Parc Life

Parc Life is a leasehold (99 yrs from 2014) executive condominium completed in 2018. It is developed by SEMBAWANG RESIDENCES PTE LTD. The development occupies a land area of 22,404 sqm and a Gross Floor Area of 62,732 sqm. It consists of 628 units. According to records, buyers of this development are Singaporean 97.4%, PR 2.6%, Foreigner 0.0%, Company 0.0%.

PARC LIFE is located along Sembawang Crescent in Sembawang, in District 27. It is accessible through the nearest MRTs including Sembawang NS11 and Admiralty NS10.

Based on transaction data in the last 12 months, sale prices range from S$ 1,143 psf to S$ 1,407 psf at an average of S$ 1,278 psf. Its highest recorded transaction was S$ 1,407 psf in May 2023 for a 753-sqft unit. Its lowest recorded transaction was S$ 663 psf in Mar 2017 for a 1,109-sqft unit. Its current rental yield is at 4.1%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 2 Shopping Mall(s): SUN PLAZA, SEMBAWANG SHOPPING CENTRE.

Buyers and tenants are attracted to District 27, which encompasses Sembawang and Yishun. Sembawang is named after the Sembawang tree in Sembawang Park, a 15ha tranquil park with a natural beach. Originally the site of the Nee Soon Rubber estate, Sembawang has evolved into a suburban estate with three shopping malls and two MRT stations. It also hosts Sembawang Camp, a major navel base for the Singapore Army. Part of Sembawang is also an industrial area. The town houses a commercial dockyard, known as Sembawang Shipyard, which offers modern marine repair services. Yishun is home to Northpoint City, a sizeable shopping mall with a public library. Other notable places include the Yishun Integrated Transport Hub, which has an air-conditioned bus interchange with a link to Yishun MRT station, Khoo Teck Puat Hospital, which offers a comprehensive range of medical services and specialist care, and Chong Pang, which houses a wet market and various hawker centres.

Covering 13,500ha, the North Region is one of the five regions in Singapore. Located further from the Central Business District (CBD), the North Region offers ample greenery as well as a variety of work and play options. These include integrated developments such as Bukit Canberra, an integrated sport and community hub, and the upcoming Woodlands Health Campus, which will open progressively from the end of 2023. When fully opened, the Woodlands Health Campus will have around 1,400 beds to cater to residents in the North Region. The region will also benefit from enhanced connectivity as strategized in the Master Plan 2019. More cycling paths and park connectors will be constructed, with the WoodsVista Gallery offering pedestrian and cycling pathways connecting Woodlands MRT, Admiralty Park and Woodlands Waterfront Park.