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Singapore Property | CEL Development, an arm of Chip Eng Seng Corporation in charge of property development, launched Parc Komo Freehold mixed development on Monday. This mixed project located in Changi draws its inspiration from the Japanese principle komorebi that celebrates the mixture between nature and order.  

Selling Price

This new project by CEL has a median price of approximately S$1,450 psf and sits on a site area of approximately 202,000 sq. ft. It features 10 stacks of 5-story apartment, consisting of 276 units. It also has two-storied commercial buildings that consist of 28 units. You may click on the link to view Parc Komo floor plans.

A one-bedder unit measures 452 sq. ft. while the biggest 5-bedder luxury penthouse measures 1,905 sq. ft. The Parc Komo price for a one-bedder unit starts from S$663,000; a two-bedder unit goes at S$871,000, and S$1,294,000 for a three-bedder unit.

Parc Komo Freehold Mixed Development
Parc Komo Drop off Area

This freehold development will be open for public viewing on May 18 (Saturday). You may contact 61001778 to view the Parc Komo showflat.

Parc Komo Freehold Mixed Development – Developer

“With its highly attractive pricing, we are confident that Parc Komo provides a great chance for buyers to acquire a piece of paradise and lead their dream life in the middle of metropolitan Singapore,” Said Group CEO Raymond Chia of Chip Eng Seng Corporation.

Chip Eng Seng acquired the previous Changi Garden in an S$248.8 million en bloc sale back in 2017. This buying price translates to S$888 psf ppr.

Comparison

Upon comparing this development with three others in the neighbourhood, Executive Director Nicholas Mac of ZACD Group termed Parc Komo as fairly priced. Freehold Casa Al Mare situated in 75 Jalan Loyang Besar goes at S$1,600 psf. 99-year leasehold Coco Palms goes at S$1,238 psf and S$1,293 for The Jovell, another 99-year leasehold development. Parc Komo is situated in District 17, an area reserved for development and upgrading in the URA’s 2019 Draft Master Plan. The new development will enjoy impressive rental opportunities due to its closeness to Changi Business Park, the forthcoming Changi East Industrial Zone, as well as Changi Aviation Park.

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