63 reviews for this Condo
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2.3
PC Lim (3 reviews )
Reviewed on July 30, 2009 11 helpful votes
Overpriced, not worth.
I agree with the first reviewer rather than the second reviewer. The currently forming Singapore "sub-prime area bubble" has listings for this condo going in the range over $900-1200 psf. In my opinion, this is way off the long term price worth, as it is: 1. Surrounded by HDB blocks. If you had surveyed the area, you would have known how narrowly close are the units built to the facing HDB blocks!! 2. Units either face the HDB, or they face the AYE or the Stadium, so you can imagine if it would be noisy. 3. Distance to the MRT is actually not near. It's about 0.65KM away by straight line mapping, and by walking path it's actually ever further... Also, you have to cross an overhead bridge which is not convenient for old folks or those with knee problems or trolley bags. The nearest traffic lights where you can circumvent to walk to the MRT is at least 3-4 bus stops away. The other problems now is the bubble forming due to low interest rate to borrow now, about 1.9%, but if this interest goes to a more realistic 3-4% in 3-5 years time, the monthly loan interests would have doubled and those who speculate or those who buy at such high prices would have serious problems. Additionally there is an unknown risk to this project as it is jointly developed by Chip Eng Seng and the now bankrupt Lehman Brothers. There is very little transparency on how the units owned by Lehman Brother's share portion of the joint venture will be dealt with. Will Lehman Brother's creditors be able to stake some claims to this or possibilities of law suites by creditors to stake such claims? I don't think the current prices are realistic and sustainable in medium term due to the above issues, with some issues peculiar to the Parc condo. -
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5
Lee Damien (2 reviews )
Reviewed on July 25, 2009 11 helpful votes
fantastic buy
The Parc condo is conveniently located and has good accessibility. Full private condo facilites and yet have access to all the facilities and amenities of a HDB hub (Clementi - the golden land of Singapore) - supermarkets (Fairprice), markets, retail, foodcourts, cinema, mrt, bus terminal - all within walking distance of around 5 to 10 mins. This is the advantage whichThe Parc will have over other new condo such as Botannia, Carabelle, Infiniti which is further down the AYE towards Jurong. For a slightly higher PSF, you enjoy the advantage. If you enjoy high living, at a high floor above 15, depending on your unit, you will likely get unblocked view of West Coast park, overlooking the sea, pandan reservoir as well as Dover Park, Kent Ridge, Bukit Timah area. You can be assued of its invesment value. 15 mins to CBD by drive, 10 mins drive to Vivo city and Sentosa Integrated Resort, 5 to 10 mins drive to Science Park, Biopolis and Boeno Vista. Needless to say, excellent fengshui. -
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1
CK (1 reviews )
Reviewed on May 8, 2009 13 helpful votes
Not worth the price
The current price for this area (April/May) is going for 900-1200psf. Although this is a FH property, but it is right smack in an HDB estate. For this kind of price, one can be going for property in fringe of Bukit Timah which has good schools (for kids) and prestige. Even for rental investment, there are many other property that is nearer to the IR, Biopolis, NUS... In general, not really worth it. -