and Hansgrohe pop to mind), it’s heartening to know that developers MCL Land are not just banking on the condo’s incredible locale to make their mark. 

Needless to say, however, living 3-minutes from the Eunos MRT might just come with some added perks. This, off the latest news of Paya Lebar’s impending overhaul

Adorned with ‘full-height glass exteriors’, future residents of Parc Esta eagerly await the completion of its nine 18-storeyed blocks come end 2022. The promise of unbridled views over the low-rise eastern Singaporean landscape providing just one of many pulls to homeowners and investors alike.   

Add in its incredibly reasonable quantum (against both neighbours and market) plus sizable room for appreciation growth, and Parc Esta seems to check all the boxes in the right departments. 

Now let’s see if its showroom will live up to its incredible hype and our (slightly overenthusiastic) expectations! 

Insider Tour

Facilities in Parc Esta
Water BedsJacuzziBarbeque Pit
Kid’s Water PlaygroundPavilionLawn
Beanbag LoungePalm PoolFitness Pavilion
Aqua GymHerbs GardenChildren’s Playground
Outdoor Multi GymBicycle Lift50m Lap Pool
Wi-Fi PavilionClubhouseCabanas
Sun BedsFitness SuiteChanging Rooms
Hammock ParkFern GardenTennis Court
Multipurpose CourtJogging Trail
Parc esta showflat
Parc Esta showflat

For those that like big sprawling developments with an entire spectrum of facilities, Parc Esta is probably one that is on your radar. It is quite similar to the recently reviewed Parc Clematis, with this one being the representative of the Eastern region of Singapore.

Parc esta showflat model entrance
Parc Esta main entrance

At 376,716 square feet of land size, the Parc Esta is quite a bit smaller than Parc Clematis but with an almost similar number of units (1,399 vs 1,478). So it is definitely more dense and you can expect it to feel more crowded overall. On the flip side, Parc Esta is in an arguably better location (especially if you favour the East side).

Parc Esta model
Multi-purpose court

After scouring through the showflat model, it is immediately noticeable that there is just the one multi-purpose court and tennis court. For a development with 1,399 units that is quite a cause for concern. If you are the sporty type that uses these facilities a lot you are going to face a ton of competition for those weekend slots.

Parc esta lagoon
360-degree lagoon

On the other hand, the 360-degree lagoon looks to be the hallmark of the Parc Esta’s facilities. Similar to the concept of the lagoon at the Clement Canopy, this one at the Parc Esta looks to be on an even bigger scale. I think with the right greenery and landscaping it will certainly be a very lush tropical place to relax in.

parc esta lagoon
Artist impression of the lagoon
Parc esta Swimming pool
50m Lap Pool

If you want to do some proper laps, there is still the regular rectangular shaped swimming pool. A 50m length is just about what you’d expect, but compared to the extravaganza of swimming pools at Parc Clematis, it seems a bit tame over here at the Parc Esta.

Parc Esta 1 Bedroom + Study Review

parc esta 1 bedroom plus study floorplan

At 517 square feet, the 1 bedroom plus study unit at the Parc Esta is just about an average size as compared to most new launches today. The first thing you’d notice is the larger than usual kitchen as well as the big entranceway, which is never a good thing.

Parc esta 1 bedroom plus study entrance
Entrance to the 1 bedroom unit

As mentioned, the entranceway to the 1 bedroom unit is really big. At this point, you’d be forgiven for thinking you have walked into a 4 or 5 bedroom apartment. It’s very much unusable and inefficient use of space especially given that space is a premium in a 1 bedder unit.

Parc esta 1 bedroom plus study entrance
Almost the space of a small study
Parc esta 1 bedroom plus study
Large kitchen

For a 1 bedroom unit, the kitchen is without a doubt a very well sized space. There’s plenty of room to move around and the countertop plus storage space is generous. If cooking is important to you, this would be an ideal choice.

