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Parc Greenwich Showflat Review

New Launch EC In Fernvale, Sengkang With Family-Friendly Facilities & Many Amenities Nearby

25 Mar 2022 · by Faruq Senin

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Parc Greenwich

Avg Psf

$1,180 ~ $1,204 psf (indicative)

District

D28 - Seletar / Yio Chu Kang

Nearest MRT

Fernvale LRT

No. of units

496

TOP date

2024

Tenure

99 Years

by Fernvale Lane Pte Ltd (Frasers Property/ CSC Land Group)


At a glance

Location

  • Close to vibrant park connectors and hangout spots like Jln Kayu and Seletar Aerospace Park
  • Proximity to plenty of primary schools and pre-schools, excellent for families

Unit Mix

  • Total: 496
  • 2-bedroom Deluxe: 14
  • 3-bedroom Deluxe: 52
  • 3-bedroom Premium: 194
  • 3-bedroom with Study: 124
  • 4-bedroom Premium: 98
  • 5-bedroom Luxury: 14

Unit Layout

  • Comparable to unit sizes in other new launch ECs
  • All bedrooms hidden from the living and dining area, for those who value privacy

Price

  • Estimated average price PSF - S$1,226
  • Higher than average price of ECs in the surrounding area

Appreciation Value

  • Plenty of upcoming developments in the area based on URA Masterplan

Facilities

  • One 50m pool and several kids’ pool
  • Clubhouse with BBQ facilities 
  • Other kid-friendly facilities for family bonding

Parc Greenwich is a new launch executive condominium (EC) in Fernvale, Sengkang in District 28. It’s also located in the OCR (Outside Central Region) and is expected to TOP in 2026. 

Parc Greenwich is a 99-year leasehold EC with 9 residential towers of 14 storeys each. It has a unit mix of 2 to 5-bedroom apartments, including penthouse units. 

parc greenwich showflat model

Parc Greenwich is jointly developed by Frasers Property and CSC Land Group. Frasers Property is a multinational real estate developer which is well-known in Singapore. Its past residential projects include the upcoming Rivière at Robertson Quay as well as the Twin Waterfalls and Twin Fountains ECs, both of which were sold-out. It has also developed several integrated projects like Watertown at Punggol, North Park Residences at Yishun and Compass Heights at Sengkang. Several malls like The Centrepoint, Northpoint City and Causeway Point are also under Frasers Property. 

Prices are expected to start from S$904,000 for a 2-bedroom unit, S$1.06 million for a 3-bedroom unit, S$1.33 million for a 4-bedroom unit and S$1.74 million for a 5-bedroom unit. The average price psf is estimated to be S$1,226. 

Parc Greenwich Location Review

Parc Greenwich is located in the Fernvale area of Sengkang estate. It’s also along Yio Chu Kang Rd, which is a major road connecting the housing estates of Sengkang, Ang Mo Kio, Hougang and Serangoon. Parc Greenwich is also located just opposite the Seletar Hills estate, a peaceful neighbourhood of low-density private houses. This will appeal to families as it’s a great environment to bring up your children. 

parc greenwich location map

Driving 

For drivers, Parc Greenwich is at a very convenient location as you’ll only need to turn out to Yio Chu Kang Rd and drive within 5 minutes to get to the Central Expressway (CTE), Seletar Expressway (SLE) and Tampines Expressway (TPE). The CTE brings you to the CBD in less than 20 minutes (off-peak) while SLE and TPE will conveniently bring you to the northern/western and eastern parts of Singapore. 

What’s great is that Parc Greenwich’s entrance is at Fernvale Lane which is a quiet road so drivers won’t have to worry about congestion when you’re coming in and out of Parc Greenwich. 

Screengrab of Fernvale Lane street view from Google Maps

Do note that there’ll be a BTO project, Fernvale Dew located opposite Parc Greenwich. It will TOP in 2022 and the road is expected to get busier. 

