THE CLAVON CONDOMINIUM
Upcoming Launch at Clementi by UOL Group
We present here a Review of the Clavon condo. The Clavon is a brand new condominium being launched for sale in the established city-fringe estate of Clementi.
It is being built by a joint venture of two subsidiaries of the UOL Group, the very same developer who launched Clement Canopy two doors away in February 2017. That 505-unit project sold out fully by July 2018.
Note: This is NOT an advertisement for sale.
UOL is looking to repeat that success with the Clavon condominium, given that it has much the same attributes as Clement Canopy. For one, it will be the latest in UOL’s string of Masterpiece Homes, that stand out from the usual run-of-the-mill products.
These Masterpiece projects feature quality residences set in beautifully sculpted gardens and landscapes. Many of them have sold out, like Principal Garden with its expanse of inviting green lawns, and Botanique at Bartley with its terraced grounds.
Tre Ver at Potong Pasir is over 90% sold. This will be one of the most delightful projects around, with gardens and landscapes modelled after, and by the same award-winning architects, WOHA, as for Parkroyal on Pickering.
The architecture of the Clavon Singapore will draw from their experience with these projects.
The Clavon Condo . Overview
The Clavon condominium will feature 40-storey towers, like Clement Canopy, that capitalise on the extensive views around. It will have slightly more units; around 640 (to be confirmed) homes, making for a nice mid-size project as well.
UOL’s developments have tended to sell well, perhaps due to their usually reasonable prices and reputation for quality, or maybe just because they are so attractive. They are also known for functional layouts and attention to detail, culled from their depth of experience and emphasis on design.
In addition, from UOL’s experience with Clement Canopy, they perceive strong demand for this place, due to its location in Clementi.
Clementi is one of our most sought after residential neighbourhoods. Even HDB flats here enjoy a premium. There are good reasons for this.
For one, Clementi is a mature estate that is established and self-sufficient, with all the necessary amenities.
Google View . Clementi Avenue 1 with Site on the Right . Clement Canopy in Background
It is also not too far from the city centre. Not exactly on the edge of it, but near enough to require only a short travelling time.
Then too, Clementi is an almost purely residential area. It has hardly any large industrial zones, particularly around the Clavon location.
Instead it is next to a large education cluster, surrounded by one of the highest concentrations of schools & academic institutes from primary to tertiary levels, anchored by the National University of Singapore.
Residences near a concentration of schools have always been popular, whether in Singapore or elsewhere.
The Clavon itself is within an enclave that includes Nan Hua High and NUS High School, and is across Clementi Road from University Town and the Kent Ridge education belt. Well-known names nearby include Nan Hua Primary, the Japanese Primary School, Anglo-Chinese School (Independent), United World College, Yale-NUS College, and Insead Asia.
Apart from that, the site is flanked by two major research and innovation clusters. To its east is One North, a vibrant 200-hectare hub for business innovation and enterprise. It houses key focus areas such as info-communications technology, biomedical sciences, media, and science and engineering.
One MRT train stop on its west, will be the Jurong Innovation District, that brings together smart technology research laboratories with commercial offices.
The development of these two hubs is still a work-in-progress, which could lead to future growth in demand for accommodation in the neighbourhood.
The Clavon Singapore . Investment Perspective
Little wonder then, that UOL expects demand from investors for the Clavon Singapore, given the potential tenant pool from these surrounding establishments.
All the more so since once the Clementi Peaks HDB precinct next door completes, residents can take a short-cut across. This should cut walking time to Clementi MRT station to 10 minutes or so.
With Tre Ver and Amber45 over 80% sold, and Avenue South Residence having moved 44% out of 1,076 units since its September 2019 launch, the Clavon is seen as a timely replenishment to UOL’s land bank.
As with other new launches, specific Clavon condo prices will only be known on the booking day. As a basis for comparison however, its land cost is $60 PSF cheaper than that of Parc Clematis. Parc Clematis is almost the same distance from, but on the other side of the MRT station.
Parc Clematis did surprisingly well at its launch, selling 324 units on its 31 August 2019 launch day alone. As of March 2020, it had cleared 40% or over 600 of its 1,468 units, at an average of $1,600 PSF.
Register interest for updates here.
|Developer||UOL Venture Investments + UIC Homes (UOL Group)|
|Status||Condominium (Foreigners eligible to buy)|
|Address||10 Clementi Avenue 1, Singapore|
|Site Area||16,542.7 m² (178,065 sq ft)|
|Floor Area||57,899.45 m² (623,230 sq ft)|
|Tenure||99 years leasehold|
|No. of Storeys||40|
|No. of Units||Approx. 640|
THE CLAVON FLOOR PLANS
The Clavon condo floor plans are not finalised yet. Kindly drop us a note below if you wish for the floor plans to be emailed to you once ready.
CLAVON CONDO SITE PLAN
The Clavon site is a fan-shaped parcel of land at a bend of Clementi Avenue 1 just opposite Nan Hua High School. The main entrance will be from here.
The curved back of the site on its west and south-west, is bordered by a slip road leading from Clementi Flyover to the AYE (Ayer-Rajah Expressway).
This side of Clementi Avenue 1 is a residential belt. On the north of the Clavon condo site is an upcoming HDB precinct Clementi Peaks. To its south-east is a currently empty plot of residential land.
CLAVON CONDO SHOWFLAT · VIEWING
The Clavon showflat is not ready for viewing yet. Please drop us a line below if you wish to be notified when the showflat is about to launch.
