The 276-unit Parc Komo, situated along Upper Changi Road North, achieved sales of 70 units at the close of its launch weekend break as at 6pm on Sunday, May 26.
This translates to a sales price of over 25%, which Ismail Gafoor, CEO of PropNex, states is “very qualified”. He attributes it to 2 primary reasons: The developer valuing the job sensitively at approximately $1,450 psf; as well as the estate tenure of the development. “There are extremely couple of suitable land stories with greater than 200 units offered, quality lifestyle centers comparable to Parc Komo, as well as of estate period,” includes Ismail.
CEL Growth, the building growth arm of listed team, Chip Eng Seng Corp, is the developer of the mixed-use development which includes 28 retail units. These units will be taken care of by the developer. Services are most likely to consist of F&B outlets, a childcare centre or pre-school, a clinic and even a supermarket. “There are people that are drawn to such mixed-use developments as a result of the benefit that they provide,” states Doris Ong, COO of PERIOD Realty Network.
The developer invested $4 million on the sales gallery as well as showflats. The financial investment seems to have actually paid off. “We have an excellent product as well as the customers see worth as well as capacity in it,” says Joanne Goh, CEL Growth basic manager (advertising). “We have obtained responses that our task feels like a $2,000 psf property.”