Parc esta 1 bedroom plus study kitchen
Washing machine + storage
Parc esta 1 bedroom plus study bathroom
Master bathroom

The bathroom is averagely sized and is in keeping with what you’d expect nowadays. Strangely enough, the bathroom is located opposite the kitchen (with the study in between the bathroom and master bedroom). This means you do not have direct access to the bathroom from your bedroom! I understand that if the bathroom is isolated it is better for when you have guests over, but unless you have guests over all the time I would very much prefer to have the bathroom right next to the bedroom instead.

Parc esta 1 bedroom plus study dining
Dining room (or rather dining space)

The biggest downside to the bigger kitchen space is that it has to come at the expense from somewhere else, which in this case is the dining room. From here you can see just how little space there is for it. It’ll probably be better to try and extend the kitchen counter and use it as a dining table as well.

Parc esta 1 bedroom plus study living
Living room

The living room space isn’t terribly big as well, but it is adequate for the usual suspects like the couch, coffee table and (small) TV console.

Parc esta 1 bedroom plus study balcony
Balcony

The balcony area is a good size, with space for some plants or a small table and chairs to chill on the weekends.

Parc esta 1 bedroom plus study study room
Study room

The study room is very decent if you were to use it as a study/home office. Alternatively, you could use it as a second (small) bedroom too.

Parc esta 1 bedroom plus study bedroom
Master bedroom

The bedroom is on the small side, with really only enough space for the queen sized bed itself. The floor to ceiling window here is great but because of the AC ledge on the outside, it can’t be extended all the way unfortunately.

Parc Esta 2 Bedroom + Study Review

parc esta 2 bedroom plus study floorplan

Size-wise, the 840 square foot 2 bedroom plus study unit is bigger than average for the unit type. Overall it is quite an efficient use of space, but the big entranceway is again really wasteful in my opinion.

Parc esta 2 bedroom plus study entrance
Entrance to the 2 bedroom unit

The two plants here really emphasise how much of an excessive space the entranceway takes up. If only this was at some other location of the unit, it could be converted into something more useful. But at the entrance, it’s tough to do anything else but more storage.

Parc esta 2 bedroom plus study kitchen
View of kitchen and living room

Once you get over the shock at how big the entranceway is, the next few steps will lead you to the kitchen and a view of the living/dining.

Parc esta 2 bedroom plus study kitchen
Kitchen

The kitchen is quite small for a 2 bedroom unit but the good news here is that it is an enclosed one.

Parc esta 2 bedroom plus study living dining
Living Room
parc esta 2 bedroom plus study dining area
Dining Area

Next up, the dining area is quite well sized. You are definitely able to fit a proper dining table here without intruding into the living or entrance to the hallway.

Parc esta 2 bedroom plus study living room
Living room

The living room is slightly narrow but it is quite long. So you can easily fit a good sized TV console and a very large screened TV if you want too!

Parc esta 2 bedroom plus study balcony
Balcony space

The balcony is not big in comparison to the rest of the unit. Still, it is adequate enough for some seating.

Parc esta 2 bedroom plus study common room
Common room

The common room is on the small side, but the big floor to ceiling windows make up for it.

Common Bathroom
Parc esta 2 bedroom plus study study room
Study room

The study room is really impressive in size. This could almost be used as another bedroom (with a single bed).

Parc esta 2 bedroom plus study master bedroom
Master bedroom plus wardrobe

The master bedroom is top-notch too. With the large floor to ceiling windows and a “walk-in wardrobe,” it is bigger than most equivalent 2 bedroom units that you’ll come across.

Parc esta 2 bedroom plus study master bedroom
Master bedroom view

It’s not a super gigantic size by any means, but that additional space by the wardrobe does wonders in making the space feel a lot more substantial.

Parc esta 2 bedroom plus study master bathroom
Master bathroom

Finally, here is the master bathroom. It’s average in size, and there is nothing to complain about here.

Parc Esta 3 Bedroom + Study Review

parc esta 3 bedroom plus study floorplan

At 958 square feet, the 3 bedroom plus study unit at the Parc Esta is definitely on the small side. However, on a good note, it is very well laid out and makes use of the limited space well (other than the entrance, but what’s new).

