PARC GREENWICH, located on Fernvale Lane is an Executive Condominium (EC) with 496 units ranging from 2-bedroom + study to 5-bedroom units.
Planned as an urban village, its residents’ will enjoy a place with a multitude of facilities for families to bond, a promise of a meaningful future.
Why is Fernvale a desirable place to live?
Let us delve into the transformation of Fernvale as a whole. Although Fernvale is 3 LRT stations away from the main hub – Sengkang, it is evident that it is poised to be a self-sufficient town.
Right off the bat, next to Parc Greenwich will be a park where residents could gather for some bonding activities and within 1km residents will have access to multiple supermarkets like Sheng Siong, NTUC Finest, Cold Storage.
Two good-sized heartland malls in Seletar Mall and Greenwich V and of all the heartland malls in Sengkang, only Seletar Mall has a cinema.
Right next to Seletar Mall, there will be an integrated community club with a polyclinic and wet market.
Further up North, residents can enjoy late night suppers at the renowned Jalan Kayu. Just a little out of 1 kilometer, residents can also access the ever popular cafes – Wheeler’s Estate & Wildseed. The lesser talked about Hampstead Wetlands Park also provides a nice get-away from the hustle & bustle and a great place to explore with the children.
For drivers, CTE, TPE & SLE are just a few minutes drive away.
Why We Like Parc Greenwich and it’s Potential
From above, we have established Fernvale has the amenities to be a self-sufficient town which will be very desirable to live in. The focus on desirability is important as strong demand for the area will result in strong real estate prices.
Despite resale prices of the HDB in the vicinity being still at the lower end for now, however, we do see a lot of similarities of Fernvale’s development to Punggol East in 2011 in terms of amenities and prices of the recent BTO launches. Upon the minimum-occupation-period (MOP), Punggol East BTOs showed healthy appreciation.
With this healthy appreciation of HDB resale prices, Parc Greenwich prices will also appreciate in tandem and will potentially see significant demand from the HDB upgraders from the recent launches.
The second price support for Parc Greenwich will be it’s location. There are mainly two private clusters in Sengkang – Fernvale & Anchorvale. The Anchorvale cluster albeit being closer to the Sengkang hub, supply of EC is high with 4 developments side by side and just being right in-front of a general hospital may affect resale price appreciation.
The Fernvale cluster on the other hand, has only 2 ECs, while the rest of the developments are pure condominiums, landed and apartments, giving a more premium vibe. Recent resale transactions for these Fernvale condominiums, especially for The Topiary is very healthy and hence this will provide price support for Parc Greenwich which will be a much younger development upon TOP 4-5 years down the road.
Focusing on the development itself, Parc Greenwich’s developer is FCL Lodge Pte Ltd, a subunit of Frasers Property which has a very strong reputation of constructing thoughtfully designed, high-quality living spaces. Some properties under their portfolio include but are not limited to Twin Waterfalls, Seaside Residences and Riviere. Hence, we are going to expect equal quality finishings for Parc Greenwich.
Layout of the development is generally good and has been very well taught out as all units are NS facing and the stacks are neatly lined up, to allow the natural cooling of the blocks as the sun passes overhead from the East to West. Majority of the stacks will enjoy relatively good views, with the inward facing units having pool and garden views, stacks facing Yio Chu Kang road will have unblocked views to the private or landed enclaves.
Unit sizes are very livable with the smallest 2-bedder starting from 786sf. We like how all units come with an enclosable kitchen with 3 burners for the smaller units (which is not so common) and that the main entrance does not open up to the living room, offering occupants loads of privacy.
All in all, we feel Parc Greenwich has a lot of potential for both short and long term stay and should be given serious consideration as it is possibly the last EC launch of 2021 with a developer breakeven below $1000 psf, which could potentially translate to an attractive launch price in today’s market
Reach out if you would like to understand more in-depth on the potential of this project. Otherwise, we will definitely appreciate a like or share to friends and family who may be looking for their next property!
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