Parc Esta - Geylang condo Singapore with 5 adjoining strata retail spaces for sale at $2 mil each

Parc Esta is well-known as a Geylang condo Singapore located along Sims Avenue in District 14, 400822. This is a 99-year leasehold project that includes approximately 1,400 residential units spread over nine 18-storey apartment blocks. The condo is currently being developed by MCL Land Limited, is rapidly under construction and is expected to be completed in 2022. There is a cluster of five adjoining strata shops within the 1,399-unit development of Parc Esta located along Sims Avenue is now on the market for $2 million each.

Parc Esta - Geylang condo Singapore with 5 adjoining strata retail spaces for sale

Find out more detail information of Parc Esta - Geylang Condo Singapore by MCL Land here!

Each of 5 shops at Geylang condo Singapore has a strata area of 657 sq ft, equivalent to 3,283 sq ft when combined. They have a wide frontage of 6.56m along the main road of Sims Avenue. Parc Esta by MCL Land is currently under construction that is scheduled for completion in H1 2022. It is almost sold out with fewer than 10 units left.

Lee Tong Voon, COO of MCL Land said that they had placed that cluster at the most strategic spot within the development with public visibility and accessibility, and the convenience of the residents of Parc Esta, in mind as well. The shophouses were also designed as adjacent modules to provide flexibility for integration for the benefit of larger retailers.

Parc Esta - Geylang condo Singapore is expected to be completed in H1 2022

As a Geylang condo Singapore in the area, Karamjit Singh, CEO of Showsuite Consultancy, the firm appointed to market the units said that the shops of Parc Esta were situated directly at the receiving end of the pedestrian light crossing from the Eunos MRT Station and bus interchange. That crossing acted as an important footfall funnel that every commuter from the station would need to use when they head south of the station.

Singh added that the shops at Parc Esta would be ideal for “grab & go” food and drink outlets, supermarkets, enrichment, and health or wellness centers, that can fetch rents between $9 and $10 per sqft per month. The shops are given the individual guide price of $2 million each, with the gross rental yield can range from of 3.5%–4.0% annually. There is also no additional buyer’s stamp duty for the shop units.

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