Parc esta 3 bedroom plus study entrance
Entrance to the 3 bedroom unit

As with the other 2 units that you’ve seen previously, the 3 bedroom unit has a really redundant entranceway.

Parc esta 3 bedroom plus study entrance cabinets
Cabinet space

On the right, before you get to the kitchen there is some very useful cabinet space.

Parc esta 3 bedroom plus study kitchen
Kitchen

The kitchen is definitely small, especially for a 3 bedroom. It is enclosed, but there is no yard or wet kitchen here.

Parc esta 3 bedroom plus study dining area
Dining room

Although the layout is very similar to the 2 bedroom plus study unit, the dining room here falls short of the standards of the former. It’ll be tough to fit any dining table beyond a 4 seater here.

Parc esta 3 bedroom plus study living room
Living room

The living room is small too, it’s really not a great space for a 3 bedroom unit. You can fit a small couch, coffee table and TV console but it will feel squeezy for 4 to 5 people to sit here.

Parc esta 3 bedroom plus study balcony
Balcony

Balcony is small for a 3 bedroom unit, so most of the space is reserved for indoor living. Which is a good thing here considering how small the unit already is.

Parc esta 3 bedroom plus study corridor
Hallway of the 3 bedroom unit

A dumbbell layout would have been more efficient here, as this long hallway does take up more wasted space.

Parc esta 3 bedroom plus study flexi room
Flexi room

As compared to the 2 bedroom plus study, the study/flexi room here is small. Depending on your needs, this space could be better served if the walls were taken down to make room for a bigger living/dining area.

Parc esta 3 bedroom plus study bathroom
Common bathroom

The common bathroom is of average size.

Parc esta 3 bedroom plus study common room
Common bedroom 1

The bedrooms here are small, but at the very least you’ll be able to fit a queen sized bed. As with most of the rooms, the floor to ceiling windows is very welcome.

Parc esta 3 bedroom plus study common room 2
Common bedroom 2

It’s a similar story here, with regard to the size of the bedroom. On a very nitpicky note, the design of this bedroom is really not to my taste.

Parc esta 3 bedroom plus study master bedroom
Master bedroom

The most positive thing about this 3 bedroom unit is the master bedroom. It’s quite a good size, just like the 2 bedroom unit.

Parc esta 3 bedroom plus study master bedroom
Wardrobe view
Parc esta 3 bedroom plus study master bathroom
Master bathroom

The master bathroom is not a bad size at all!

Parc Esta Location Review

Tucked away in the eastern reaches of Singapore, Parc Esta is set to rise up in a matured estate with incredible amenities. 

Adjacent to the Eunos Fire Post and Mount Pleasant Veterinary Clinic, you can be rest assured that both your fire and pet-safety fears are now things of the past.

On a slightly more serious note however, the condo does boast easy access to a plethora of basic necessities.  

Transport 

Bus StationBuses ServicedDistance From Condo (& Est. Walking Time)
‘Eunos Station’2, 2A, 7, 13, 21, 24, 26, 28, 30, 30E, 51, 60, 60A, 61, 63, 63M, 67, 93,  94, 94A, 150, 155 50m, 1-min walk 
Eunos Interchange60, 60A, 61, 63, 63M, 76, 93, 94, 94A, 150, 154150m, 2-min walk
‘Aft Lor 106 Changi’2, 7, 7A, 13, 21, 24, 26, 28, 30, 30e, 51, 60, 61, 63, 63M, 67, 67W, 93, 94, 150, 155 150m, 2-min walk
‘Kg Ubi CC’ 
154, 76240m, 3-min walk 

Closest MRT : Eunos MRT – 230m, 3-Min walk 

As you’d already observed, Parc Esta has incredible public transport access on both fronts. 

For those who frequent bus services, you’d have 3 bus stops at your disposal as well as an additional interchange to boot.

More than that, the Eunos MRT is a mere 3-min walk away. While it isn’t the most central of stations, it does offer easy access to the Airport and is a single stop away from Paya Lebar MRT (Circle & East-West Line interchange). 

