Parc Komo: Reviving the rustic charm of Changi

When Chip Eng Seng Corp previewed the freehold Parc Komo over the Vesak Day long weekend on May 18, the project drew a crowd of more than 3,500 interested buyers. A redevelopment of the former Changi Gardens along Upper Changi Road North, the project was launched at an average price of about $1,450 psf, making it the most affordable newly launched freehold property in the market today.
“The rustic charm of Changi and the exciting masterplan for the area are major draws for Parc Komo,” says Raymond Chia, group CEO of Chip Eng Seng.
Parc Komo has 10 five-storey blocks with 276 apartments and 28 retail units on two floors fronting Upper Changi Road North (Artist's Impressions: Chip Eng Seng Corp)
These attributes led the listed construction and property development group to pay $248.4 million for the en bloc purchase of Changi Gardens in October 2017. While this price was at a 27% premium to the owners’ original asking price of $196 million, Chip Eng Seng has kept Parc Komo “attractively priced to enable homebuyers to realise their aspirations of owning a freehold residence”.

‘Idyllic coastal setting’

The project has 10 five-storey blocks with 276 apartments and 28 retail units on two floors fronting upper Changi Road North. The retail units will not be offered for sale as the developer wants to have better control of the tenant mix. Chia highlights that Parc Komo is the only mixed-use development in the vicinity and offers residents conveniences and lifestyle offerings at its doorstep.
“Parc Komo draws influence from Changi’s idyllic coastal setting, evoking vibes of relaxation and serenity. Its design rides on the latest lifestyle trend towards overall wellness, as we sought to inject a sense of mindfulness into the theme of the development,” he says.
For price trends, recent transactions, other project info, check out the Parc Komo project details page
The project's design draws influence from Changi's idyllic coastal setting, evoking vibes of relaxation and serenity
To this end, Chip Eng Seng decided to build just 276 residential units instead of 330...