This is a PAID PARTNERSHIP WITH Hoi Hup Sunway JV PTE LTD, the developers of Parc Central RESIDENCES
Parc Central Residences is the first Executive Condominium to come to the eastern parts of our shores in more than 8 years. So how does the latest EC in the East fare in their unit design? We put the developer’s plans into our system and generated some insights.
Parc Central Residences
Parc Central Residences is an EC development jointly developed by Hoi Hup Realty and Sunway located in Tampines. For the un-initiated, EC, or Executive Condominium, is a hybrid private – public form of condominium developed by private developers but comes with certain restrictions set by HDB. To be eligible to buy an EC, you must satisfy certain conditions. See here for details of these conditions.
In addition, you can apply for CPF housing grants when purchasing ECs and there is no ABSD upfront unlike buying private condominium units if you already own a HDB flat. However, there is a MOP (Minimum Occupation Period) before you can sell your EC units.
Aside from that, most ECs nowadays looks exactly like a private condominium complete with facilities and amenities.
In this Insights article, we will look at how Parc Central Residences units fare. But before we dive into details of the unit plans of Parc Central Residences, let’s look at the larger context of the development.Continue reading “All You Need to Know About the Unit Designs at Parc Central Residences – the First New EC in the East since 2012.”