Finally, it is important to note that while the entire pathway to both the MRT and Interchange is shaded, there will be a brief unsheltered section at the traffic light junction prior to that.

Highway/Major RoadDistance From Condo (& Est. Off-Peak Drive Time)
Sims Ave Immediate
Jalan Eunos150m, 1-min drive
Changi/Still Road500m, 2-min drive
East Coast Road1.6km, 2-min drive
Nicoll Highway3.9km, 5-min drive
MacPherson Road 3.9km, 5-min drive
CTE6.1km, 5-min drive
AYE14.8km, 12-min drive
PIE1km, 2-min drive
ECP2.5km, 3-min drive
KPE2.7km, 4-min drive
BKE15.4km, 12-min drive
SLE13.7 km, 10-min drive
TPE8.4km , 7-min drive 

Private transport accessibility: Very Good

Despite its foundations in the eastern region of Singapore, Parc Esta is considerably central as compared to other ‘east-sided’ condominiums like The Jovell. In crux, it is perfect for the east-lover who craves a less ‘extreme’ locale or simply frequents the CBD (7-min drive). 

A 3-min drive to the ECP also means easy access to the recreational East Coast area. A great perk for families or those who appreciate the aura and string of activities that Singapore’s most popular beach offers.

Groceries

Name of Grocery Shop Distance From Condo (& Est. Off-Peak Drive Time)
FairPrice Shop Eunos Crescent500m, 8-min walk 
FairPrice Joo Chiat Complex1.3km, 4-min drive OR 650m, 10-min drive 
Cold Storage – Katong Market Place2.5km, 9-min drive
Cold Storage – Parkway Parade4.3km 10-min drive  

As is expected from most heartland areas, the closest grocery options to Parc Esta are FairPrices. Expanding on that point, the closest (FairPrice Shop Eunos Crescent) is relatively smaller when compared to its counterpart at the nearby Joo Chiat Complex. 

Be warned however that a major portion of the path to the latter is unsheltered (hint: grab an umbrella on the way out if it looks cloudy!) 

Shopping Malls

Name of Shopping MallDistance From Condo (& Est. Off-Peak Drive Time)
Joo Chiat complex1km, 3-min drive OR 700m, 10-min walk
KINEX/City Plaza/Tanjong Katong Complex 1.6km, 5-min drive OR 1.2km, 16-min walk
Paya Lebar Square/PLQ Mall1.9km, 6-min drive
SingPost Centre2.5km, 8-min drive
112 Katong2.8km, 11-min drive
Odeon Katong Complex3.4km, 10-min drive 
Bedok Mall (Cluster) 5.7km, 15-min drive

With the Paya Lebar shopping mall cluster to its west, Bedok estate to its east and Katong heartland to its south, future residents of Parc Esta will not run out of both shopping centres and food-stops to patronise anytime soon. 

paya lebar quarters

For those who lean toward more ‘central’ malls, the Bugis shopping cluster is a 15-min drive away from the condo, and the start of the Orchard shopping belt is just 5 minutes after that. 

Perhaps more importantly, the implementation of Parc Esta is bound to inject new life into various businesses in the area – a huge boost for a majority of shop-owners in the area. 

