Parc Oasis, located in Jurong East in District 22, is a 99-year leasehold condominium developed by Marcobilt Developers Pte Ltd. This family-friendly property comprises 950 residential units across 20-storey buildings. Living here has several perks such as the unobstructed panoramic view of Tengah’s green foliage. Residents can enjoy the fresh air and tranquil environment, along with the conveniences found in the neighbourhood. Let’s find out more if you’re interested in buying a property in the West region.
4 Reasons Why Parc Oasis Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | District/Region | Tenure | TOP | Unit Type | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|---|
| Parc Oasis | 22 / OCR | 99-year leasehold | 1995 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom |
797 1,076 1,507 1,733 |
$928 |
This development comes with generously-sized units, i.e. four-bedroom apartments that go up to 1,733 sqft. It is decked with facilities that will help you live an active lifestyle such as a swimming pool, gymnasium, squash, tennis, and table -tennis courts. After a full body workout, you can relax your muscles at the sauna and steam bath. Thinking of family bonding activities, make full use of the barbeque pits, function rooms, a reading room, playground, and lounge.
2. Accessibility, Amenities, and Recreational Spots
The closest MRT station for Parc Oasis residents is the Chinese Garden MRT station. You can choose to take a nine-minute bus ride or go for an 11-minute walk. Being on the East-West Line, you are closely connected to stations such as Bukit Batok, Lakeside, and Jurong East interchange station. If you have your own vehicle, you can drive to the Central Business District in 19 minutes and Orchard Road in 17 minutes.
Wondering what amenities are available nearby? For starters, there are eight ATM machines within the 500m radius. There’s an NTUC supermarket which is less than 300m away – you can reach there in three minutes on foot! You can’t complain about not having much variety when it comes to shopping, as Parc Oasis is close to multiple malls. They include Westgate, Big Box, IMM, J-Cube (Singapore’s first Olympic-size ice-skating rink is here!), and Bukit Batok West Shopping Centre.
Chinese Garden, Singapore
The Chinese and Japanese Gardens are closed for redevelopment and will be completed from 2021 onwards, to give the public new community spaces, tropical and aquatic gardens, along with food and beverage outlets. In the meantime, you can still enjoy nature at several spots like Pandan Reservoir and Lakeside Garden. Other future recreational spots you can look forward to are a world-class science centre and waterfront park and promenade with dragon boating and kayaking.
3. Education, Employment, and Healthcare
There are plenty of schools within the surrounding area. You can find one childcare centre, three kindergartens, and one school (Jurong Primary School) within a 500m radius. Other nearby schools include: Yuhua Primary School, Fuhua Primary School, Shuqun Secondary, and Bukit Batok Secondary School.
Dubbed as Singapore’s second CBD and new Science Centre, there will be three new employment hubs in the area- Jurong Lake District (JLD), Jurong Innovation District (JID) and Tuas Port. JLD and JID will test-bed new urban solutions and infrastructure to create more pleasant working and living environments for all.
Medical facilities are within easy access, including the 700-bed Ng Teng Fong General Hospital and 400-bed Jurong Community Hospital. Both are a five-minute drive away.
Jurong East Interchange
4. Property Price and Future Developments
The price of a three-bedroom apartment (1,335 sqft) on Parc Oasis’ mid-level floor, in the past three years:
January to December 2017 – up to $990,000
January to December 2018 – up to $1,100,000
January to December 2019 – up to $1,150,000
Since 2017, property rental prices at Parc Oasis have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, healthcare institution, community spaces, improved connectivity, industrial hubs, and recreational facilities.
Is Parc Oasis the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Parc Oasis
Talk to our mortgage brokers with over 30 years of experience, guaranteed to get you the best home loan rate across all banks in Singapore. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Parc Oasis
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a three-bedroom unit at Parc Oasis the price is at $1,150,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $30,600.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $150,000 | 4% | $6,000 |
| BSD Payable | $30,600 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Parc Oasis
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Parc Oasis
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,150,000 |
|---|---|---|
| If Parc Oasis is your second residential property | 12% | $138,000 |
| If Parc Oasis is your third or subsequent residential property | 15% | $172,500 |
ABSD for Singapore Permanent Resident when Buying Parc Oasis
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,150,000 |
|---|---|---|
| If Parc Oasis is your first property | 5% | $57,500 |
| If Parc Oasis is your second or subsequent residential property | 15% | $172,500 |
ABSD for Foreigners when Buying Parc Oasis
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,150,000 |
|---|---|---|
| Foreigners buying any property | 20% | $230,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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