Ravi Chandran
Parc Clematis sells 324 units of its 1,468-unit residential project in Clementi
Parc Clematis sells 70 per cent of the 465 units released for sale by the end of the launch day on Aug 31. Celine Tang, group managing director of SingHaiyi, said: “We are very encouraged by the strong take-up by homeowners and investors for Parc Clematis. In particular, we are heartened to see brisk sales of larger apartment types which typically appeal to buyers looking to stay in them, in addition to strong sales demand for one- and two-bedroom units which are suitable for both residents and investors.”
As Parc Clematis sells 70 percent of it released units, the average selling price worked out to about $1,580 per square foot (psf).
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The developers of Parc Clematis, SingHaiyi Group, had earlier said that the the strong interest in the project “is testament to the attractiveness of our latest residential development, with its prime location in Clementi, excellent connectivity to transport and amenities, wide range of communal facilities complemented by well thought-out living spaces – all contributing to a kindred lifestyle community.”
Parc Clematis, 99-year old leasehold condo which replaces the former Park West Enbloc. Parc Clematis attracted thousands as it is expected to yield a total of 1,500 units. It was successfully sold to the developer at a cost of $840.89 million.
An upswing of enblocs in real-estate has been witnessed recently in Singapore but Parc Clematis represents one of the larger developments within the Clementi mature estate. This means there will be plenty of amenities in place for the new owners to take advantage of. These could be the major reasons why Parc Clematis attracted many over the weekend preview.
Prices for a one-bedroom unit at Parc Clematis sells from around $1,550 per sq ft (psf), $1,540 psf for a two-bedder, and S$1,530 psf for a three-bedder. Prices for the landed units, on the other hand, is not available.
Unit Configuration
Parc Clematis will feature a variety of unit types ranging from 1-bedroom to 5-bedrooms.This means single professional, fresh couples and multi-generational families all have a place at the condo.
Condo Facilities
With SingHaiYi in charge of the project, future residents and investors can expect a gamut of first-class amenities throughout the condo. The developer plans to include such amenities as a 50-meter pool, children’s playground, indoor gym, outdoor BBQ, 24-hour premium concierge service and more. This is means all the comfort, fitness, fun and luxury needs of residents are well taken care of.
Location
Parc Clematis found within a private residential estate that’s highly developed. The condo development sits next to a few other condominiums with rest of its neighboring properties being landed houses of the Faber Hills Estate. The up and coming area, where Parc Clematis sits, holds much promise to investors because it lies between the established Clementi township ( on the east) and the Jurong Lake East District economic hub on the west side. And with many schools and unique transport and lifestyle amenities surrounding it, future residents will definitely enjoy greater convenience living with the area.
Parc Clematis Amenities and Features
Schools
The Parc Clematis condo’s location can be strongly appealing to families with young school-going kids because there are good schools and education institutions lying in close proximity. The Nan Hua Primary, located just directly opposite the condo, is one of the country’s top-ranking co-ed primary schools that can be great for kids to enroll in.
Also, within a 1 km radius, there are good schools like the Clementi Primary, Qifa Primary and Pei Tong Primary. Further, a number of established learning institutions, going up to tertiary level, are located close by like the Tanglin Secondary, Singapore Polytechnic, Anglo-Chinese Junior College, LASALLE College of Arts and more, where residents can enroll themselves or their children in.
Transport System
The Clementi MRT Station is roughly 10 minutes’ walk away from Parc Clematis. There’s a site, beside Clementi Primary & secondary that has been zoned for a HDB project. But once the precinct is fully developed, there should be a way going directly across Clementi Avenue 6 via a pedestrian bridge to the Clementi MRT station and town center. This will reduce to the walking time to about 5 to 7 minutes.
The fact that abovementioned MRT is on the East-West line, one of the longest lines there is in Singapore, means they’ll enjoy greater convenience travelling to areas between Jurong and Changing International Airport. Some of these stop overs along the way include Jurong Gateway, Raffles Place, Tanjong Pagar and Paya Lebar.
The condo also lies not-so far from Ayer-Rajah Expressway (AYE), a major expressway with an exit close by, that connects to rest of Singapore’s expressway network. This means travelling to the city and the rest of the island by car is fast and hassle-free.
Shopping, Banks and Lifestyle Amenities
Parc Cleamatis’ location in a mature estate means residents have access to countless amenities that can suit all their shopping, economic and lifestyle needs. There are a couple of malls located a short from the development like the Clementi Mall, Grantral Mall, 321 Clementi and West Coast Plaza.
Residents can also take advantage of the nearby supermarkets such as Fairprice, Cold Storage, Sheng Siong and Giant. Other lifestyle amenities located close by include the West Coast Park, Sunset Way Park, Clementi Woods Park as well as the Clementi Swimming Complex and Sports Center.
Parc Clematis Condo Pricing
Developer SingHaiYi Group is yet to release the full official price for the condo development. However, real estate analysts speculate the indicative selling price would be between $1,500 and $1,600 psf.
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