A brand new mixed development, situated along Upper Changi Road North, Parc Komo moves 70 units of its 276 units at the culmination of its launch weekend on May 26 as at 6 pm.
CEO Ismail Gafoor of PropNex terms the sale rate of more than 25% as extremely amazing. He has two major reasons to explain this impressive sale rate. One is that an average of $1,450 was an attractive price and the second reason is the freehold term of the property. CEO Ismail adds, “There are extremely few good land plots with over 200 units available, peaceful and serene lifestyle facilities akin to Parc Komo’s, and of freehold term.”
The developer behind this mixed-use property that features 28 retail unit is CEL Development, an arm of Chip Eng Seng Corp responsible for property development. CEL Development will double as the manager for these 28 retail units. Amenities will range from a pre-school or childcare center, a supermarket, and a clinic. “Some people prefer such mixed-use developments due to the excellent convenience they offer,” points out COO Doris Ong of ERA Realty Network.
More on Parc Komo Moves 70 units on its Launch Weekend
CEL Development invested a whopping $4 million on the showflats and sales gallery. If the impressive sales rate is anything to go by, the huge investment appears to have paid off. “We always deliver quality products that meet the needs of buyers,” states general manager Joanne Goh of CEL Development. “From the feedback we have received, most potential buyers feel that our project meets all the qualities of a $2,000 psf property.”
Managing partner Ken Low of SRI agrees. He says, “Parc Komo priced at approximately $1,450 psf, many investors see the potential for capital growth in the future. “Most homeowners were attracted by the tranquility and retreat-like backdrops of this freehold development, which is hardly available in the urban areas.”
One- to three-bedder units attracted most buyers but four- and five-bedder units also recorded impressive buying interest. You may view floor plan here.