If we can sum up Parc Life in one word, it’s “play”. That’s right, Parc Life encourages us to play in all aspects; engage in activities that exudes happiness and laughter, strengthen bonds, spark curiosity and cultivate a positive lifestyle.
Located in Sembawang of District 27, this 99-year leasehold executive condominium (EC) by Sembawang Residences Pte. Ltd. whose TOP is 2018, is worth any parents’ investment. It ticks all the boxes of a family-friendly home, with many kid- and pet-friendly facilities in and within its vicinity, along with reputable schools closeby.
Here’s Why Parc Life Is a Perfect Family Home:
1. Specifications
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Parc Life | 99-year leasehold | 2018 | 4 bedrooms 5 bedrooms | 1281 1550 | $1,080 |
Multi-generational living is absolutely possible with Parc Life’s spacious homes, such as the two largest units mentioned above. You’ll surely be delighted by this if you have a big family (there’s ample room for a family of four to seven!) or if you’re thinking of inviting grandparents or guests over. This would be great too if you have a strong keen on having a guest room.
2. Monthly Rental Price
However, if you’re planning on renting out your unit, the monthly rental of a three-bedroom apartment in Parc Life can go up to $2,650 while nearby condominiums, SkyPark Residences (EC) is $2,600 and The Nautical (Non-landed) is $3,500 for the same number of rooms. As compared to the neighbouring condominiums, Parc Life is a more affordable option.
Future landlords and tenants are surely at an advantage, considering its strategic location and the number of upcoming developments within close proximity mentioned in URA’s 2019 Draft Master Plan – the town will be infused with new housing developments and the opening of Bukit Canberra, which will be complemented with new employment opportunities.
3. Education
Rest assured, parents you don’t have to fret about your children’s education matters. There’s a number of schools within the 1km radius. They are Modern Montessori International, PCF Sparkletots Preschools, Sembawang Primary School and Sembawang Secondary School.
Other local schools which are in close proximity are Chongfu School (seven-minute drive), Chung Cheng High School (Yishun) (eight-minute drive), Yishun Innova Junior College (10-minute drive) and Singapore Sports School (11-minute drive). Foreign families, you’re not missing out! International educational institutions nearby include Furen International School and GEMS World Academy.
4. Perks for Own Stay
You don’t need to think too hard about planning enjoyable days with your family as Parc Life has got that covered for you! There’s plenty of wonderful facilities you can utilise – eight spas (different pools, each with a unique feature) to dip in, gourmet and dining pavilions to hold sumptuous feasts, function rooms and a kids party room to throw memorable celebrations, gymnasium and tennis court to keep up with an active lifestyle and more.
Your kids will be thrilled to discover the play areas made especially for them, like the Kids’ Bubble Spa, Play Spa and Children Adventure Play. Let’s not forget what’s in store for your pets! Pet Pavillion and Pet Run are special spaces for your furry friends to be groomed and roam freely.
5. Transportation and Accessibility
Parc Life is only a five-minute walk to Sembawang MRT Station, which means travelling to Orchard Road will take less than 40 minutes. Journeys are just as easy if you’re driving to the Central Business District or the vibrant Orchard Shopping Belt. You will reach there in 22 to 32 minutes, via the Central Expressway (CTE) or the future North-South Corridor (NSC), respectively.
6. Future Developments within and near District 27
There are many exciting things to look forward to in Sembawang! One of the main highlights is Bukit Canberra, which is a one-stop destination for residents of all ages. It includes facilities such as an indoor sports hall, a hawker centre, a polyclinic, a senior care centre, a therapeutic garden and a community farm and fruit orchard.
7. Amenities and Healthcare
With the recently refurbished Sun Plaza Mall that’s located beside Sembawang MRT, there’s a wider variety of dining and shopping options. More amenities can also be found at the newly opened Canberra Plaza also known as the ‘New Generation Neighbourhood Centre’.
If you need any healthcare assistance, the nearest hospital is Khoo Teck Puat Hospital (11-minute drive) managed by Alexandra Health and Yishun Community Hospital. Khoo Teck Puat Hospital is a general acute care hospital while Yishun Community Hospital focuses on sub-acute, rehabilitative, dementia and palliative care.
The advantages of living in the North is that it is rich in nature – you can embrace the great outdoors at beautiful parks found closeby. Parc Life is just a hop away from Canberra Park, which is easily accessible via a side gate. The park is filled with swings, a designated Tai-ji corner and it’s also senior citizen-friendly – equipped with ramps and handrails for grandparents’ morning walks. You can also get to the coastal Sembawang Park by a short 1.6km park connector. Feeling adventurous? Cycle a little further to other parks such as Woodlands Waterfront Promenade.
Go on and try new activities with your family! Be amazed by the wonder of hot springs at Sembawang Hot Spring Park, where there’s a four-tier cascading pool (hot foot baths!), egg-cooking station and a glass house eatery called Sembawang Eating House which serves local delights like egg and toast, laksa and nasi lemak. Be sure to check out ORTO (nine-minute drive away), a multi-recreational park that is open 24 hours every day, where there’s a range of interesting stuff to do such as Longkang Fishing, Prawning, Drift Karting, Paintball, Trampoline Park and much more!
Parc Life embodies many elements of a family-friendly home. From its large spacious units that go up to five bedrooms, an array of good schools within reach to the long list of engaging activities you can do with the whole family – Parc Life is undoubtedly an ideal family home for both local and foreign families, where familial bonding is guaranteed!
Can’t wait to make this your dream family home? We’re eager to make that come true for you. Contact our friendly customer care team at 6886 9009 now!
Best Mortgage Rate Across All Banks for Parc Life
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 Parc Life
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 four-bedroom unit at Parc Life to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $1,383,480 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $39,939.
| 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 $383,480 | 4% | $15,339 |
| BSD Payable | $39,939 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Parc Life
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 Parc Life
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,383,480 |
|---|---|---|
| If Parc Life is your second residential property | 12% | $166,018 |
| If Parc Life is your third or subsequent residential property | 15% | $207,522 |
ABSD for Singapore Permanent Resident when Buying Parc Life
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,383,480 |
|---|---|---|
| If Parc Life is your first property | 5% | $69,174 |
| If Parc Life is your second or subsequent residential property | 15% | $207,522 |
ABSD for Foreigners when Buying Parc Life
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,383,480 |
|---|---|---|
| Foreigners buying any property | 20% | $276,696 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
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