The home growth division of Chip Eng Seng Company introduced its Parc Komo combined development in Changi yesterday. CEL Development stated the estate project is inspired by the Japanese concept of Komorebi, which commemorates the blend of nature and order. It has a typical cost of about $1,450 per square foot (psf) as well as occupies an acreage of regarding 202,000 sq ft with 10 five-storey blocks totalling 276 units. There are also two degrees including 28 industrial units.
House dimensions range from 452 sq ft for a one-bedroom home to 1,905 sq ft for the biggest five-bedroom luxury penthouse. The prices starts at $663,000 for a one-bedroom unit, $871,000 for a two-bedder as well as $1,294,000 for a three-bedroom unit. The general public preview is on Saturday. Parc Komo is in District 17, an area allocated for advancement and renewal in the Urban Redevelopment Authority (URA) Draft Master Plan 2019.
Chip Eng Seng Corporation president Raymond Chia stated: “The rustic charm of Changi as well as the exciting masterplan for the location are major draw cards for Parc Komo.” Investors can expect rental opportunities offered its distance to Changi Company Park, Changi International Logispark, Changi Aeronautics Park and also the upcoming Changi East Industrial Zone. Neighboring recreational services consist of Changi Point as well as Gem Changi Airport Terminal. Parc Komo will come through the upcoming Loyang MRT station on the Cross Island Line, expected to be finished by 2029.