CLAVON CONDO PRICES · TYPES
UNIT TYPES . SIZES
|Unit Desc||Type||No. of
|Strata Area (sq m)||Strata Area (sq ft)|
|Total Number of Units||TBA|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
THE CLAVON PRICE RANGES
The Clavon pricing has not been finalised yet. Please drop us a note below if you wish to be kept updated on the prices.
UOL Venture Investments and UIC Homes jointly submitted the top bid of SGD$491.3 million for this 178,064 square feet parcel of land. This works out to $788 PSF PPR (per square foot per plot ratio) based on the maximum permissible GFA (gross floor area) of 623,230 square feet.
This could translate to a break-even of around $1,300 per sq ft after taking into account all the costs of developing, financing, and marketing the project.
Given that scenario we could potentially be looking at a selling price in the $1,4xx to $1,5xx PSF region (subject to change).
ABOUT THE DEVELOPER
The Clavon condo is being built by UOL Venture Investments and UIC Homes, both of whom are subsidiaries of UOL Group.
Individually, these rank among Singapore’s top local real estate developers. Each comes with a strong track record in property development and investment.
UOL Group Limited (“UOL” or the “Group”)
Since its inception in 1963, UOL has displayed a firm commitment to architectural excellence & quality in their products. This can be seen in their completed work, and in the many prestigious awards they have won.
Such as the Aga Khan Award for Architecture, the FIABCI Prix d’Excellence Award, the Urban Land Institute Awards for Excellence, International Property Award (Asia Pacific) for Residential Developments in Singapore, and Singapore’s own President’s Design Award.
Its list of property development projects includes residential developments, hotels and serviced suites, office towers, and shopping malls like Novena Square and United Square.
The Group owns and/or manages more than 30 resorts, hotels and serviced suites in Asia, North America, and Oceania under three brands: “Pan Pacific”, ParkRoyal, and ParkRoyal Collection.
With its in-depth experience and knowledge of homebuyers’ needs, UOL is especially known in Singapore for the homes it builds. It is dedicated to creating a masterpiece in every project, with beautiful design and landscaping.
Among its numerous residential developments are Tre Ver, Nassim Park Residences, Amber45, Duchess Residences, Newton Suites, Spottiswoode Residences, Principal Garden, Seventy St Patricks, One-North Residences, Waterbank @ Dakota, Southbank, and Meadows @ Pierce.
United Industrial Corporation Limited (“UIC” or “the Group”)
United Industrial Corporation Limited was set up in 1963 in Singapore as a private company, and listed on the SRX in 1971 as a public company.
It is one of Singapore’s major property groups, with premier developments in both suburban and prime locations. The Group’s portfolio spans 1 million square feet of retail space and 2.5 million square feet of office real estate in Singapore. These include Marina Square, The Gateway, SGX Centre, Clifford Centre, ABACUS Plaza, Singapore Land Tower, West Mall, and Tampines Plaza.
Among the residential projects it has developed, some jointly with UOL, are Clement Canopy, V on Shenton, The Tre Ver, and Avenue South Residence.
CLAVON CONDO LOCATION · FEATURES
Location. The Clavon location lies within Clementi Town, a HDB estate that is 7 KM west of Orchard Road, and 10 KM from Raffles Place, as the crow flies.
It sits on the southern fringe of the estate overlooking the West Coast of Singapore and is actually also within walking distance of Clementi Town Centre.
- Shopping / Dining / Banking Facilities. The nearest eateries and shops are diagonally across Clementi Avenue 1, at Casa Clementi. At the ground floor of the HDB precinct there, one can find a food centre, a well-supplied Sheng Siong mini-mart, neighbourhood shops, and dental and medical clinics.
For a much more complete range and variety, residents can take a 10 minute walk or short feeder bus ride to Clementi Town Centre and Mall.
Nearest MRT Station. The Clavon condo location is about 700 metres, or 10 minutes walk to Clementi MRT station. That’s by cutting diagonally across the HDB precinct, Clementi Peaks next door, to the junction of Clementi Avenue 2 and Commonwealth Avenue West.
This station lies on the East-West MRT line, that goes directly to the CBD and Changi Airport. From Clementi station to Raffles Place takes around 18 minutes.
Schools / Educational Institutions. This is where the Clavon location really shines. Apart from the fact that around the corner we have Nan Hua High School and the NUS High School of Maths and Science, and Pei Tong Primary School about 15 minutes walk away.
Because just slightly afield, is a proliferation of schools and academic & research institutions. Such as Nan Hua Primary, the Japanese Primary School, University Town, the sprawling campuses of the Singapore Polytechnic and the National University of Singapore, Yale-NUS College, Singapore Institute of Technology, and the United World College of South-East Asia. The list goes on.
Recreation / Sports Options. As befits a mature estate, Clementi is equipped with the usual recreational facilities. These include the Clementi Swimming Complex, and Clementi Sports Centre & Sports Hall. Which happen to be quite close by, just over Clementi Avenue 2 behind the site. An overhead bridge provides safe access across.
For those more into nature, there are West Coast Park and the Southern Ridges Green Belt not too far away. These provide a welcome respite within 10 minutes drive.
Accessibility. The Clavon condo location enjoys quick access, a couple of minutes drive, to a slip road onto the AYE (Ayer-Rajah Expressway). From there it takes 15 to 20 minutes off-peak to get to the central business and financial district around Raffles Place and Marina Bay.
The AYE also provides quick access around the island, through the island-wide expressway network.
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