Schools

Name of SchoolEducation LevelDistance From Condo (Est. Off-Peak Drive Time)
Children’s Vineyard KindergartenPreschool 1.9km, 6-min drive
My Little Gems PreschoolPreschool 700m, 1-min drive OR 500m, 8-min walk
Happy Kids PreschoolPreschool500m, 1-min drive OR 700m, 10-min walk
MindChamps PreSchoolPreschool 1.4km, 4-min drive
Eunos PrimaryPrimary900m, 3-min drive
Maha Bodhi PrimaryPrimary2.2km, 6-min drive
Telok Kurau PrimaryPrimary2.3km, 7-min drive
East Coast PrimaryPrimary3km, 8-min drive
Geylang Methodist PrimaryPrimary3.7km, 9-min drive
Haig Girls’ SchoolPrimary1.5km, 5-min drive
Kong Hwa SchoolPrimary2.6km, 7-min drive
CHIJ Katong PrimaryPrimary2km, 6-min drive
Ngee Ann PrimaryPrimary3km, 10-min drive
Tao Nan PrimaryPrimary2.1km, 7-min drive
Manjusri SecondarySecondary2.7km, 8-min drive
Whampoa SecondarySecondary2.8km, 9-min drive
Tanjong Katong Girls’ SchoolSecondary2.4km, 8-min drive
Tanjong Katong SecondarySecondary2.2km, 7-min drive
Broadrick SecondarySecondary3.4km, 10-min drive
Presbyterian Recreation SecondarySecondary2.3km, 7-min drive
Chung Cheng HighSecondary3.1km, 9-min drive
Temasek PolytechnicTertiary6.3km, 12-min drive
Victoria Junior CollegeTertiary4.4km, 11-min drive
Temasek Junior CollegeTertiary3.7km, 8-min drive
James Cook UniversityTertiary4.8km, 12-min drive
Portman Business SchoolTertiary2.6km, 8-min drive
SMUTertiary8km, 18-min drive
Curtin SingaporeTertiary10.2km, 15-min drive

As you’d observe, there is indeed a sizable group of both Primary and Secondary schools in the area (cue sighs of relief). 

A slightly more unique factor to highlight, however, is the proximity of the esteemed Victoria and Temasek Junior College as well as Temasek Polytechnic to the condo. Students and lecturers of these institutions will no doubt benefit from the reduced travel time to their respective faculties. 

Also worth noting is that morning/evening traffic in the immediate area is a tad less frenzied as compared to other major areas of Singapore.  

Additional Pointers

  • Abundance of Recreational Escapes

We’re all familiar with the (often ill-contextualised) phrase about a dull boy named Jack who bemoaned his lack of play. 

Fortunately for all the Jacks (and company) living at Parc Esta, there is an abundance of recreational spots in the relative area. This includes the immediate Kampong Ubi Community Centre, Tanah Merah Country Club, a bunch of Rock-Climbing facilities and the East Coast Beach (to name a few). 

  • Relocation of Paya Lebar Airbase 

Based on details ‘leaked’ in the inaugural Master Plan 2019, most of us would be aware of Paya Lebar Airbase’s impending move to both Changi Airbase east and Tengah Airbase (in the west). In its current spot will surface a business district filled with a majority of mixed-use developments.

What this means is new jobs, greater (region) tenant-demand and a rise of new amenities in the area (10-min drive). More importantly, its proximity means access to all these factors without the noise that comes with it – pre and post construction.

  • Unobstructed views

An incredibly attractive point to highlight based on the former point.

For those familiar with the Sims Avenue area, you’d understand that there is very little room for new developments to pop up (save for an elusive en bloc sale – *read all about its demise here*).

Essentially, that means (almost) no nearby construction plus the ability for developers MCL Land to leverage on the newly lifted height-restrictions of the immediate area. Living in a 19-storeyed unit amongst a sea of low-rise buildings? 

Yes please. 

Parc Esta Development Site

If you’re familiar with larger developments, you’d understand the importance of having 2 separate vehicular exits.

In this instance, the double exits along both Sims Avenue and Changi Road will help not just to mitigate entrance/exit woes at peak hours, but also grant easier accessibility to the myriad of amenities along both adjacent (major) roads. 

Unfortunately (and as mentioned earlier), Parc Esta’s limited sports-related facility offerings does put a dampener on its brilliant streak. With the amount of space available, more could definitely have been done here to cater to the sports-inclined. 

Still, the condo’s blueprint does signal a range of recreational offerings with its numerous relaxation/nature-themed spots like the ‘Luxe Cabanas’ and ‘Hammock Park’ as well as its ‘Mist Garden’ and ‘Firefly Promenade’. 

Factor in the 3 distinct blocks separations in East, Grand, and West Parc and it certainly does feel like diversity-centred implementations were observed here (even if it isn’t as pronounced as it is over at Parc Clematis).  

The spacious and aptly named ‘Signature Arrival Court’ will also provide a solid first impression to visitors as will the various other facilities like the Kids’ Water Playground and Junior Glamping Lawn provide much-needed energy-burning distractions for the kids. 