Public Transport

For those who don’t drive or prefer taking public transport, there are several buses along Yio Chu Kang Rd which will bring you to the city centre, Serangoon, Bishan, Yishun, Ang Mo Kio and more. 

One downside is that Parc Greenwich is not located near an MRT station. However, residents can walk for about 10 minutes to Fernvale LRT Station and take a 6-minute ride to Sengkang MRT Station on the Northeast Line (NEL). They can also take bus 70 to get to Serangoon Station, which is an interchange station for the Circle Line (CCL) and NEL. 

Amenities

As for amenities, Greenwich V mall is located just opposite Parc Greenwich and it’s less than a 5-minute walk away. The mall has a Cold Storage supermarket, dining options, a pharmacy, a laundrette and enrichment centres. The Seletar Mall is an even bigger mall about a 10-min walk away and connected to Fernvale LRT Station. There’s Fairprice Finest and a wide variety of restaurants/cafes, retail stores like UNIQLO, furniture stores, a cinema, beauty parlours and more. 

If you’re looking for hangout spots with loved ones, you can head over to the restaurants and cafes at Jalan Kayu, Seletar Aerospace Park and Jalan Selaseh at Seletar Hills. 

With so many dining and retail options and supermarkets nearby, Parc Greenwich residents’ won’t have to travel far for their daily needs. For families, having plenty of dining options nearby is also very convenient so you can easily have meals together outside. 

Schools

As Sengkang is already popular with young families, the good news is that there is a wide range of schools around Parc Greenwich. For parents who are participating in the primary school balloting exercise, Fernvale Primary and Sengkang Green Primary are within a 1km radius. Fern Green Primary, Hougang Primary and Rosyth School are within a 2km radius. For parents with even younger children, there are plenty of pre-school options nearby too. 

Nature Spots

For residents who love nature, they’d appreciate a proposed park that’s just beside Parc Greenwich. This will be perfect for families to take their daily strolls, walk their dogs or even play some sports together. The Coast to Coast Trail and the North Eastern Riverine Loop are also nearby. Both trails will bring you to Sengkang Riverside Park, Punggol Waterway as well as Coney Island. The Coast to Coast Trail also spans 36km across Singapore and you can follow the trail to MacRitchie, Bukit Timah Nature Reserve and Jurong Lake Gardens. 

Unit Layouts of Parc Greenwich

Parc Greenwich Showflat: 3-Bedroom Premium with Study (Type C5A)

Total no. of units (3-bedroom)

  • 370
  • 3-Bedroom Deluxe: 52
  • 3-Bedroom Premium: 194
  • 3-Bedroom Premium with Study: 124

Who is it suited for?

  • Families with older children

parc greenwich 3 bedroom pros and cons

3-Bedroom Premium with Study Floor Plan

parc greenwich 3 bedroom floor plan
  • Size of showflat unit - 1066 sq ft.
  • What’s great about this unit is that the kitchen comes with a small yard space where there’s a WC and washing machine. 
  • There’s also a household shelter which you can use as extra storage space. 

Common Areas of 3-Bedroom Premium with Study Showflat

Dining area

parc greenwich 3 bedroom dining roomparc greenwich 3 bedroom dining floor plan
  • The dining area is able to fit a 6-seater table comfortably. However, if you wish to entertain more guests, the space might a little limited. 
  • One way is to get an extendable table, so you can cater to more guests. 

Living area

parc greenwich 3 bedroom living area parc greenwich 3 bedroom living floor plan
  • The living area is quite spacious and it can accommodate a 5-seater sofa (as demonstrated in the showflat). 
  • However, if you’re thinking of adding a side couch or L-shaped sofa, it might not fit well into the space. 
  • You’ll also need to consider the right coffee table to go with your sofa. In the showflat, the ID has fit in a small round coffee table. If you’re planning to get a bigger coffee table, do note that this will limit the space you have to move around in the living area. 

