In poetic prose, Parc Komo is actually inspired by the Japanese expression, Komorebi (Koh-mo-reh-bee)– which describes the sunshine as it pierces through foliage.
Situated on the cusp of Upper Changi Road, Parc Komo is readied to TOP in the 2nd quarter of 2022.
Given its somewhat ‘distant’ place, the developers of Parc Komo (CEL) have had to dig deep on a number of well-conceived USPs to attract buyers– and also to date it seems to be repaying with over 25% of complete units cost launch, and an existing occupy of simply under 50% before 2nd launch (much more on this later).
The very first USP is really the aspect of self-sufficiency. Created as a mixed-use development, Parc Komo features over 28,000 square feet of different retail rooms (28 commercial units to be specific).
The second USP is the resort-like feel that you get when you’re right here. From what we have actually seen, it’s absolutely a sentiment that’s well-reflected in the project’s recommended landscape design– appropriately provided by Park + Associates.
Lastly, Parc Komo is, to date, the ‘most competitively-priced’ freehold New Introduce condo in Singapore.
Then greatest bidders Chip Eng Seng blew both assumptions and also competitors out of the water when they submitted their $248.8 million proposal– which was a massive 27% higher than the asking price during that time. You can claim it was fiercely opposed too, with 8 various other bidders vying for this item of freehold land.
It equated to $888 psf ppr– an auspicious number that lots of anticipated would certainly lead to unit costs of in between $1,500 to $1,600 psf after considering breakeven prices and also earnings margins.
Going by that, it’s definitely a pleasant surprise that Parc Komo has been promoted ‘the most cost effective estate brand-new launch development in Singapore’ with first unit launch costs addressing an average of $1,400+psf.