Unit mix

parc esta unit mix
Unit TypeNo. Of UnitsSize of Units (sqft)
1-Bedroom216420 – 529 sqft
1-Bedroom + Study116517 – 624 sqft
2-Bedroom193581 – 753 sqft
2-Bedroom + Study124829 – 1,023 sqft
2-Bedroom Premium230700 – 861 sqft
3-Bedroom178904 – 1,109 sqft
3-Bedroom + Flexi126958 – 1,119 sqft
3-Bedroom Premium901,023 – 1,206 sqft
4-Bedroom541,119 – 1,335 sqft
4-Bedroom Premium541,227 – 1,410 sqft
5-Bedroom181,399 – 1,604 sqft

Despite the diagram, we’ve decided to set up the usual table to better categorise the unit numbers and sizes across the tiers. 

As we’ve discussed in the tour, the 1-bedroom units here are averagely sized against most of its peers in newer condo developments. While the various entranceways of the units have been a tad disappointing in the space optimisation regard, the extra study-areas are distinctively proportionate (and surprisingly well-spaced) across the various tiers.   

Perhaps more pronounced in the unit mix is the availability of the highly-elusive 5-bedroom unit. Based on size alone, it does seem rather well-proportioned to the other tiers – meaning that the lucky 18 who opted for these units wouldn’t be forced to fork out a much higher quantum (this despite a private lift of its own) – a usual case for most ‘premium’ units.  

Yet another point worth highlighting is that the developers have spared no expense in fitting premium utilities into the units. This would include SMEG fridges, built-in gas hobs and washers as well as Franke stainless-steel sinks and Hansgrohe sanitary fittings to name a few. 

Finally, given the expected total number of residents here, we expect maintenance fees here to be tilted towards the lower end of the scale. 

Prices for Parc Esta

Price Breakdown (1st Property)

1-Bedroom2-Bedroom2-Bedroom Premium3-Bedroom3-Bedroom Premium4-Bedroom4-Bedroom Premium
Price$799,260$1,012,683$1,210,300$1,552,168$1,580,535$1,877,682$2,023,323
25% Down Payment$199,815$253,171$302,575$388,042$395,134$469,421$505,831
Additional Costs
Buyer Stamp Duty$18,578$25,107$33,012$46,687$47,821$59,707$65,533
Legal Fees$2,500$2,500$2,500$2,500$2,500$2,500$2,500
Valuation Fees$300$300$300$300$300$300$300
Stamping Fees$500$500$500$500$500$500$500
Total Price$821,138$1,041,090$1,246,612$1,602,155$1,631,656$1,940,689$2,092,156
Initial Investment Amount$221,693$281,578$338,887$438,029$446,255$532,428$574,664
Return on Investment
Expected Rental Price$1,890$2,615$3,150$3,616$4,092$4,476$4,908
Rental Yield2.76%3.01%3.03%2.71%3.01%2.77%2.82%

Price (2nd Property)

1-Bedroom2-Bedroom2-Bedroom Premium3-Bedroom3-Bedroom Premium4-Bedroom4-Bedroom Premium
Cost Without ABSD$821,138$1,041,090$1,246,612$1,602,155$1,631,656$1,940,689$2,092,156
Plus: ABSD (12%)$95,911$121,522$145,236$186,260$189,664$225,322$242,799
Total Price After ABSD$917,049$1,162,612$1,391,848$1,788,415$1,821,321$2,166,011$2,334,955
Initial Investment Amount$317,604$403,100$484,123$624,289$635,919$757,750$817,462
Return on Investment
Expected Rental Price$1,890$2,615$3,150$3,616$4,092$4,476$4,908
Rental Yield2.47%2.70%2.72%2.43%2.70%2.48%2.52%

Best Stacks

parc esta best stacks

One consequence of the incredibly convenient location of the Parc Esta is the road noise. So because two major roads go right past it (Sims Ave/Changi Road), coupled with the number of buses that ply these routes, we thoroughly recommend the stacks facing inwards if you value more peace and quiet.

parc esta best stacks

You really can’t go wrong with the inner stacks 47 and 69 as these have a good distance apart with the added benefit of the lush lagoon as a view. Stacks 41 and 42 are good too as these practically face no other blocks directly.

