The Parc Condominium, situated along West Coast Walk in District 5, is a condominium developed by CES – West Coast Pte Ltd. It comprises 659 residential units spread over seven 24-storey blocks. Not only does this property have a prestigious freehold status, it offers residents unrivaled convenience, a wide array of amenities, and reputable educational institutions in close proximity.
Parc Condominium: Ideal Home in 4 Ways:
- 1. Specifications and perks for own stay
- 2. Accessibility, amenities, and recreational spots
- 3. Education, employment, and healthcare
- 4. Property price and future developments
- Best mortgage rate across all banks for The Parc condominium
- Buyer's stamp duty for The Parc condominium
- Additional Buyer's Stamp Duty for The Parc condominium
1. Specifications and perks for own stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft | Average Price PSF (up to) |
|---|---|---|---|---|---|
| The Parc Condominium | Freehold | 2010 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom | 667 980 2,045 2,433 | $1,376 |
The Parc Condominium has units ranging from two- to four-bedroom apartments. It is clear that this condominium is able to cater to any buyer type, be it singles, couples, or families. The largest apartment is a four-bedroom apartment that’s 2,433 sqft, perfect for families with children. You and your family can enjoy facilities such as the lap pool, spa pool, jacuzzi, gymnasium, fitness station, and barbeque pits.
2. Accessibility, amenities, and recreational spots
The nearest train station is Clementi MRT Station on the East West Line (EWL), which is a nine-minute bus ride away. For vehicle owners, driving from the condominium to either the Central Business District (CBD) or Orchard Road takes about 15 minutes, via Ayer Rajah Expressway and Holland Road respectively.
You can head down to the nearby West Coast Drive Market for daily necessities or alternatively, explore Clementi Town Centre where you can find supermarkets, restaurants and eateries, and banks. Soak in some vitamin D and spend the day outdoors at West Coast Park, Pandan Reservoir Park, Kent Ridge Park, and Hort Park. Good news for avid golfers! The Transview Golf & Country Club is just a short drive away. For more recreation options, check out the neighbouring Clementi ActiveSG Sports Centre and West Coast Recreation Centre.
3. Education, employment, and healthcare
The West Region boasts a generous selection of acclaimed schools that stretches from primary schools to tertiary schools and even international schools. Nan Hua Primary School, NUS High School of Mathematics and Science, Ngee Ann Polytechnic, and National University of Singapore are just some of the top-tier schools you’ll find.
You will be close to thriving educational, science, and business hubs like Biopolis, One-North, and Science Park. The nearest medical facility is the National University Hospital (NUH) which is only 9 minutes by car.
4. Property price and future developments
The price of The Parc Condominium’s three-bedroom unit (1,141 sqft) mid-level floor, in the past three years:
- January to December 2017 – up to $1,820,000
- January to December 2019 – up to $1,880,000
Since 2017, property rental prices at The Parc Condominium have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, community spaces, improved connectivity, industrial hubs, and recreational facilities.
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Best mortgage rate across all banks for The Parc condominium
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s stamp duty for The Parc condominium
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a three-bedroom unit at The Parc Condominium the price is at $1,880,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $59,800.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $880,000 | 4% | $35,200 |
| BSD Payable | $59,800 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for The Parc condominium
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when buying The Parc condominium
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,880,000 |
|---|---|---|
| If The Parc Condominium is your second residential property | 12% | $225,600 |
| If The Parc Condominium is your third or subsequent residential property | 15% | $282,000 |
ABSD for Singapore Permanent Resident when buying The Parc condominium
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,880,000 |
|---|---|---|
| If The Parc Condominium is your first property | 5% | $94,000 |
| If The Parc Condominium is your second or subsequent residential property | 15% | $282,000 |
ABSD for foreigners when buying The Parc condominium
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,880,000 |
|---|---|---|
| Foreigners buying any property | 20% | $376,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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