Master Bedroom

parc greenwich 3 bedroom master bedroomparc greenwich 3 bedroom master bedroom floor plan
  • The master bedroom is of a standard size that you can expect from other 3-bedroom units. 
  • With a king-sized bed fitted in the room, there’s enough space for a dressing table at the side of the bed. Alternatively, if you don’t need a dressing table, you can always free up the space or add a side couch or another small wardrobe instead. 
  • There are also full-length windows, which are increasingly common in new launches today. So, it’s great to see it at Parc Greenwich as well. 
parc greenwich bedroomparc greenwich 3 bedroom bedroom 2 floorplanparc greenwich 3 bedroom common bedroomparc greenwich 3 bedroom bedroom 3 floor plan
  • Both bedroom 2 and bedroom 3 are equally-sized and they share a common bathroom. 
  • In the showflat, both rooms have been designed differently. Bedroom 2 has a single bed and desk while bedroom 3 has a queen-sized bed. 
  • Depending on the needs of your family, it gives you an idea of how you might want to place the furniture in your bedroom. 
  • Both bedrooms have full-length windows, which is very rare for common bedrooms. 

Parc Greenwich Showflat: 4-Bedroom Premium (Type D1)

Total no. of units (4-bedroom)

  • 98

Who is it suited for?

  • Families with older children
  • Multi-generational families

parc greenwich 4 bedroom pros and cons

4-Bedroom Premium Floor Plan

parc greenwich 4 bedroom floor plan
  • Size of showflat unit - 1206 sq ft.
  • As compared to the 3-bedroom unit, the 4-bedroom premium unit has a yard space that’s separate from the kitchen, complete with a WC and household shelter.   
  • This is an uncommon layout but the good thing is that the household shelter can be turned into a helper’s room so that the latter will have their own space. 

Common Areas of 4-Bedroom Premium Showflat

Kitchen

parc greenwich 4 bedroom kitchenparc greenwich 4 bedroom kitchen floor plan
  • One plus point of the kitchen is that it walks out to the balcony, so there’s plenty of ventilation, considering that there are no windows in the kitchen. 
  • The occupants of 4-bedroom units are usually a large family of at least 5 people. Hence, more cooking is likely to be done in the kitchen. 
  • That’s why having enough ventilation is important so as not to stink up the entire house. 

Balcony

parc greenwich 4 bedroom balcony
  • Having direct access from the kitchen to the balcony also provides an extended space for alfresco dining. 
  • Future residents can also enjoy a mini-grill or steamboat at the balcony during special occasions. 
parc greenwich 4 bedroom balcony
  • Not only does it serve as additional space to entertain guests, but you can also decorate the area with plants. 
  • The balcony also links the living room and kitchen, and this opens up the space and allows more wind to flow through. This cools down the unit so you won’t have to switch on the air-conditioning often and can save on electricity bills.  

Living area

parc greenwich 4 bedroom livingparc greenwich 4 bedroom living floor plan
  • The showflat unit is a penthouse so there’s a floor-to-ceiling height of 5 metres. While the high ceiling accentuates the space in the common areas, do note that you’ll have to pay an additional premium for the strata void area.
  • The combined living and dining area totals up to 31 sqm (334 sq ft), which is a standard size for a 4-bedroom unit.
  • However, the openness of the balcony makes the space seem larger.  
parc greenwich 4 bedroom living
  • As it’s spacious enough, there’s enough room for you to play around with different furniture to decide what works best for you. 
  • In the showflat, the ID has placed an L-shaped sofa but you can choose a conventional sofa and add in a one-seater couch or recliner at the side. 
  • As the living area in the 4-bedder is wider than the 3-bedroom unit, your choice of a coffee table won’t be limited either. You can fit in a round-shaped, oval-shaped or even a rectangular coffee table and still have space to move around. 