Price Review

Project NameTenureTOPAverage Price (PSF)
Parc Esta99-years2022$1,690
Le ReveFreehold2007$996
Suites @ ChangiFreehold2012$1,284
Bedok Residences99-years2015$1,439
Park Place Residences99-years2019$1,742

Due to the rarity of such a large development within the immediate proximity of a ‘heartland’ MRT station, we’ll venture a little further to match prices against other developments next to their respective MRT stations in the general area. 

We’ve also included the usual neighbouring suspects for better clarity of the immediate area’s current price range.

Starting with the developments in the immediate area, you’d quickly realise that most of Parc Esta’s neighbours are actually freehold condos. With the increasing popularity of the area due to various development revamps (including Parc Esta), a gradual quantum appreciation for these developments could be on the cards. 

More importantly, we observe the appeal of a new large development that provides closer MRT proximity and bigger facility offerings through the stark quantum difference between the 99-year leasehold Parc Esta and the freehold Le Reve and Suites @ Changi

Looking at Park Place and Bedok Residences, Parc Esta seems to sit in the middle of the price range. Bedok Residences is naturally the most ‘affordable’ given its novelty, while Park Place’s higher quantum command is undoubtedly MRT location-related. 

Thus given its novelty, it does seem that Parc Esta’s quantum matches the market average. 

Some might even go on to say that it is under market value given the other new launches of that time  (Park Colonial and Stirling residences come to mind) with unit quantum averaging $2,000 psf.

More so when you factor in a very likely quantum appreciation and well-touted high rental yield here as the years go by.

Our Take

Parc Esta serves as an incredibly attractive opportunity for investors and homeowners alike. 

For homeowners, it provides solid transport and educational convenience in a matured estate, an admittedly large array of facilities offerings (even if it is lacking in certain regards) as well as a relatively attractive market quantum. A range of unit-tiers will also suit various family sizes and needs. Furthermore, a lack of potential construction in the immediate area also reassures those who are noise-sensitive. 

Yes, it is definitely more expensive when compared to the neighbouring freehold condos, but the presence of both options only serves to enhance the buyers’ choice. 

For investors, the revamp of the Greater Southern Waterfront and Paya Lebar area will undoubtedly lead to an increase in rental demands and possibly solid resales in the area (especially given the condo’s proximity to the Eunos MRT station). 

All in all, Parc Esta feels like an incredible development save for a couple of minor and negligible flaws. Definitely an option worth considering if you’re currently delving into the property market. 

Its current 68% take-up rate is testament to this. 

What this means for you

You might like Parc Esta if you:

  • • Have a Young Family:An abundance of child facilities and educational options in the area combined with various unit tiers would greatly suit those who have children.
  • • Are Looking to Resell:While the property market can be relatively unstable and appreciation stats are often limited to individual unit conditions, Parc Esta does have a high appreciation potential.

You might not like Parc Esta if you:

  • • Dislike Matured Estates:Matured estates bring with them a host of pros and cons. For new families who prefer quieter regions, it is best to look elsewhere.
  • • Are a Sports Fanatic:Limited swimming and recreational sport facilities could mean space competition over the weekends or public holidays.
End of Review

Reuben

Reuben is a digital nomad gone rogue. An avid traveler, photographer and public speaker, he now resides just outside of Singapore where he has since found a new passion in generating creative and enriching content for Stacked Homes. Outside of work, you’ll find him meowing along with his kittens (much to the annoyance of his poor wife) and sipping greedily on Teh Peng.

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JadeScape Condo Review: A Smart Home With Good Facilities - Property Blog Singapore - Stacked Homes

[…] 1,206 residential units and 6 commercial units. If you were to compare with similar behemoths like Parc Esta and Parc Clematis, JadeScape sits in the middle in terms of unit density. It’s hard to […]

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