Situated at the previous Park West domestic site, Parc Clematis new launch contains 1,468 units, consisting of near 20 landed houses and also is stated to be the developer’s biggest project today.
SingHaiyi acquired the previous Park West property site in Clementi for S$ 840.9 million in an en bloc sale in 2015. The price converts to a land price of S$ 850 per sq feet per plot proportion after considering an approximated S$ 290.6 million in differential costs as well as lease updating costs.
Parc Clematis is anticipated to be finished in the 3rd quarter of 2023.
The property development takes up acreage of 633,000 square feet (sq feet) with a plot proportion of 2.1. Unit dimensions vary from 452 sq feet for a one-bedroom and also 2,669 sq feet for the biggest five-bedroom penthouse. The 12 balcony units begin with 2,659 sq feet and also the 6 cottage units are 3,832 sq feet each.
Aside from having public centres like clubs and also multi-purpose enjoyment as well as a recreation room, the apartment is likewise near to educate terminals and also mall.
Prices for the landed units is not available yet the project flaunts 9 24-storey tower blocks with rates beginning with regarding S$ 1,550 per square foot (psf) for a one-bedroom unit, S$ 1,540 psf for a two-bedroom unit, as well as S$ 1,530 psf for a three-bedroom unit.
Deputy CEO of SingHaiyi, Gregory Sim, stated that he is motivated by reactions from previous residential or commercial property launches. “I believe there is constantly a need particularly for Parc Clematis considering that there have actually not been brand-new launches around for the previous 3 and also a fifty percent years,” he claimed.
CBRE’s head of research study at South-east Asia Desmond Sim stated that while some success is anticipated as a result of the underlying need for people that prefer its place in Clementi, it is not likely to be a total sell-out.
The property development takes up a land area of 633,000 square feet (sq feet) with a plot proportion of 2.1. Unit dimensions vary from 452 sq feet for a one-bedroom and also 2,669 sq feet for the biggest five-bedroom penthouse. The 12 balcony units begin from 2,659 sq feet and also the 6 cottage units are 3,832 sq feet each.
The developer of Parc Clematis SingHaiyi Gold Pte Ltd, a holding company of SingHaiyi Group Ltd. The Group started its venture in developing business as well as property areas in the United States back in 2013 and also ever since they have actually taken place to develop numerous various other exclusive household and also executive condo in Singapore. A few of its projects in Singapore consist of CityLife at Tampines, City Suites, as well as The Vales.
The MRT Station is Clementi MRT Station which is within strolling range and also provides locals instantaneous accessibility to any type of component of Singapore by means of the East-West Line. And Also with Jurong East MRT Station a rock’s get rid of providing interchange opportunities for both the North-South Line as well as East-West Line.