Dining area

parc greenwich dining roomparc greenwich 4 bedroom dining floor plan
  • As compared to the living area, the dining area feels a little small. But it can still fit a 6-seater table.  
  • The ID has pushed the dining area to a corner and this allows for more walking space from the kitchen to the yard and living room. 
  • Take note that when you’re getting a dining table, you’ll need to find a suitable size so that it won’t disrupt the walking space. 
  • However, with the balcony doubling up as an alfresco dining area, there will still be enough space even when you have guests over. This is great for days when it’s not raining or not too hot. 
  • One idea is to install zip track blinds at the balcony so you’ll have a more comfortable dining area there. 
  • Do also note that the showflat uses mirrors and this makes the unit seem bigger. When you’re at the showflat, try to imagine the space without mirrors to see what the actual space is like. 

Also, check out these other things you need to know before going for a showflat viewing

Master Bedroom

parc greenwich 4 bedroom master bedroomparc greenwich 4 bedroom master bedroom floor plan
  • The master bedroom and master bathroom has a combined space of 19 sqm (205 sq ft). This is not one of the biggest master bedrooms we’ve seen but it’s still slightly larger than average. 
  • A king-sized bed would fit comfortably with a dressing table. 
  • Like the 3-bedroom unit, there’s also a full-length window. In fact, one bonus point of Parc Greenwich is that the bedrooms in all units come with full-length windows as the AC ledges are attached to the bathrooms instead. 
  • What we would love to have seen are more provisions for the master bedroom such as more wardrobe space or perhaps his and her sinks in the bathroom. 

Other bedrooms

  • The three common bedrooms are almost equally-sized. Bedrooms 2 and 3 are 9 sqm (97 sq ft) each while Bedroom 4 is 8 sqm (86 sq ft). 
parc greenwich bedroomparc greenwich 4 bedroom common bedrooms
  • At the showflat, the ID has combined Bedroom 2 and 3 into a huge 18sqm (194 sq ft) bedroom for kids. The ID has also installed bunk beds on top, with study desks at the bottom. 
  • If you have young children, this would probably be a good idea. However, as your children get older, this might pose a problem as they would prefer to have their own rooms. 
  • This gives you an idea of combining two bedrooms especially if you don’t need an additional bedroom. 
  • For multi-generational families, the combined room can also be turned into a “junior master bedroom” for the younger couple of the household. 

Parc Greenwich Stack Analysis & Facilities

parc greenwich stack views
  • The stacks highlighted in blue have the best views as they face the Seletar Hills Estate which is a low-density residential area.
  • However, Stacks 11, 12, 15 and 16 might get some noise from the traffic at Yio Chu Kang Rd during peak hours. Stack 11 is also located close to the Bin Centre, so those on the lower floors might have to deal with the garbage smell and pests. 
  • Stacks 3, 4, 7, 8 and 24 will get views only if they are on the higher floors as they face some of Parc Greenwich’s facilities. 
parc greenwich stack views
  • These are the stacks with less impressive views as they face the Fernvale Dew BTO which will TOP in 2022. 
  • The highest floor of Fernvale Dew will be the 25th floor, which is higher than Parc Greenwich’s 14th floor. 
parc greenwich stack views
  • These are the stacks that are inward-facing. There’s a distance of about 18 to 22 metres between them which is a pretty average length.
  • Stacks 17, 18, 21, 22, 27, 28, 31, 32, 35 and 36 face the 50m Oasis Pool. Stacks 9, 10, 13, 14, 19, 20 and 23 face the Splash Pool and Spa Pools. Those who are concerned about noise from the pool might want to avoid these stacks. 

Read this to find out if it’s worth getting a pool-facing unit on the lower floor if the higher floors are expensive. 

parc greenwich sun facing analysis
  • In terms of sun direction, stacks 11, 12, 15, 16 will most likely get direct afternoon sun as they have unblocked views facing Seletar Hills. 
  • The good news is that they will also get a lot of southerly wind from April to October as there’s no obstruction. So, that’ll keep the house cool. 
  • Stacks 20, 23, 24 and 27, 28, 32 will probably get some afternoon sun too and it helps that they are blocked by the other units of Parc Greenwich. 
  • In terms of the morning sun, it won’t really affect the units much as Parc Greenwich is blocked by the Fernvale Dew BTO. However, this also means that units facing Fernvale Dew will not get to enjoy much northerly wind. 

