Parkway Shenton Serangoon: A Comprehensive Guide to Your New Home

Parkway Shenton Serangoon, perched on the fringe of Serangoon, is a new launch condominium developed by reputable developers, Oxley Holdings Limited and SingHaiyi Group Ltd. This highly anticipated project offers a prime location, state-of-the-art amenities, and a serene living environment.

Location and Connectivity

Parkway Shenton Serangoon boasts an exceptional location, providing residents with seamless connectivity to key destinations. It is situated:

• 3 minutes' walk from Serangoon MRT station (North-East Line and Circle Line)
• Adjacent to Serangoon Bus Interchange
• Minutes away from CTE, KPE, and PIE expressways
• Central to popular shopping malls, dining options, and amenities in Serangoon Central

Amenities and Facilities

Parkway Shenton Serangoon offers a comprehensive range of amenities and facilities to cater to the needs of its residents. These include:

• Swimming pool
• Gymnasium
• Clubhouse
• Function room
• BBQ area
• Playground
• 24-hour security

Unit Mix and Pricing

Parkway Shenton Serangoon comprises a total of 243 residential units, ranging from 1-bedroom to 4-bedroom apartments. The unit mix and estimated pricing are as follows:

Common Mistakes to Avoid

When purchasing a property at Parkway Shenton Serangoon, it is crucial to avoid common mistakes. These include:

• Overestimating your budget: Determine your financial capabilities and secure pre-approval for a mortgage before making an offer.
• Ignoring location: Consider the location's proximity to amenities, transportation, and future development potential.
• Rushing the decision: Take your time to research the project, examine the floor plans, and visit the showflat.
• Skipping legal advice: Consult with a legal professional to review the Sales and Purchase Agreement and ensure your interests are protected.

Step-by-Step Approach to Purchasing a Unit

The process of purchasing a unit at Parkway Shenton Serangoon is straightforward and can be summarized in the following steps:

Step 1: Register Your Interest
Express your interest in the project by filling out a registration form online or visiting the showflat.

Step 2: Attend the Sales Preview
Attend the sales preview to learn more about the project, view the floor plans, and receive the latest pricing information.

Step 3: Make an Offer
Select the unit you desire and submit an offer to purchase.

Step 4: Pay the Option Fee
Once your offer is accepted, you will be required to pay an option fee to secure the unit.

Step 5: Sign the Sales and Purchase Agreement
Engage a legal professional to review and sign the Sales and Purchase Agreement.

Step 6: Complete the Down Payment
Pay the down payment according to the agreed payment schedule.

Step 7: Receive the Keys
Once the development is completed, you will receive the keys to your new home.

FAQs

Q1: What is the expected completion date of Parkway Shenton Serangoon?
A: The estimated completion date is in 2025.

Q2: Is there a carpark at Parkway Shenton Serangoon?
A: Yes, there is a multi-storey carpark with ample parking spaces.

Q3: What is the maintenance fee at Parkway Shenton Serangoon?
A: The estimated maintenance fee is approximately $0.45 psf per month.

Q4: Are there any schools nearby Parkway Shenton Serangoon?
A: Yes, there are several educational institutions in the vicinity, including St. Gabriel's Secondary School, Zhonghua Secondary School, and Serangoon Garden Secondary School.

Q5: What are the nearby shopping malls?
A: Parkway Shenton Serangoon is situated near popular shopping malls such as NEX, Serangoon Junction, and My Village @ Serangoon Garden.

Q6: What is the potential rental yield for Parkway Shenton Serangoon?
A: According to industry experts, the estimated rental yield is approximately 3% - 4% per annum.

Call to Action

If you seek a prime residential development that offers a strategic location, exceptional amenities, and a tranquil living environment, Parkway Shenton Serangoon is the ideal choice for you. With its comprehensive range of unit types, flexible payment plans, and potential for growth, this project presents an opportunity for you to acquire your dream home in a vibrant and well-connected neighborhood.

Visit the Parkway Shenton Serangoon showflat today to experience the elegance and comfort of this luxurious condominium. Book an appointment with our dedicated sales team to learn more about the project details, floor plans, and availability.

In-Depth Analysis of Parkway Shenton Serangoon

1. Location and Proximity to Amenities

Parkway Shenton Serangoon's exceptional location provides residents with seamless access to a multitude of amenities. Situated just a 3-minute walk from Serangoon MRT station, the development is also within proximity to numerous bus stops. This connectivity makes commuting to various parts of Singapore effortless.

The surrounding area boasts a thriving retail scene, with major shopping malls such as NEX, Serangoon Junction, and My Village @ Serangoon Garden within easy reach. These malls offer an extensive array of retail options, dining outlets, and entertainment facilities.

2. State-of-the-Art Facilities and Amenities

Parkway Shenton Serangoon is designed to elevate the living experience of its residents. The development features an array of amenities that cater to diverse lifestyles and needs.

The swimming pool, gym, and clubhouse provide ample opportunities for fitness, relaxation, and socialization. A function room and BBQ area enable residents to host memorable events and gatherings. The playground caters to the needs of young families, while 24-hour security ensures peace of mind.

3. Diverse Unit Mix and Pricing

Parkway Shenton Serangoon offers a wide range of unit types to cater to different needs and budgets. The 243 residential units range from compact 1-bedroom apartments to spacious 4-bedroom units.

The estimated pricing, as provided in the table below, is competitive and offers a compelling value proposition considering the project's prime location and high-quality finishes.

4. Future Growth Potential

Parkway Shenton Serangoon is strategically located within an area poised for significant growth. The North-Eastern Region Line (NEL) extension, which is currently under construction, will further enhance the project's connectivity.

Additionally, the upcoming Serangoon North MRT station will be situated just a short distance away, providing even greater convenience to residents. With these infrastructure improvements, the value of Parkway Shenton Serangoon is expected to appreciate over time.

5. Experienced Developers

Parkway Shenton Serangoon is developed by Oxley Holdings Limited and SingHaiyi Group Ltd, renowned for their expertise and track record in real estate development. These developers have a proven ability to deliver high-quality projects, ensuring peace of mind for buyers.

Investment Considerations

Parkway Shenton Serangoon presents an attractive investment opportunity due to its:

• Excellent location and connectivity
• High-quality amenities and finishes
• Potential for capital appreciation
• Strong rental demand

The estimated rental yield of approximately 3% - 4% per annum makes Parkway Shenton Serangoon a compelling proposition for investors seeking a stable and passive income stream.

Disclaimer:

The information provided in this article is based on publicly available data and sources believed to be reliable. However, accuracy and completeness cannot be guaranteed. Interested parties are encouraged to conduct their own due diligence and consult with relevant professionals before making any investment decisions.