THE ESPARIS: Pasir Ris Executive Condominium | Details & Reviews

Name: THE ESPARIS
Brand: THE ESPARIS
SKU: THE ESPARIS
Rating: 4.4 (7 reviews)

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The Esparis

Sale Price *

Average

S$ 1,019 psf

Range

S$ 973 - 1,095 psf

Rental Price **

Average

S$ 3.4 psf pm

Range

S$ 3.1 - 3.8 psf pm

Rental Yield **

4.0%

Rental income expressed as a percentage of the property's value.

Amenities

3.2

Convenience

4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities

0 Facilities Available

Description

The Esparis is a leasehold (99 yrs from 2002) executive condominium completed in 2005. It is developed by CLIFFMONT PTE LTD and designed by TEAM DESIGN ARCHITECTS PTE LTD. The development occupies a land area of 13,983 sqm and a Gross Floor Area of 35,227 sqm. It consists of 274 units. According to records, buyers of this development are Singaporean 80.6%, PR 19.2%, Foreigner 0.2%, Company 0.0%.

THE ESPARIS is located along Pasir Ris Drive 4 in Pasir Ris, in District 18. It is accessible through the nearest MRTs including Pasir Ris East CR4 and Loyang CR3.

Based on transaction data in the last 12 months, sale prices range from S$ 973 psf to S$ 1,095 psf at an average of S$ 1,019 psf. Its highest recorded transaction was S$ 1,095 psf in Nov 2023 for a 1,324-sqft unit. Its lowest recorded transaction was S$ 316 psf in Dec 2002 for a 1,830-sqft unit. Its current rental yield is at 4.0%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, SHENG SIONG SUPERMARKET PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 1 Shopping Mall: LOYANG POINT.

Buyers and tenants are attracted to District 18, which is comprised of Simei, Tampines and Pasir Ris. Simei is home to country clubs such as Tanah Merah Country Club and Laguna National Golf & Country Club. Nearby, the Singapore Expo complex annually holds international concerts, exhibitions and conventions. Tampines is Singapore's third largest new town by area, spanning over 289ha of land. Originally covered by forests and swamps, Tampines has evolved into a modern township with three shopping malls: Tampines 1, Century Square and Tampines mall, located in the heart of the regional centre. In 2006, IKEA opened its second outlet in Singapore at Tampines Retail Park, adjacent to two other mega retail warehouse stores by Courts and Giant. From its early days as a kampung, Pasir Ris has evolved to become a lively housing estate surrounded by the beach and sea. Another natural landmark in the neighbourhood is Pasir Ris Park, which houses a 6ha mangrove forest. Pasir Ris is also popular for its chalets and resorts in Downtown East.

With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. The region is a key aviation hub, housing the Paya Lebar Air Base and Changi Naval Base. Major airlines such as Singapore Airlines, Scoot and Jetstar also has their head offices in the area. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plans to create more semi-conductor and aviation-related jobs at Tampines North, Pasir Ris and Changi. Aside from the bustling economic activity, residents benefit from a wide variety of green and play spaces in the region. Residents will also enjoy increased connectivity to other parts of Singapore with the upcoming Cross Island Line and Thomson-East Coast Line.

What they say

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4.6

"This property is a gem! It may not be located at the heart of CBD, but the convenience it offers is amazing! It is strategically located just behind a 24-hr Giant supermarket, community centre, polyclinic, police post and near neighbourhood shops including laundry shop etc. It is also well-served by several childcare centres, schools, a bank (UOB) and coffeeshops. The wet market is just a minute's walk away. Getting home from Pasir Ris MRT is a breeze. There is direct bus from Pasir Ris Interchange that stops right outside the condo, so even during heavy rains, you won't get very wet. There is an express bus that goes to Orchard and Marina areas, as well as other direct buses to go to Changi Airport and other parts of Singapore. Currently there is also an MRT station being built with exit near this property, so in time to come, access to town will be even more seamless. "

t*******y@ymail.com

Owner | 08 Aug 2022

4.4

"The convenience here is overwhelming! There are 6 coffee shops, 24-hr Giant supermarket, several clinics (both western, TCM and even dental ones), UOB and POSB banks, all within walking distance. As if that's not enough, there is bus stop just outside the side gate that brings you to Pasir Ris Interchange within minutes! Getting around is a breeze, with express bus to Orchard, and bus to Changi Airport! Not to mention the many other bus services that go to town area. We fell in love with this place right from the start, not just because of the convenience, but also the cosy environment it offers. The whole estate may be small but the space planning within the estate as well as within the unit are fantastic, minimal wastage of space! Indeed a well-deserved award-winning development by CDL! Pneumatic waste system is being used here so residents don't get to smell the usual stinky refuse, which is another plus point! "

t*******y@ymail.com

Owner | 04 Mar 2017

"Best position condo in pasir ris, 2min walk to mrt, 1min walk to eateries, 1m walk to poly clinic (perfect for new weds and newborn) best of all propety is so cheap 1/2 price, apartment is huge. I even sell off my car great saving. Facilities is the same as other condo, even have tennis court."

C********** J***

Google Review | 14 Jul 2022

"Quite run down condo in my opinion, doesn't seems to have good condo management team to maintain the facilities."

D** O**

Google Review | 28 Feb 2022

"nice quiet place yet near neighbourhood shopping mall with lots of food choices and daily basic stuffs"

B******

Google Review | 26 Jan 2022

"One of the best place to live in the east. This condo is hear every possible amenities in the area within 5 minutes walking distance and only 5 steps away to the bus stop. 5 steps takes like 2 seconds"

J***** L**

Google Review | 09 Oct 2021