Facilities at Parc Greenwich

Parc Greenwich Site Plan

parc greenwich site planparc greenwich list of facilities

Family-friendly facilities

  • As ECs cater mostly to families and married couples, Parc Greenwich has its fair share of family-friendly facilities too. 
parc greenwich family meadow facilities
  • There’s a section called Family Meadow at Blk 31 (stacks 1 to 4) where you’ll find a farm-to-table BBQ pavilion, several lawns and a playground. 
  • Here’s where you can host family gatherings or have friends over. While parents can whip up a meal at the BBQ pavilion, their children can run around the lawns or have some fun at the playground. 
parc greenwich family facilities
  • Blk 31 also houses the Clubhouse on Levels 1 and 2.
  • The Clubhouse has several function rooms for you to host various events and activities. 
parc greenwich parc room
  • The Parc Room has a kitchen that’s equipped with ovens, an induction hob, a sink and a dining area. 
  • This is perfect for residents who want to invite their loved ones over for a meal.  
  • What’s great is that the Clubhouse is located near the drop-off and arrival lounge. This way, guests can conveniently head to their gatherings without having to go through the other parts of the condo.
  • This means that other residents won’t have their privacy compromised. 
parc greenwich greenwich room
  • Just next door is the Greenwich Room which has a luxurious seating area and entertainment facilities for you to host post-dinner drinks.  
  • Both the Parc and Greenwich rooms can be combined if you need a larger space for your party. 
parc greenwich play nest
  •  There are various spaces for different groups of residents too. 
  • The Play Nest is a colourful and thoughtfully-decorated space where kids can play with toys in a fostering environment. 
  • Birthday parties can also be held here. 
parc greenwich champs club
  • While kids are having fun at the Play Nest, their parents can have their own fun at the Champs Club which has a pool table and a dartboard. 
parc greenwich splash pool
  • For some water fun, parents can also bring their kids to the Splash Pool.
  • An interesting feature here is that while kids have fun, their parents can do some work at the pavilion which is equipped with tables and perforated screens. These screens double up as shade cover as well as for projection. 
  • For parents who work from home and have to take care of their kids, this can be a possible work arrangement. 
parc greenwich site plan layout
  • One disadvantage here is that the Splash Pool is located between Blk 37 and 39, which is far from the rest of the family-friendly facilities at the Clubhouse and Family Meadow.
  • While that’s not a problem in itself, the Splash Pool is located near the spa and wellness zones where working adults are looking to unwind after a hectic day. 
  • Hence, having the Splash Pool near the spa zone might possibly disrupt the peace and tranquillity of those using the spa pools. 

Wellness facilities for young married couples and working adults

parc greenwich wellness club
  • One facility that sets Parc Greenwich apart from other new launch ECs is a 3-storey Wellness Club. 
  • Since the pandemic, more importance has been placed on mental well-being and hence, having the Wellness Club is definitely a good move. 
parc greenwich wellness club
  • Think of it as a resort-like facility where you can enjoy a dip in the Rejuvenation Pool and Vitality Pool or enjoy the Spa Garden without going on vacation. 
  • The only downside is that you might get disrupted by the noise at the neighbouring Splash Pool which we mentioned earlier. 
parc greenwich village hall
  • On the first floor of the Wellness Club is a high-ceiling Village Hall which is a multi-purpose space. 
  • You can use the hall for a range of activities, from playing sports like badminton to dance and even hosting social events. 
parc greenwich gym
  • The Wellness Club has a gym on the second floor so you can burn some calories and keep healthy. 
  • If you’re planning to do some outdoor sports, you can also head over to the Tennis Court near blocks 37 and 41 or head to the 50m Oasis Pool. 
parc greenwich wellness deck
  • Finally, on the third floor, there’s a Parkview Deck and Parkview BBQ pavilion which offer unblocked views of greenery at the future park and the Seletar Hills estate. 
  • Residents can do some yoga at this spot or even plan a BBQ session with loved ones. 

