An all new combined growth, situated along Upper Changi Road North, Parc Komo relocates 70 units of its 276 units at the end result of its launch weekend on May 26 as at 6 pm.
Chief Executive Officer Ismail Gafoor of PropNex terms the sale rate of greater than 25% as incredibly amazing. He has 2 major factors to explain this excellent sale price. One is that an average of $1,450 was an appealing cost and also the second factor is the freehold regard to the property. Chief Executive Officer Ismail includes, “There are exceptionally few excellent land plots with over 200 units offered, relaxed and serene way of living facilities akin to Parc Komo’s, as well as of freehold term.”
The developer behind this mixed-use residential property that features 28 retail unit is CEL Growth, an arm of Chip Eng Seng Corp responsible for home growth. CEL Development will function as the manager for these 28 retail units. Services will certainly vary from a pre-school or childcare center, a supermarket, and a facility. “Some individuals like such mixed-use growths because of the outstanding benefit they provide,” explains COO Doris Ong of ERA Realty Network.
CEL Development invested a tremendous $4 million on the showflats as well as sales gallery. If the remarkable sales rate is anything to pass, the huge investment shows up to have actually settled. “We constantly supply high quality items that satisfy the requirements of purchasers,” mentions basic supervisor Joanne Goh of CEL Advancement. “From the responses we have actually obtained, most prospective buyers feel that our project meets all the top qualities of a $2,000 psf property.”
Taking care of partner Ken Low of SRI agrees. He claims, “Parc Komo valued at approximately $1,450 psf, several financiers see the possibility for funding growth in the future. “Most house owners were attracted by the harmony as well as retreat-like backgrounds of this property advancement, which is barely available in the urban areas.”