50m swimming pool for all

parc greenwich swimming poolparc greenwich pool artist impression
  • Last but not least, the 50m Oasis Pool is a pool for different ages and groups. 
  • While most residents who use the pool will be adults, parents might also want to use it for private swimming lessons for their children. 
parc greenwich stack preference
  • Based on where the facilities are located, here’s a recommendation of which stacks you might want to consider based on your lifestyle. 
  • Take note that these are just preference recommendations as choosing a stack based on how close it is to a particular facility may not always be a priority. After all, the facilities are just a short walk away from any stack you choose. 
  • However, one benefit of staying in a stack near a particular facility is that you’ll be able to see how crowded it is before you actually head there. For instance, those in the pool-facing stacks will be able to decide whether they should go down for a swim based on the crowd at the pool. 
parc greenwich architect

Parc Greenwich Price Comparison

Here’s the transacted pricing for Parc Greenwich:

Unit type

Quantum (S$) 

Average price psf (S$)

Size ranges (sq ft)

2-bedroom Deluxe

904,000 - 1,028,000

1,230

786 

3-bedroom Deluxe

1,062,000 - 1,225,000

1,175

958 - 980

3-bedroom Premium 

1,138,000 - 1,380,000

1,244

1001

3-bedroom Premium with Study

1,195,000 - 1,404,000

1,236

1066 

4-bedroom Premium

1,330,000 - 1,629,000

1,249

1206

5-bedroom Luxury

1,744,000 - 1,884,000

1,230

1464 - 1679

Data source: URA, Realis, 99.co

Parc Greenwich vs New launch ECs in the whole of Singapore

  • As ECs attract families who are upgrading from HDBs and first-time home buyers, we’ve provided a comparison of all new launch ECs in Singapore to see where Parc Greenwich stands.

Project

Average Price PSF (S$)

No. of units

Unit types (br)

TOP

Tenure

District

Remarks

Parc Greenwich

1,226

496

2,3,4,5

2026

99 years

28

launched Aug 2021

Ola

1,160

548

2,3,4,5

2023

99 years

19

launched Feb 2020, 75% sold

Piermont Grand

1,151

820

3,4,5

2023

99 years

19

launched Jul 2019, close to fully sold

Provence Residence

1,166

413

3,4

2026

99 years

27

launched May 2021, more than 50% sold

Parc Canberra

1,090

496

2,3,4,5

2023

99 years

27

launched Jan 2020, fully sold

Parc Central Residences

1,170

700

3,4,5

2025

99 years

18

launched Jan 2021, almost fully sold

Data source: URA, Realis, 99.co
new launch EC price comparison table
  • Parc Greenwich has the highest average price PSF among all new launch ECs and this could be because it’s the last new launch EC for 2021. 
  • Before Parc Greenwich, the last launch was Provence Residence at Canberra in May 2021. 
  • If you look at the take-up rate, many of the new launch ECs are fully sold or almost there. Hence, there is a strong demand for ECs especially in an area like Sengkang where many families are looking to purchase their first home. 
  • This could explain why the average price psf for Parc Greenwich is the highest. 

New launch ECs vs Resale ECs in Sengkang, Punggol, Hougang and Yio Chu Kang

  • With a limited supply of new launch ECs, many buyers might also want to consider resale ECs in the surrounding areas of Parc Greenwich. 
  • Many of the ECs have just reached their 5-year MOP period which means that you can sell your house on the open market or rent out the whole apartment. 
  • Some of these are also reaching their 10-year mark and that’s when they will be fully privatised. 

Project

Average Price PSF (S$)

No. of units

Unit types (br)

TOP

Tenure

District

Remarks

Parc Greenwich

1,226

496

2,3,4,5

2026

99 years

28

launched Aug 21

Ola

1,160

548

2,3,4,5

2023

99 years

19

launched Feb 2020

Piermont Grand

1,151

820

3,4,5

2023

99 years

19

launched Jul 2019

The Topiary

1,048

700

2,3,4,5

2016

99 years

28

recently MOP

Lush Acres

1,061

380

3,4,5

2016

99 years

28

recently MOP

Bellewaters

1,020

651

3,4,5

2017

99 years

19

recently MOP

The Vales

1,041

517

2,3,4,5

2017

99 years

19

recently MOP

Ecopolitan

1,067

512

3,4,5

2016

99 years

19

recently MOP

Waterbay

1,000

383

2,3,4,5

2016

99 years

19

recently MOP

The Amore

1,056

378

2,3,4,5

2016

99 years

19

recently MOP

Twin Waterfalls

1,007

728

3,4

2015

99 years

19

Waterwoods

1,008

373

2,3,4,5

2015

99 years

19

Heron Bay

959

394

2,3,4,5

2015

99 years

19

Austville Residences

954

540

2,3,4

2014

99 years

19

10y coming soon

Riverparc Residence

933

504

2,3,4

2014

99 years

19

10y coming soon

Esparina Residences

1,164

573

2,3,4

2013

99 years

19

10y coming soon, located near Buangkok MRT

Prive

1,050

680

2,3,4

2013

99 years

19

10y coming soon, near Punggol MRT

Park Green

817

391

3,4

2004

99 years

19

already 18 years

The Rivervale

743

671

3,4

2000

99 years

19

already 22 years

The Florida

767

496

3

2000

99 years

19

already 22 years

Nuovo

959

297

3,4

2004

99 years

20

near Yio Chu Kang MRT

Data source: URA, Realis, 99.co
parc greenwich vs resale ECs price chart
  • As compared to resale ECs in the area, Parc Greenwich also has the highest average price psf. 
  • If you’re not a first-time buyer of ECs, the resale options are worth considering. 
  • Some of these, like Esparina Residences and Prive are located near Buangkok and Punggol MRT stations respectively and are reaching their 10-year mark soon. These are unique projects as many ECs are usually not located near an MRT station.
  • In terms of location, The Topiary is located closest to Parc Greenwich and it’s along Fernvale Lane too. Its average price psf is S$1,048 and it has just MOP-ed. 
  • Do ensure that you know the key differences between buying a new and resale EC, especially in terms of the payment scheme. 

Parc Greenwich vs Private Condos nearby

  • Here’s a comparison of Parc Greenwich’s average price psf vs private condos nearby. 
  • For buyers who are in a position to choose between an EC and private condo, this will be useful for you. 

Project

Average Price PSF (S$)

No. of units

Unit types (br)

TOP

Tenure

District

Parc Greenwich

1,226

496

2,3,4,5

2026

99 years

28

The Greenwich

1,142

319

1,2,3

2014

99 years

28

Seletar Park Residence

1,137

276

1,2,3,4

2015

99 years

28

High Park Residences

1,293

1399

1,2,3,4,5

2019

99 years

28

Parc Botannia

1,441

735

1,2,3,4,5

2021

99 years

28

Riverbank @ Fernvale

1,165

555

1,2,3,4,5

2017

99 years

28

H2O Residences

1,089

521

1,2,3,4

2015

99 years

28

Rivertrees Residences

1,225

495

1,2,3,4

2018

99 years

28

Seletar Springs Condominium

800

364

2,3,4

2001

99 years

28

Sengkang Grand Residences

1,721

680

1,2,3

2023

99 years

19

Jewel @ Buangkok

1,354

616

1,2,3,4,5

2017

99 years

19

The Quartz

1,079

625

3,4

2009

99 years

19

Compass Heights

887

536

1,2,3,4

2002

99 years

19

La Fiesta

1,294

810

1,2,3,4,5

2017

99 years

19

The Luxurie

1,177

622

1,2,3,4

2015

99 years

19

Data source: URA, Realis, 99.co
parc greenwich vs private condos prices

Appreciation Value Analysis

1. URA Masterplan for the Northeast region

parc greenwich ura masterplan
  • Based on the URA Masterplan, the area opposite Parc Greenwich is designated to be the future Sengkang West Industrial Park.
  • Although there’s not much information on when it’ll be ready, it’s expected to bring future residents closer to more job opportunities. 
  • This also adds to more jobs in the nearby Punggol Digital District and Seletar Aerospace Park. 
  • This might mean that there’ll be more demand for housing in the area, which is most likely to bring up prices in future. 

2. Average price PSFs of ECs nearby have seen an increase 

Price trend of ECs which are over 10 years in Sengkang, Hougang and Yio Chu Kang

ec price trend northeast
  • This price chart shows the 4 oldest ECs in the surrounding neighbourhoods - The Rivervale (TOP: 2000), Park Green (TOP: 2004), Nuovo (TOP: 2004) and The Florida (TOP: 2000). 
  • Though the average price psf took a hit after cooling measures in 2013, they have bounced back since 2016 and have managed to gradually appreciate. 
  • Hence, after hitting its 10-year mark, there is potential for Parc Greenwich’s average price psf to increase. 
  • This is because there will be more potential buyers. Only Singaporeans and families can buy a new EC but foreigners, PRs and singles are able to buy a resale EC which has privatised after 10 years. 

ECs in Sengkang, Punggol, Hougang reaching the 10-year mark 

northeast ec reaching 10 years
  • If you look at the ECs that are about to reach their 10-year mark, their average price psf have been climbing steadily. 

ECs in Sengkang, Punggol, Hougang which just MOP-ed

northeast ec mop prices
  • The same trend can be observed for projects that have recently MOP-ed. 
  • Hence, both price charts show that there is potential for Parc Greenwich’s average psf prices to appreciate 
  • Plus, Parc Greenwich is the only EC to be completed in the northeast in 2026. Hence, after 5 years, it will be the only project in the area that reaches MOP status. So, it will most likely be in demand when the time comes. 
  • Developments in the surrounding neighbourhoods like the Punggol Digital District and the upcoming Cross-Island Line extension (estimated to be ready in 2030) would increase demand for Parc Greenwich too. 

3. Limited supply but high demand of ECs might drive prices up

EC prices appreciation
  • In the past 5 years, the prices of ECs have also increased at a faster rate than private condos in OCR. We compared the price trends of ECs and private condos in the OCR as ECs are located in the OCR. 
  • This trend is expected to continue unless the government decides to allocate more land for ECs. 
  • However, one thing to note is that the volume of private condos transacted is way higher than the volume of ECs, which is why the prices of EC might seem like they have increased at a higher rate.

Summary

+ Plenty of primary schools and pre-schools nearby, great for families with young children

+ Near to a number of supermarkets, restaurants and retail options in malls like Greenwich V and The Seletar Mall

+ Near to dining and hangout spots like Jln Kayu, Seletar Hills and Seletar Aerospace Park 

+ There is potential for price appreciation due to proximity to Sengkang West Industrial Park, Punggol Digital District and Seletar Aerospace Park

+ Developed by well-known real estate giants, Frasers Property and CSC Land

- Average price PSF is higher than other new launch ECs, resale ECs and some resale private condos in surrounding areas

- Not near any MRT station, the nearest LRT station is a 10-min walk away but there is a good selection of buses

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Frequently Asked Questions

What is the price of individual unit types at Parc Greenwich?

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Prices are expected to start from S$904,000 for a 2-bedroom unit, S$1.06 million for a 3-bedroom unit, S$1.33 million for a 4-bedroom unit and S$1.74 million for a 5-bedroom unit.

What is the address of Parc Greenwich's showflat and how can I book a showflat viewing?

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Parc Greenwich's showflat is located at the junction of Fernvale Road and Sengkang West Way. Click on the "Enquire Now" button to book your slot.

What is the average price psf of Parc Greenwich?

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Parc Greenwich's average price psf is estimated to be S$1,226.

Is Parc Greenwich a good investment?

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Parc Greenwich is a good investment for families with young children as there are plenty of primary schools and pre-schools nearby. Its unit mix of 2 to 5-bedrooms are also suitable for larger families.

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